Egypt Independent

Ibrahim Alsahary
Ibrahim Alsahary 0 | Articles

Despite expansion, Egypt's Suez Canal revenue drops for 9th consecutive month in October

Despite its expansion, Egypt's Suez Canal revenues dropped by 6.9 percent in October for the ninth consecutive month, reaching US$449.2...

Ibrahim Alsahary Ibrahim Alsahary 4 years ago

Egypt's Suez Canal revenues fall for 8th consecutive month in September

Egypt's Suez Canal revenues fell 4.4 percent in September for the eighth consecutive month, reaching US$448.8 million, compared to $469.7million...

Ibrahim Alsahary Ibrahim Alsahary 4 years ago

Minister: Sisi will sign law privatizing electricity within days

A new electricity law should be presented to President Abdel Fattah al-Sisi within days, according to Electricity and Renewable Energy minister...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Egypt plans to issue treasury bonds worth LE249 bn in Q4 2014/2015

Egypt plans to issue treasury bonds worth LE249 billion in last quarter of the current fiscal year, ending on 30...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Higher budget deficit might force Egypt to introduce more austerity measures

The Ministry of Finance has submitted different scenarios for the Fiscal Year 2015/16 budget, none of which includes reduced fuel...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Ministry: Egypt's budget deficit increases 50.5% in first 8 months of 2014/15

Egypt's budget deficit has increased by 50.5 percent to reach LE186 billion (8 percent of Gross Domestic Product GDP) during...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Minister: Egypt's spending on fuel subsidies decline by 31% in first half of FY2014–15

Finance Minister Hany Qadry Demian announced on Monday that Egypt's spending on fuel subsidies in the first half of the...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Presidential decree to issue new Suez Canal certificates

President Abdel Fattah al-Sisi issued a decree on Monday to offer new certificates to the public in order to generate revenues...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

CBE governor: Egypt external debt decreases to $41 billion

Central Bank of Egypt Governor Hisham Ramez said that the country's external debt recently decreased to US$41 billion, according to...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Egypt to contract with Fitch and S&P to credit rate its US$1.5 bn bond issue

Egypt’s Finance Ministry has requested from the Egyptian Cabinet to directly contract with Fitch and Standard and Poor’s (S&P) to...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Minister: Egypt to generate additional 70 GW of electricity in next 10 years

Investment Minister Ashraf Salman said the government is finalizing a 10-year plan that will allow Egypt to generate an additional...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

UPDATE:Two Egyptian families dominate wealth with US$21.5 billion, says Forbes

Seven men in Egypt is populated by two families Sawiris and Mansour kept their spot as the world's richest men...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Ministry: Egypt's budget deficit increased by 32.9% to LE159bn in July-January 2014/15

Egypt's budget deficit has increased to reach about 6.9 percent of GDyP (LE159 billion), compared to 6 percent (LE119.6 billion)...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago

Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014

Egypt's total government debt (domestic and external) increased by 15.9 percent to LE 1.995 trillion about 86 percent of GDP...

Ibrahim Alsahary Ibrahim Alsahary 5 years ago