Momtaz al-Saeed

Finance minister predicts 11-12% budget deficit
Business

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…
New finance minister supports IMF loan, lacks government experience
Business

New finance minister supports IMF loan, lacks government experience

A public finance professor with an Islamic finance specialization, and no experience in government or politics, has been named the…
FJP slams central bank for dollar rise
Egypt

FJP slams central bank for dollar rise

The Freedom and Justice Party’s economic committee head Abdallah Shehata is blaming the Central Bank for the dollar's rise against…
State budget suffers incurable disease, says finance minister
Business

State budget suffers incurable disease, says finance minister

  The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
Finance Ministry: tax changes in January 2013
Egypt

Finance Ministry: tax changes in January 2013

Finance Minister Momtaz al-Saeed said changes to taxation, including the increased taxes on some goods, will be applied in January,…
New taxes will not affect lower income categories, govt claims
Business

New taxes will not affect lower income categories, govt claims

Finance Minister Momtaz al-Saeed said Monday that a planned set of tax amendments will not adversely affect people with low…
Egypt requests delay of IMF loan approval
Egypt

Egypt requests delay of IMF loan approval

Prime Minister Hesham Qandil confirmed that Egypt has requested from the International Monetary Fund a one-month delay in approval of…
FJP leader accuses Cabinet of undermining Morsy
Egypt

FJP leader accuses Cabinet of undermining Morsy

A prominent Freedom and Justice Party MP in the Shura Council on Sunday accused Prime Minister Hesham Qandil’s Cabinet of…
Egypt expects IMF decision within 10 days from talks
Business

Egypt expects IMF decision within 10 days from talks

The International Monetary Fund will make its final decision on Egypt's request for a US$4.2 million loan within 10 days…
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