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The Japanese government has said it’ll compile a huge stimulus package to kickstart the Asian country’s flagging economy. The announcement put more pressure on the Bank of Japan to increase monetary easing.
Egypt will sign agreement with Saudi Fund for Development to provide fuel and natural gas credit facilities, says El-Araby
Many projects in the housing sector, part of the economic stimulus package, will be concluded within two months
The new package aims to revitalise and expand the activities of the private sector through removing the “bottlenecks” facing economic key sectors.
Economic platform outlined by Al-Sisi during presidential campaign will be included in 2014/2015 development plan, says planning minister
A number of transportation projects included in the stimulus package have been completed, says El-Demeiry
Ashraf El-Araby called on the acceleration of implementing the stimulus projects in order to generate revenues in the current fiscal year.
The government’s stimulus package will yield results by the end of Q1 2014, Galal says
Egypt signed a $2.8bn agreement with UAE in October to implement development projects
Galal discloses that the CBE has held onto a $9bn deposit since the 1990s, which the government will use to finance its two stimulus packages
Galal stated that the government aims to lower the deficit from 14% in the last fiscal year to only 10% during the current year, which he called the most important cause of rising prices.