CAIRO: The Egyptian Ministry of Finance will adopt an austerity policy in its financial plan for 2012-2013 by rationing subsidies and public spending. The Ministry demands that different ministries and authorities develop programs to execute the (...)
CAIRO: Egyptian Finance Minister Hazem al-Beblawy held a meeting with the Japanese ambassador to Cairo to discuss economic cooperation between the two countries and Japanese aid to Egypt.
The Japanese ambassador said the aid offered to Egypt has (...)
Egyptian Minister of Finance, Hazem al-Beblawy, said achieving social justice is one of Egypt's main priorities during the current stage to ensure the growth of different economic sectors.
During his meeting with representative of the EU in the (...)
CAIRO: Information and Decision Support Center said the Egyptian consumers' confidence in Egypt's economic performance has been pessimistic. The income level of the Egyptian families reduced in July by 21.7 percent since June.
The report (...)
CAIRO: On the contrary of optimistic economic expectations raised in recent months, the businesses performance report, issued by the International Business Monitor, expected a decline in Egypt's economy in the long-term. The report attributed its (...)
CAIRO: Egypt's Tax department has not presented a draft law or a proposal to increase taxes on tobacco, said Mamhoud Omar, an official in the Ministry of Finance.
The statement comes shortly after the Minister of Health said the tax on tobacco (...)