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Gov’t lowers FY 2022-2023 budget targets as Ukraine conflict strains finances
FinMin trims budget targets as Ukraine conflict weighs on state finances: The Finance Ministry has revised downwards its fiscal targets…
EDF Renewables among six consortiums eyeing USD 1 bn SCZone green ammonia plant
Another green ammonia plant in the SCZone? France’s EDF Renewables and Egypt’s ZeroWaste are together one of six international consortiums…
Intro Group to invest EGP 1 bn in waste management this year
Intro Group subsidiary Intro Sustainable Resources (IRS) is looking to invest some EGP 1 bn in waste recycling this year,…
US stocks have best week since November 2020
US stocks had their best week since November 2020 last week following US-China talks on Ukraine and as the oil…
Webb Telescope’s space images are even better than expected + No more Instagrammable Starbucks cups?
The James Webb Space Telescope may exceed the goals it set out to achieve: The Webb Telescope — which is…
IMF program + rate hikes in the cards as Ukraine war pressures budget -Fitch
Fitch sees new IMF program, rate hike as Ukraine conflict raises pressure on gov’t finances: Lower tourism inflows, higher food…
The Russia-Ukraine war will curb our economic growth and hit the budget –IMF
In case Ahmed Kouchouk’s warning wasn’t enough, the IMF also thinks emerging markets including Egypt will need to hedge against…
FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
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