Property tax exemption for primary residences raised to LE 8 million: Finance Minister
Economy
March 20, 2026
Property tax exemption for primary residences raised to LE 8 million: Finance Minister
Minister of Finance Ahmed Kouchouk has announced a suite of unprecedented tax facilities and incentives designed to alleviate financial pressures…
Egypt’s appliance prices skyrocket 200% amid currency volatility: Experts
Economy
March 13, 2026
Egypt’s appliance prices skyrocket 200% amid currency volatility: Experts
The Egyptian Tax Experts Association has issued an urgent warning regarding the unsustainable surge in home appliance prices, noting that…
Egypt secures $2.3 billion from International Monetary Fund
Business
February 27, 2026
Egypt secures $2.3 billion from International Monetary Fund
The International Monetary Fund (IMF) Executive Board has officially approved the combined fifth and sixth reviews of Egypt’s economic program,…
Combating deficit, Finance Ministry proposes raise on gov’t service prices
Business
August 14, 2016
Combating deficit, Finance Ministry proposes raise on gov’t service prices
Egypt is mulling raising the prices of some 14 government services to generate additional revenue for the state budget, a…
Government to auction off official gifts
Egypt
June 13, 2013
Government to auction off official gifts
The Ministry of Finance will next week hold a landmark public auction to sell off gifts state officials received from…
Central Bank offers US$800 million in exceptional auction
Business
May 22, 2013
Central Bank offers US$800 million in exceptional auction
On Wednesday, the Central Bank of Egypt conducted an US$800 million exceptional auction, its second in the last two months,…
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…
Egypt rules out negative impact on Suez Canal from Israeli railway project
Business
February 7, 2012
Egypt rules out negative impact on Suez Canal from Israeli railway project
Abdel Tawab Haggag, economic advisor to the Suez Canal Authority, on Tuesday ruled out any negative effects on the canal…
Government devises new economic reform program
Business
January 29, 2012
Government devises new economic reform program
The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…
Central Bank denies holding $9 billion in secret Mubarak accounts
Business
January 12, 2012
Central Bank denies holding $9 billion in secret Mubarak accounts
Egypt's Central bank denied on Thursday that ousted Egyptian President Hosni Mubarak has US$9 billion deposited there. Former deputy head…