Latest in Tag: finance minister Highlight
Latest in Tag: finance minister
HSBC, JP Morgan, Morgan Stanley, Citibank, NBAD to arrange Egypt’s next eurobond issuance
Five international banks were chosen to arrange Egypt’s dollar-denominated eurobond issuance on 5 January 2018. The institutions are HSBC, JP Morgan, Morgan Stanley, Citibank and the National Bank of Abu Dhabi (NBAD), Finance Minister Amr El-Garhy announced on Thursday. El-Garhy said the $4bn eurobond issuance will be at the end of January 2018, which is …
Finance minister meets with $280bn investment fund leaders to discuss further opportunities
Finance Minister Amr El-Garhy is scheduled to meet  on Thursday with leading investment fund leaders with total assets under management of $280bn discuss with them further opportunities, according to a press release. El-Garhy, who is in Washington, D.C, will attend annual meetings of the IMF and the World Bank and will discuss Egypt’s latest macroeconomic developments …
Egypt to tap debt market again as investor confidence grows, says Finance Minister            Â
Egypt finance minister Amr El Garhy said that the intention to tap debt market again is based on the growing confidence of investors in Egypt economy. El Garhy who was speaking on the sideline of Euro Money Conference kicked on Tuesday in the Egyptian capital Cairo. When the finance minister was asked about the funding …
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
IMF approves second tranche of $12bn loan, $1.25bn to be transferred within days finance ministerÂ
The executive board of the International Monetary Fund (IMF) has approved the disbursement of the second tranche of the $12bn loan and $1.25bn will be transferred within days, according to Finance Minister Amr El Garhy. El Garhy added that he is currently coordinating with the IMF to transfer the funds to the accounts of the …
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
El-Garhy to consult with Standard & Poor’s, Moody’s in Washington next week
Minister participates in IMF and World Bank meetings, meets major investment banks to review Egypt’s economic reforms
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 trancheÂ
Flotation, reduced subsidies increase growth to 6% in 2018: Finance MinisterÂ
Egypt’s debt tripled in recent years due to the problems experienced during the last 40 years, says Al-Garhy
Egypt raised $4bn from bond issuance with very strong demand: Finance Minister
Order books for the bonds exceeded $13.5bn; Egypt to receive amount by early February
25 committees start resolving tax disputes in the current week: finance minister
160,000 tax dispute cases will benefit from the privileges of tax dispute resolution law, says deputy minister
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.
Negotiations with IMF are fruitful, first portion to be provided before year’s end: Finance Minister
VAT in FY 2016/2017 will render the state EGP 20bn and EGP 32bn in FY 2017/2018
Parliament agrees with Finance Minister to pass VAT in exchange for imposing another tax
Elswedy is negotiating with the Industry Ministry to expedite allocating lands for free as well as their usufruct right
General Authority for Government Services achieves EGP 650m in auction earnings: authority head
37,000 feddans were recovered by the State Land Recovery Committee
57% of Egypt’s companies are isolated from banks’ finance: EIB chief economist
Despite the progress accomplished by the government, effort is still needed to facilitate more investors and the private sector, says minister
Amendments to bidding laws aim to reduce government expenses: finance minister
The recent amendments aim to curb government spending and promote economic development, says El-Garhy
EU recommends fines for Spain and Portugal over deficits
While faulting Madrid and Lisbon for failing to take necessary measures to bring their budgets within limits, the European Commission will leave it to EU finance ministers to decide if they deserve to be penalized.
Schäuble clings to ‘black zero’ fetish in German budget
Finance Minister Schäuble has presented Germany with another balanced budget to cement his reputation for austerity. But, with the country in need of social investment and interest rates low, isn’t it time to borrow?
German government endorses balanced budget policy
The German cabinet has thrown its weight behind Finance Minister Wolfgang Schäuble’s draft budget for next year and his financing plans up to 2020. The main message is no fresh borrowing will be needed.
Osborne plans could trigger EU tax war
British plans to considerably lower corporate tax have drawn first reactions from political leaders across the EU. Surely no one wants to be at a disadvantage when it comes to luring companies, or keeping them.
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
Britain to slash corporate tax after Brexit shock
Britain’s finance minister has announced plans to drastically reduce corporate tax in the nation, still reeling from the pro-Brexit vote. The measure is aimed at tempting businesses to stay in the country.
‘Only the UK can trigger Article 50,’ says George Osborne
In his first appearance since the UK voted to leave the EU, British Finance Minister George Osborne has sought to reassure financial markets. “No one should doubt our resolve to maintain fiscal stability,” Osborne said.
VAT draft law to be sent to parliament within days: Finance Minister
The goal is a simplified tax system for small businesses without additional burdens
Eurogroup chief sees no Greek debt deal without IMF
Ahead of a meeting of eurozone finance minister, the head of the group, Jeroen Dijsselbloem has said Greece’s latest bailout package would need the participation of the International Monetary Fund (IMF).
Economic growth of 5.2% in coming year realistic only with reform: Finance Minister
We will slow down the growth of expenditure items and increase revenue to control deficits and debt, said Al-Garhi
G7 at odds over how to spur sluggish growth
Differences over fiscal policy and reforms dominate the agenda of a G7 finance ministers meeting, with a “go-your-own-way” response to weak global growth being the likely result of the two-day gathering in Japan.