Latest in Tag: ministry of finance Highlight
Latest in Tag: ministry of finance
Tourism ministry refuses tax for historical hotels based on market value: Official
Ministries of Finance and Tourism negotiate estate tax calculation measures for historical hotels in light of estimation difficulties
1H of FY 2014/2015 sees tax revenue rise, decreasing budget deficit growth: Finance ministry
Financial grants recorded EGP 7.8bn in 1H FY 2014/2015 compared to EGP 36.8bn in 1H FY 2013/2014
Federation of Egyptian Industries submits proposal amending automotive sector taxation
By Ahmed Amer The Federation of Egyptian Industries (FEI) has submitted a proposal to the ministries of Industry and Finance to amend the tax and customs system in place for the automotive sector. The proposal includes reassessing the sales tax on local and imported cars to boost domestic products, and granting advantages and competitiveness against …
Electricity ministry to provide additional 3,600 MW next summer against increased consumption
Consumption increases during summer months with temperature increase, loads on network surpass 27,000 MW, leading to deficit of 6,000 MW
Tax authority workers union vows to stop sending notifications until ministry meets demands
Real estate tax employees always threaten strikes but do not follow up, says Minister’s real estate tax advisor
Egypt to issue bonds on international markets after higher credit ranking: Cabinet
Lowering dues of foreign oil companies, amending investment laws and resolving conflicts boost business sector’s trust
Government to put forward tender to develop Safaga Mining Port for investors: Industrial head
Ministry of Industry and Foreign Trade working to develop Safaga Mining Port at cost of EGP 30bn, to increase the commercial and industrial activity in southern Egypt
Al-Sisi obliges financial services, public sector to pay income tax electronically
Finance minister said amendment helps managing public debt as it improves flow of tax revenues to the CBE
EGP 1.5bn total funds for the white taxi project
Alex Bank promised to exempt white taxi owners from repaying interest rates that were supposed to be paid for three installments that go back to 2011
EGP 3bn for Ministries of Supply, Transport, and Electricity: Minister of Finance
Finance to be given to enhance efficiency of the electricity distribution network to renewable energy power plants
RTA sends real estate taxation notifications to factories: RTA Head
Urgent solutions required for old rent unit issues, Tourism Minister discusses criteria for rent prices for hotel units
Fuel oil supplies non compliant with specifications behind increased summer electricity
The source said that during the summer, fuel suppliers offered fuel at $600 per tonne, with sulphur rates higher than required in the bid.
Social financial allocations to be regularly paid for better services: Finance minister
Railway dues will also be reviewed monthly to fund purchase of spare parts, regular maintenance
First economic stimulus package projects to end in Q1 2015: Planning minister
Many projects in the housing sector, part of the economic stimulus package, will be concluded within two months
6 key laws are to ease business in Egypt: Ministerial advisor
Reforms are being applied to current industrial and investment laws to set up framework for projects to be revealed in the economic summit
Encouraging signs for Egypt’s economy
By Oxford Business Group After years of uncertainty and turbulence, Egypt’s economy is beginning to show some signs of recovery, with a marked rise in business confidence helping to strengthen indicators in both capital markets and the broader economy. Emerging signs of growth are welcome not only for investors, but also for the government, following …
Postponement of Economic Summit met with conflicting reactions
Cairo University economics professor says instability of Gulf stock markets might be behind postponement
Government postpones Economic Summit to avoid Chinese New Year
Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival, International Cooperation denies
Government jeopardising EGPC finances: Petroleum ministry source
Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official
Ministry of Finance refuses to finance import of liquefied gas
By Ahmed Tolba A meeting will be held in the coming days between officials from the ministries of Oil, Finance, and Electricity to agree on a solution to issues threatening the implementation of agreements to import liquefied natural gas in order to meet Egyptian power stations’ needs for fuel. An official from gas holding company …
CIHC finalises evaluation and plans evacuation within days
Finance ministry will pay Kaaki for the evaluation, with value not exceeding company’s privatisation price
Egypt to invite IMF to assess economic reforms
Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015
Feed-in tariff for new and renewable energy to be announced within weeks: El-Araby
Ministry of Finance may act as guarantor between investors and Ministry of Electricity to ensure continuous power supply
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
Finance ministry announces issuance of EGP 14.2bn for settlement of insurance indebtedness agreement
Bonds issued at an interest rate of 9%
Ministry of Civil Aviation raises aircraft self-service fees to airport developments: Ministry of Finance
Self-service fees in Egyptian airports rise to $45, $60 and $78, according to weight of aircrafts
Talks on applying VAT ongoing: Finance ministry
Egyptian government struggles to increase its revenue through reforming tax system and keeping deficit under control
Government prepares new economic stimulus package: Finance Ministry
The new package aims to revitalise and expand the activities of the private sector through removing the “bottlenecks” facing economic key sectors.
National Bank of Egypt, Banque du Caire, and Banque Misr increase returns on savings certificates
A number of government banks raise returns on savings certificates to attract liquidity, fight inflation, and increase individual returns
Hierarchical restructures next step for Finance Minister: Official
Amr Badawi nominated candidate to handle the hierarchical restructures file, says official