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Egypt imposes temporary 15% import tariff on iron billets, 25% on steel rebar

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 …

Mohamed Samir

Finance Ministry excludes economic stimulus plans from public expenditure control guidelines

The Ministry of Finance said in a statement on Tuesday that it has issued executive instructions to exclude the accounts of the emergency economic stimulus plan for the current fiscal year (FY) from its recent spending control instructions. The spending control instructions include banning the reregistration of discount disbursement financial documents starting 14 June, prohibiting …

Daily News Egypt