finance minister
Government cuts commodity prices as part of stimulus plan
Business
September 26, 2013
Government cuts commodity prices as part of stimulus plan
In light of current high inflation rates, which rose an alarming 0.7 percent, the interim government launched a new price…
Finance minister: Minimum wage rate could have unintended consequences
Business
September 21, 2013
Finance minister: Minimum wage rate could have unintended consequences
The new minimum wage increase announced by the Prime Minister Hazem al-Beblawy would require raising taxes and could cause unintended consequences to…
Egyptian economy better off than in June according to finance minister
Business
August 28, 2013
Egyptian economy better off than in June according to finance minister
Finance Minister Ahmed Galal has said Egypt's economic and financial situation has improved since June. Galal pointed to exchange rate stability,…
Egypt’s new finance minister plans stimulus, not austerity
Business
July 25, 2013
Egypt’s new finance minister plans stimulus, not austerity
Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by improving security…
Egypt’s new finance minister faces daunting task
Egypt
July 15, 2013
Egypt’s new finance minister faces daunting task
Egypt's new finance minister is a U.S.-educated economist who will need all his training to help pull his country out…
PM Beblawy: No issues regarding cabinet appointments
Egypt
July 11, 2013
PM Beblawy: No issues regarding cabinet appointments
Prime Minister Hazem al-Beblawy denied news reports that some political figures have declined to take up positions in the new…
Customs revenues hit LE14 billion, says finance minister
Business
June 17, 2013
Customs revenues hit LE14 billion, says finance minister
Finance Minister Fayyad Abdel Moneim said Monday that customs revenues hit LE14.15 billion between July 2012 and May 2013. LE1.019…
Government to auction off official gifts
Egypt
June 13, 2013
Government to auction off official gifts
The Ministry of Finance will next week hold a landmark public auction to sell off gifts state officials received from…
Egypt finance minister expects IMF loan before elections
Business
March 3, 2013
Egypt finance minister expects IMF loan before elections
Finance Minister Morsy Hegazy said Sunday he expected his government to reach an agreement with the International Monetary Fund on…
Cabinet approves Islamic bonds draft law
Business
January 16, 2013
Cabinet approves Islamic bonds draft law
The Cabinet approved a draft law on Islamic bonds after it was approved by other institutions, Finance Minister Morsy Hegazy…