Egyptian Ministry of Finance

Central Bank seeks to buy gold from treasury to bolster foreign reserves
Business

Central Bank seeks to buy gold from treasury to bolster foreign reserves

An official source has confirmed that the Central Bank of Egypt (CBE) has called upon the Ministry of Finance to…
Egyptian treasury bill yields fall marginally at Sunday’s auction
Business

Egyptian treasury bill yields fall marginally at Sunday’s auction

Yields on Egypt's three and nine-month treasury bills fell slightly at Sunday's auction, data from the central bank showed. The average…
Egypt’s treasury bond yields rise at Monday’s auction
Business

Egypt’s treasury bond yields rise at Monday’s auction

Yields on Egypt's 18-month, three-year and seven-year treasury bonds rose at an auction on Monday, data from the Finance Ministry…
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop
Business

Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop

Yields on one-and-a-half-year and three-year treasury bonds rose while seven-year bonds dropped at an auction on Monday, data from the…
Govt rumored to be planning withdraw from its share in pension funding
Business

Govt rumored to be planning withdraw from its share in pension funding

In 2006, the Egyptian Government caused a stir regarding its plans to pay for pensions through official statements touting its…
Applying, withholding VAT both have positive outcomes: Center
Business

Applying, withholding VAT both have positive outcomes: Center

Ensuring transparency in enforcing the value added tax (VAT) can result in a wide tax base and an increase in…
Suez Canal commemorative coins issued before August end
Business

Suez Canal commemorative coins issued before August end

The Finance Ministry will issue commemorative coins before the end of this month celebrating the inauguration of the New Suez Canal, a…
Finance Ministry workers continue lobbying against civil service law
Egypt

Finance Ministry workers continue lobbying against civil service law

Independent unions of workers at the Finance Ministry’s Egyptian Tax Authority are continuing to lobby for more protests against the…
Official: Egypt considers 12-22% custom cuts on imported yarn
Business

Official: Egypt considers 12-22% custom cuts on imported yarn

Egypt is considering cuts to custom fees on yarn and raw fibers imports ranging between 12 and 22 percent, a…
Egypt cabinet reduces taxes on riches and corporations before EEDC
Business

Egypt cabinet reduces taxes on riches and corporations before EEDC

The Egyptian government has approved a decision to unify corporate income taxes at a maximum of 22.5 percent, Finance Minister Hany…
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