Ministry of Finance
MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
Business
February 12, 2015
MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
The Ministry of Finance issued treasury bills worth of LE235.5 billion during the third quarter of financial year 2014-2015 (January-March),…
Finance Ministry denies reports on taxing Egyptian exports
Business
February 11, 2015
Finance Ministry denies reports on taxing Egyptian exports
The Finance Ministry has denied news reports about increasing custom fees on Egyptian potato exports. In a statement on Wednesday, the ministry…
Govt mulls custom cuts on imported renewable energy appliances
Egypt
December 18, 2014
Govt mulls custom cuts on imported renewable energy appliances
The Finance Ministry is considering slashing duties from the current 20 percent tax to as low as 2 percent on imported…
Finance Minister: Recent economic reforms solely Egypt’s decision
Business
October 2, 2014
Finance Minister: Recent economic reforms solely Egypt’s decision
Minister of Finance Hany Qadry Damian has admitted to Egypt’s absence from the world transparency rankings over the last three…
Maximum wage to be applied by end of July
Business
July 11, 2014
Maximum wage to be applied by end of July
The maximum wage, set at LE42,000 per month, is scheduled to come into effect by the end of July. The law…
Finance minister predicts 11-12% budget deficit
Business
March 8, 2014
Finance minister predicts 11-12% budget deficit
Finance Minister Hany Qadry Damian raised predictions for the budget deficit during the fiscal year 2013-2014 to 11-12 percent. This prediction…
30% of Egypt’s first stimulus package has been spent
Business
February 12, 2014
30% of Egypt’s first stimulus package has been spent
After five months of adopting its first economic stimulus package, which amounted to LE29.6 billion, the interim government has expended…
Egypt debts in highest record in country’s history by 2013 end
Business
February 12, 2014
Egypt debts in highest record in country’s history by 2013 end
Egyptian debt has reached a new high record of LE1,865 billion at the end of December 2013, up from LE1,709…
Egypt expands economic stimulus plan
Business
December 17, 2013
Egypt expands economic stimulus plan
Egypt plans to spend around LE30 billion (US$4.36 billion) in a second stimulus package to be launched in January, 25…
Tourism Ministry checks legality of collecting donations from hotel guests
Egypt
November 7, 2013
Tourism Ministry checks legality of collecting donations from hotel guests
A source at the Finance Ministry said that the Ministries of Antiquities and Tourism is inquiring into the legality of…