Tag: budget

Egypt’s primary budget surplus registers EGP1bn in July: MOF

NIR increased to $45 bn in August 2019 covering 8 months of…

Daily News Egypt Daily News Egypt

Recent interest rate cuts save EGP 20-25bn in state budget: Finance Ministry

Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

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…

Hossam Mounir Hossam Mounir

Government hedges against oil price increase at under $70 per barrel

Renewal of hedging contracts every 3 months with review of oil value…

Mohamed Adel Mohamed Adel

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%…

Daily News Egypt Daily News Egypt

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

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

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…

Nehal Samir Nehal Samir

Misr Insurance Holding Company approves 2019/20 draft budget

Target revenues of EGP 20.4bn, up by 21.5%, net profit at EGP…

Daily News Egypt Daily News Egypt

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…

Mohamed Samir Mohamed Samir

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…

Daily News Egypt Daily News Egypt