Egypt allocates LE397B for health sector in 2023/24 budget

Wed, 26 Apr 2023 - 03:51 GMT

Article 18 of the Egyptian Constitution stipulates that the state is committed to allocating a percentage of government spending for health that is not less than 3 percent of the gross domestic product (GDP), gradually increasing until it is in line with international rates.

Egypt allocates LE10B to support tourism sector within productive sectors initiative

Wed, 26 Apr 2023 - 03:19 GMT

This comes in the context of expanding the base of beneficiaries of this initiative due to the importance of the tourism sector in supporting the national economy.

Banking sector's allocations reach LE209.75B at end of March

Sun, 19 Jun 2022 - 12:24 GMT

The total investments of banks in securities and investments in treasury bills amounted to LE 3.549 trillion at the end of March 2022, compared to LE 3.324 trillion at the end of December 2021.

Egypt bears LE12B additional allocations for purchase of wheat after increase in global prices

Tue, 25 Jan 2022 - 01:24 GMT

He explained that the government decided, in light of the rise in international prices, to increase the price of importing local wheat by about LE 670 per ton to ease the burden on farmers.

$45B for Arabs.. IMF begins distributing allocations to confront coronavirus

Thu, 02 Sep 2021 - 03:34 GMT

These allocations represent a vaccine injection into the arm of the world, and if used wisely, it will be a unique opportunity to combat this unprecedented crisis, according to a statement by the Fund.

Govt denies reduced budget allocations for health, education sectors

Sun, 08 Aug 2021 - 02:12 GMT

The IDSC, in a statement Sunday, said it had contacted the Finance Ministry to verify the news.

Egypt's allocations for subsidies, grants, social benefits in 6 months hit LE100B

Thu, 14 Jan 2021 - 03:42 GMT

Maait attributed the increase in subsidies allocations to the payment of all treasury obligations in favor of the Pension Fund, with a value of LE 42.5 billion during the six months, with an annual growth rate of 186 percent.

Egypt allocated LE 14.4B for health sector since start of coronavirus

Wed, 06 Jan 2021 - 12:03 GMT

The government, since the beginning of the "pandemic", has taken immediate measures to support the medical sector.

LE122B allocated for higher education sector: Ma'it

Sun, 23 Aug 2020 - 10:18 GMT

In addition, a total of LE 3.8 billion has been allocated for establishing and developing technological and private non-profit universities, Ma'it pointed out.

Finance Ministry: LE 7B allocated for supporting exports in FY 2020/21

Wed, 03 Jun 2020 - 11:23 GMT

The government aims at delivering natural gas to 1.2 million households, which in turn could contribute to reducing the government's subsidy for butane gas cylinders.

Egypt allocates LE327.7B to social protection program in 2019/20

Thu, 01 Aug 2019 - 02:58 GMT

The report revealed that the Egyptian government directed more than LE 1.3 trillion to social protection programs in 5 years.

Planning Ministry says LE103B allocated for "decent life" initiative

Thu, 01 Aug 2019 - 01:22 GMT

About 75 percent of "decent life" investments will go to Upper Egyptian governorates, with Assiut receiving the lion's share, which amounts to LE 815.27 million.

Finance Ministry approves LE 4.5B urgent allocations in April

Wed, 29 May 2019 - 03:14 GMT

Allocations included LE 4 billion for the General Authority for Supply Commodities.

5M employees get salary hikes in new state budget: official

Wed, 20 Jun 2018 - 02:21 GMT

Kojak revealed three programs at the new state budget that aim to maintain social justice.

Planning minister allocates LE 16M for Ismailia, Dakahalia

Sun, 27 May 2018 - 01:03 GMT

About LE 10 million were allocated for Ismailia governorate in order to contribute to the completion of the workshops project in the future city.

GSK buys Novartis stake in consumer healthcare venture for $13B

Tue, 27 Mar 2018 - 07:53 GMT

GSK last week quit the race to buy Pfizer’s consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.