Finance Minister: No need to raise fuel prices
Business
July 19, 2010
Finance Minister: No need to raise fuel prices
Total proceeds from income and sales taxes reached LE148 billion during the fiscal year 2009/10, according to Finance Minister Youssef…
18 million more Egyptians to benefit from social insurance
Business
July 18, 2010
18 million more Egyptians to benefit from social insurance
The Ministry of Finance will expand the scope of social insurance to include an additional 18 million citizens and their…
Finance Minister: Pensioners already enjoying increases
Egypt
July 7, 2010
Finance Minister: Pensioners already enjoying increases
Finance Minister Youssef Boutros-Ghali announced that more than 700,000 Egyptians have so far claimed their pensions for July, following the…
Finance Ministry praises its five-year performance
Business
July 4, 2010
Finance Ministry praises its five-year performance
Finance Minister Youssef Boutros-Ghali said his ministry has managed to update the legislative system that governs the Egypt’s fiscal policies…
Pension increases to be disbursed Thursday
Business
June 30, 2010
Pension increases to be disbursed Thursday
Finance Minister Youssef Boutros-Ghali confirmed that the government would begin disbursing approved pension increases to approximately 3.7 million citizens, who…
Finance: Subsidies down 42% on year
Business
June 29, 2010
Finance: Subsidies down 42% on year
A Finance Ministry report issued Tuesday on the state budget account from July 2009 to May 2010 revealed a 6.3-percent…
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
Business
June 12, 2010
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
The Finance Ministry has announced a plan to pay for approximately LE8.7 billion increases in public expenditure starting July.Taxes on…
Govt banks struggle to diminish debt portfolios
Business
June 8, 2010
Govt banks struggle to diminish debt portfolios
Government banks are increasing efforts to cut down the size of customers' overdue debt portfolios and bridge the gap in…
YBG vows to settle public, private debts
Business
June 2, 2010
YBG vows to settle public, private debts
Finance Minister Youssef Boutros-Ghali announced on Wednesday that his ministry would settle its outstanding debts to insurance funds in both…
Exporters: Ain Sokhna port can’t meet demand
Business
June 2, 2010
Exporters: Ain Sokhna port can’t meet demand
Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of…