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What we’re tracking on 19 January 2020
President Abdel Fattah El Sisi is in Berlin for the Libya peace conference, which kicks off today. A summit in…
Get House approval before making subsidies changes, Abdel Aal tells gov’t
Abdel Aal reminds gov’t switching to cash food subsidies needs House approval: The Supply Ministry’s plans must earn a stamp…
Egypt records state budget deficit of 2.1% in 1Q2019-20
BUDGET WATCH- State records budget deficit of 2.1% in 1Q2019-20: The Finance Ministry’s latest fiscal performance report (pdf) showed a…
Pyramisa to open its Dubai hotel in 1Q2020
Pyramisa Hotels to open its EGP 250 mn Dubai hotel in the first quarter of 2020, Chairman Magdi Azab said,…
Egypt’s fuel subsidy spending falls 69% y-o-y in 1Q2019-2020
BUDGET WATCH- Fuel subsidy spending plunges in 1Q2019-2020: Government spending on fuel subsidies fell 69% y-o-y in 1Q2019-2020 to EGP…
FinMin aims to cut government spending by 6.5% next fiscal year
BUDGET WATCH- FinMin aims to cut government spending by 6.5% next fiscal year: The Finance Ministry is projecting a 6.5%…
FinMin issues guidelines for state bodies' standalone budgets for FY2020-2021
BUDGET WATCH- FinMin issues guidelines for state bodies' budgets for FY2020-2021 ahead of drafting full budget: The Finance Ministry has…
Finance Ministry publishes FY2019-2020 citizen budget
The Finance Ministry has published the FY2019-2020 citizen budget, an initiative started in 2010 to increase citizen participation in economic…
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