Ministry of Finance

MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
Business

MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15

The Ministry of Finance issued treasury bills worth of LE235.5 billion during the third quarter of  financial year 2014-2015 (January-March),…
Finance Ministry denies reports on taxing Egyptian exports
Business

Finance Ministry denies reports on taxing Egyptian exports

The Finance Ministry has denied news reports about increasing custom fees on Egyptian potato exports. In a statement on Wednesday, the ministry…
Govt mulls custom cuts on imported renewable energy appliances
Egypt

Govt mulls custom cuts on imported renewable energy appliances

The Finance Ministry is considering slashing duties from the current 20 percent tax to as low as 2 percent on imported…
Finance Minister: Recent economic reforms solely Egypt’s decision
Business

Finance Minister: Recent economic reforms solely Egypt’s decision

Minister of Finance Hany Qadry Damian has admitted to Egypt’s absence from the world transparency rankings over the last three…
Maximum wage to be applied by end of July
Business

Maximum wage to be applied by end of July

The maximum wage, set at LE42,000 per month, is scheduled to come into effect by the end of July.  The law…
Finance minister predicts 11-12% budget deficit
Business

Finance minister predicts 11-12% budget deficit

Finance Minister Hany Qadry Damian raised predictions for the budget deficit during the fiscal year 2013-2014 to 11-12 percent. This prediction…
30% of Egypt’s first stimulus package has been spent
Business

30% of Egypt’s first stimulus package has been spent

After five months of adopting its first economic stimulus package, which amounted to LE29.6 billion, the interim government has expended…
Egypt debts in highest record in country’s history by 2013 end
Business

Egypt debts in highest record in country’s history by 2013 end

Egyptian debt has reached a new high record of LE1,865 billion at the end of December 2013, up from LE1,709…
Egypt expands economic stimulus plan
Business

Egypt expands economic stimulus plan

Egypt plans to spend around LE30 billion (US$4.36 billion) in a second stimulus package to be launched in January, 25…
Tourism Ministry checks legality of collecting donations from hotel guests
Egypt

Tourism Ministry checks legality of collecting donations from hotel guests

A source at the Finance Ministry said that the Ministries of Antiquities and Tourism is inquiring into the legality of…
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