Mohsen Abdel Razeq

Official disputes reports of Gulf aid to Egypt
Business

Official disputes reports of Gulf aid to Egypt

An anonymous government official said Egypt has not received the aid packages and loans reportedly agreed upon with Arab countries,…
Minimum wage reduced to LE684 in new state budget
Business

Minimum wage reduced to LE684 in new state budget

Field Marshal Mohamed Hussein Tantawy, head of the Supreme Council of the Armed Forces (SCAF), has endorsed the 2011/2012 state…
Govt to reduce petroleum subsidies
Business

Govt to reduce petroleum subsidies

The Petroleum and Solidarity and Social Justice ministries are scheduled to begin reducing petroleum product subsidies in July. The plan…
Banque du Caire negotiates US$2 bn loan for petroleum sector
Business

Banque du Caire negotiates US$2 bn loan for petroleum sector

Banque du Caire has started negotiations with Petroleum Export Limited to secure a US$2 billion loan to finance imports of…
Ministry of Finance: State budget was not amended
Business

Ministry of Finance: State budget was not amended

Sources at the Ministry of Finance said the Supreme Council of the Armed Forces did not amend any provisions of…
Finance minister: Saudi Arabia offers US$200 million in aid
Business

Finance minister: Saudi Arabia offers US$200 million in aid

Finance Minister Samir Radwan on Thursday said Saudi Arabia has offered the Egyptian government US$200 million in financial aid to…
No new government jobs for fresh graduates
Business

No new government jobs for fresh graduates

The Finance Ministry on Tuesday announced that the government will not be offering new jobs to fresh university graduates, a…
Documents implicate former finance minister in bonuses scam
Egypt

Documents implicate former finance minister in bonuses scam

Former Finance Minister Youssef Boutros-Ghali designated a special budget for paying ministry personnel bonuses and incentives in violation of the…
Finance ministry to present budget before end of March
Business

Finance ministry to present budget before end of March

The Finance Ministry has completed the projected state budget for the 2011/2012 fiscal year, and will present it to the…
Source puts Mubarak’s pension at LE2000
Egypt

Source puts Mubarak’s pension at LE2000

  An official source said ousted President Hosni Mubarak’s pension is LE2000 monthly, but added that his pension from the…
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