budget
Finance Ministry says Saudi Arabia has yet to fulfill promises for assistance
Business
February 29, 2012
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
February 8, 2012
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
February 8, 2012
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
January 8, 2012
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
January 3, 2012
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
December 8, 2011
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
October 31, 2011
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
October 28, 2011
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
October 22, 2011
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
October 6, 2011
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…