Al-Ahly’s treasury thrives with financial prizes after winning the African Champions League

Mon, 12 Jun 2023 - 07:58 GMT

The Confederation of African Football (CAF) regulation stipulates that the African champion will receive $4 million, while the runner-up will receive an amount of $2 million.

Suez Canal adds LE 41.29B to Egypt's treasury in 6 months

Wed, 08 Mar 2023 - 05:23 GMT

Egypt's revenues from the tax on the profits of the Suez Canal amounted to about LE 23.97 billion during (July-December 2022), compared to LE 14.4 billion during the same period of the previous fiscal year.

Egypt allocated LE 4.4 bln investments for Red Sea governorate

Thu, 05 Jan 2023 - 11:02 GMT

The Egyptian government has allocated investments for the Red Sea Governorate, according to the 22/23 year plan, at about 4.4 billion pounds, of which 57.6% is funded by the public treasury.

Egyptian president transfers ownership of buildings from Police Ministry to National Treasury

Sun, 04 Dec 2022 - 04:25 GMT

President Abdel Fatah al-Sisi issued Sunday decree no. 572/2022 transferring the ownership of a number of buildings, including former prisons, from the Ministry of Interior to the National Treasury.

Total investments financed by Egypt's treasury rise to LE82B in H1 2021/22

Tue, 01 Feb 2022 - 12:23 GMT

Spending on the health, education, and social protection sectors increased by 30.4%, 21.1%, and 20.6% respectively during the period from July to the end of last December, compared to the same period of the last fiscal year.

Egypt's treasury bears LE 73.3M as part of vehicle replacement initiative

Wed, 04 Aug 2021 - 02:03 GMT

The minister indicated in a statement issued Wednesday that 3,000 citizens have acquired their new cars since the start of delivery in April to the end of July 2021.

Egypt's public investment in FY2020/21 is 'unprecedented': min.

Sun, 02 Aug 2020 - 11:38 GMT

The aim of such investment is creating job opportunities, and inhibiting economic slowdown amid the COVID-19 crisis.

Draft bill to end debt conflict between Treasury, Social Insurance

Sun, 14 Jul 2019 - 11:02 GMT

The Treasury Authority owes the National Social Insurance Authority LE 642 billion.

Tax revenues represent 72% to %75 of state's treasury

Wed, 23 Jan 2019 - 05:54 GMT

For his part, Deputy Chairman of the Egyptian Tax Authority Reda Abdel Kader said that the aim of the digitalization is to facilitate the service for the tax community.

Egypt is a haven market for traders: Bloomberg

Fri, 17 Aug 2018 - 09:50 GMT

In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.

Cabinet to transfer percentage of funds, private accounts to state treasury

Thu, 12 Jul 2018 - 06:50 GMT

The Cabinet approved during a meeting under Prime minister Mostafa Madbouli on Thursday a number of decrees and draft laws

U.S. Treasury chief may visit China as trade tensions simmer

Sun, 22 Apr 2018 - 12:10 GMT

U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies.

Proceeds of €2B Eurobonds to reach CBE’s treasury Monday

Mon, 16 Apr 2018 - 08:56 GMT

The settlement of Egypt's first €2 billion euro-denominated international bond issue will take place on Monday.

Asia stocks edge up on tech shares, U.S. inflation data awaited

Tue, 13 Mar 2018 - 07:55 GMT

Asian stocks edged up on Tuesday with technology shares buoyed by gains in their Wall Street peers, but gains were limited ahead of U.S. inflation data.

Stocks rally as Fed eases rate worry, tech climbs

Sat, 24 Feb 2018 - 09:46 GMT

U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields.

Euro holds near three-year highs as rising yields fail to lift dollar

Fri, 02 Feb 2018 - 12:20 GMT

The euro held above $1.25 on Friday, continuing a strong week in which rising U.S. treasury yields failed to lift the dollar while the euro zone's economic revival.

Government borrows LE 2.5B in T-bonds Monday

Mon, 11 Dec 2017 - 07:35 GMT

The T-bills are to be offered at LE 1.5 billion with a three-year term and at LE 1 billion with a seven-year term.

Government borrows LE 2.5B in T-bonds Monday

Mon, 27 Nov 2017 - 08:18 GMT

The T-bills are to be offered at LE 1.5 billion with a three-year term and at LE 1 billion with a seven-year term.

EXCLUSIVE: State has not paid a penny in WYF: Governor of S. Sinai

Sun, 05 Nov 2017 - 03:33 GMT

I reassure all the citizens no funds were paid out of the state treasury at all,” Khaled Fouda, governor of South Sinai, stated to Egypt Today.

Average yields fall on Egypt's three- and nine-month T-bills

Sun, 29 Oct 2017 - 01:07 GMT

Average yields on Egypt’s three- and nine-month treasury bills fell at auction on Sunday, central bank data showed.