Latest in Tag: finance ministry Highlight
Latest in Tag: finance ministry
Egypt’s Finance Ministry to issue EGP 222bn of T-bills, T-bonds in August
Egypt’s Ministry of Finance has revealed its intention to issue Treasury bills (T-bills) and Treasury bonds (T-bonds) worth EGP 222bn in August. The move comes as part of a larger plan that includes offering local debt instruments worth EGP 587bn to bridge the budget deficit, during the first quarter (Q1) of fiscal year (FY) 2021/22. …
Egypt’s Finance Ministry, Huawei discuss support for digital transformation
Huawei shows interest in developing its fields of work in Egypt
Egypt to offer T-bills, bonds worth EGP 247bn in June: Finance Ministry
20 bids for T-bills worth EGP 178bn, 13 bids for bonds worth EGP 69bn to be offered
Egypt’s Finance Ministry allocates EGP 11bn to buy local wheat
State places great importance on easing farmers’ burden as main pillar for providing basic needs of citizens, says Mohamed Maait
Financial institutions still positive about Egypt’s ability to handle COVID-19: Finance Ministry
S&P maintains Egypt’s credit rating in local, foreign currencies at ‘B’ level
Egypt’s Finance Ministry to issue T-bills, T-bonds worth total of EGP 198bn in May
Government’s plan includes 16 T-bills offerings worth EGP 142bn, 11 T-bonds offerings worth EGP 56bn
Egypt’s structural reforms eye economic gains without burdening citizens: Finance Ministry
Financial stability maintained to ensure sustainable growth, reduce deficit, debt
Finance Ministry eyes issuing sustainable development bonds
Mapping of most important industrial sector challenges being finalised, Trade Ministry eyes package of government decisions to stimulate Egyptian industry, says Nevine Gamea
Deadline for filing payroll tax declarations extended to end-March: Finance Ministry
The original deadline had been set for January 2021, however, directives were issued to extend the deadline for submission to the end of February 2021.
Finance Ministry to offer EGP 199.5bn worth T-bills, bonds in March
Total of 16 bids for T-bills worth EGP 142.5bn, 10 bids for bonds worth EGP 57bn
Cabinet approves transfer of Agrium’s stake in MOPCO to Finance Ministry to end dispute
The Canadian fertilizer company Nutrien’s (formerly Agrium) stake in Egypt’s Misr Fertilizer Production Company (MOPCO), estimated at 59.6m shares will be transferred to the Egyptian Ministry of Finance before the end of the year, in settlement of dispute between Agrium and MOPCO’s subsidiary, Egyptian Nitrogen Products Company (ENPC). According to the settlement agreement, Agrium will …
Egypt’s Finance Ministry assesses economic performance in 2020
According to the “Challenge and Achievement” report, if it had not been for the economic reform programme, the country would not have succeeded in containing the repercussions of the novel coronavirus (COVID-19) crisis and mitigating the severity of the global shock.
Finance Ministry to issue EGP 196.5bn worth T-bill, bond tenders in November
The offering comprises 16 tenders for T-bills worth EGP 158bn, and 10 tenders for bonds worth EGP 38.5bn.
Strong start for ‘participatory budgeting’ aimed at improving services: Finance Ministry
This is due to the commensurate great importance it attaches to improving public services in various governorates, and meeting the needs of citizens.
Egypt sells $750m in green bonds at 5.25% yield
Proceeds of green bonds will be used to finance expenditures related to environmentally friendly projects
e-government receipts rise 223% in 12 months: Finance Ministry
Maait also reviewed a report on the performance of the e-payment and collection system for government dues since its launch in May 2019.
Finance Ministry signs 35 agreements to settle export subsidy arrears: Maait
First tranche of subsidy arrears worth EGP 400m to be paid to export companies next month
Finance Ministry to integrate its electronic systems by June 2021: Maait
Ministry has made great strides in digital transformation, says Maait
New contract regulations guarantee financial rights within 30 days: Finance Ministry
The law, which also outlines executive regulations regarding these contracts, stipulates that contractors should receive their financial dues in under 30 days from the date of examination, acceptance, and approval.
Finance Ministry to offer EGP 185bn worth T-bills, bonds in July
Move is to fill chronic budget deficit during Q1 of FY 2020/21
Income Tax Law amendments address distortions in tax system: Finance Ministry
Amendments will also see improved tax brackets and across the board tax savings for all social segments
Individuals to submit tax returns electronically from January 2021: Finance Ministry
According to a ministry statement on Wednesday, the decision comes as part of amendments to some provisions of the executive regulations under the Income Tax Law.
Finance Ministry disburses EGP 3bn of export subsidy arrears in three months
Total of EGP 5.2bn provided to exporting companies from July 2019 to May 2020
Finance Ministry approves new customs facilities to stimulate investment
Customs Authority will grant “certified economic operator” label to those it deals with, says ministry statement
Finance Ministry to offer EGP 238bn worth T-Bills, bonds in June
20 T-Bill offerings worth EGP 203bn will be issued, along with 10 bond offerings worth EGP 34bn
Possible reduction in acceptable amounts on bills, bonds bids: Finance Ministry
Ministry looks to diversity funding sources to reduce cost of borrowing
Finance Ministry grants EgyptAir Holding Company EGP 2bn loan
EgyptAir and subsidiaries greatly impacted by halt in global air traffic, with revenues grinding to complete halt
IMF support for sectors most affected by COVID-19: Finance Ministry
In a statement on Thursday, Maait said the emergency support will help the government finance those sectors that have been most impacted, including the health sector, and enhance social protection programmes.
Finance Ministry to float EGP 186bn debt instruments in May
Government plans to offer EGP 610bn worth debt instruments in 4Q FY2020
Egypt’s Finance Ministry allocates EGP 3.8bn to health sector to counter COVID-19
EGP 4bn directed to meet basic food commodities needs, EGP 15bn to buy wheat from local farmers