Interest
The National Bank of Egypt and Banque Misr announced Sunday two savings certificates of three years, reflecting the positive outlook on lower interest rates in the upcoming period.
Debt expenditures accounted for 42 percent of Egypt's total expenditures during the six months, amounting to LE 940.8 billion.
“The door will be opened for filing tax disputes after the end of the Eid al-Adha holiday, and until the end of December of this year; this will help alleviate the burdens on the productive sectors in light of the negative repercussions of the war in Europe,” the Finance Minister said.
The individual’s share of Egypt’s foreign debt increased 7% in Q4 of fiscal year 2016/2017 to reach $812.3, compared with $759.4 in Q3 of the same year.
The Central Bank of Egypt (CBE) on Thursday decided to keep the key interest rates unchanged.
