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This fiscal year’s budget could get a top up
The additional funds will come from proceeds from the USD 35 bn Ras El Hekma agreement
Health Ministry allays fears amid fresh AstraZeneca Covid-19 blood clots controversy
Pundits took to the airwaves to discuss the news that the AstraZeneca vaccine can lead to blood clots
Egypt’s FY 2024-2025 draft budget delivered to the House
Next year’s draft budget is the first consolidated public government budget that includes budgets of all the state’s economic bodies
Deficits in the US, China will hurt global economy
The US will record a fiscal deficit of 7.1% in 2025, over three times the 2% average clocked in by…
Economy to grow at a 4.0% clip in preliminary budget report for FY 2024-25
The Madbouly government now sees the economy growing at a 4.0% clip in the coming fiscal year
Alexbank’s net income rises 76% y-o-y to EGP 5 bn in 2023. PLUS: Next fiscal year’s draft budget goes up for discussion in the House next week
The government is currently working to offload its 20% stake in Alexbank
Gov’t proposes increasing spending on education, social security, healthcare in FY 2024-25 draft budget
Funds directed towards social protection are up 20% y-o-y to EGP 636 bn
El Sisi gets sworn in for a third term, announces goals through 2030
El Sisi outlined the state’s commitments to strengthen the country’s foreign relations, national security, and economic growth and productivity
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