Finance Ministry

Finance Ministry allocates LE11 billion for govt to buy local wheat
Business

Finance Ministry allocates LE11 billion for govt to buy local wheat

The Finance Ministry has allocated more than 11LE billion for other government ministries to buy wheat from farmers this fiscal…
Finance Minister Beblawy backtracks on pledged resignation
Egypt

Finance Minister Beblawy backtracks on pledged resignation

Egypt's Finance Minister Hazem al-Beblawy has told Al-Masry Al-Youm he will maintain his post after the ruling Supreme Council of…
Finance minister says military council rejected resignation
Egypt

Finance minister says military council rejected resignation

Finance Minister Hazem al-Beblawy has told Al-Masry Al-Youm that the ruling Supreme Council of the Armed Forces (SCAF) rejected his…
Finance minister resigns in protest of govt handling of Maspero clashes
Egypt

Finance minister resigns in protest of govt handling of Maspero clashes

Finance Minister Hazem al-Beblawy submitted his resignation on Tuesday to the cabinet, citing a worsening security situation after 25 were…
Finance minister: No budget allocations for public sector salary increases
Egypt

Finance minister: No budget allocations for public sector salary increases

The Finance Ministry is not involved in the Public Transport Authority (PTA) crisis and therefore there will be no budget…
Finance minister: Subsidies are Egypt’s greatest enemy
Business

Finance minister: Subsidies are Egypt’s greatest enemy

Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Egypt T-bill yields surge, foreign cash may be needed
Business

Egypt T-bill yields surge, foreign cash may be needed

Yields at Egyptian Treasury bill auctions have hit levels last seen during the 2008 global financial crisis and traders said…
Egypt to offer LE4 billion in bonds
Business

Egypt to offer LE4 billion in bonds

Egypt's Finance Ministry will offer LE4 billion (US$669.7 million) in two and three-year bonds in an auction on 19 September,…
Finance Ministry announces changes to its leadership
Egypt

Finance Ministry announces changes to its leadership

The Finance Ministry on Wednesday announced a number of changes in its leadership, involving the director of the finance minister’s…
Minimum wage to be implemented in August
Business

Minimum wage to be implemented in August

The new minimum wage will be implemented in August, Egypt's Finance Ministry said on Monday. State employees who receive a…
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