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War in Ukraine - Military
5/16/2022 3:00:25 PM
Europe pushed Monday to sharpen and expand its response to Russia's invasion of Ukraine, with Sweden poised to follow Finland in seeking membership of NATO and European Union officials working to rescue proposed sanctions that would target Russian oil exports helping the Kremlin finance its war.

Al-Ahram Weekly - Economy
5/15/2022 3:43:00 PM
The ministers of finance and planning presented a revised crisis budget to parliament this week.

Business - Economy
5/15/2022 2:04:17 PM
The Central Bank of Egypt (CBE), in collaboration with the Ministry of Finance, has replaced 4.1 out of 4.3 million payroll slips for state-employees with Meeza cards, the bank announced on Sunday.

World - Africa
5/12/2022 3:41:28 PM
With hopes for countering global warming pinned on progress at the upcoming COP27 UN Climate Change Conference in Egypt, a new report from the Africa Finance Corporation (AFC), Africa's leading infrastructure solutions provider, sets out the continent's stance by balancing the need for emissions reduction with critical development imperatives.

Business - Economy
5/11/2022 2:52:57 PM
Minister of Finance Mohamed Maait announced on Wednesday that the government is considering issuing Yuan-dominated bonds that will target the Chinese market, which is the second largest bond market globally.

Egypt - Politics
5/9/2022 5:14:40 PM
Egypt's finance minister Mohamed Maait and planning and economic development minister Hala El-Said presented two statements on the draft budget of FY 2022/23 and the socio-economic development plan to the House of Representatives in a plenary session on Monday.

Business - Economy
5/9/2022 3:23:16 PM
Egypt and the European Union (EU) delegation in Egypt signed on Monday a number of development finance agreements worth €138 million covering healthcare, administrative reform, the environment, rural and social development, and enhancing governance.

Egypt - Politics
5/7/2022 6:33:52 PM
​Following a two-week holiday, Egypt’s lower house of Parliament — the House of Representatives — will get down to business this week by holding plenary sessions on Sunday, Monday, and Tuesday.

Business - Economy
5/6/2022 8:30:45 PM
Minister of Finance Mohamed Maait said in a statement on Friday that the general budget is more flexible in light of the severe world economic crises.

Egypt - Health
5/4/2022 4:27:20 PM
Finance Minister Mohamed Maait asserted on Wednesday that the country's new Universal Health Insurance System (UHIS) will implemented across all governorates, in line with presidential directives, in spite of the global economic challenges.

World - International
4/29/2022 12:51:26 PM
Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of COVID-19.

Egypt - Foreign Affairs
4/28/2022 4:00:00 PM
Egypt called for adequate, sustained, and predictable funding for peacebuilding activities in conflict-affected countries during a high-level meeting of the General Assembly on financing for peacebuilding at its 76th session on Wednesday.

Egypt - Health
4/22/2022 4:05:03 PM
Egypt’s Medical Syndicate (EMS) called on Minister of Finance Mohamed Maait on Thursday to tackle the problem of the intern doctors’ salaries, which it says are “a lot lower than mandated by law.”

War in Ukraine - Economy
4/21/2022 1:54:57 PM
Europe is struggling to find ways to stop paying Russia $850 million a day for energy and hit the Kremlin's finances over its invasion of Ukraine. Leaders of the 27-member European Union are finding that reversing decades of dependence on Russian oil and natural gas is not a simple matter.

Business - Economy
4/21/2022 1:17:24 PM
Egypt’s Minister of International Cooperation Rania Al-Mashat and director of the German KfW Development Bank in Egypt Bernd Siegfried signed on Wednesday a financing agreement worth €26 million for phase 2 of a project to rehabilitate hydroelectric power plants in Aswan.

Egypt - Politics
4/19/2022 5:02:40 PM
Finance Minister Mohamed Maait revealed Tuesday that the government of Prime Minister Mostafa Madbouly has formed an ad hoc committee "to study the file of foreign borrowing and restrict it to very narrow limits."

World - International
4/19/2022 1:01:06 PM
Global finance leaders are putting the growing crisis over food insecurity and skyrocketing food prices at center stage as members of the International Monetary Fund and the World Bank meet in Washington and grapple with the brutal effects of Russia's war against Ukraine.

Business - Tech
4/17/2022 5:12:23 PM
About 73 percent of all of the government’s contracts were signed with micro- and small-sized businesses over the past 41 months, which reflects the support the state attaches to them in terms of maximising their production capacities, Minister of Finance Mohamed Maait said on Saturday.

Business - Markets & Companies
4/17/2022 12:54:34 PM
Egypt’s government will implement a cash repayment for exporters’ arrears initiative on exported goods retroactively from 1 July 2021 with an acceleration deduction of eight percent instead of 15 percent, Minister of Finance Mohamed Maait announced on Sunday.

Business - Energy
4/13/2022 1:36:18 PM
Egypt’s presidential initiative to replace aging vehicles with new ones that run on natural gas has delivered 17,900 cars since it was launched in March 2021, Minister of Finance Mohamed Maait said on Wednesday.

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