Egypt Independent

Mohsen Abdel Razeq
Mohsen Abdel Razeq 103 | Articles

Combating deficit, Finance Ministry proposes raise on gov't service prices

Egypt is mulling raising the prices of some 14 government services to generate additional revenue for the state budget, a...

Mohsen Abdel Razeq Mohsen Abdel Razeq 4 years ago

Government to auction off official gifts

The Ministry of Finance will next week hold a landmark public auction to sell off gifts state officials received from...

Mohsen Abdel Razeq Mohsen Abdel Razeq 7 years ago

Central Bank offers US$800 million in exceptional auction

On Wednesday, the Central Bank of Egypt conducted an US$800 million exceptional auction, its second in the last two months,...

Mohsen Abdel Razeq Mohsen Abdel Razeq 7 years ago

Finance Ministry withdraws LE1.3 billion from budget reserve

The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Egypt rules out negative impact on Suez Canal from Israeli railway project

Abdel Tawab Haggag, economic advisor to the Suez Canal Authority, on Tuesday ruled out any negative effects on the canal...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Government devises new economic reform program

The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Central Bank denies holding $9 billion in secret Mubarak accounts

Egypt's Central bank denied on Thursday that ousted Egyptian President Hosni Mubarak has US$9 billion deposited there. Former deputy head...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Govt's plan to reduce spending unfeasible, say experts

The government’s plan reduce spending to offset the budget deficit is unfeasible, conventional and bureaucratic, experts have said. The plan...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Law on maximum wages to become effective in February

The law on a maximum wage for the public sector is to become effective in the beginning of February, an...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Government divided over IMF loan

Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Finance Ministry to have finished confiscating NDP property in 2 months

The Finance Ministry has announced that in two months, it will have finished confiscating real estate that belonged to the...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Govt issues bonds to stem decline of foreign reserves

The Finance Ministry recently offered treasury bills worth US$2.5 billion in an effort to improve cash flow and stem withdrawals...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Government to reduce spending in bid to offset budget deficit

A Finance Ministry official has said that the government plans to reduce its spending in order to offset the state...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago

Government approves maximum wage draft law

The cabinet approved a maximum wage draft law in its last meeting, said Hazem Biblawy, former deputy prime minister of...

Mohsen Abdel Razeq Mohsen Abdel Razeq 8 years ago