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FinMin narrows deficit target for this fiscal year as economy withstands global turmoil
The Madbouly government now expects the budget deficit to contract to 6.2% this fiscal year, down from a previous 6.9%…
GAFI could ban forex payments between shipping + cargo handling firms
No more USD payments on cargo handling? The Finance Ministry has directed the General Authority for Investments and Freezones to…
Cabinet gives final approval on Income Tax Act amendments
Ministers green-lit a number of decisions at yesterday’s cabinet meeting, including amendments to the Income Tax Act and the date…
Our wheat reserves are dipping — but FinMin has lined up the funds to buy big in the local harvest
Our strategic wheat reserves have taken a dip: Egypt currently has enough wheat to cover the next 2.6 months’ worth…
18 new ambassadors present credentials to Sisi
President Abdel Fattah El Sisi received the credentials of 18 new ambassadors to Egypt last week, according to an Ittihadiya…
EBRD trims Egypt’s growth outlook for 2022 + FinMin mulling price of oil in 2022-2023 budget
EBRD trims Egypt 2022 growth outlook on inflation concerns: The European Bank for Reconstruction and Development (EBRD) has downgraded Egypt’s…
Offers roll in for the management of EV charging station company
Fourteen firms are vying to manage the state’s planned EV charging firm, Al Mal quoted Public Enterprises Minister Hisham Tawfik…
Cabinet is working on a roadmap for reducing the state’s involvement in the economy
The government has an outline of its long-term strategy to encourage private sector involvement in the economy: The Madbouly Cabinet…
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