Ministry of Finance

Parliament ratifies law jailing creators, administrators of ‘dangerous’ websites
Egypt

Parliament ratifies law jailing creators, administrators of ‘dangerous’ websites

Parliament’s Communication and Technology Committee ratified a law that jails anyone who creates, administrates or uses a website or a…
Egypt selling bonds worth 2 billion euros
Business

Egypt selling bonds worth 2 billion euros

Egypt is selling international bonds valued at 2 billion euros through two tranches, with maturities of eight and 12 years…
Govt’s public offering not limited to offered companies only: Finance Minister
Business

Govt’s public offering not limited to offered companies only: Finance Minister

Minister of Finance Amr al-Garhy said that the initial public offering (IPO) program for government companies placed on the stock exchange…
PM, Finance Ministry officials meet to discuss new budget
Economy

PM, Finance Ministry officials meet to discuss new budget

Prime Minister Sherif Ismail discussed economic indicators for the current fiscal year and the new budget for the 2018/2019 fiscal…
External debt is $79 bn, says Finance Minister after financial outlook improves
Business

External debt is $79 bn, says Finance Minister after financial outlook improves

Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
Egypt

Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Wednesday that the annual inflation rate declined by 0.2…
Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister
Egypt

Egypt to receive $2 billion as part of IMF loan in June or July: Deputy Finance Minister

Egypt will receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in June or…
Egypt’s budget 2017/2018 exceeds one trillion pounds
Egypt

Egypt’s budget 2017/2018 exceeds one trillion pounds

Egypt’s Finance Ministry completed the drafting of the state budget for the next fiscal year 2018/2017, amid extreme secrecy about…
Egypt’s yields on 91-day, 266-day T-bills jump at auction
Business

Egypt’s yields on 91-day, 266-day T-bills jump at auction

Yields on Egypt's three-month and nine-month treasury bills rose at an auction on Sunday, finance ministry data showed.The average yield…
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry
Business

Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry

The Ministry of Finance is working on amendments to laws regulating the issuance of Islamic bonds (sukuk) as a means…
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