Interest expenses on Egypt's debts record LE392.8B within 6 months

Tue, 07 Mar 2023 - 02:44 GMT

Debt expenditures accounted for 42 percent of Egypt's total expenditures during the six months, amounting to LE 940.8 billion.

Egypt expenses rise to LE 681B during first half of 20/21

Thu, 25 Mar 2021 - 11:02 GMT

A report issued by Ministry of Finance revealed that wage expenses and compensation for workers increased during the six months to LE 160 billion.

Egypt raises metro ticket prices to cover commute deficit

Tue, 18 Aug 2020 - 03:28 GMT

The annual expenses of the metro before the increase amount to L.E. 8 billion, while its income is estimated at L.E. 4 billion only.

Business News Wrap-Up

Mon, 26 Feb 2018 - 03:35 GMT

A wrap-up of the most prominent business news of the day

Egypt’s expenses record LE300.6 B in 4 months

Mon, 26 Feb 2018 - 11:13 GMT

Interest expenses acquired 36.8 percent of total expenses with an amount of LE 110.5 billion during the first four months of this fiscal year.

Overall, primary budget deficits drop in Q1 of FY 2017/18

Wed, 22 Nov 2017 - 05:05 GMT

The budget’s overall deficit dropped to 1.9 percent of GDP in the first quarter of fiscal year 2017/2018, compared to 2.5 percent last year.

Nahda demonstrations instigators to be punished: Higher Education min.

Sat, 18 Nov 2017 - 02:47 GMT

Abdel Ghafar stated that he formed a fact-finding committee to listen to all parties and identify the causes for rising tuition fees.

Minister: no intention to increase university expenses

Thu, 14 Sep 2017 - 06:18 GMT

Higher Education and Scientific Research Minister Khaled Abdel Ghaffar declared on Thursday that the government has no intention to increase university expenses during a press conference after the monthly meeting of the Supreme Council of Universities.

Pharos keeps Juhayna's FV at LE 8.8, overweight recommendation

Wed, 26 Jul 2017 - 02:19 GMT

Pharos Holding maintained the fair value (FV) for Juhayna Food Industries at LE 8.88, with an Overweight recommendation.