Egypt current account deficit narrows to $13.2bln in July-March 2024/25
(Reporting by Ahmed Elimam and Tala Ramadan, Writing by Jaidaa Taha, Editing by Louise Heavens)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
8 minutes ago
- Zawya
Ethiopia: Ministry of Finance Launches First-Ever Issuance Calendar for Treasury (T)-Bills
As part of ongoing efforts to reform and modernize public finance management and to foster market-based deficit financing through domestic-currency Treasury bills and bonds market, the Ministry of Finance has published its first three-month Treasury-bill issuance calendar. This milestone supports the government's 'reset, reform, and relaunch' agenda, deepening the domestic debt market and improving transparency. By giving market participants clear visibility of upcoming auctions, the calendar enhances predictability and builds investor confidence. It also underscores the government's commitment to borrow domestically in ways that limit inflation and safeguard macroeconomic stability. The calendar embodies the shift toward a genuinely market-based approach to Treasury-bill issuance. This compliments the opening of the secondary market and the introduction of more competitive retail auctions open to a wider range of investors through the Ethiopian Securities Exchange. The Ministry of Finance will continue to build on this momentum by promoting openness, broadening investor participation, and aligning Ethiopia's debt-management practices with international best practice. Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.
Zawya
38 minutes ago
- Zawya
South Africa: National Assembly Adopts the 2025 Revenue Laws Amendment Bill
The National Assembly (NA) today approved the Revenue Laws Amendment Bill, which marks a significant step in the country's retirement reform agenda. The Bill proposes changes to several tax laws. It is categorised as a Money Bill, processed under Section 77 of the Constitution and follows extensive consultations led by the Standing Committee on Finance. The Bill is part of necessary legislative reforms to support the implementation of the two-pot retirement system, which aims to give individuals limited early access to a portion of their retirement savings while preserving the remainder for retirement. The system was implemented in September 2024, and the amendments will provide much-needed clarity for retirement fund members and administrators. The Bill, among other things, clarifies terms like "retirement annuity fund" within the broader legislative context, although some terminology issues will need to be addressed in future updates. The National Treasury published the draft bill in December 2024. This was followed by extensive public participation in Parliament's Standing Committee on Finance, where public input was received from June 2025 onwards. With the National Assembly's approval, the Bill will now be sent to the National Council of Provinces for further consideration. The full committee report (dated July 18, 2025) can be accessed using this link: Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
Zawya
3 hours ago
- Zawya
Egypt: Executives of Japan Food Solutions S.A.E. paid a courtesy call on the Ambassador
On 16 July 2025, Mr. Emad Said, Senior Managing Director of Japan Food Solutions (J.F.S.) S.A.E., paid a courtesy call on H.E. Mr. Thanawat Sirikul, Ambassador of Thailand to Egypt, at the Royal Thai Embassy. Mr. Emad reported on his visit to Thailand to attend the annual Thaifex 2025 to meet with Thai entrepreneurs with whom the Embassy had matched the company. In addition, both parties discussed opportunities and potential for business cooperation between Thai and Egyptian entrepreneurs in the future, especially in the areas of food security and supply chain. Both sides agreed that products that Thailand has the potential to increase exports to Egypt include seasoned poultry and halal products, as well as investment in the hospitality, wellness and spa businesses. Meanwhile, products that Egypt is increasingly interested in exporting to Thailand include strawberries, broccoli, dried fruits and concentrate fruit juices. In addition, J.F.S. is interested in exchanging knowledge on Thai edamame cultivation techniques. Distributed by APO Group on behalf of Royal Thai Embassy, Cairo, Egypt.
