Sources within the Ministry of Finance stated that no changes would be made to the country's minimum wage laws during the current fiscal year, due to the already high cost of wages currently being borne by the government. Egypt's current budget (...)
The government has recently entered into negotiations with investors in order to settle pending commercial and legal disputes, while bringing other cases in front of international arbitration centres.
Maged Shabita, legal advisor to the finance (...)
Banque Misr and the National Bank of Egypt (NBE) have reportedly subscribed to $200m in Egyptian government bonds, according to a source within the Ministry of Finance. This came as part of a $2.7bn bond package released by the Egyptian government (...)
Government spending allocated in Egypt's budget for financial year (FY) 2013-2014 is set to increase by 5%, to EGP 616bn compared to EGP 585bn for the current fiscal year.
An official from the Ministry of Finance said that decisions to alter the (...)
