Category Archives: Finance

Petroleum Ministry denies setting new fuel prices

Spokesman for the Petroleum and Mineral Resources Ministry Hamdy Abdel Aziz has denied reports circulated on social media about setting new prices for fuel products, as of April 1.

In a press statement on Tuesday 31/3/2020, the spokesman said the …

Trade Minister extends work of export councils

Minister of Trade and Industry Nevine Gamea has decided to extend the work of the current export councils for another month as of April 1,2020.

In a statement released Monday March 30,2020 the Ministry of Trade and Industry said the …

Egypt estimates disbursements of EGP 1.7 trillion, revenues of EGP 1.3 trillion in new budget

Minister of Finance Mohamed Maait announced that the disbursements of the draft budget for fiscal year (FY) 2020/2021 have reached approximately EGP 1.71 trillion, and revenues recorded EGP 1.3 trillion.

Announcing FY 2020/2021 figures, Maait added the new budget targets …

CBE: Balance of payment surplus hits USD 410.9 m

The Central Bank of Egypt (CBE) said the balance of payment with regard to country’s foreign transactions hit a surplus of USD 410.9 million in the first half of the 2019-2020 fiscal year against a total deficit of USD 1.8 …

Amer: CBE targets relieving burdens on citizens, companies

Governor of the Central Bank of Egypt (CBE) Tarek Amer said on Sunday 29/3/2020 the recent CBE decisions came in light of the latest precautionary measures aimed at halting the spread of coronavirus.

Such decisions targets relieving the burdens on …