Finance Ministry

Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance
Business

Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance

Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
Price increase on govt services will quickly follow VAT law: Finance Ministry
Business

Price increase on govt services will quickly follow VAT law: Finance Ministry

The Egyptian government has said it will announce details of increased prices of certain public services as soon as the…
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business

Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
Egypt’s cabinet approves draft tax settlement bill amid IMF talks
Business

Egypt’s cabinet approves draft tax settlement bill amid IMF talks

Egypt's government approved a draft bill that would settle tax disputes, the cabinet said in a statement on Wednesday, a…
Negotiations for $12 bn IMF loan going smoothly: finance minister
Business

Negotiations for $12 bn IMF loan going smoothly: finance minister

Finance Minister Amr al-Garhy has announced that talks with an International Monetary Fund delegation, which is currently visiting Cairo, have…
State-owned oil, banking and electricity firms to be privatized: Investment Ministry
Business

State-owned oil, banking and electricity firms to be privatized: Investment Ministry

The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its…
IMF request fully floating Egyptian pound: senior gov’t official
Business

IMF request fully floating Egyptian pound: senior gov’t official

A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the…
Egypt participates for the first time in G20 finance ministers meeting in China
Business

Egypt participates for the first time in G20 finance ministers meeting in China

Egypt will participate in the G20 meeting of finance ministers and central bank governors for the first time on Friday…
Egyptian 3-month T-bill yields drop at auction, 9-month yields rise
Business

Egyptian 3-month T-bill yields drop at auction, 9-month yields rise

Yields on Egypt's three-month treasury bills dropped while those on its nine-month bills rose at Sunday's auction, data from the…
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry
Business

25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry

Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance…
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