Ministry of Finance

MoF issues LE14 bn bond to boost pensions
Business

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

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

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

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

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

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

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

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

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…
Egypt cancels 5% wealth tax ahead of EEDC
Business

Egypt cancels 5% wealth tax ahead of EEDC

                         Egypt is cancelling a 5 percent tax on…
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