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Business
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Economy
12/31/2024 6:48:32 PM
The total overall budget deficit decreased by EGP 92 billion (14.1 percent) to EGP 560.6 billion from July to November 2024/2025, down from EGP 652.7 billion during the same period in 2023/2024, according to the Ministry of Finance's monthly report published on Tuesday.
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Business
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Economy
11/28/2024 6:27:29 PM
Egypt’s tax revenue increased by 36.7 percent (EGP 174.2 billion), reaching EGP 648.3 billion from July to October in the fiscal year (FY) 2024/2025, compared to EGP 474 billion during the same period in FY2023/2024, according to a report published by the Ministry of Finance on Wednesday.
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Business
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Economy
10/31/2024 3:46:55 PM
The Ministry of Finance announced Thursday regulations for the EGP 50 billion tourism support initiative in a joint statement with the Ministry of Tourism and Antiquities.
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Business
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Economy
9/11/2024 12:00:00 PM
Minister of Finance Ahmed Kouchouk said his ministry's top priority is to rebuild trust between the tax authority and business community, during a dialogue with the business community organized by the American Chamber of Commerce in Egypt (AmCham).
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Egypt
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Politics
7/3/2024 12:18:00 AM
The Cairo-based Extra News reported names for new ministers in the new cabinet to be sworn in before President Abdel-Fattah El-Sisi on Wednesday.
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Business
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Economy
1/16/2024 12:40:38 PM
The Egyptian government is prioritizing the stimulation of investment, production, and exports in order to boost economic growth in the future, said Rasha Abdel-Aal, acting head of the Egyptian Tax Authority (ETA).
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Business
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Economy
1/14/2024 1:54:04 PM
The Egyptian government is expected to increase the minimum wage for government employees and pensions – currently stand at EGP 4,000 and EGP 1,300, respectively – within two months, Samir Sabry, Rapporteur of the Investment Committee at the National Dialogue, said on Saturday.
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World
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War in Ukraine
9/28/2023 2:32:05 PM
Russia is set to hike defense spending by almost 70 percent in 2024, a finance ministry document published Thursday showed, as Moscow pours resources into its full-scale offensive in Ukraine.
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Business
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Economy
9/11/2023 2:14:02 PM
Egypt's President Abdel-Fattah El-Sisi is scheduled to attend the inauguration of the Asian Infrastructure Investment Bank (AIIB) meetings, held on 25-26 September, in the Red Sea resort of Sharm El-Sheikh, Finance Minister Mohamed Maait stated on Monday.
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Business
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Economy
7/26/2023 12:27:46 PM
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices.
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World
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International
6/12/2023 1:16:58 PM
Switzerland's federal administration was under cyberattack on Monday, blocking access to the websites of several authorities and state-linked companies, the finance ministry said.
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World
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War in Ukraine
5/16/2023 9:32:09 PM
Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus' Finance Ministry said Tuesday.
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Business
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Economy
4/3/2023 3:01:51 PM
Egypt's Ministry of Finance has announced the details of the EGP 150 billion ($4.85 billion) social protection package that will increase salaries of public employees starting in April.
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Egypt
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Politics
3/12/2023 7:35:22 PM
Egypt’s finance ministry is currently putting the final touches on the new FY 2023/24 budget and will refer it to the House of Representatives in the last week of March, Yasser Omar, deputy chairman of the Egyptian House of Representatives' Budget Committee, said on Sunday.
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Business
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Economy
10/16/2022 6:56:58 PM
The Central Bank of Egypt (CBE) and the Ministry of Finance announced on Sunday that Egypt and the International Monetary Fund (IMF) have reached an agreement on the economic and structural policies and reforms for Egypt’s new IMF-backed economic reform programme.
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Business
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Economy
9/14/2022 2:33:28 PM
Egypt’s economy has tripled in size over the past six years despite the economic challenges, Minister of Finance Mohamed Maait told the Korean Ambassador in Egypt Hong Jin-wook on Wednesday during a meeting at the finance ministry headquarters in the presence of a delegation of Korean investors.
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Business
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Economy
9/5/2022 5:22:11 PM
Citi Bank announced that it will share its experience and best practices on climate finance with the finance ministry and other Egyptian ministries ahead of and during the upcoming COP27 to support the country efforts on climate change.
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Business
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Economy
8/28/2022 3:17:18 PM
Egypt's finance ministry urged swift payment of taxes and due fees ahead of the end of August deadline, to benefit from tax facilities offered under the law pardoning delay in payment.
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Business
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Economy
7/5/2022 4:00:59 PM
The prices of imported wheat and oil have hiked, which poses a burden on the state’s finances and budget, Minister of Finance Mohamed Maait said on Monday, asserting that the Ministry of Finance is managing the country’s financial matters under pressure.
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War in Ukraine
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Economy
6/23/2022 4:08:21 PM
Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.
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