Report: Local govt debt rises as subsidy expenditures fall
Business
September 7, 2010
Report: Local govt debt rises as subsidy expenditures fall
A report issued Tuesday by the state budget monitoring committee revealed an LE107 billion
CBE: Egypt scores BoP surplus for 2009/10
Business
September 6, 2010
CBE: Egypt scores BoP surplus for 2009/10
Egypt's foreign balance of payments recorded a US$3.36 billion
Govt considers private-sector participation in nuclear program
Business
September 5, 2010
Govt considers private-sector participation in nuclear program
The ministries of finance and electricity are reportedly thinking about establishing partnerships with local and foreign private-sector companies for the…
Coinage pumped into local market to meet Ramadan liquidity demand
Business
September 5, 2010
Coinage pumped into local market to meet Ramadan liquidity demand
The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
Banks vie to fund Egypt’s first nuclear project
Business
August 30, 2010
Banks vie to fund Egypt’s first nuclear project
A number of local banks plan to amend their credit policies in order meet the requirements to finance Egypt’s first…
Public-private partnership regulations to be issued in September
Business
August 23, 2010
Public-private partnership regulations to be issued in September
The Finance Ministry's Public-Private Partnership (PPP) Central Unit has finalized draft regulations for proposed legislation governing partnerships between the public…
Russia vows to reschedule wheat shipments to Egypt despite export ban
Business
August 10, 2010
Russia vows to reschedule wheat shipments to Egypt despite export ban
The government on Tuesday declared that it was satisfied with an announcement by Russian Deputy Prime Minister Viktor Zubkov that…
Fiscal year 2009/2010: drop in revenue, increase in public spending
Business
July 31, 2010
Fiscal year 2009/2010: drop in revenue, increase in public spending
Egypt's general budget deficit has climbed to 8.3 percent of the gross domestic product in the fiscal year 2009/2010. The…
NIB owed LE8 billion by public firms, bank says
Business
July 20, 2010
NIB owed LE8 billion by public firms, bank says
Public-sector companies owe Egypt's National Investment Bank (NIB) approximately LE8 billion, according to a bank estimate. Meanwhile, a prominent government…
End near for NIB, hints Boutros-Ghali
Business
July 20, 2010
End near for NIB, hints Boutros-Ghali
The National Investment Bank (NIB) will "not be around much longer," according to Egyptian Finance Minister Youssef Boutros-Ghali.The minister's curt…