fiscal year

Central Bank of Egypt announces banks to close Thursday for end of 2025 fiscal year
Egypt

Central Bank of Egypt announces banks to close Thursday for end of 2025 fiscal year

The Central Bank of Egypt (CBE) announced that, in observance of the end of the fiscal year for banks operating…
Will Egypt postpone devaluation of pound until end of June?
Business

Will Egypt postpone devaluation of pound until end of June?

Citigroup anticipates that the Central Bank of Egypt may resort to delaying the devaluation of the Egyptian pound against the…
Finance Minister: Committed to achieving goals of current fiscal year
Egypt

Finance Minister: Committed to achieving goals of current fiscal year

The Finance Ministry is committed to achieving all goals set for the current fiscal year, which ends in June, despite…
CBE announces Jan 1st official holiday for banks
Egypt

CBE announces Jan 1st official holiday for banks

The Central Bank of Egypt announced in a statement, on Tuesday, that Sunday January 1, 2023, is an official holiday,…
EGP 77.2 billion investments of education sector in 2022-2023
Egypt

EGP 77.2 billion investments of education sector in 2022-2023

Planning Minister Hala el Saeed said Thursday that the investments allocated for the educational sector are estimated at EGP 77.2…
PM reviews financial status report for current fiscal year’s budget
Egypt

PM reviews financial status report for current fiscal year’s budget

Prime Minister Mostafa Madbouly has underlined the need to continue adopting fiscal discipline measures in the public budget to improve…
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
Business

Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes

Forbes Middle East has reported that Egypt’s gross domestic product has grown by 6.6 percent during the 2021/2022 fiscal year.…
Net foreign reserves record $33.141 bln at end of August
Economy

Net foreign reserves record $33.141 bln at end of August

The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Egypt expects Suez Canal revenues to rise in 2022
Business

Egypt expects Suez Canal revenues to rise in 2022

Egyptian Finance Minister Mohamed Maait expected that Suez Canal revenues will reach US$7 billion by the end of the current…
Egypt’s economy is expected to grow by 5.6% in 2022
Business

Egypt’s economy is expected to grow by 5.6% in 2022

Egypt’s economy is expected to grow by 5.6 percent in the fiscal year 2021-2022, Minister of Planning Hala Al-Saeed said…
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