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Business - Economy
8/30/2022 4:48:09 PM
Egypt’s Finance Minister Mohamed Maait said that a package of exceptional measures has been approved to facilitate the release of imports and to ease burdens on investors and importers amid the ongoing international economic crisis.

Business - Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.

Business - Economy
8/28/2022 3:18:38 PM
Finance Minister Mohamed Maait asserted Egypt is interested in boosting cooperation with Britain in the field of minting through exchanging experiences and capitalising on special cadres in the two countries.

Business - Economy
8/24/2022 3:09:41 PM
Minister of Finance Mohamed Maait reviewed Wednesday the outcome of the meetings held between Head of the Egyptian Customs Authority (ECA) Al-Shahat Ghatouri and director of the Jordanian customs department.

World - Region
8/16/2022 3:17:22 PM
Iraq's finance minister resigned Tuesday, two government officials said, over the country's worst political crisis in years involving an influential Shiite cleric and his Iran-aligned rivals.

Egypt - Health
7/24/2022 5:03:24 PM
Minister of Finance Mohamed Maait stated on Sunday that the Universal Health Insurance System (UHIS) would be implemented in all Egyptian governorates within 10 years upon a presidential mandate to compress its 15-year planned timetable, a statement by the ministry said.

World - International
7/21/2022 6:46:25 PM
Liz Truss, the favourite to become Britain's next prime minister, on Thursday criticised rival Rishi Sunak over his tax policies while finance minister, as the pair kicked off six weeks of campaigning.

War in Ukraine - Economy
7/16/2022 3:20:26 PM
A two-day meeting of finance ministers from the Group of 20 major economies ended Saturday in Indonesia without a joint communique after Russia's war in Ukraine divided the global forum.

Business - Economy
7/12/2022 3:50:57 PM
Minister of Finance Mohamed Maait assured that the government has allocated EGP 1.1 billion in the new budget to establish utilities for 13 industrial complexes in several governorates with the aim of providing a stimulating infrastructure for the owners of small, medium, and micro enterprises (SMEs).

Business - Economy
7/10/2022 5:33:24 PM
Egyptian Minister of Finance Mohamed Maait said on Sunday that EGP 356 billion of the fiscal year (FY) 2022/23 budget has been allocated for social protection and subsidization, while another EGP 400 billion will go for improving conditions of public employees including wages and compensations.

Business - Economy
7/9/2022 4:02:51 PM
Egypt’s Finance Minister Mohamed Maait said EGP 40 million of loose coins and new banknotes were issued in July, at a 10 million pounds rise, on the occasion of Eid El-Adha.

Business - Economy
6/30/2022 10:27:33 PM
Bahrain’s Finance and National Economy Minister Sheikh Salman bin Khalifa Al-Khalifa said on Thursday that the economic efforts taking place between Egypt and Bahrain aim to boost the volume of trade exchange between Bahrain and Egypt to $1 billion in 2023.

Business - Economy
6/27/2022 6:34:14 PM
Egypt is expected to attain a 6.2 percent in real GDP growth by the end of the current FY2021/22 — which will conclude by the end of June — with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to Minister of Finance Mohamed Maait.

Business - Economy
6/23/2022 5:16:50 PM
A new Egypt deal with the International Monetary Fund (IMF) could be under the Extended Fund Facility (EFF) for four years, but a programme under the Stand-by Arrangement (SBA) and the Financial Programming and Policies are also on the table, Egypt’s Minister of Finance Mohamed Maait told Bloomberg TV.

Egypt - Politics
6/20/2022 6:42:38 PM
​The coronavirus pandemic and the Russian-Ukrainian War cost Egypt EGP 440 billion in losses over the past two years, said Minister of Finance Mohamed Maait on Monday while delivering his conclusive speech at the House of Representatives.

Business - Economy
6/19/2022 11:34:00 PM
Finance Minister Mohamed Maait told MPs in a plenary session on Sunday that the drafting of Egypt's FY 2022/23 budget was prepared amid very exceptional circumstances, including foreign inflation brought about by the war in Ukraine.

World - Region
6/14/2022 10:43:20 PM
Algerian President Abdelmadjid Tebboune sacked his finance minister on Tuesday after just four months in the job, without giving a reason.

Business - Markets & Companies
6/12/2022 5:12:14 PM
Egypt’s government targets attracting foreign direct investments (FDIs) worth $10 billion annually to improve the country’s economic development and create more job opportunities, Minister of Finance Mohamed Maait stated on Sunday.

Business - Economy
6/4/2022 10:33:33 PM
Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.

Business - Economy
6/4/2022 11:17:49 AM
Egypt’s Finance Minister Mohamed Maait and his Qatari counterpart Ali bin Ahmed Al-Kawary affirmed the importance of boosting bilateral cooperation amid the current global economic crisis in order to mitigate its impact on citizens.

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