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Egypt hosting the summit reflects confidence in the country’s economic future, said keynote speaker and minister of finance, Al-Morsi Hegazy
Over 30 banks and 1,850 branches are covered under a new electronics payments system for taxes, pensions and customs
The e-payment system will play a supporting role to ease the budget burden by reducing delays in tax returns
Uncertainty in securities market over effect of new regulations
Half of real estate tax revenues will be directed to bridging the budget defici
The Ministry of Finance announced the Central Bank of Egypt is to issue treasury bills and bonds, amounting to EGP 52 billion during September, state-owned news agency MENA has reported. The government will issue 91 day, 182 day, 273 day and 364 day treasury bills, amounting to EGP three billion, EGP eight billion, EGP 15 …
In an effort to bolster the government’s water sector reform program, the European Union has granted Egypt 80 million Euros (LE 560 million) in financial support.