Ministry of Finance
MoF issues LE14 bn bond to boost pensions
Business
July 28, 2015
MoF issues LE14 bn bond to boost pensions
Finance Minister Hany Qadry Dimian has issued two bonds through the public treasury, in order to finance the pensions of…
Trade unions lobbying fiercely against civil service law
Egypt
July 27, 2015
Trade unions lobbying fiercely against civil service law
Several trade unions are lobbying to bring down a law enacted in March which regulates appointment standards, payments, retirements and…
Finance ministry: Egypt revises draft 2015/16 budget to cut deficit to 8.9 % of GDP
Business
July 1, 2015
Finance ministry: Egypt revises draft 2015/16 budget to cut deficit to 8.9 % of GDP
Egypt amended again a draft budget for the 2015/2016 fiscal year and has cut the projected deficit to 8.9 percent…
Ministry of Finance provides LE900 million to boost security in North Sinai
Egypt
June 23, 2015
Ministry of Finance provides LE900 million to boost security in North Sinai
The Ministry of Finance agreed to provide LE 900 million for the Ministry of Defense to boost the operation of…
Finance Ministry: Cost of food imports down 31.5% in 5 months
Business
June 16, 2015
Finance Ministry: Cost of food imports down 31.5% in 5 months
The value of foodstuffs imported by Egypt has gone down by 31.5 percent in five months, the Egyptian Tax Authority…
Analysis: Finance Ministry yields to pressures on stock market tax
Business
May 19, 2015
Analysis: Finance Ministry yields to pressures on stock market tax
Finance Minister Hany Qadry Dimian has remained silent on his decision to impose a tax on stock market revenues.
Cancelled tax increases revenues by 20%
Business
March 31, 2015
Cancelled tax increases revenues by 20%
New data coming from the Egyptian Tax Authority shows that a recently-cancelled tax had raised tax revenues by 20 percent. The…
Finance Ministry: Concessions, toughened penalties in new customs law
Business
March 22, 2015
Finance Ministry: Concessions, toughened penalties in new customs law
Finance Minister Hani Qadri Dimian has said that proposed amendments to the current customs law would involve concessions, as well…
EFG Hermes predicts a US$6-8 bn funding gap in 2015-2017
Business
March 12, 2015
EFG Hermes predicts a US$6-8 bn funding gap in 2015-2017
One of the leading investment banks in the Arab World has predicted Egypt’s funding gap to hover between US$6-8 billion…