Beesan Kassab

Jul 17, 2024 | madamasr.com | Beesan Kassab

Following the Monday arrest of a Warraq resident, dozens of fellow inhabitants of the Nile island held a half-hour protest late on Tuesday night, according to a source who attended the protest and spoke to Mada Masr on condition of anonymity. Protesters gathered in an area facing the entrance to a government real estate project on the island, guarded by police forces from within.

Apr 18, 2024 | madamasr.com | Beesan Kassab

Forty-seven percent of expenditure in the coming fiscal year’s budget is set aside for the government to pay interest on borrowing, according to the preliminary budget statement published by the Finance Ministry on Tuesday.  Expenditure on interest in the budget covers interest payments to which the government is committed on any borrowing it has undertaken to finance the budget deficit — borrowing from international organizations, or through local or international treasury bonds and bills.

Apr 5, 2024 | worldcrunch.com | Beesan Kassab |Spencer Hooker |Cory Agathe

EconomyWorkers and volunteers work to prepare free food boxes at the Egyptian Food Bank in Cairo, Egypt. Ahmed Gomaa/Xinhua/ZUMAEconomyWorkers and volunteers work to prepare free food boxes at the Egyptian Food Bank in Cairo, Egypt. Ahmed Gomaa/Xinhua/ZUMAYou've reached your limit of free articles. To read the full story, start your free trial today. Get unlimited access. Cancel anytime. Exclusive coverage from the world's top sources, in English for the first time.

Apr 3, 2024 | madamasr.com | Beesan Kassab

Every year, millions of donated food boxes, known as “Ramadan cartons,” are distributed across Egypt throughout the month, circulated from individuals to small charitable organizations to large entities, including government bodies. Ramadan boxes represent the informal social version of in-kind support, after government-provided in-kind support was replaced by cash transfers in 2014 in line with the adoption of austerity policies.

Mar 12, 2024 | madamasr.com | Beesan Kassab

A new law approved by Parliament on Sunday is intended, in name at least, to incorporate Egypt’s economic agencies — bodies which are currently able to operate with partial financial autonomy — into the state general budget. The legislation, submitted to Parliament at the end of February, entails a restructuring of budgetary practice and will see state finances edge closer to criteria determined by the International Monetary Fund.