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Minister of finance agrees to drop EGP 2.1m income tax owed by 150 clients
Minister of Finance Amr El-Garhy approved the decisions of the Egyptian Tax Authority’s higher committee for tax remission to drop 150 financiers’ dues of EGP 2.117m, according to a statement from the Ministry of Finance on Wednesday. The minister said that these decisions come in order to ease the burden of financiers and establish bridges …
Egypt achieving great development through strong, bold economic decisions: IMF
We will intervene in exchange rate market if prices become within unacceptable ranges, says CBE governor
Egypt to complete electronic state budget system within days: El-Garhy
Egyptian-French cooperation to implement new health insurance law, says minister of finance
Finance Ministry finalises simplified tax system for small business taxpayers
Ministry aims to reduce debt-to-GDP ratio from 41% in FY 2016/2017 to 35% by end-current FY, says El Garhy
Aim to raise EGX market capitalisation to 60% of GDP in 5 years: minister of finance
8 oil, industry, petrochemical, banks public companies will be IPO-ed in 18 months
Major European investment funds to inject cash in Egypt as economy recovers
Minster of Finance Amr El-Garhy meets with investors to discuss further opportunities
In Video: With black market gone, Egyptian pound stable: Finance Minister
Foreign investment in Egypt’s debt likely to hit $20bn in FY 2017/18: Finance Minister
El-Garhy expects headline inflation to hover around 15% by the end of next June
Egypt funding gap to hit $12-14bn in current and next fiscal year: Finance Minister
The government considers all options to bridge the gap
Government allocates EGP 75bn social security package to protect lower-income groups: El-Garhy
The package benefits owners of salaries, pensions, beneficiaries of Takaful and Karama, holders of ration cards
EGP 683.07bn total outstanding balances of local treasury bonds until late May 2017: El-Garhy
$14bn foreign bonds, including $10bn issued during the past 10 months
IMF delegation to review Egypt starting April 28: El-Garhy
IMF to complete their review of the programme in June this year, before releasing the 2nd tranche
Finance Ministry raises USD value at customs to EGP 17 starting Thursday
Importers will have to re-price their products according to the new value, prices may increase, says Alaa Ezz
Finance ministry working to reduce budget deficit to 3-4% by 2021: El-Garhy
Minister of Finance Amr El-Garhy said during a meeting of the American Egyptian Chamber (AmCham), that the ministry is working to reduce the budget’s deficit to 3-4% by the year 2021, adding that it’s one of the current challenges facing the government. In the meeting held on Sunday, the minister stated that the government has …
Flotation, reduced subsidies increase growth to 6% in 2018: Finance Minister
Egypt’s debt tripled in recent years due to the problems experienced during the last 40 years, says Al-Garhy
Egypt’s treasury bonds: high interest, but for what?
The government of President Abdel Fattah Al-Sisi promised to carry out a lot of economic reforms in the country, which require excessive effort and financing, as the president had mentioned many times during different speeches. The government has been asking for foreign help since Al-Sisi came to office, from Saudi Arabia, Kuwait, the United Arab …
Finance Minister announces terms of IMF loan agreement
Agreement includes passing bankruptcy law, and canceling fuel subsidies in 3-5 years
Government able to achieve targeted budget deficit: El-Garhy
We have not studied cancelling the tax on treasury bills and bonds yet, but all ideas will be discussed.
Taxes will not increase, methods for tax collection will be modified: Finance Minister
Rumours that taxes for citizens will increase are not true, only methods will change in order to fight tax evasion, says minister