Govt raises social expenditure by 29%
Business
May 29, 2010
Govt raises social expenditure by 29%
The government has increased allocations to social services in the new fiscal year to LE213.2 billion, Minister of Finance Youssef…
Rules governing public-private sector participation to be released
Business
May 15, 2010
Rules governing public-private sector participation to be released
The Finance Ministry will begin preparing the executive rules of the law, which delineates how the private sector may participate…
New taxi program runs into difficulties
Business
May 4, 2010
New taxi program runs into difficulties
Finance Ministry officials say the ministry's project to encourage Egypt's taxi owners to replace their aging cabs with new automobiles…
Moody’s calls Egypt bonds ‘risky’
Business
April 27, 2010
Moody’s calls Egypt bonds ‘risky’
The international ratings agency Moody's, in a report released Monday, said that recently issued Egyptian government bonds will carry huge…
Boutros-Ghali calls for review of IMF mechanisms
Business
April 26, 2010
Boutros-Ghali calls for review of IMF mechanisms
Members of the International Monetary Fund (IMF) pledged to formulate sustainable financial policies at the closing session of their spring…
Finance Ministry to tax used cars sales
Business
April 21, 2010
Finance Ministry to tax used cars sales
A decision by Finance Minister Youssef Boutros-Ghali to impose a 10-percent profit tax on used automobile sales has drawn varying…
Tax Authority accuses govt of violating taxpayer rights
Business
April 16, 2010
Tax Authority accuses govt of violating taxpayer rights
An official report prepared by the Tax Authority accused the government of obstructing the establishment of the Supreme Tax Council,…
Med insurance bill delayed for lack of funds
Egypt
April 15, 2010
Med insurance bill delayed for lack of funds
Official sources said parliament will not discuss the new medical insurance bill during its current session, although the draft of…
CBE: FDI, remittances, exports fall in second quarter
Business
April 13, 2010
CBE: FDI, remittances, exports fall in second quarter
Foreign investment in Egypt fell by US$806 million in the second quarter of the current financial year, dropping to US$894…
Finance Ministry unveils revenue data
Business
April 3, 2010
Finance Ministry unveils revenue data
The Ministry of Finance announced a considerable decrease in total revenues and grants as a result of a 92 percent…