A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the pound by 20 percent to stand at its real value, as the Central Bank continues to support the local currency by pumping...
Government sources said Monday that Prime Minister Kamal al-Ganzouri assigned the concerned ministers to provide a list of all state land that was bought by “men” of the former regime and the dissolved National Democratic Party, who...
Finance Minister Momtaz al-Saeed said on Tuesday that some former regime officials currently detained in Tora Prison offered to relinquish part of their wealth in return for the government dropping corruption lawsuits filed against them.
At a press...
A senior official has said that the government of Prime Minister Kamal al-Ganzouri would not tender its resignation because of the attack on it by members of Parliament.
MPs had called for withdrawing confidence from the government against the...
The government is fighting a battle against “interest groups” in order to supply citizens with butane gas, Egyptian Minister of Supply and Internal Trade Gouda Abdel Khaleq said on Tuesday.
The government has been accusing black market...
The Egyptian government is signing an agreement with the World Bank for a loan of US$200 million, Minister of Planning and International Cooperation Fayza Abouelnaga said at a press conference on Tuesday.
The minister explained that the loan would...
Egypt’s government has reached a settlement with certain Arab investors regarding state-owned land they purchased from the Egyptian government at low prices, Fayza Abouelnaga, the minister for international cooperation, said on Monday.
The...
The government on Wednesday approved amendments to the Presidential Elections Law. The amendments were proposed by the Advisory Council and sent to the Supreme Council of the Armed Forces (SCAF), which in turn sent it to the cabinet for approval....
Iraqi Housing Minister Mohamed al-Daragi has invited Prime Minister Kamal al-Ganzouri to visit Iraq and discuss ways of participationg in the country's development.
“We welcome Egyptian investors to help rebuild our country,” Daragi...
A Finance Ministry official has said that the government plans to reduce its spending in order to offset the state budget deficit. It vows to cease building new offices and only buy Egyptian products.
The plan aims to reduce the LE134 billion...