Govt raises social expenditure by 29%
Business

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

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

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

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

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

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

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

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

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

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…
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