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Business
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Economy
5/24/2023 6:41:10 PM
Egypt is seeking concessional loans from regional and international development partners to ensure sustainable spending on healthcare, education and food security programs, Minister of Finance Mohamed Maait said on Wednesday.
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Business
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Economy
5/24/2023 5:21:29 PM
Minister of Finance Mohamed Maait assured Egyptian expatriates that the delay in their transfer of imported car fees will not make them ineligible for the duty-free initiative, read a statement on Wednesday.
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Business
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Economy
5/12/2023 4:21:56 PM
Egypt's Minister of Finance Mohamed Maait was in the hot seat on Wednesday and Thursday to respond to attacks he faced from MPs on what what they perceived as an "alarming increase in debt service costs and a widening of the budget deficit."
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Egypt
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Politics
5/9/2023 9:36:40 PM
Minister of Finance Mohamed Maait and Minister of Planning and Economic Development Hala El-Said delivered two statements on Tuesday before parliament on the draft FY2023/24 budget and development plan.
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Business
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Economy
5/9/2023 3:16:58 PM
Egypt’s government has increased its budget deficit estimate to 6.9 percent of GDP for the fiscal year (FY) 2023/2024, which starts on 1 July, compared to an earlier estimate of 6.3 percent, Minister of Finance Mohamed Maait stated in front of the House of Representatives on Tuesday.
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Egypt
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Politics
5/8/2023 6:25:25 PM
Egypt’s Finance Minister Mohamed Maait and Planning and Economic Development Minister Hala El-Said will deliver Tuesday two statements in parliament on the draft FY 2023/24 budget and socioeconomic development plan.
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Business
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Economy
5/8/2023 4:12:13 PM
The Egyptian government is set to make its decision by Wednesday whether to allow citizens returning to the country to bring up to 150 grams of gold duty-free, Minister of Finance Mohamed Maait said on the Al Hekaya Ma Amr Adib TV show Sunday.
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Business
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Economy
5/8/2023 12:59:27 PM
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers since its launch in October 2022, or nearly 30 percent of its original target, according to figures released by Minister of Finance Mohamed Maait on Monday.
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Business
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Economy
5/6/2023 6:38:31 PM
Minister of Finance Mohamed Maait attributed Fitch Ratings' decision to downgrade Egypt's sovereign credit rating -- giving it a Negative Outlook --to the country's continuous struggle against the extreme external pressures resulting from complex global challenges.
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Business
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Economy
5/4/2023 12:53:00 PM
The Universal Healthcare Insurance Agency's (UHIA) revenues recorded over EGP 76 billion ($2.4 billion) with surpluses exceeding EGP 69.5 billion ($2.2 billion) since 2018 until the end of February 2023, including EGP 16.5 billion ($533 million) as investment returns, Minister of Finance and UHIA Head Mohamed Maait announced.
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Business
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Economy
4/27/2023 4:01:42 PM
Minister of Finance Mohamed Maait has announced on Thursday the bylaws for implementing the raises in the new minimum wage system that were decreed by President Abdel-Fattah El-Sisi in March.
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Business
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Economy
4/25/2023 5:50:24 PM
Egypt's Minister of Finance Mohamed Maait signed on Tuesday a memorandum of understanding (MoU) with his Greek counterpart, Christos Staikouras, to enhance financial cooperation, according to a statement released by the Egyptian Ministry of Finance.
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Business
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Economy
4/24/2023 4:50:57 PM
Egypt has released $23 billion worth of imported goods, merchandise and products from the country’s ports and customs since January, announced Minister of Finance Mohamed Maait on Monday.
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Business
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Economy
4/22/2023 4:36:17 PM
Egyptian Minister of Finance Mohamed Maait said on Saturday that external pressures on the country’s economy are behind the recent lowering of Standard & Poor’s (S&P) economic outlook for Egypt from stable to negative.
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Business
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Economy
4/18/2023 11:42:12 PM
Egypt’s Finance Minister Mohamed Maait said Tuesday that the treasury gathered $500 million in transfers from Egyptian ex-pats under a provisional programme allowing them to import customs-free cars.
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Business
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Economy
4/10/2023 4:46:39 PM
Egypt is continuing to support domestic agricultural and industrial production despite harsh global economic challenges, Egypt's Minister of Finance Mohamed Maait announced on Sunday.
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Business
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Economy
4/8/2023 10:28:44 PM
Egypt has added $385 million to its treasury from an initiative that allows Egyptians living abroad to import cars customs-free against depositing equivalent sums in hard currency in five-year CDs.
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Egypt
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Health
4/7/2023 10:55:01 PM
Finance Minister Mohamed Maait announced on Friday that the allocation for Egypt's health sector in the new budget has increased by 14 percent to reach EGP 111.2 billion.
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Business
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Economy
3/30/2023 11:31:32 AM
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December, announced Finance Minister Mohamed Maait.
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Business
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Economy
3/21/2023 8:05:16 PM
Egyptian Minister of Finance Mohamed Maait has called on the Economic Commission for Africa (ECA) to support Egypt’s ‘Sustainable Debt Coalition’ initiative, inviting member states to join the coalition in order to “unify the African position on the debt crisis in international forums.”
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