IMF loan will not encourage Egyptian economy, says former finance minister
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Despite the progress accomplished by the government, effort is still needed to facilitate more investors and the private sector, says minister
Daily News Egypt met with Ahmed Galal, the African champion in the sport for the past three years. Galal also won fourth place in the 2000 African Decathlon Championship.
The blurry monetary policy is an obstacle to economic growth, and development requires an effective political system, says former finance minister
The family sent letter to the prosecutor general about their son’s disappearance and but all attempts to find him failed
Galal directed over 50 films and a number of television series
In an attempt to examine what social justice is all about, the Economic Research Forum organised a breakout session on the first day of its 20th Annual Conference evaluating how it has evolved over time.
Business sector public companies and authorities “themselves” are responsible for raising the wages of their employees, Mesbah Qotb says
Total of EGP 21.7bn will be spent on investments; EGP 12bn will finance social programmes, including minimum wages
Monthly cash stipends will benefit 2 to 3 million families
Total value of revenues reaches EGP 175.4bn and total expenditure registers EGP 262bn, finance ministry says
Allocations aimed at improving public services for citizens, finance minister says
Government aims to reassure that Egypt safe for investors
Ahmed Galal forms a committee to be tasked with reviewing the financial regulations and economic articles of the new constitution
The government’s stimulus package will yield results by the end of Q1 2014, Galal says
Minister of Finance says additional revenue vital to reining in budget deficit
The government will tackle a different tax system after revitalising the economy, says Minister of Finance
The delegation will resume talks about Value Added Tax draft law
EGP 165m will be allocated for tourism, EGP 225m for petroleum, EGP 125m for industrial training, EGP 355m for improving railway crossings and EGP 11.5m for journalism
Galal discloses that the CBE has held onto a $9bn deposit since the 1990s, which the government will use to finance its two stimulus packages
El-Beblawi said that economic progress cannot be achieved unless security, political stability and futuristic economic vision prevailed.
Galal noted that amendments to the real estate tax law have been approved after being presented to different economic and industrial sectors
Galal says changes in expenditures and resources will lead to another stimulus plan
Amendments to property taxes receive approval from cabinet, awaiting presidential approval
“Despite the road being long, there does appear to be a shared vision of where both the government and direct foreign investors want to be – and that is moving forward,” said Richard Banks, Regional Director of the Euromoney Conference.
Government intends to make several changes that will help cut down on customs evasions
Five main criteria were set to encourage exporting enterprises
Galal discussed with UAE Secretary of State cooperation in the fields of energy, health insurance and public debt management
Acting American ambassador says the United States is economically committed to Egypt
59% of increases for government expenditures are for subsidies and debt settlements