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MSMEDA given five years, administrative detention stopped
Interest rates to slightly decrease by end of FY2019/20, says report
The allocations for General Authority for Supply Commodities includes $970.2m letters of credit to import 4.158 tonnes of wheat.
Cabinet agrees to issue $500m green bonds, $5bn international bonds in FY 2019/20, says Kouchouk
This aims to ensure the sustainability of the quality of performance, speed, and accuracy of delivery in a manner that reduces the customs release time and costs of clearance. It also targets improving Egypt’s ranking in the World Bank’s “Logistics Performance Index” which will coincide with better facilitating cross-border trade.
Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk
Accepted offers registered at EGP 5.8bn, yield less than 14.5%
By 2030, Egypt will be among 10 economic tigers, due to its rapid economic growth, says finance minister
First portion of EGP 1bn financial package for Sovereignty Fund already transferred
Digital transformation is one of the pillars that promote the economic GDP growth, says finance minister Moeit
The ministry added in a press statement, on Saturday, that this law aims to improve the growth structure and raise its rates, which will subsequently provide more job opportunities for youth.
Ministry is issuing 16 offerings of EGP 151bn worth T-Bills and 8 T-Bonds offerings of EGP 9.75bn
“We asked government to send e-commerce draft law for discussion, to be ready by November,” says MP
T-Bills due between July 2019 and June 2020
Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about EGP 148bn in May
Ministry, JICA to ink MoU for future cooperation in health, energy
The Ministry of Finance reduced the customs dollar exchange rates for non-essentials goods to EGP 17.24 in May, down from EGP 17.385 April, while keeping its price unchanged at EGP 16 for strategic commodities, the ministry announced on Wednesday. In December 2018, Egypt announced ending the discounted customs exchange rate for some imported goods, which …
EGP 1.158tn balance of T-Bills, EGP 694.4166bn T-Bonds, international bonds by $23.21bn and $4bn: Finance Ministry
Egypt’s Finance Ministry has imposed, on Monday, a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days. The ministry announced that the tariff aims to protect Egypt’s domestic iron and steel industry against dumping, and unfair competition. Local steel manufacturers have been calling on the government to …
There is no intention at the current time to impose taxes on social media websites advertisements, Salah Youssef, the deputy minister of finance and head of the research department at the Egyptian Tax Authority, said on Monday. On the sidelines of the symposium of the Egyptian Junior Business Association (EJB) to discuss the new taxation …
Finance Ministry launches bids for T-Bills, T-Bonds for EGP 184bn in April, EGP 148bn in May, EGP 146.5bn in June
Mint Authority previously announced issuance of coins which bear images of major Egyptian national projects
Bonds due between 25 February 2019 – 6 November 2028
The statement came following media reports that Egypt will offer around $2bn worth of Samurai bonds in the coming period.
Egypt’s Ministry of Finance intends to issue coins of EGP 1 and 50 piasters to document major national projects recently established in the country. These coins will be available at their nominal value. The decision aims to increase public awareness of national achievements in various fields which seek to improve the living conditions of Egyptians. …
T-bonds worth EGP 15bn due in December, remaining balances due between February 2019, November 2028
2 T-bond tranches worth $2.57bn were floated for 8, 12 years on 19 November bearing interest rates of 7.125%, 7.625% respectively
Following this decision, the FEB formed a specialised committee to study this decision and its impact on the banks’ profits.
Interest of delay in tax payment is calculated as follows: the CBE’s discount rate + 2%
Inflation will rise by 1%, if customs’ dollar exchange increased, says Pharos Holding official