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Business
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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.
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Business
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Economy
1/12/2022 5:03:07 PM
Egypt’s Ministry of Finance will open submissions for the second round of the fourth phase of the initiative to repay exporters’ arrears from 30 January to 10 February, Minister of Finance Mohamed Maait said on Wednesday.
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Business
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Economy
7/11/2021 11:35:45 AM
Maait noted that the arrears of the third stage are expected to be disbursed by end of September through end of October with an acceleration discount of 15 percent.
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Business
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Economy
6/30/2021 12:39:07 PM
Finance Minster Mohamed Maait said that the action comes in implementation of President Abdel-Fattah El-Sisi’s decision to back exporting companies amid the ongoing COVID-19 crisis
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Business
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Economy
4/29/2021 2:40:11 PM
'Such an effort comes in line with President Abdel-Fattah El-Sisi's directives to back the export sector, through which providing cash liquidity for the sector amid the severe impacts of the COVID-19 pandemic,' said Maait
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Business
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Economy
2/17/2021 12:47:35 PM
The initiative is meant to disburse companies’ arrears from the Export Development Fund before the end of FY 2020/2021
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Business
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Economy
1/19/2021 2:59:43 PM
Under the latest prompt cash payment under the exporters initiative, a total of EGP 13 billion was disbursed to 169 export companies during November and December
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Business
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Economy
9/27/2020 5:02:21 PM
The initiative aims at providing cash liquidity to enable exporters to fulfil their obligations and keep their labour force amid the ongoing COVID-19 crisis
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Business
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Economy
7/20/2020 12:47:10 PM
The minister said that the action aims at help companies keep their labour, increase productivity and improve Egypt’s economic performance signs.
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