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"Mohamed Maait"

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Business - Economy
5/20/2024 2:41:42 PM
The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Mohamed Maait stated on Monday.

Al-Ahram Weekly - Economy
5/15/2024 10:34:00 AM
Finance Minister Mohamed Maait has been heavily criticised by MPs over Egypt’s growing debt crisis.

Business - Economy
5/12/2024 3:15:53 PM
Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Sunday a financing agreement worth $100 million.

Al-Ahram Weekly - Economy
4/30/2024 9:32:43 PM
Debate on Egypt’s new state budget and socio-economic development plan kicked off in parliamentary committees this week.

Business - Economy
4/18/2024 3:29:41 PM
Egypt is committed to reducing the debt-to-GDP ratio to below 80 percent by 2027 through a series of integrated measures, Minister of Finance Mohamed Maait stated.

Business - Economy
4/17/2024 12:30:02 PM
Egypt’s government plans to complete the privatization of the state-owned companies within a period of 3 to 5 years, Minister of Finance Mohamed Maait stated to Asharq News.

Business - Economy
4/13/2024 1:36:52 PM
Minister of Finance Mohamed Maait said Egypt released imported goods worth $ 8 billion between March and April 2024.

Business - Economy
4/9/2024 12:44:00 PM
The budget initial surplus has jumped over 8.5 folds during the first nine months of the current fiscal year (FY) 2023/2024 to EGP 416 billion (three percent of GDP), compared to EGP 50 billion (0.5 percent of GDP) in the same period of FY2022/2023, Minister of Finance Mohamed Maait announced on Monday.

Egypt - Society
4/4/2024 12:27:28 PM
Zero-customs car import initiative has brought in over $750 million, Minister of Finance Mohamed Maait stated on Thursday, nearly three weeks before the end of the scheme.

Business - Economy
3/27/2024 6:10:25 PM
Egypt’s cabinet has approved in its meeting on Wednesday the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives by the end of March, the cabinet said in a statement.

Business - Economy
3/25/2024 1:08:43 PM
A presidential decree establishing the Supreme Council of Taxes was issued on Monday, Minister of Finance Mohamed Maait announced.

Business - Economy
3/19/2024 5:30:59 PM
Minister of Finance Mohamed Maait said the state is placing a stringent ceiling of EGP 1 trillion on public investments in the upcoming fiscal year 2024/25, while also capping public debt.

Egypt - Society
3/16/2024 6:56:21 PM
A total of 25,000 cars imported to the country by Egyptian expats have been released from the customs department as part of the country’s zero-customs car import initiative, Minister of Finance Mohamed Maait stated.

Business - Economy
3/13/2024 3:22:55 PM
The European Union (EU) will provide Egypt with a €7.4 billion (over $8 billion) package varying between grants and loans. The package is meant to shore up Egypt's economy from the the repercussions of the Israel war on Gaza and the conflict in Sudan, Financial Times (FT) reported on Wednesday.

Business - Economy
3/13/2024 1:36:49 PM
The value of the commodities released over the past 10 days from ports amounted to $1.7 billion, Egypt’s Minister of Finance Mohamed Maait stated on Wednesday.

Business - Economy
3/12/2024 3:00:39 PM
Egyptian government targets a primary surplus of 3.5 percent in its GDP in the upcoming fiscal year (FY) 2024/2025, Minister of Finance Mohamed Maait announced on Tuesday.

Business - Economy
2/28/2024 11:03:33 PM
Minister of Finance Mohamed Maait emphasized that amid the various challenges faced by the global economy, there is a strong need for flexible financial policies.

Business - Economy
2/19/2024 1:43:12 PM
The Ministry of Finance will submit a Tax Policy Strategy for Egypt 2024/2030 document to the National Dialogue next week, Minister of Finance Mohamed Maait said in a statement on Monday.

Al-Ahram Weekly - Egypt
2/13/2024 9:51:58 PM
On Monday, the House of Representatives approved five bills earmarking LE180 billion to fund a new package of wage and pension hikes, tax breaks, and social protection programmes, reports Gamal Essam El-Din

Business - Economy
1/29/2024 4:25:59 PM
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday.

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