Mohsen Abdel Razeq

Finance Ministry praises its five-year performance
Business

Finance Ministry praises its five-year performance

Finance Minister Youssef Boutros-Ghali said his ministry has managed to update the legislative system that governs the Egypt’s fiscal policies…
Pension increases to be disbursed Thursday
Business

Pension increases to be disbursed Thursday

Finance Minister Youssef Boutros-Ghali confirmed that the government would begin disbursing approved pension increases to approximately 3.7 million citizens, who…
Finance: Subsidies down 42% on year
Business

Finance: Subsidies down 42% on year

A Finance Ministry report issued Tuesday on the state budget account from July 2009 to May 2010 revealed a 6.3-percent…
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
Business

Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says

The Finance Ministry has announced a plan to pay for approximately LE8.7 billion increases in public expenditure starting July.Taxes on…
Govt banks struggle to diminish debt portfolios
Business

Govt banks struggle to diminish debt portfolios

Government banks are increasing efforts to cut down the size of customers' overdue debt portfolios and bridge the gap in…
YBG vows to settle public, private debts
Business

YBG vows to settle public, private debts

Finance Minister Youssef Boutros-Ghali announced on Wednesday that his ministry would settle its outstanding debts to insurance funds in both…
Exporters: Ain Sokhna port can’t meet demand
Business

Exporters: Ain Sokhna port can’t meet demand

Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of…
Govt raises social expenditure by 29%
Business

Govt raises social expenditure by 29%

The government has increased allocations to social services in the new fiscal year to LE213.2 billion, Minister of Finance Youssef…
Rules governing public-private sector participation to be released
Business

Rules governing public-private sector participation to be released

The Finance Ministry will begin preparing the executive rules of the law, which delineates how the private sector may participate…
New taxi program runs into difficulties
Business

New taxi program runs into difficulties

Finance Ministry officials say the ministry's project to encourage Egypt's taxi owners to replace their aging cabs with new automobiles…
Back to top button