Egyptian economy achieves GDP surplus in 2021/2022
- 05 May 2022 / News / 397 / Fares RAHAHLIA
CAIRO – 4 May 2022: The Egyptian economy has “proven itself” in the face of challenges in such flexibility that it achieved a 1.46 percent primary surplus of GDP during the fiscal year 2021/2022, according to the Cabinet.
The Information and Decision Support Center, which is affiliated with the Cabinet, said in a Tuesday statement that the volume of spending on public investments has increased by 30 percent, recording L.E.249.4 billion.
It added that spending on wages and compensation rose by 10.4 percent, and spending on education increased by 9.3 percent.
Meanwhile, there has been a 3.2 percent increase in spending on subsidized foods, and a 22.8 percent increase in spending on the health sector.
Morocco.. The Executive Board of the International Monetary Fund approves a loan worth $1.3 billion from the Resilience and Sustainability Fund
- 29 September 2023
Yesterday, Thursday, the Executive Board of the International Monetary Fund approved a loan worth $1.3 billion to Morocco from the Resilience and Sustainability Fund.The International Financial Corpor...
Morocco : OCP achieves a net profit of MAD 3.4 billion at the end of June
- 28 September 2023
The OCP group achieved a net profit of 3.4 billion dirhams (billion dirhams) in the first half of 2023 (H1-2023), according to a press release from the group on its financial results at the end of Jun...
Algeria, Amended finance law of 2023: Measures to combat tax evasion by multinational companies
- 27 September 2023
In order to fight more effectively against tax evasion in Algeria, on the part of large foreign companies, the 2023 amended finance bill makes significant changes to the provisions of the tax procedur...