Bank financing’s contribution to budget deficit declines in 2Q19: CBE
Investors' shift from T-Bills to T-Bonds reflects positive change in their macroeconomic…
Government hedges against oil price increase at under $70 per barrel
Renewal of hedging contracts every 3 months with review of oil value…
Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19
The ongoing fiscal reforms managed to reduce the budget deficit to 8.2%…
EGPC forecasted net profit fell to EGP 21.4bn in FY 2019/20, down 30%
Profit targets were set based on minimum oil, gas production, say sources
Initial surplus in Egypt’s budget EGP 58.2bn in 11 months: Ministry of Finance
Meanwhile, Egypt achieved an initial surplus of only EGP 1.9bn during the…
Misr Insurance Holding Company approves 2019/20 draft budget
Target revenues of EGP 20.4bn, up by 21.5%, net profit at EGP…
Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20
EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn…
Egypt’s budget deficit drops to 5.6% in 10M of FY 2018/19
According to the financial report, the overall deficit declined as a result…
Government plans to offer treasury T-Bonds, T-Bills worth EGP 146.5bn in June
Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about…
Tarek Shawky urges ministry of finance to increase education reform’s budget
We only received EGP 99bn, despite requesting EGP 138 bn, said Shawky