Mohsen Abdel Razeq
LE4.3 billion state-funded medical care for poor
Egypt
February 24, 2010
LE4.3 billion state-funded medical care for poor
State-funded medical treatment for the poor is a priority for the government, said Finance Minister Youssef Boutros-Ghali on Tuesday. Boutros-Ghali…
9 million real estate tax declarations received
Business
February 23, 2010
9 million real estate tax declarations received
The Egyptian Tax Authority has thus far received some nine million declarations under the new real estate tax system and…
Officials: FDI down 34.8%; tourism losses exceed LE1 billion
Business
February 21, 2010
Officials: FDI down 34.8%; tourism losses exceed LE1 billion
Total foreign investment in Egypt fell to LE2.6 billion in the first half of the 2009/10 fiscal year from LE4…
CBE: Foreign investment falls on year
Business
February 10, 2010
CBE: Foreign investment falls on year
Total foreign investment in Egypt in the first quarter of the 2009/2010 fiscal year fell to US$1.7 billion compared to…
Finance: Budget deficit at LE57.5 billion
Business
February 2, 2010
Finance: Budget deficit at LE57.5 billion
According to a Finance Ministry report issued Monday covering the first half of the 2009/2010 fiscal year, total government expenditure…
Boutrus-Ghali reviews real estate tax bill
Business
January 28, 2010
Boutrus-Ghali reviews real estate tax bill
Finance Minister Youssef Boutrus-Ghali met with advisers and officials of the tax authority Thursday to review his proposed real estate…
17,000 new taxis hit streets
Business
January 27, 2010
17,000 new taxis hit streets
Finance Minister Youssef Boutros-Ghali announced Wednesday that 17,000 new taxis had recently been delivered to their owners within the context…
Ministry source: No amendments to real estate tax bill
Business
January 13, 2010
Ministry source: No amendments to real estate tax bill
A source at the Finance Ministry has denied allegations that parliament had requested certain amendments to the real estate tax…
Dairy, beef prices surge
Business
January 4, 2010
Dairy, beef prices surge
Local prices for dairy products and sugar have recently risen by between 5 and 10 percent, while beef prices have…
Imported sugar exempted from custom fees
Business
January 3, 2010
Imported sugar exempted from custom fees
Custom authorities started enforcing yesterday a decision by Prime Minister Ahmed Nazif to exempt crude and refined sugar from custom…