Finance Ministry
Egypt financial situation shows positive signs, ministry says
Egypt
July 4, 2013
Egypt financial situation shows positive signs, ministry says
The Egyptian Finance Ministry said on Thursday the country's financial situation is showing positive signs. The ministry in a Thursday…
Bankers debate financing Egypt’s widening budget deficit
Business
April 14, 2013
Bankers debate financing Egypt’s widening budget deficit
Egypt’s budget deficit reached about LE146.5 billion in the first eight months of fiscal year 2012/13, equaling 8.2 percent of…
Budget deficit climbs to LE146.5 bln
Business
March 28, 2013
Budget deficit climbs to LE146.5 bln
The national budget deficit jumped to LE146.5 billion from July 2012 to February 2013, a rise that is equivalent…
Govt investigating how to continue funding energy subsidies
Business
March 14, 2013
Govt investigating how to continue funding energy subsidies
Finance Ministry officials and representatives from the General Petroleum Corporation are currently discussing the amount of funding required to continue…
Website: Egypt may consider urgent IMF loan
Business
March 8, 2013
Website: Egypt may consider urgent IMF loan
A senior Finance Ministry official has reportedly said the government may consider next week an International Monetary Fund offer to…
Proposal to rent Egypt monuments refused
Archaeology
February 28, 2013
Proposal to rent Egypt monuments refused
The Finance Ministry's recent proposal to rent out the country’s key monuments, including the pyramids in Giza, to fund the…
Authority waiting for tax reform green light
Business
February 19, 2013
Authority waiting for tax reform green light
Egyptian Tax Authority President Mamdouh Omar is waiting for the green light to impose tax increases President Mohamed Morsy suspended…
Official: Funds allocated to diesel subsidies have run out
Business
February 15, 2013
Official: Funds allocated to diesel subsidies have run out
The Finance Ministry has said that funds allocated by the government for diesel fuel subsidies have run out for the…
Finance Ministry offers LE5.5 bn in treasury bills
Business
February 10, 2013
Finance Ministry offers LE5.5 bn in treasury bills
The Finance Ministry announced an offering of treasury bills worth LE5.5 billion Sunday, in the government's newest move to abate…
Economics researcher accuses finance minister of plagiarism
Egypt
February 5, 2013
Economics researcher accuses finance minister of plagiarism
An economics researcher has accused Finance Minister Morsy Hegazy of stealing entire sections of his own work and merging them…