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Business
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Economy
4/7/2022 1:06:02 PM
Egypt is set to launch a new phase of its automated and electronic system for tax collection as of 1 July, which will contribute to including informal business activities into the formal sector, Minister of Finance Mohamed Maait said on Thursday.
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Business
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Economy
4/4/2022 4:24:51 PM
The Egyptian government allocated EGP 1.1 billion for the General Authority for Supply Commodities and the Agricultural Bank of Egypt in order to finance local wheat crop procurement from farmers, Minister of Finance Mohamed Maait announced on Monday.
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Business
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Economy
4/3/2022 3:25:21 PM
Egypt is planning to lower its debt to GDP ratio to below 90 percent by the end of the current FY2021/22 — which will conclude at the end of June 2022 — and under 85 percent over the coming three years, according to Minister of Finance Mohamed Maait.
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Business
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Economy
3/30/2022 7:25:53 PM
The managing director of the International Monetary Fund (IMF) Kristalina Georgieva praised on Wednesday the rapid response of Egypt’s government to address the repercussions of the Russian-Ukrainian conflict as well as the increase in the prices of food, basic materials, and transport.
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Business
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Economy
3/27/2022 12:25:04 PM
Egypt’s anticipated programme with the International Monetary Fund (IMF) will target preserving the country’s gains from the previous economic reform programme, Minister of Finance Mohamed Maait said on Saturday.
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Al-Ahram Weekly
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Egypt
3/15/2022 9:24:13 PM
Egypt has plans to improve its economic situation and counter the effects of the Ukraine crisis on the economy, Minister of Finance Mohamed Maait tells Al-Ahram Weekly.
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Business
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Economy
3/8/2022 1:48:00 PM
Egypt will have enough wheat reserves to cover eight months of the domestic market’s needs after the local harvest is delivered and the government will import wheat from alternative markets to deal with the current exceptional circumstances caused by the Russian invasion of Ukraine, said Minister of Finance Mohamed Maait.
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Egypt
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Society
3/6/2022 5:29:32 PM
The spike of wheat prices in international markets is expected to increase the cost of the country's imports of such strategic commodity by around EGP 12 to 15 billion surcharge, Egypt's Minister of Finance Mohamed Maait told Bloomberg Asharq on Sunday.
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Business
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Markets & Companies
3/3/2022 1:12:42 PM
Egypt’s government has disbursed over EGP 33 billion (around $2 billion) to 2,500 export companies since October 2019, Minister of Finance Mohamed Maait announced on Thursday.
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Business
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Markets & Companies
2/22/2022 1:31:37 PM
Under the Public-Private-Partnership (PPP) system, Egypt has selected three private sector companies to establish, design, supply, and finance four strategic warehouses for supply commodities.
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Business
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Economy
2/20/2022 4:22:40 PM
Egypt is warming up for applying the Advanced Cargo Information (ACI) system in its airports following the successful implementation of the system in the sea ports, Minister of Finance Mohamed Maait announced on Sunday.
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Business
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Energy
2/15/2022 4:00:39 PM
Egypt’s generated power from renewable resources represents 6,128 MW, constituting 20 percent of the maximum of the country’s total power loads, Minister of Finance Mohamed Maait said on Tuesday.
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Business
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Economy
2/2/2022 2:54:56 PM
Egypt targets lowering the budget’s overall deficit to below 6.7 percent by end of FY2021/2022 and to below six percent in FY2022/2023, down from 7.4 percent in FY2020/21, Minister of Finance Mohamed Maait announced on Wednesday.
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Business
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Economy
2/1/2022 4:08:16 PM
Egypt aims to lower the overall debt-to-GDP ratio to below 90 percent by June 2022 and below 85 percent over the coming three years, down from 108 percent recorded in June 2017, Minister of Finance Mohamed Maait announced on Tuesday.
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Business
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Economy
1/31/2022 3:43:34 PM
Egypt’s Minister of Finance Mohamed Maait stated on Monday that Law 3/2022, which includes amendments to the value-added tax (VAT) and stamp duty laws, introduces new incentives that target stimulating Egypt’s economy, supporting manufacturing sector, and alleviating financial burdens on citizens amid the coronavirus crisis.
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Business
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Economy
1/25/2022 5:23:01 PM
Egypt will raise the local wheat procurement price for the harvest beginning in April by around EGP 670 ($42.66) per tonne amid a rise in global prices, Finance Minister Mohamed Maait said on Tuesday.
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Egypt
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Politics
1/24/2022 12:00:00 AM
Egypt’s Parliament – the House of Representatives – approved on Sunday a draft law aiming to allow the Arab Union Company for Land Transport ‘Super Jet’ to obtain an EGP 800 million loan from a number of Egyptian banks under guarantees provided by Minister of Finance Mohamed Maait.
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Business
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Markets & Companies
1/18/2022 3:26:03 PM
New Japanese companies plan to head to the Egyptian market and to inject fresh investments in the country over the coming period, benefitting from its attractive business and investment atmosphere, said Ambassador of Japan to Egypt Oka Hiroshi.
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Egypt
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Health
1/16/2022 3:26:42 PM
Egypt’s Universal Health Insurance Authority (UHIA) will add over 100 fresh medical services for its beneficiaries within six months after agreeing with the providers from both local and private sectors on the prices of such services, Minister of Finance Mohamed Maait, who is in charge of the authority, said 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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