Finance Ministry

Cigarette traders set tariff over government price confusion
Egypt

Cigarette traders set tariff over government price confusion

A state of confusion is currently dominating the cigarette market after the Finance Ministry had, reportedly, gone back on the…
Finance Ministry: Egypt to issue $1.5 billion Eurobond in April
Egypt

Finance Ministry: Egypt to issue $1.5 billion Eurobond in April

 Egypt plans to issue a $1.5 billion Eurobond in April and hopes to return regularly to international capital markets in…
Paper: Finance Ministry disburses LE275 million to state-owned newspapers
Business

Paper: Finance Ministry disburses LE275 million to state-owned newspapers

The Ministry of Finance disbursed few weeks ago LE275 million to state-owned newspapers to cover needed expenses, Finance Minister Hany…
Finance Ministry seeks US$10.4 billion loan from IMF
Business

Finance Ministry seeks US$10.4 billion loan from IMF

An informed governmental source said Finance Minister Hani Qadri Demian will try to convince the Cabinet to resume negotiations with…
Finance Ministry: Egypt to receive $3 bn of Saudi petrol aid
Business

Finance Ministry: Egypt to receive $3 bn of Saudi petrol aid

  Sami Khallaf, finance ministry adviser and head of the ministry’s public debt unit, said the government will receive in the…
Finance Minister says LE36 billion to be saved after applying the smart card system
Egypt

Finance Minister says LE36 billion to be saved after applying the smart card system

Nagui al-Ashqar, head of the Finance Ministry’s technical office, said that a smart card system for subsidizing petroleum substances would…
Finance Ministry starts procedures to apply minimum wage increase in January
Egypt

Finance Ministry starts procedures to apply minimum wage increase in January

The Finance Ministry has begun procedures implementing the minimum wage increase. The ministry will draft a statement in accordance with…
Petroleum minister denies crisis over repayment of debts
Business

Petroleum minister denies crisis over repayment of debts

Minister of Petroleum and Mineral Resources Sherif Ismail denied in a press statement on Tuesday that international oil companies operating in…
Egypt to use Gulf billions to spur economy
Business

Egypt to use Gulf billions to spur economy

Egypt plans to avoid raising taxes or cutting spending but instead use billions of dollars in aid pledged by Gulf…
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