Finance Ministry

Finance Ministry: State revenues up, but so is inflation
Business

Finance Ministry: State revenues up, but so is inflation

State revenues jumped by 31 percent during the first half of the fiscal year 2012/2013, reaching LE153 billion as compared…
Financial adviser: Multinational banks offer support for Islamic bonds
Business

Financial adviser: Multinational banks offer support for Islamic bonds

Multinational banks such as Citibank, Credit Agricole and the Islamic Development Bank expressed willingness to provide support to Egypt in…
Cabinet approves Islamic bonds draft law
Business

Cabinet approves Islamic bonds draft law

The Cabinet approved a draft law on Islamic bonds after it was approved by other institutions, Finance Minister Morsy Hegazy…
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…
Finance minister hopes to grow foreign reserves by mid-year
Business

Finance minister hopes to grow foreign reserves by mid-year

As the value of the pound falls and the country struggles to deal with a foreign currency shortfall, Planning and…
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…
FJP: Finance Ministry policies embarrass the govt.
Egypt

FJP: Finance Ministry policies embarrass the govt.

The Freedom and Justice Party (FJP) sharply attacked the Finance Ministry for pursuing policies that it says are harmful to…
Morsy issues broad tax increases, including energy, soft drinks, cigarettes, alcohol
Business

Morsy issues broad tax increases, including energy, soft drinks, cigarettes, alcohol

New public tax laws on a broad array of products and services were technically entered into force on Friday, as…
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