Mohsen Abdel Razeq
Coinage pumped into local market to meet Ramadan liquidity demand
Business
September 5, 2010
Coinage pumped into local market to meet Ramadan liquidity demand
The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
Banks vie to fund Egypt’s first nuclear project
Business
August 30, 2010
Banks vie to fund Egypt’s first nuclear project
A number of local banks plan to amend their credit policies in order meet the requirements to finance Egypt’s first…
Public-private partnership regulations to be issued in September
Business
August 23, 2010
Public-private partnership regulations to be issued in September
The Finance Ministry's Public-Private Partnership (PPP) Central Unit has finalized draft regulations for proposed legislation governing partnerships between the public…
Russia vows to reschedule wheat shipments to Egypt despite export ban
Business
August 10, 2010
Russia vows to reschedule wheat shipments to Egypt despite export ban
The government on Tuesday declared that it was satisfied with an announcement by Russian Deputy Prime Minister Viktor Zubkov that…
Fiscal year 2009/2010: drop in revenue, increase in public spending
Business
July 31, 2010
Fiscal year 2009/2010: drop in revenue, increase in public spending
Egypt's general budget deficit has climbed to 8.3 percent of the gross domestic product in the fiscal year 2009/2010. The…
NIB owed LE8 billion by public firms, bank says
Business
July 20, 2010
NIB owed LE8 billion by public firms, bank says
Public-sector companies owe Egypt's National Investment Bank (NIB) approximately LE8 billion, according to a bank estimate. Meanwhile, a prominent government…
End near for NIB, hints Boutros-Ghali
Business
July 20, 2010
End near for NIB, hints Boutros-Ghali
The National Investment Bank (NIB) will "not be around much longer," according to Egyptian Finance Minister Youssef Boutros-Ghali.The minister's curt…
Finance Minister: No need to raise fuel prices
Business
July 19, 2010
Finance Minister: No need to raise fuel prices
Total proceeds from income and sales taxes reached LE148 billion during the fiscal year 2009/10, according to Finance Minister Youssef…
18 million more Egyptians to benefit from social insurance
Business
July 18, 2010
18 million more Egyptians to benefit from social insurance
The Ministry of Finance will expand the scope of social insurance to include an additional 18 million citizens and their…
Finance Minister: Pensioners already enjoying increases
Egypt
July 7, 2010
Finance Minister: Pensioners already enjoying increases
Finance Minister Youssef Boutros-Ghali announced that more than 700,000 Egyptians have so far claimed their pensions for July, following the…