Finance Ministry
Finance Ministry: State revenues up, but so is inflation
Business
February 4, 2013
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
January 23, 2013
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
January 16, 2013
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
January 14, 2013
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
January 2, 2013
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
January 2, 2013
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
December 29, 2012
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
December 24, 2012
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
December 20, 2012
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
December 9, 2012
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…