Ministry of Finance

Deal to make EGP-denominated debt “Eurocleared” close to finalized, Finance Minister

Wed, 31 May 2023 - 03:52 GMT

EGP-denominated debt could become “Eurocleared” before the end of 2023, Finance Minister, Mohamed Maait, told local media yesterday

Egypt committed to improving cooperating with New Development Bank, says Maait

Tue, 30 May 2023 - 04:26 GMT

Maait also stressed the role of the private sector as a driving force for emerging economies’ growth, reducing the pressure on their budgets and necessary financing for investments that contribute to comprehensive and sustainable development

Income Tax Law amended, increases annual income tax exemption to LE36,000

Tue, 30 May 2023 - 12:20 GMT

The income tax imposed on individuals earning more than LE 1.2 million annually is expected to generate around LE 4 billion, said Mohamed Maait, Finance Minister, in a separate statement

Egypt to facilitate VAT exemptions for imported production equipment

Thu, 18 May 2023 - 03:40 GMT

Companies can now submit a pledge, either personally or through a legal representative, with a certified signature from banks

Egypt sells 9.5% stake in Telecom Egypt in a $121M deal

Sun, 14 May 2023 - 11:52 GMT

The volume of requests received in the first tranche reached more than 504 million shares, which is around 3.11 times more than the total shares offered.

Egypt’s increases expected budget deficit rate to 6.9% for FY23/24: Finance Minister

Tue, 09 May 2023 - 03:30 GMT

Maait attributed this to the interest rate hikes in Egypt and global markets, and reassured about the performance of the Egyptian economy in light of the current global crises.

Egyptian expats transfer $713M for car imports through initiative

Mon, 08 May 2023 - 05:19 GMT

The release of 110 imported cars for beneficiaries has been completed so far.

Egypt's central bank issues LE 1B in T-bonds Monday

Mon, 08 May 2023 - 03:11 GMT

The T-bonds were offered in one installment at LE 1 billion with a three-year term.

Egypt's central bank issues LE 2B in T-bonds Monday

Mon, 01 May 2023 - 11:55 GMT

The T-bonds were offered in one installments with a variable return at LE 3 billion with a three-year term.

Egypt's central bank issues LE 40B in T-bills Sunday

Sun, 30 Apr 2023 - 03:15 GMT

The T-bills were offered in two installments, with the first valued at LE 22.5 billion with a 91-day term.

Egypt's central bank issues LE 39.5B in T-bills Thursday

Thu, 27 Apr 2023 - 02:35 GMT

The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.

Egypt's central bank issues LE 1B in T-bonds Monday

Mon, 10 Apr 2023 - 02:24 GMT

The T-bonds were offered in one installments with a variable return at LE 1 billion with a three-year term.

Egypt's central bank issues LE 39.5B in T-bills Thursday

Thu, 06 Apr 2023 - 03:02 GMT

The T-bills were offered in two installments, with the first valued at LE 16.5 billion with a 182-day term.

Egypt's central bank issues LE 39.5B in T-bills Thursday

Thu, 30 Mar 2023 - 01:51 GMT

The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.

Egypt's central bank issues LE 2B in T-bonds Monday

Mon, 27 Mar 2023 - 02:14 GMT

The government borrows through bonds and treasury bills over different periods of time, and government banks are the largest purchasers of them.

Egypt's central bank issues LE 34B in T-bills Sunday

Sun, 26 Mar 2023 - 01:25 GMT

The T-bills were offered in two installments, with the first valued at LE 13 billion with a 91-day term.

Volume of outstanding balances of local T-bills, bonds hit LE4.44T by end of February

Thu, 23 Mar 2023 - 01:57 GMT

The Ministry elaborated in its latest report that the volume of outstanding balances of treasury bills amounted to about LE 1.94 trillion.

Egypt's central bank issues LE 43.5B in T-bills Thursday

Thu, 23 Mar 2023 - 01:43 GMT

The T-bills were offered in two installments, with the first valued at LE 20 billion with a 182-day term.

Egypt's central bank issues LE 4.75B in T-bonds Monday

Mon, 20 Mar 2023 - 02:09 GMT

The T-bonds were offered in three installments, with the first valued at LE 250 million with a seven-year term.

Egypt's central bank issues LE 35B in T-bills Sunday

Sun, 19 Mar 2023 - 01:49 GMT

The T-bills were offered in two installments, with the first valued at LE 13.5 billion with a 91-day term.

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