Finance Ministry
Govt to offer citizens abroad US$2 bln in certificates of deposit
Egypt
February 22, 2012
Govt to offer citizens abroad US$2 bln in certificates of deposit
Egypt will offer its citizens living outside the country US$2 billion in three- and five-year certificates of deposit (CDs) within…
Central Bank sells more dollar T-bills than it sought
Business
February 21, 2012
Central Bank sells more dollar T-bills than it sought
The Central Bank of Egypt said it sold more one-year US-dollar-denominated treasury bills on Tuesday than it had sought and…
Egypt to sell short-term dollar debt in March, report says
Business
February 21, 2012
Egypt to sell short-term dollar debt in March, report says
CAIRO — Egypt plans to offer US-dollar certificates of deposit to Egyptians living abroad at the beginning of March to…
Four months of solitude: Beblawy book recalls frustrations in government
Business
February 20, 2012
Four months of solitude: Beblawy book recalls frustrations in government
Working in Egypt’s transitional government under the stewardship of the Supreme Council of the Armed Forces is no easy task,…
Finance minister: Egypt needs US$11bn for economic reform program
Business
February 10, 2012
Finance minister: Egypt needs US$11bn for economic reform program
Egypt will need about US$11 billion to finance an economic reform program over the next few years, said the finance…
Deficit in new budget exceeds LE140 bln
Business
February 7, 2012
Deficit in new budget exceeds LE140 bln
The total amount of resources in the new budget is estimated at LE350 billion and the deficit stands at LE141…
New finance minister promises more of the same
Business
December 8, 2011
New finance minister promises more of the same
Momtaz El-Said's appointment Wednesday makes him Egypt’s fourth finance minister this year, but brings with it little promise of new…
Petroleum authority’s financial problems require drastic solutions, says official
Business
November 10, 2011
Petroleum authority’s financial problems require drastic solutions, says official
A newly formed committee will help reform the General Petroleum Authority's financial structure and find drastic solutions for its mounting…
Egypt sells LE5 billion in T-bills, yields rise
Business
October 30, 2011
Egypt sells LE5 billion in T-bills, yields rise
Egypt's Central Bank sold LE5 billion (US$837.55 million) in domestic treasury bills on Sunday, the same amount it had offered,…
Government signs permanent contracts for 124,500 employees
Egypt
October 19, 2011
Government signs permanent contracts for 124,500 employees
The Egyptian government signed permanent job contracts for 124,500 employees over the past three months, Finance Minister Hazem al-Beblawy said…