by Asharq Al-Awsat | Sep 8, 2017 | Business
London- Algeria’s government has approved draft amendments to a law aimed at securing new funding sources to cover budget deficits as it struggles to cope with a sharp fall in energy earnings. Amendments to the Money and Credit Law were endorsed at a cabinet meeting...
by Saeed Abdelrazek | Jul 20, 2017 | Business
Ankara- Turkey ran a budget deficit of 25.2 billion Turkish Liras (about $7 billion) during the first half of this year, in addition to $3.3 billion that were pumped by the government to stimulate the economy. The budget deficit in June stood at 13.7 billion liras...
by Heba El Koudsy | Feb 15, 2017 | Business
Washington- The Federal Reserve Chairwoman Janet Yellen on Tuesday left open the possibility of an interest-rate increase in 2017. She affirmed that the Fed is addressing some fiscal policies to tackle the budget deficit in the United States. In her semi-annual...
by Asharq Al-Awsat | Jun 30, 2014 | Business
Cairo, Reuters—Egypt’s cabinet has submitted a revised budget for the new fiscal year which starts on Tuesday, proposing a narrower deficit after President Abdel-Fattah El-Sisi rejected a previous draft because spending was too high, Finance Ministry spokesman...
by Asharq Al-Awsat | Aug 20, 2013 | Business
Cairo, Reuters—Egypt’s political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies is likely to prevent a financial collapse. Clashes between followers of deposed Islamist President Mohamed Mursi and security forces...
