Latest in Tag: Hany Kadry Dimian Highlight
Latest in Tag: Hany Kadry Dimian
Manufacturing grows and unemployment stabilises during FY 2013/2014: Planning ministry
Manufacturing industries achieved 8.3% growth during FY 2013/2014, up from 2.3% the previous FY
3 finance institutions request private sector project funding: Finance Minister
These institutions include the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB)
Government relying on economic reform to improve Egyptiansâ lives: Finance minister
Sustainability and stability for next five years is a requisite for growth
Tax amendments require factories to repay gas consumption: Finance minister
Decision aims to resolve disputes between companies and EGPC in collecting natural gas payments, according to Tax Authority
Euromoney Conference: EGP 750m funding target by Tanmeyah to finance SMEs: Company president
Tanmeyah aims to bring loan to small and medium enterprises by end of 2014 through new loans issuance ranging from EGP 30,000 to EGP 200,000
12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister
CBEâs temporary âfinancialâ account is strategic reserve and will not be used to solve budget deficit
90% of energy subsidies to be lifted within 3 years: Finance minister
IMF assessment of Egyptâs economy still due before the economic summit, with goal to restore international market confidence, says Dimian
Government to allocate budget revenues in CBE to Suez Canal investment certificates
Ministry of Finance says move comes to ease pressure on the general budget or the Suez Canal Authority after five years
Egypt to invite IMF to assess economic reforms
Ministry of Finance says government will invite IMF before Egyptâs economic summit in February 2015
Government looks to restore confidence in economy: Finance minister
Hopes to restore confidence in Egyptâs economy through tax legislation, reducing budget deficit
Second phase fuel smart-card distribution to save EGP40bn: Former petroleum minister
The government has so far distributed 2.6m out of the targeted 4.5m smart cards, said Tareq Al-Mula, chairman of the Egyptian General Petroleum Company (EGPC).
Ministerial meeting upcoming to resolve property tax crisis on hotels: Tourism ministry official
Finance and tourism ministers to meet this month to resolve dispute between Real Estate Taxation Authority (RTA) and Chamber of Hotels over property tax law
New âquartet committeeâ to regulate financing and implementation of Suez Canal project
Government seeks to complete the development of the Suez Canal on schedule within its efforts to increase resources and reduce unemployment
Finance ministry yet to impose property tax on petroleum companies: Adviser
Public petroleum establishments will be exempted, while private companies will be subject to the law, says senior Tax Authority official
Egypt to adopt international taxation policy to avoid double taxation: Finance minister
Government struggling to expand resources through tax reform imposing new taxes, fighting tax evasion
Finance ministry considers modifying system for cabinet wages: Minister
Ministry of Finance plans to submit bill to amend wage system for cabinet
Tax revenues to increase 1.6% in 2014/2015 fiscal year: Finance minister
Ministry of Finance expects tax revenue increases of EGP 6bn or 1.6% due to amendments to real estate and income tax laws, as well as new taxes on stock dividends and distributions
Backlash against petroleum subsidy cuts as experts cite concern of effects on middle class
Cash support for poor may act as safety net, but biggest danger lies in creating new poor by cutting energy subsidies, says professor of socioeconomics Hania Al-Shalkamy
Electricity subsidy increases come to pay value of fuel consumed by stations: Energy expert
The increase allocated to the ministry amounts to approximately EGP 14bn and will not be sufficient to pay the value of fuel after amending the price to $3 per million BTUs compared to the previous $1.85
Finance ministry provides additional EGP 922m for public business sector
Government delayed with presenting next yearâs budget, hesitation about pursuing subsidy reform
Government considers raising price of wheat to encourage farmers to step up production
Price increase would aim to encourage local farms selling more wheat to the state in order to make Egypt, the worldâs largest wheat importer, less relient on imports
Egypt sees deficit at 14-14.5% of GDP next fiscal year if no reforms implemented
Reuters – The Egyptian government sees its budget deficit, if it does not implement reforms, running at 14-14.5% of gross domestic product in the fiscal year starting on July 1, Finance Minister Hany Kadry Dimian said on Sunday, above a target of 10-10.5% he gave in March. Egyptâs economy has suffered from more than three …
Egypt still in need of financial assistance: International Monetary Fund
Financial aid could come from Gulf countries, the IMF or other financial institutions, says IMFâs chief of mission in Egypt