Friday 31 October 2014
 
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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Kuwait woos foreign investors by dropping offset scheme

Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy, its finance minister said on Tuesday, as it tries to attract more overseas companies. "We n

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India's new finance minister faces huge challenges

Hardened by a term in prison as a student leader and polished over a career as a successful and urbane courtroom lawyer, Arun Jaitley, India's new finance minister, could prove an effective foil for Prime Minister Narendra Modi.

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Egypt economy growth seen less strong than thought

Egypt's newly-appointed finance minister said on Wednesday that political instability would cause the economy to grow more slowly this year than earlier official forecasts showed, with the budget deficit also bigger than thought.

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Turkey may hold IPO for toll roads, bridges in 2014

Turkey will not privatise its toll roads and bridges this year but may hold an initial public offering for them in 2014, Finance Minister Mehmet Simsek told Turkey's CNBC-e television on Wednesday. A $5.7 billion tender for th

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Egypt's new finance minister faces daunting task

Egypt's new finance minister is a US-educated economist who will need all his training to help pull his country out of an acute financial crisis aggravated by renewed political turmoil.   Ahmed Galal, managin

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QNB names finance minister as chairman

Qatar National Bank has appointed the country's finance minister, Ali Shareef al-Emadi, as chairman of its board of directors, the country’s largest lender said in a statement on Sunday. Emadi was previously QNB's ch

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Oman mulls first dollar bond in 17 years

Oman is considering whether to issue a US dollar-denominated sovereign bond, its first international bond since 1997 and its second ever, to facilitate debt sales by its private sector, finance minister Darwish al-Balushi told Reuters.

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Former Egypt finance minister gets life sentence

Former Egyptian finance minister Youssef Boutros-Ghali was sentenced in absentia to life in prison in a corruption case on Tuesday, a Cairo criminal court source said. Boutros-Ghali, whose uncle Boutros Boutros-Ghali was U.N. secr

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