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Budget revenues increase by 0.7% to reach EGP 34.4bn
Pace of growth in seven Middle Eastern countries remains “far below” the rates expected in the 2000s, the World Bank indicates
President Abdel Fattah Al-Sisi meets with Egyptian editors, discusses economic policies and challenges facing the country
Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8% and offer 550,000 job opportunities
Industrial production, debt, revenues and expenditures all saw increases
The Ministry of Industry made an early announcement for a new programme to support exports starting in early July.
Success depends on real growth in investments, a clear vision regarding taxation and cutting government spending
Total expenditure set at EGP 789bn, revenues expected to reach EGP 549bn, EGP 207bn for wages while petroleum subsidies decrease by EGP 44bn
Total expenditure set at EGP 789bn while revenues expected to reach EGP 549bn
EGP 10bn increase in fuel subsidies for 2014/2015 budget a result of violence in Iraq: Petroleum ministry official
An increase in petroleum prices and a cap on public sector wages expected in new budget which awaits Sisi’s approval
Petroleum price increase to be announced unexpectedly to avoid black market fuel distribution, says EGPC official
The government is racing against time to complete the process of reviewing the budget for the next fiscal year, after President Abdel Fattah Al-Sisi refused to ratify it due to the growing deficit and heavy.
Cabinet to hold weekly meeting Wednesday, Prime Minister to hear ministers’ proposals on budget development
President says that assistance from Gulf States was the reason Egypt survived the past 10 months
IMC aims to provide 2,825 services to about 995 companies for the 2014/2015 fiscal year (FY).
Upcoming state budget seeks to apply financial and economic reforms
A complaint was filed against Al-Adawi by a board member in the Doctors’ Syndicate for “incitement against doctors”
Economic platform outlined by Al-Sisi during presidential campaign will be included in 2014/2015 development plan, says planning minister
Consideration of subsidy increase an “error” and “politically out of the question,” in light of potential anger on part of the poor: Experts
Economy remains weak with consumption under pressure and investment affected, the report stated
Outgoing Prime Minister Ibrahim Mehleb said the government has presented a ‘bold’ budget for the coming fiscal year which will overhaul the energy subsidy system
“A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes,” the credit agency says
Subsidies to factories do not benefit the state or its citizens: EIPR
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
State budget for subsidised food commodities in FY 2014/2015 is EGP 34.05bn, compared to EGP 33.8bn in FY 2013/2014
Minister discusses ways to reduce or maintain budget deficit at 11% during American Chamber of Commerce conference
Finance ministry has failed to meet legal obligations in publishing budget drafts for the state, economic bodies and public sector, joint statement says
Oil sector will receive EGP1.106bn, ministry says in an official statement
Kuwait’s fiscal year runs from 1 April to 31 March.