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CBE sells USD 1.7 bn USD-denominated T-bills, repurchases USD 2.6 bn T-bonds
The central bank sold USD 1.7 bn-worth of one-year USD-denominated treasury bills on Monday at an average yield of 3.697%,…
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Egypt releases EGP 504 mn in export subsidy funds
Gov’t disburses EGP 504 mn in export subsidy funds: Finance Minister Mohamed Maait has disbursed EGP 504 mn in export…
Egypt’s budget deficit narrowed to 1.9% in 1Q18-19
Egypt’s budget deficit narrowed slightly to 1.9% during the first quarter of FY2018-19, down from 2% during the same period…
Egypt’s Finance Ministry sees the economy growing at a blistering 6.5% in the state’s 2019-20 fiscal year
The Finance Ministry sees the economy growing at a blistering 6.5% in the state’s 2019-20 fiscal year, up from a…
FinMin, Trade Ministry deny plans to impose new 10-20% tax on Egypt’s car sales
FinMin, Trade Ministry deny plans to impose new 10-20% tax on car sales: Trade Ministry advisor Hossam Abdel Aziz deniedour…
Finance Ministry to select winning company to digitize tax authority mid-December
The Finance Ministry will reportedly select the winning company in its tender to digitize the Tax Authority by mid-December. Five…
FinMin, Trade Ministry looking to amend automotive tax framework as tariffs on European cars set to drop to zero
EXCLUSIVE- Last gasp of the automotive directive? A senior government official tells us the trade and finance ministries are studying…
FinMin to launch 6 October dry port PPP tender by early 2019
The Finance Ministry will launch the public-private partnership (PPP) tender for the c. USD 110 mn 6 October dry port…
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