Mohsen Abdel Razeq
Finance Ministry to have finished confiscating NDP property in 2 months
Egypt
January 2, 2012
Finance Ministry to have finished confiscating NDP property in 2 months
The Finance Ministry has announced that in two months, it will have finished confiscating real estate that belonged to the…
Govt issues bonds to stem decline of foreign reserves
Business
December 25, 2011
Govt issues bonds to stem decline of foreign reserves
The Finance Ministry recently offered treasury bills worth US$2.5 billion in an effort to improve cash flow and stem withdrawals…
Government to reduce spending in bid to offset budget deficit
Business
December 19, 2011
Government to reduce spending in bid to offset budget deficit
A Finance Ministry official has said that the government plans to reduce its spending in order to offset the state…
Government approves maximum wage draft law
Egypt
December 1, 2011
Government approves maximum wage draft law
The cabinet approved a maximum wage draft law in its last meeting, said Hazem Biblawy, former deputy prime minister of…
Government studies customs regulations to protect textile industry
Business
November 17, 2011
Government studies customs regulations to protect textile industry
The customs duty authority is meeting next week to revise tariffs and duties on textile products with a view to…
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Business
November 3, 2011
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Egypt's Central Bank lost US$2 billion from its international cash reserves in October, bringing its reserves down from $24.1 billion…
Egypt negotiating US$3 billion loan with IMF
Business
October 24, 2011
Egypt negotiating US$3 billion loan with IMF
A senior official at the Finance Ministry said on Monday that the Egyptian government is resuming negotiations with the International…
Government signs permanent contracts for 124,500 employees
Egypt
October 19, 2011
Government signs permanent contracts for 124,500 employees
The Egyptian government signed permanent job contracts for 124,500 employees over the past three months, Finance Minister Hazem al-Beblawy said…
Finance Ministry allocates LE11 billion for govt to buy local wheat
Business
October 14, 2011
Finance Ministry allocates LE11 billion for govt to buy local wheat
The Finance Ministry has allocated more than 11LE billion for other government ministries to buy wheat from farmers this fiscal…
Finance Minister Beblawy backtracks on pledged resignation
Egypt
October 12, 2011
Finance Minister Beblawy backtracks on pledged resignation
Egypt's Finance Minister Hazem al-Beblawy has told Al-Masry Al-Youm he will maintain his post after the ruling Supreme Council of…