Mohsen Abdel Razeq

Banking sources: Egypt to extend tenure of central bank chief
Business

Banking sources: Egypt to extend tenure of central bank chief

Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt…
Egyptian government considers IMF loan package again
Business

Egyptian government considers IMF loan package again

The Egyptian government is considering an International Monetary Fund (IMF) loan package that was rejected in the past, said Deputy…
Finance minister urges government to abide by state budget allocations
Business

Finance minister urges government to abide by state budget allocations

Finance Minister Hazem al-Biblawy on Tuesday urged the government to adhere to the allocations given in the state budget, and…
Finance minister: No budget allocations for public sector salary increases
Egypt

Finance minister: No budget allocations for public sector salary increases

The Finance Ministry is not involved in the Public Transport Authority (PTA) crisis and therefore there will be no budget…
Sources: CBE’s governor to be reinstated for one more year
Business

Sources: CBE’s governor to be reinstated for one more year

Egypt's ruling military council and the prime minister's cabinet are considering reinstating the Central Bank of Egypt governor and board…
Finance Ministry announces changes to its leadership
Egypt

Finance Ministry announces changes to its leadership

The Finance Ministry on Wednesday announced a number of changes in its leadership, involving the director of the finance minister’s…
Government considers doing away with gas subsidies
Business

Government considers doing away with gas subsidies

The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.
Finance minister: No more privatization or nationalization
Business

Finance minister: No more privatization or nationalization

The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…
Foreign direct investment falls by 75%
Business

Foreign direct investment falls by 75%

Foreign direct investment fell by 75.1 percent in the first quarter of 2011 compared to the last quarter of 2010,…
Minimum wage set at LE708 per month
Business

Minimum wage set at LE708 per month

The Ministry of Finance on Monday raised the minimum wage by 59 percent from LE444 to LE708 per month for…
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