Amr al-Garhy

Egypt govt to review new ‘social protection’ package
Economy

Egypt govt to review new ‘social protection’ package

Minister of Finance Amr al-Garhy stated on Sunday that the government will send the state budget to President Abdel Fattah…
Govt’s public offering not limited to offered companies only: Finance Minister
Business

Govt’s public offering not limited to offered companies only: Finance Minister

Minister of Finance Amr al-Garhy said that the initial public offering (IPO) program for government companies placed on the stock exchange…
Egypt govt seeks to reduce budget deficit to 9.5%
Economy

Egypt govt seeks to reduce budget deficit to 9.5%

Egyptian presidential spokesperson Bassam Rady said on Saturday that the government aims to reduce the total budget deficit to about…
No increase in fuel prices in current fiscal year: Finance minister
Business

No increase in fuel prices in current fiscal year: Finance minister

Finance Minister Amr al-Garhy denied that the government plans an increase in fuel prices during the current fiscal year, adding…
Egypt receives second IMF loan installment Tuesday
Business

Egypt receives second IMF loan installment Tuesday

Egypt received the second installment of the its International Monetary Fund (IMF) loan on Tuesday, the equivalent of $1.25 billion, said…
Minister expects inflation rates to decline in November
Business

Minister expects inflation rates to decline in November

Minister of Finance Amr al-Garhy expects inflation rates to decline later this year, in November and December, adding that the…
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business

Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
Negotiations for $12 bn IMF loan going smoothly: finance minister
Business

Negotiations for $12 bn IMF loan going smoothly: finance minister

Finance Minister Amr al-Garhy has announced that talks with an International Monetary Fund delegation, which is currently visiting Cairo, have…
Egypt to sell 20-30% stakes in state firms slated for IPO
Business

Egypt to sell 20-30% stakes in state firms slated for IPO

Egypt will sell stakes of between 20 and 30 percent in state companies that it decides to float on the…
State-owned oil, banking and electricity firms to be privatized: Investment Ministry
Business

State-owned oil, banking and electricity firms to be privatized: Investment Ministry

The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its…
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