Finance Ministry
Official: Egypt negotiates delaying foreign debt repayment
Business
December 6, 2012
Official: Egypt negotiates delaying foreign debt repayment
The Planning and International Cooperation Ministry is holding negotiations with creditor countries to delay an external debt payment of US$1…
Finance Ministry: LE500 million sold in bonds
Business
December 3, 2012
Finance Ministry: LE500 million sold in bonds
The Finance Ministry has sold LE500 million in 3-year treasury bonds (due to mature on 9 October 2015), it announced…
Govt prepares law on Islam-friendly bonds
Business
December 3, 2012
Govt prepares law on Islam-friendly bonds
The Egyptian Financial Supervisory Authority has said it is drafting a new law that would allow the use of sukuk,…
Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source
Egypt
November 22, 2012
Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source
The Finance Ministry will lift the subsidy on 95-octane gasoline in three days in a move that will bring savings…
Egypt to finalize IMF loan agreement in December, source says
Business
November 21, 2012
Egypt to finalize IMF loan agreement in December, source says
A leading member of the Egyptian team negotiating the terms of a US$4.8 billion International Monetary Fund loan said the…
Govt preparing law to regulate gifts received by former officials
Egypt
October 22, 2012
Govt preparing law to regulate gifts received by former officials
The government is preparing a draft law to regulate the handling of in-kind gifts presented to official Egyptian delegations, according…
Egypt scraps T-bill sale, seen as bid to keep rates low
Business
October 4, 2012
Egypt scraps T-bill sale, seen as bid to keep rates low
Egypt's Finance Ministry said it had cancelled an auction of LE3.5 billion (US$573.8 million) of treasury bills planned for Wednesday,…
Finance minister says budget deficit is LE170 billion
Business
October 3, 2012
Finance minister says budget deficit is LE170 billion
Finance Minister Momtaz al-Saeed said Wednesday that the budget deficit is currently LE170 billion, which is higher than the LE135…
Public debt swelled, IMF loan pivotal, says finance minister
Business
September 12, 2012
Public debt swelled, IMF loan pivotal, says finance minister
Finance Minister Momtaz al-Saeed told the Shura Council on Wednesday that Egypt is in desperate need of the International Monetary…