Mohsen Abdel Razeq
Finance Ministry praises its five-year performance
Business
July 4, 2010
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
June 30, 2010
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
June 29, 2010
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
June 12, 2010
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
June 8, 2010
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
June 2, 2010
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
June 2, 2010
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
May 29, 2010
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
May 15, 2010
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
May 4, 2010
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…