Finance Ministry
Brotherhood begins work on ‘parallel’ state budget
Egypt
April 19, 2012
Brotherhood begins work on ‘parallel’ state budget
Finance Minister Momtaz al-Saeed has said that the ministry has yet to prepare a draft state budget for next fiscal year (2012-2013),…
Finance Ministry to offer LE2.5 bn in reopened bonds
Business
April 17, 2012
Finance Ministry to offer LE2.5 bn in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Tax authority workers protest to push out general’s wife
Egypt
March 20, 2012
Tax authority workers protest to push out general’s wife
Egyptian Tax Authority employees from several governorates continued on Wedensday to protest outside the authority’s main office in Cairo demanding…
ElBaradei rejects reconciliation with Mubarak regime figures
Egypt
March 16, 2012
ElBaradei rejects reconciliation with Mubarak regime figures
Mohamed ElBaradei on Friday refused the finance minister's recent suggestion that the government may consider financial reconciliation with former members…
Plan to save economy underway, says cabinet
Business
March 14, 2012
Plan to save economy underway, says cabinet
The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
Mubarak-era figures offer to trade wealth for settlement
Egypt
March 13, 2012
Mubarak-era figures offer to trade wealth for settlement
Finance Minister Momtaz al-Saeed said on Tuesday that some former regime officials currently detained in Tora Prison offered to relinquish…
Egypt says deficit not to exceed LE144 bn
Business
March 13, 2012
Egypt says deficit not to exceed LE144 bn
Egypt's finance minister denied a report published on Monday that the government had raised its budget deficit forecast for this…
Elections, employee bonuses raise budget deficit
Business
March 12, 2012
Elections, employee bonuses raise budget deficit
The Finance Ministry expects the state budget deficit for the fiscal year 2011/2012 to rise to LE150 billion because of…
Government to officially sign IMF loan agreement in March
Business
March 9, 2012
Government to officially sign IMF loan agreement in March
The government has officially agreed to sign a deal with the International Monetary Fund for a loan worth US$3.2 billion…
Egypt pursues fugitive finance minister
Egypt
February 23, 2012
Egypt pursues fugitive finance minister
The Egyptian foreign minister requested that his British counterpart extradite former Egyptian Finance Minister Youssef Boutros-Ghali, who fled to London…