budget

Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance
Business

Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance

The Finance Ministry said statements reported by several news agencies citing Saudi Foreign Minister Prince Saud al-Faisal saying his country…
PM: Donors say they want IMF accord first
Business

PM: Donors say they want IMF accord first

International donors have made any financial support they provide to Egypt contingent on Cairo first reaching agreement on a financing…
Government drags feet on fuel subsidy reform
Business

Government drags feet on fuel subsidy reform

For years, Egypt’s government has discussed the need to reform fuel subsidies that mainly benefit energy-intensive industries and the wealthy,…
Sunday’s papers: Election results and talk of a national defense council
Egypt

Sunday’s papers: Election results and talk of a national defense council

The Muslim Brotherhood and the ruling Supreme Council of the Armed Forces (SCAF) agree on the structure of a national…
Egypt to keep 2011/12 deficit on target, says finance minister
Business

Egypt to keep 2011/12 deficit on target, says finance minister

Egypt will maintain its budget deficit at 8.6 percent of output for this financial year, its finance minister said on…
New finance minister promises more of the same
Business

New finance minister promises more of the same

Momtaz El-Said's appointment Wednesday makes him Egypt’s fourth finance minister this year, but brings with it little promise of new…
Egypt says IMF options open, has not asked for funds
Business

Egypt says IMF options open, has not asked for funds

Egypt is open to IMF funding, but the country has not made any formal request for aid since turning down…
Drop ‘dictator debt,’ activists and economists say
Business

Drop ‘dictator debt,’ activists and economists say

Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
UAE to provide Egypt with US$3 bln aid
World

UAE to provide Egypt with US$3 bln aid

The United Arab Emirates plans to provide US$3 billion in financial aid to Egypt but is still discussing the mechanism…
Qatar supports Egypt’s general budget with US$500 million, increases investments
Egypt

Qatar supports Egypt’s general budget with US$500 million, increases investments

The Qatari government has allocated US$500 million to support Egypt's general budget and decided to increase its investments in Egypt…
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