Ministry of Finance
No new income tax: Cabinet
Egypt
November 25, 2022
No new income tax: Cabinet
The Cabinet’s Media Centre has denied as groundless reports on imposing a new increase on income tax. In a statement…
Egypt issues 60 billion Japanese yen in samurai bonds
Business
March 24, 2022
Egypt issues 60 billion Japanese yen in samurai bonds
Egypt issued Japanese samurai bonds in the Japanese market, at 60 billion Japanese yen, equivalent to US$500,000 billion, the Ministry…
Egyptian cabinet prepares bill to impose taxes on e-commerce
Business
May 24, 2021
Egyptian cabinet prepares bill to impose taxes on e-commerce
Sources familiar with the Ministry of Finance confirmed that a bill regarding taxes on e-commerce was recently referred by the…
President Sisi reviews Egypt’s economic performance from July 2020 to January 2021
Egypt
February 14, 2021
President Sisi reviews Egypt’s economic performance from July 2020 to January 2021
President Abdel Fattah al-Sisi on Saturday reviewed Egypt’s economic and financial performance indicators from July 2020 to January 2021. Sisi…
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
Business
June 7, 2020
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
The Egyptian government is set to receive its US$5.2 billion one-year International Monetary Fund (IMF) loan within the second half…
Egypt’s Ministry of Finance to issue LE3 bn payment to tourist establishments
Economy
May 11, 2020
Egypt’s Ministry of Finance to issue LE3 bn payment to tourist establishments
Egypt’s Ministry of Finance on Monday launched an initiative guaranteeing the payment of LE three billion to Egypt’s national banks…
Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget
Business
February 17, 2020
Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget
Egypt’s Finance Ministry said on Sunday that it would open up the new draft of the government’s 2020/2021 budget to…
As part of Egypt’s 2030 vision, Finance Ministry qualifies young leaders for leading jobs
Business
November 17, 2019
As part of Egypt’s 2030 vision, Finance Ministry qualifies young leaders for leading jobs
The Ministry of Finance’s sector heads are responsible for qualifying young cadres for leading jobs through teamwork, and making innovation…
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
Business
September 4, 2019
Egypt sees lower budget deficit, higher primary surplus in FY 2019/20
CAIRO, Sept 3 (Reuters) – Egypt is targeting a budget deficit of 7.2 percent this fiscal year, the finance minister…
Commodity prices to remain stable despite newly announced adherence to CBE dollar exchange rates: investors
Business
September 3, 2019
Commodity prices to remain stable despite newly announced adherence to CBE dollar exchange rates: investors
Egyptian traders and investors said on Tuesday that the prices of commodities will not change in the wake of the…