Finance Ministry

Egypt financial situation shows positive signs, ministry says
Egypt

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

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

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

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

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

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

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

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

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

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…
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