Egypt’s government has announced a three-day state mourning on Saturday, following the demise of Emir of Kuwait …
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Egypt’s Government
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Egypt NewsNews
Egypt to increase minimum wages to $113 per month from January
by Aya Anwarby Aya AnwarEgypt’s government will increase the minimum wage to 3500 ($113) Egyptian pounds a month paid by the …
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Egyptian government is poised to relocate to the country’s anticipated new administrative capital within a year, Planning …
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Egypt’s government-led Informal Settlements Development Fund (ISDF) will inaugurate eight slums after a development process within the …
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Banks
Egypt government spent $5.65bn over-budget in 2016-17 due to currency float
by Yomna Yasserby Yomna YasserEgypt’s government spent over 100 billion Egyptian pounds ($5.65 billion) more than it planned to in the …
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Financial Institutions
Egypt government approves Eurobond programme of around $7 billion
by Yomna Yasserby Yomna YasserEgypt’s government approved a Eurobond programme worth around $7 billion to be issued during the 2017-2018 financial …
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Real Estate
ISDF earmarks 84.6 mln pounds to upgrade Egypt’s New Valley slums
by Yomna Yasserby Yomna YasserEgypt’s government-led Informal Settlements Development Facility (ISDF) is allocating around 84.6 million Egyptian pounds ($4.7 million) for …
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Financial Institutions
Largarde praises Egypt’s measures on economic reforms
by Yomna Yasserby Yomna YasserThe head of the International Monetary Fund (IMF) Christine Lagarde has praised Egypt’s reform measures, saying they …
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Financial Institutions
Egypt to borrow 371bn pounds to fund budget deficit within Q1-FY2017/18
by Yomna Yasserby Yomna YasserEgypt’s government plans to borrow 371 billion Egyptian pounds to finance the deficit of the country’s general …
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Industry & Trade
Egypt to lower fuel subsidies to 33 bln pounds in 2017/18 draft budget
by Yomna Yasserby Yomna YasserEgypt’s government will reduce spending on fuel subsidies to 33 billion Egyptian pounds in the 2017/18 draft …
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