Dollar exchange rate in budget to be announced in March
Ministry of Finance
Cairo - MENA
The average exchange rate of US dollar against the Egyptian pound in the state budget, will be announced in March each year before referring it to the House of Representatives, the Ministry of Finance said on Monday.
It added that determining the dollar exchange rate is based on rules and procedures related to economic performance, growth rate and other measures.
The state budget deficit is EGP 319 billion in the 2015-2016 FY, not EGP 340 billion as it has been circulated, said Head of state general budget sector at the Ministry of Finance Mohamed Abdell Fattah.
The actual deficit will be announced once the general budget final account is finalized, he assured.
Meanwhile, the ministry pointed out that the government has adopted several reform measures that aim at rationalizing public expenditure and increasing state resources with a view to shrinking state budget deficit.
GMT 02:51 2017 Sunday ,16 July
First phase of 'e-link' project launchedGMT 22:29 2017 Wednesday ,11 January
Jordan Budget Deficit Declines to JD803m after GrantsGMT 03:58 2016 Wednesday ,21 December
Ministry of Finance organises a workshop on tax treaty developmentsGMT 19:07 2016 Thursday ,29 September
Finance Ministry launches 2016-2017 Citizen’s BudgetGMT 03:12 2016 Thursday ,21 April
UAE and Jersey sign agreement on avoidance of double taxation on income
- Wednesday ,21 December GMT 03:58 2016 Ministry of Finance organises a workshop on tax treaty developments
- Thursday ,21 April GMT 03:12 2016 UAE and Jersey sign agreement on avoidance of double taxation on income
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 06:58 2018 Friday ,12 January
Wife of Saudi blogger Badawi told he could be pardoned
GMT 13:59 2016 Monday ,05 December
Colors of Saudi Arabia forum beckons photography lovers
GMT 06:26 2017 Sunday ,24 December
Real Madrid 'obliged' to keep title race aliveGMT 17:25 2011 Sunday ,26 June
Gove urges parents into classrooms to break strike
GMT 02:54 2017 Friday ,14 July
BTEA inaugurates Representative Office in Russia
GMT 07:50 2017 Sunday ,05 November
Anti-Daesh forces converge on Syria border town
GMT 10:19 2018 Friday ,05 January
Hundreds of Gazans protest electricity cuts
GMT 17:05 2017 Saturday ,06 May
GHQ of UAE Armed Forces announces martyrdom of servicemanGMT 10:34 2012 Friday ,20 January
Confidence in euro zone improves despite downgradesGMT 18:38 2012 Monday ,15 October
\'Fashion Star\' crew on strikeGMT 16:20 2011 Tuesday ,05 July
Datuk Dr Wee finding ways to problems of teachersGMT 10:23 2011 Friday ,01 July
Trial program launched to aid high school graduates
GMT 09:00 2017 Friday ,26 May
France to 'do everything we can' to help Britain fight terrorGMT 12:04 2012 Tuesday ,30 October
UAE Labour Minister lashes out at EU report on human rightsGMT 06:27 2011 Monday ,10 October
Al Ahli win leaves coach smilingGMT 14:36 2011 Tuesday ,13 December
Falcons race for prizes near Al AinGMT 16:55 2013 Thursday ,02 May
Early US settlers resorted to cannibalism
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor