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Business
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Economy
4/6/2025 3:17:28 PM
"The new US tariffs have made it difficult to accurately assess the global economic landscape," said Mohamed Maait, the Executive Director of the Arab Group at the International Monetary Fund (IMF), as reported by Egyptian media outlet Cairo24.
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Business
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Economy
3/11/2025 4:37:08 PM
Egypt will receive the $1.2 billion fourth tranche of its loan under the Extended Fund Facility (EFF) programme within days, International Monetary Fund (IMF) executive director Mohamed Maait told Al-Arabiya Business via phone interview on Tuesday.
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Business
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Economy
10/27/2024 12:58:11 PM
Egypt’s former minister of finance Mohamed Maait has been elected as the executive director and member of the Executive Board, representing Arab countries and the Maldives at the International Monetary Fund (IMF), the Egyptian cabinet announced on Saturday.
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Business
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Economy
6/23/2024 7:53:07 PM
The value of e-payment and collection services in Egypt grew by 19 percent to EGP 2.5 trillion during the first 11 months of the current FY2023/2024, which ends on 30 June, up from EGP 2.1 trillion during the corresponding period of the previous FY2022/2023, Egypt’s Minister of Finance Mohamed Maait said in a statement on Sunday.
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Egypt
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Urban & Transport
6/21/2024 6:42:39 PM
Minister of Finance Mohamed Maait said Egypt has so far handed over more than 28,000 cars to beneficiaries of the presidential initiative to replace car models going back 20 years or more with modern and environmentally friendly ones.
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Business
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Economy
6/17/2024 5:49:00 PM
Egypt is considering regular reviews to increase the "zero-tax bracket" following inflation rates as part of the new income tax bill, Minister of Finance Mohamed Maait announced Monday.
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Business
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Economy
6/11/2024 5:01:15 PM
Egypt, with its geographical location, acts as a gateway between Asia and Africa and is a crucial corridor for global trade, underscoring its importance in the global economic system, said President of the BRIC’s New Development Bank (NDB) Dilma Rousseff.
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Business
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Markets & Companies
6/11/2024 12:50:08 PM
360 export companies have received their overdue receivables under the seventh phase of the Immediate Cash Payment initiative, amounting to EGP 5 billion, Minister of Finance Mohamed Maait stated on Tuesday.
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Egypt
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Health
6/9/2024 1:22:29 PM
Egypt is keen to support the Africa Centres for Disease Control and Prevention initiative, which aims to establish a continental platform for dialogue on mechanisms for innovative financing of the health sector in Africa, Minister of Finance Mohamed Maait said Sunday in a statement.
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Business
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Economy
5/28/2024 10:49:56 PM
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that there will be no increase in income tax rates or brackets, including the commercial and industrial profits tax.
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Business
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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.
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Al-Ahram Weekly
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Economy
5/15/2024 10:34:00 AM
Finance Minister Mohamed Maait has been heavily criticised by MPs over Egypt’s growing debt crisis.
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Business
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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.
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Al-Ahram Weekly
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Egypt
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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.
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Business
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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.
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