Mohsen Abdel Razeq

Experts demand reconsideration of income tax law
Business

Experts demand reconsideration of income tax law

Tax experts and officials called for the reconsideration of Egypt’s fixed income tax law (Law 91/2005), which was put in…
Former Egypt official transferred US$620 million from UK to Switzerland
Business

Former Egypt official transferred US$620 million from UK to Switzerland

Mohamed Mahsoub, secretary-general of the popular "Egyptian Front for Reclaiming the People’s Wealth," said the group had documents in its…
New Finance Minister: No change in Egypt’s economic policies
Business

New Finance Minister: No change in Egypt’s economic policies

Recently-appointed Finance Minister Samir Radwan said there would be "no change" in the economic policies pursued by his ministry.
CBE lengthens money-transfer period to prevent capital flight
Business

CBE lengthens money-transfer period to prevent capital flight

The Central Bank of Egypt (CBE) has lengthened the time period required for the transfer of large amounts of money…
Asian banks and companies compete to win Egypt nuclear tender
Business

Asian banks and companies compete to win Egypt nuclear tender

Korean and Japanese companies and banks announced that they will submit bids for the construction of the first nuclear power…
Minister: Egyptians burning themselves won’t spark revolution
Egypt

Minister: Egyptians burning themselves won’t spark revolution

Egyptian Finance Minister Youssef Boutros-Ghali on Wednesday said Egyptians setting themselves on fire would not spark a revolution, as happened…
Govt stands firm on truckers’ tax
Business

Govt stands firm on truckers’ tax

Sources from within the Egyptian Tax Authority ruled out the possibility of cancelling its recent decision to fine overloads and…
CBE provides training to Iraq central bank employees
Business

CBE provides training to Iraq central bank employees

With the stated aim of contributing to the reform of the Iraqi banking sector, the Central Bank of Egypt (CBE)'s…
Egyptian bank denies allegations of Iranian collusion
Business

Egyptian bank denies allegations of Iranian collusion

The Cairo-based Misr Iran Development Bank (MIDB) has denied allegations that it violated internationally-approved sanctions against Iran.
Bank official: CBE not behind Egypt pound surge against dollar
Business

Bank official: CBE not behind Egypt pound surge against dollar

The recent jump in the Egyptian pound's value against the US dollar was not caused by intervention on the part…
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