Mohsen Abdel Razeq
Finance Minister Beblawy backtracks on pledged resignation
Egypt
October 12, 2011
Finance Minister Beblawy backtracks on pledged resignation
Egypt's Finance Minister Hazem al-Beblawy has told Al-Masry Al-Youm he will maintain his post after the ruling Supreme Council of…
Banking sources: Egypt to extend tenure of central bank chief
Business
October 9, 2011
Banking sources: Egypt to extend tenure of central bank chief
Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt…
Egyptian government considers IMF loan package again
Business
October 5, 2011
Egyptian government considers IMF loan package again
The Egyptian government is considering an International Monetary Fund (IMF) loan package that was rejected in the past, said Deputy…
Finance minister urges government to abide by state budget allocations
Business
October 4, 2011
Finance minister urges government to abide by state budget allocations
Finance Minister Hazem al-Biblawy on Tuesday urged the government to adhere to the allocations given in the state budget, and…
Finance minister: No budget allocations for public sector salary increases
Egypt
September 29, 2011
Finance minister: No budget allocations for public sector salary increases
The Finance Ministry is not involved in the Public Transport Authority (PTA) crisis and therefore there will be no budget…
Sources: CBE’s governor to be reinstated for one more year
Business
September 14, 2011
Sources: CBE’s governor to be reinstated for one more year
Egypt's ruling military council and the prime minister's cabinet are considering reinstating the Central Bank of Egypt governor and board…
Finance Ministry announces changes to its leadership
Egypt
August 17, 2011
Finance Ministry announces changes to its leadership
The Finance Ministry on Wednesday announced a number of changes in its leadership, involving the director of the finance minister’s…
Government considers doing away with gas subsidies
Business
August 8, 2011
Government considers doing away with gas subsidies
The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.
Finance minister: No more privatization or nationalization
Business
August 7, 2011
Finance minister: No more privatization or nationalization
The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…
Foreign direct investment falls by 75%
Business
July 27, 2011
Foreign direct investment falls by 75%
Foreign direct investment fell by 75.1 percent in the first quarter of 2011 compared to the last quarter of 2010,…
Minimum wage set at LE708 per month
Business
July 11, 2011
Minimum wage set at LE708 per month
The Ministry of Finance on Monday raised the minimum wage by 59 percent from LE444 to LE708 per month for…
Official disputes reports of Gulf aid to Egypt
Business
July 8, 2011
Official disputes reports of Gulf aid to Egypt
An anonymous government official said Egypt has not received the aid packages and loans reportedly agreed upon with Arab countries,…
Minimum wage reduced to LE684 in new state budget
Business
July 4, 2011
Minimum wage reduced to LE684 in new state budget
Field Marshal Mohamed Hussein Tantawy, head of the Supreme Council of the Armed Forces (SCAF), has endorsed the 2011/2012 state…
Govt to reduce petroleum subsidies
Business
July 1, 2011
Govt to reduce petroleum subsidies
The Petroleum and Solidarity and Social Justice ministries are scheduled to begin reducing petroleum product subsidies in July. The plan…
Banque du Caire negotiates US$2 bn loan for petroleum sector
Business
June 13, 2011
Banque du Caire negotiates US$2 bn loan for petroleum sector
Banque du Caire has started negotiations with Petroleum Export Limited to secure a US$2 billion loan to finance imports of…
Ministry of Finance: State budget was not amended
Business
June 9, 2011
Ministry of Finance: State budget was not amended
Sources at the Ministry of Finance said the Supreme Council of the Armed Forces did not amend any provisions of…
Finance minister: Saudi Arabia offers US$200 million in aid
Business
May 19, 2011
Finance minister: Saudi Arabia offers US$200 million in aid
Finance Minister Samir Radwan on Thursday said Saudi Arabia has offered the Egyptian government US$200 million in financial aid to…
No new government jobs for fresh graduates
Business
May 17, 2011
No new government jobs for fresh graduates
The Finance Ministry on Tuesday announced that the government will not be offering new jobs to fresh university graduates, a…
Documents implicate former finance minister in bonuses scam
Egypt
March 30, 2011
Documents implicate former finance minister in bonuses scam
Former Finance Minister Youssef Boutros-Ghali designated a special budget for paying ministry personnel bonuses and incentives in violation of the…
Finance ministry to present budget before end of March
Business
March 29, 2011
Finance ministry to present budget before end of March
The Finance Ministry has completed the projected state budget for the 2011/2012 fiscal year, and will present it to the…