Momtaz al-Saeed
Permanent appointment of temporary laborers costs LE3 billion, says finance minister
Business
March 29, 2012
Permanent appointment of temporary laborers costs LE3 billion, says finance minister
Finance Minister Momtaz al-Saeed told Parliament’s Budget and Planning Committee on Thursday that devising permanent contracts for 400,000 temporary workers…
Finance Ministry withdraws LE1.3 billion from budget reserve
Business
March 18, 2012
Finance Ministry withdraws LE1.3 billion from budget reserve
The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the…
ElBaradei rejects reconciliation with Mubarak regime figures
Egypt
March 16, 2012
ElBaradei rejects reconciliation with Mubarak regime figures
Mohamed ElBaradei on Friday refused the finance minister's recent suggestion that the government may consider financial reconciliation with former members…
Thursday’s papers: ‘Lazoghly officer’ affair and a suicidal candidate
Egypt
March 15, 2012
Thursday’s papers: ‘Lazoghly officer’ affair and a suicidal candidate
While state-owned papers keep their focus on the ongoing “presidential election shenanigans” — according to Al-Akhbar’s front page — independent…
Government agrees on maximum wage law
Egypt
March 14, 2012
Government agrees on maximum wage law
Prime Minister Kamal al-Ganzouri’s Cabinet on Wednesday approved the proposed operational regulations for the application of the maximum wage law,…
Plan to save economy underway, says cabinet
Business
March 14, 2012
Plan to save economy underway, says cabinet
The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
Egypt says deficit not to exceed LE144 bn
Business
March 13, 2012
Egypt says deficit not to exceed LE144 bn
Egypt's finance minister denied a report published on Monday that the government had raised its budget deficit forecast for this…
US says it wants to engage with Egypt’s judiciary over NGOs issue
Egypt
March 10, 2012
US says it wants to engage with Egypt’s judiciary over NGOs issue
The US reiterated that it backs International Monetary Fund efforts to aid Egypt with more than US$3 billion, saying that…
Egypt to sell short-term dollar debt in March, report says
Business
February 21, 2012
Egypt to sell short-term dollar debt in March, report says
CAIRO — Egypt plans to offer US-dollar certificates of deposit to Egyptians living abroad at the beginning of March to…
Stock exchange at 7-month high as Egypt to accept US$3.2 bln IMF loan in March
Business
February 19, 2012
Stock exchange at 7-month high as Egypt to accept US$3.2 bln IMF loan in March
Egypt's stock exchange hit a seven-month high after the finance minister said it will sign a US$3.2 billion loan agreement…