Latest in Tag: Dimian Highlight
Latest in Tag: Dimian
Egypt to take part in G20 summit in Shanghai
Egypt will actively participate in discussions and endeavours conducted in G20 summit
Fitch affirms Egyptâs âBâ rating, Dimian responds that economy is âresilientâ
Introduction of VAT has been delayed, according to agency
International bonds issued in all markets, country minus guarantor: Dimian
Government received offers from abroad to finance Suez Canal project but opted to finance it domestically, say finance minster
Egypt expects to issue $1-$1.5bn international bonds in Q1 2015: Finance minister
Hani Kadry Dimian neither confirmed nor denied news that Egypt received $1bn in aid from Kuwait
Finance minister forms committees to receive appeals on property tax value
The number of members of the appeal committee will be reduced to three instead of five, ministry says
Discount and added tax for excess liquidity canceled: Minister of Finance
Government scraps “added” tax to provide excess liquidity to traders and to facilitate transactions. Estimated proceeds of the stock market and wealth tax is EGP 10bn
Decision on stock market tax is âfinal and irreversibleâ: Finance minister
Dimian estimates that proceeds to the treasury from the new tax will range from EGP 5 – EGP 6bn, but this will be linked to market performance.
Egypt energy subsidy bill to rise by 10-12% next year: Minister
Reuters – Egyptâs Finance Minister said on Sunday spending on energy subsidies next year will be 10-12% above the EGP 130bn ($18.66bn) budgeted for the current fiscal year, unless immediate reforms are made. Successive governments have stressed the importance of reducing energy subsidies, which account for more than 20% of state spending, but none have …
Egypt shoots for 3.4% GDP growth during next fiscal year
Gross domestic product grew by merely 1% during the first quarter of Fiscal Year 2013/2014