Egypt's Ministry of Finance is issuing 182- and 357-day treasury bills valued at EGP 8 billion.
Ministry of Finance mentioned on its website that the 182-day treasury bills amounted to EGP 4 billion; while the 357-day treasury bills are valued at (...)
Mohamed Gouda, Head of the Economic Committee at the Freedom and Justice Party (FJP), said that the 30 June demonstrations would be peaceful and not to affect the Egyptian economy.
In exclusive statements to "Amwal Al Ghad", Gouda said the tourism (...)
The Gross Domestic Product (GDP) achieved remarkable improvement for Egypt, although the rates are slow, recording growth rates of 2.2% in the second quarter of the 2012-2013 fiscal year in comparison with growth rates of 0.4% at the same period of (...)
Egyptian Ministry of Finance intends to raise the treasury bills and bonds at value of EGP 60.5 billion next June against EGP 34.4 billion during the last period of the same year.
Ministry of Finance mentioned on its website that during June it will (...)
A decision of appointing Fouad Sayed Al Khayati as a chairman of the Egyptian Customs Authority, instead of Mohamed Al Salhay, was taken Wednesday morning by the Egyptian Prime Minister, Dr Hesham Kandil.
Fouad Sayyed Al Khayati, Head of the Central (...)
Dr Ashraf Al Araby, Egyptian Minister of Planning and International Cooperation, stated that the Egyptian government is planning to hit EGP 291 billion investments, 60% of these investment are targeted to be attracted from the private sector on the (...)
Egypt's Premier Dr Hesham Kandil said the current government is planning for offering 8-10 investment ventures in the framework of the partnership between the public and private sectors during 2013, at investment cost outstrips EGP 20 billion, in (...)
The Egyptian government is looking for an Egyptian partner for a Turkish firm, which is seeking to establish a factory for cement in Sinai nearby Maghara Coal Mine, said the Egyptian Minister of Industry, Eng Hatem Saleh. The share of Egyptian (...)
The Egyptian Customs Authority (ECA) will have a meeting today with some officials from the US embassy to Cairo to discuss several joint topics and to enhance the ways of cooperation between the two countries for fighting the tax evasion.
A reliable (...)
The Egyptian Minister of Finance, El-Morsi Hegazy, will hold a press conference to discuss the Sukuk project and its latest developments, besides the false news disseminated about renting out Egypt's antiquities, in the presence of Ahmed Al Naggar, (...)
The Egyptian Minister of Finance, El-Morsi Hegazy, withdrew today from the press conference, which was held by the ministry, because he has a meeting with the Prime Minister to discuss the economic reform program and the mechanisms of implementing (...)
Egyptian Tax Authority (ETA) received 300 thousand applications to work in 4500 jobs, which the authority announced about last December.
Mostafa Abdel Kader Ali, Head of the Central Department of International Tax Treaties at the Egyptian Tax (...)
The Egyptian Minister of Finance, El-Morsi Hegazy, has emphasized that the Egyptian economy is capable of overcoming the current fiscal crisis; calling on all the political and public powers to resolve their disputes and agree on a national reform (...)
Minister of Finance Momtaz al-Saeed has received a Kuwaiti delegation from the two Kuwaiti institutions of Liquidity House and Kuwait Finance House. The delegation is headed by Emad Yousef Al Monayea, Managing Director of Liquidity Management House, (...)
Abdel Hamed Nawar, Professor of Economics and Political Sciences, said the government needs to borrow $ 11 billion to meet the budget deficit; referring that the IMF loan is a good opportunity owning to its low interest. He added that the government (...)
Ashraf Al Araby, Minister of Planning and International Cooperation, said the state aims at doubling the national income in the coming 10 years through achieving real development rate annually reaches 7-7.5%.
He said further that the state targets (...)
Egypt's Minister of Investment, Osama Saleh, stated that at the end of 2012 that state's plan, which aims at presenting 15 projects via the system of partnership between the private and public sectors, will be announced. At the start of 2013 it will (...)
Osama Saleh, Minister of Investment, said the transitional period that the country lives is the most serious periods on the economic and political levels, therefore it needs the support of all sectors.
During "MENA Project Finance &PPP" conference, (...)
Administrative Prosecution Authority (APA) referred the case (72/2012) to the Central Auditing Organization (CAO) for study. The case concerns the payroll tax evasion of the sectors of the state's governmental apparatus.
This came due to the (...)
Hazem al-Beblawi, the ex-finance minister of Egypt, said the International Monetary Fund (IMF) will oblige the government to amend the tax policies and provide incentives to the investors, as well restructure the subsidy to power as a main condition (...)
Finance Minister Momtaz Al Saeed asserted that the aids of the Arab countries, KSA, Qatar, UAE and Kuwait, will help the economy. Egypt is awaiting the first disbursement of Qatari deposit, $ 500 million out of $2 billion that Qatar pledged to (...)
Ministers of environment, industry, agriculture, local development, electricity, investment and scientific research as well as representatives of the presidential team will inaugurate on Sunday the conference of mining renaissance association, (...)
Egypt's exports of ready-made garments to the USA, according to Qualifying Industrial Zone (QIZ), reached EGP 2.88 billion in H1 of 2012, dived by 4%, compared to EGP 3 billion last year.
Mohamed Kassem, Chairman of Ready-made Garments Exports (...)
Egypt's textile exports reached EGP 2.4 billion in June 2012, slumped by 16%, compared to the same period of 2011 which reached EGP 2.9 billion.
Textile Exports Council (TEC) made a report shows that the exports to the EU have amounted to EGP 813 (...)
The volume of exchange between Egypt and Arab countries reached EGP 36 billion by the end of June, 2012. Egypt achieved the highest surplus to the balance of trade, compared to other clusters which reached EGP 16.6 billion; to exceed the surplus of (...)