The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to …
Egypt’s budget
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Financial Institutions
Egypt in talks with IMF for $5.5bn loan to support budget: Minister
by Yomna Yasserby Yomna YasserEgypt is negotiating with the International Monetary Fund (IMF) for a US$5.5 billion loan to support the …
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Egypt’s stocks revived on Tuesday, closing with gains worth 3.3 billion Egyptian pounds powered by non-Arab foreign …
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Following imposing a 10% tax on capital gains and stock dividends, Egypt’s stocks closed lower on Wednesday …
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Egypt News
Egypt braces for EGP44bn Fuel Subsidy Cuts in new Fiscal Year – Minister
by Yomna Yasserby Yomna YasserNo time has been set to raise Egypt’s fuel prices, the finance minister announced on Monday in …
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Egypt News
Egypt Sees 10% Budget Deficit for Coming Fiscal Year – Minister
by Yomna Yasserby Yomna YasserEgypt’s finance minister said on Tuesday he expects the new budget deficit to stand at 10 % …
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Egypt’s stocks closed lower on Tuesday incurring losses totalling 4.8 billion Egyptian pounds driven by local investors’ …
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Egypt News
Egypt’s Sisi Stalls FY2014/15 State Budget over Domestic Debt Concerns
by Yomna Yasserby Yomna YasserEgypt’s newly-elected President Abdel-Fattah al-Sisi announced on Tuesday that he was not able to ratify the state’s …
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EGX
Capital Gains Tax ‘Pivotal’ to Egypt’s Budget; Says Investment Minister
by Yomna Yasserby Yomna YasserThe capital gains tax on the stock market is pivotal to finance Egypt’s budget, said the newly-appointed …
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Industry & Trade
Social Security Network Captures 37% of Egypt’s Budget – Official
by Yomna Yasserby Yomna YasserIn Egypt, the public spending on social security network accounts for 37% of the state’s budget, said …