Egypt’s budget has achieved an initial surplus of LE 20.8 billion during the first half of the 2018/2019 fiscal year, Finance Minister Mohammed Ma’it said on Monday. The minister described this as good results, saying in a press statement...اقرأ المزيد
Egypt’s foreign reserves increased by $12 million by the end of November 2018 to reach $44.513 billion, compared to $44.501 billion by the end of October 2018, according to the Central Bank of Egypt (CBE). Minister of Finance Mohamed Ma’it said previously...اقرأ المزيد
Minister of Finance Mohamed Ma’it said that the changes of the exchange rate and other economic factors affected some aspects of the Egyptian economy negatively, so the Ministry had to take actions to protect the employment and job opportunities. The...اقرأ المزيد
Publication of 2019/2020 budget reveals the government’s target to raise economic growth rate to 6.5 percent, compared to 5.3 percent in fiscal year 2017/2018, to reach a domestic product of LE 6.214 trillion. The publication also showed a target to...اقرأ المزيد
Finance Minister Amr el-Garhy announced that the Egyptian economic reform program has yielded results, saying it decreased unemployment rates by 2.3 percent in the past three years. The announcement came during a general parliamentary session which was...اقرأ المزيد
