Minister of Finance

Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact
Economy

Egypt’s Sisi issues decree to approve $2.7 billion IMF funding agreement for combating coronavirus impact

Egypt’s official gazette published on Thursday Presidential Decree no.177, which ratifies the US$2.7 billion funding agreement signed earlier this year…
Presidential initiative grants LE200 coupon for 64 mn Egyptians with ration cards
Egypt

Presidential initiative grants LE200 coupon for 64 mn Egyptians with ration cards

Approximately 64 million Egyptian citizens with ration cards will be granted an LE200 coupon as part of President Abdel Fattah…
Egypt’s growth rate soars among emerging countries: Minister
Business

Egypt’s growth rate soars among emerging countries: Minister

Egypt has achieved one of the highest growth rates among emerging countries during the 2018/2017 fiscal year, at 5.6 percent…
The sixth “CEOs Thoughts 2019” conference to be opened by state-owned enterprises: Finance Ministers
Business

The sixth “CEOs Thoughts 2019” conference to be opened by state-owned enterprises: Finance Ministers

Both Ministers of State-owned Enterprises and Finance are set to open the sixth “CEOs Thoughts 2019” conference entitled: “Challenges of…
Egyptian Finance Ministry drafting new tax law
Business

Egyptian Finance Ministry drafting new tax law

Egyptian Finance Minister Mohamed Maait said on Monday that his ministry has started drafting a new law on income tax…
Egypt’s inflation rate drops to 9.4 percent, GDP increases to 5.6 percent
Business

Egypt’s inflation rate drops to 9.4 percent, GDP increases to 5.6 percent

Egypt’s Minister of Finance Mohamed Maait said that the inflation rate dropped to 9.4 percent in July 2019 compared to 30…
Government to exempt EU cars from customs taxes in January: Ministry
Economy

Government to exempt EU cars from customs taxes in January: Ministry

Deputy Minister of Finance for Customs Affairs Magdy Abdel Aziz said on Tuesday that the government would exempt European cars…
Egypt keeps customs exchange rate at LE16 per US dollar for October
Business

Egypt keeps customs exchange rate at LE16 per US dollar for October

  Egypt’s Finance Minister Mohamed Maeet announced on Saturday that the exchange rate of the customs dollar will continue to…
Egypt’s building tax exemption raised to LE 24,000
Business

Egypt’s building tax exemption raised to LE 24,000

  In a new law, Minister of Finance Mohammed Moaet stated on Monday that the country’s tax exemption on buildings…
“Unemployment rates fell 2.3% in 3 years”: Finance Minister
Egypt

“Unemployment rates fell 2.3% in 3 years”: Finance Minister

Finance Minister Amr el-Garhy announced that the Egyptian economic reform program has yielded results, saying it decreased unemployment rates by…
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