Fuel subsidies to be cut ‘gradually over five to seven years’: El-Beblawi
The announcement was made during a conference organised by the British Egyptian Business Association (BEBA) on 25 November.
Latest in Tag: Galal Highlight
Latest in Tag: Galal
Amendments in Egypt’s general budget
New amendments aim to accommodate latest economic and financial developments
Egypt’s government cancels tax returns on properties
The law will affect all new homeowners, who will pay a tax of 10% on the total value of their property.
Minister of Finance: Egypt’s government seeks to avoid austerity measures
Galal downplayed the importance of resuming talks with the International Monetary Fund (IMF) over the country’s pending $4.8bn loan, which the previous government under former president Mohamed Morsi had been pursuing since August 2012.
