Ibrahim Alsahary

Despite expansion, Egypt’s Suez Canal revenue drops for 9th consecutive month in October
Egypt

Despite expansion, Egypt’s Suez Canal revenue drops for 9th consecutive month in October

Despite its expansion, Egypt's Suez Canal revenues dropped by 6.9 percent in October for the ninth consecutive month, reaching US$449.2…
Egypt’s Suez Canal revenues fall for 8th consecutive month in September
Egypt

Egypt’s Suez Canal revenues fall for 8th consecutive month in September

Egypt's Suez Canal revenues fell 4.4 percent in September for the eighth consecutive month, reaching US$448.8 million, compared to $469.7million…
Minister: Sisi will sign law privatizing electricity within days
Egypt

Minister: Sisi will sign law privatizing electricity within days

A new electricity law should be presented to President Abdel Fattah al-Sisi within days, according to Electricity and Renewable Energy minister…
Egypt plans to issue treasury bonds worth LE249 bn in Q4 2014/2015
Egypt

Egypt plans to issue treasury bonds worth LE249 bn in Q4 2014/2015

Egypt plans to issue treasury bonds worth LE249 billion in last quarter of the current fiscal year, ending on 30…
Higher budget deficit might force Egypt to introduce more austerity measures
Egypt

Higher budget deficit might force Egypt to introduce more austerity measures

The Ministry of Finance has submitted different scenarios for the Fiscal Year 2015/16 budget, none of which includes reduced fuel…
Ministry: Egypt’s budget deficit increases 50.5% in first 8 months of 2014/15
Egypt

Ministry: Egypt’s budget deficit increases 50.5% in first 8 months of 2014/15

Egypt's budget deficit has increased by 50.5 percent to reach LE186 billion (8 percent of Gross Domestic Product GDP) during…
Minister: Egypt’s spending on fuel subsidies decline by 31% in first half of FY2014–15
Egypt

Minister: Egypt’s spending on fuel subsidies decline by 31% in first half of FY2014–15

Finance Minister Hany Qadry Demian announced on Monday that Egypt's spending on fuel subsidies in the first half of the…
Presidential decree to issue new Suez Canal certificates
Egypt

Presidential decree to issue new Suez Canal certificates

President Abdel Fattah al-Sisi issued a decree on Monday to offer new certificates to the public in order to generate revenues…
CBE governor: Egypt external debt decreases to $41 billion
Egypt

CBE governor: Egypt external debt decreases to $41 billion

Central Bank of Egypt Governor Hisham Ramez said that the country's external debt recently decreased to US$41 billion, according to…
Egypt to contract with Fitch and S&P to credit rate its US$1.5 bn bond issue
Egypt

Egypt to contract with Fitch and S&P to credit rate its US$1.5 bn bond issue

Egypt’s Finance Ministry has requested from the Egyptian Cabinet to directly contract with Fitch and Standard and Poor’s (S&P) to…
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