Mohsen Abdel Razeq
Experts demand reconsideration of income tax law
Business
March 4, 2011
Experts demand reconsideration of income tax law
Tax experts and officials called for the reconsideration of Egypt’s fixed income tax law (Law 91/2005), which was put in…
Former Egypt official transferred US$620 million from UK to Switzerland
Business
February 22, 2011
Former Egypt official transferred US$620 million from UK to Switzerland
Mohamed Mahsoub, secretary-general of the popular "Egyptian Front for Reclaiming the People’s Wealth," said the group had documents in its…
New Finance Minister: No change in Egypt’s economic policies
Business
February 13, 2011
New Finance Minister: No change in Egypt’s economic policies
Recently-appointed Finance Minister Samir Radwan said there would be "no change" in the economic policies pursued by his ministry.
CBE lengthens money-transfer period to prevent capital flight
Business
February 13, 2011
CBE lengthens money-transfer period to prevent capital flight
The Central Bank of Egypt (CBE) has lengthened the time period required for the transfer of large amounts of money…
Asian banks and companies compete to win Egypt nuclear tender
Business
January 22, 2011
Asian banks and companies compete to win Egypt nuclear tender
Korean and Japanese companies and banks announced that they will submit bids for the construction of the first nuclear power…
Minister: Egyptians burning themselves won’t spark revolution
Egypt
January 19, 2011
Minister: Egyptians burning themselves won’t spark revolution
Egyptian Finance Minister Youssef Boutros-Ghali on Wednesday said Egyptians setting themselves on fire would not spark a revolution, as happened…
Govt stands firm on truckers’ tax
Business
December 12, 2010
Govt stands firm on truckers’ tax
Sources from within the Egyptian Tax Authority ruled out the possibility of cancelling its recent decision to fine overloads and…
CBE provides training to Iraq central bank employees
Business
November 22, 2010
CBE provides training to Iraq central bank employees
With the stated aim of contributing to the reform of the Iraqi banking sector, the Central Bank of Egypt (CBE)'s…
Egyptian bank denies allegations of Iranian collusion
Business
November 21, 2010
Egyptian bank denies allegations of Iranian collusion
The Cairo-based Misr Iran Development Bank (MIDB) has denied allegations that it violated internationally-approved sanctions against Iran.
Bank official: CBE not behind Egypt pound surge against dollar
Business
November 7, 2010
Bank official: CBE not behind Egypt pound surge against dollar
The recent jump in the Egyptian pound's value against the US dollar was not caused by intervention on the part…