February 6, 2023
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Homedeficit

deficit

Egypt Latest News

Egypt facing sharp rise in costs to finance $30 bln. deficit, report

May 18, 2022 MEO Staff

Egypt faces $16 bln in foreign debt servicing in 2022/23, including $2 bln to IMF. However, the interest payments will be equivalent to 45% of state revenue Higher interest rates, a weak currency and broader [ More … ]

Saudi Arabia News

KSA forced to boost borrowing as oil glut slams virus-hit economy

April 23, 2020 MEO Staff

Saudi finance minister says kingdom will also draw down up to $32bn from its reserves to finance deficit caused by twin crises Kingdom of Saudi Arabia (KSA) could be forced to borrow around $26bn more [ More … ]

Egypt Latest News

Egyptian regime plans to borrow $4bn in 2018

August 18, 2017 MEO Staff

A source from the Ministry of Finance revealed Egypt’s plan for early 2018 to return to the international financial markets and borrow $4bn to cover a budget deficit. The source told Bloomberg that the ministry [ More … ]

Column

Lack of Transparency in UAE Budget

December 11, 2016 MEO Staff

 BY: Abdel Hafez  Al-Sawi* The state budget is the most prominent example of social contract between citizens and the state, where the citizens get assured of the nature of economic policies, the burdens that they [ More … ]

Egypt Latest News

Sugar Shortage: A New Crisis In Egypt’s Market

October 10, 2016 Ahmed Rashed

Sugar shortage is the latest among the Egyptian goods’ crises. The Egyptian market began to witness a growing shortage in the supply of sugar that led to a sharp increase in its price up to [ More … ]

Egypt Latest News

Salaries of Egypt’s Diplomatic Missions Postponed Due to the Hard Currency Crisis

August 24, 2016 Ahmed Rashed

The Egyptian Foreign Ministry has dispatched a cable, of which Mada Masr obtained a copy, to all the Egyptian diplomatic missions aboard. The cable said that the August salary will be postponed as “the payroll has not [ More … ]

Egypt Latest News

Expected Controversial Economic Policies in Egypt ahead of the IMF Loan Agreement

August 4, 2016 Ahmed Rashed

Egyptian officials started talks in Cairo with the International Monetary Fund (IMF) ahead reaching an agreement over a loan to help finance the government’s economic program. Egypt is seeking $12 billion over three years. The [ More … ]

No Picture
Turkey Latest News

Turkey’s Current Account Deficit Falls 1/3 in May

July 14, 2016 MEO Staff

The 33 pct year-on-year fall reduces the deficit to $2.86B in May from $4.27B a year earlier    Turkey’s current account deficit was down by one-third in May, the Turkish Central Bank said Thursday, according to [ More … ]

Egypt Latest News

Al-Sisi’s Government Needs to Adopt Broader Reforms to Meet the IMF Outlines

June 9, 2016 Ahmed Rashed

Egypt’s economic reform has been highlighted in a number of international economic financial events and government policies, but there are great measures and standards that need to be accomplished according to the International Monetary Fund. [ More … ]

Latest

Egypt: Leaks on a 99-year Suez Canal concession deal with an Israeli company

Egypt Latest News
February 5, 2023

Sudan and Israel agree to enhance ‘normalization’ of relations between them

Egypt Latest News
February 3, 2023

Egypt: ‘IMF bailout highlights risks of austerity and corruption’, rights report

Egypt Latest News
February 2, 2023

Egypt: Due to negligence, prisoner dies in police station despite ending 2 years on remand

Egypt Latest News
February 1, 2023

Blinken: U.S. to keep pressing Egypt on human rights

Egypt Latest News
January 31, 2023
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