Finance Ministry

Egypt’s public debts rise fivefold over past five years
Economy

Egypt’s public debts rise fivefold over past five years

Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…
Saudi finance minister says on track to cut budget deficit to 7 percent of GDP
Middle East

Saudi finance minister says on track to cut budget deficit to 7 percent of GDP

Saudi Arabia is on track on to cut its budget deficit to 7 percent of gross domestic product this year,…
Tax revenues reach LE60 billion this year, Finance Ministry
Business

Tax revenues reach LE60 billion this year, Finance Ministry

Deputy Minister of Finance for taxation policies Amr al-Munir said tax revenues witnessed an increase after the implementation of the…
Cabinet denies increased cigarette prices
Egypt

Cabinet denies increased cigarette prices

The Information and Decision Support Center of the Cabinet denied reports of an increase in the prices of cigarettes and…
Social Solidarity Ministry to provide citizens with disabilities financial support
Economy

Social Solidarity Ministry to provide citizens with disabilities financial support

For the first time in Egypt, monetary support will be provided to people with disabilities, said Social Solidarity Minister Ghada…
Finance Ministry allocates LE2 bn to presidential, local council elections
Egypt

Finance Ministry allocates LE2 bn to presidential, local council elections

The Finance Ministry has allocated LE1 billion to the upcoming presidential election and LE1 billion to the local council elections…
LE1 billion grant to be disbursed through ration cards in Ramadan: Cabinet
Egypt

LE1 billion grant to be disbursed through ration cards in Ramadan: Cabinet

The Cabinet agreed to disburse a grant worth LE1 billion to ration card holders in the holy month of Ramadan,…
Finance Ministry to add 10% social allowance to workers’ salaries from May
Business

Finance Ministry to add 10% social allowance to workers’ salaries from May

The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders…
Deputy minister, 2 others detained over LE4 million bribe
Egypt

Deputy minister, 2 others detained over LE4 million bribe

The State Security Prosecution office ordered Tareq Farrag, the deputy finance minister for real estate tax affairs, along with two…
Parliament must approve 14 percent VAT rate: deputy minister
Business

Parliament must approve 14 percent VAT rate: deputy minister

Egypt's deputy finance minister for taxation polices, Amr al-Monier, has expressed fears that parliament may reduce the rate for Value-Added…
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