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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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Business
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Economy
3/16/2023 12:11:52 PM
Egypt is considering the addition of eight state-owned companies to its 32 companies that will be listed under the government’s initial public offering (IPO) programme or offered for strategic investors, Minister of Finance Mohamed Maait said on Wednesday.
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Business
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Economy
3/12/2023 6:13:03 PM
Egypt has become qualified to attract both foreign and local investments and is providing all necessary facilities to encourage production in sectors that are of national priority, Egypt’s Minister of Finance Mohamed Maait told the Indian Ambassador Ajit Gupte in a meeting on Sunday.
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Business
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Economy
3/5/2023 10:53:00 PM
Egypt's Minister of Finance Mohamed Maait said an annual package of EGP 150 billion to increase salaries and pensions decided by President Abdel-Fattah El-Sisi will cost the state's treasury an estimated amount of EGP 150 billion.
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Business
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Economy
2/22/2023 12:34:39 PM
Egypt sold on Tuesday its first US-denominated sovereign bonds, Islamic sukuk, with a total value of $1.5 billion, Minister of Finance Mohamed Maait said on Wednesday.
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Business
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Economy
2/13/2023 2:39:38 PM
Egypt is adopting an economic reform trajectory that contributes to supporting its financial discipline and decreasing debt to GDP ratio and budget deficit, Minister of Finance Mohamed Maait told the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday.
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Business
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Economy
1/10/2023 10:11:04 PM
Minister of Finance Mohamed Maait said that the government has no intention to extend the deadline for the initiative launched for Egyptians living abroad to import cars into the country, free of custom duties and taxes, after its expiry date determined by law on 14 March.
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Al-Ahram Weekly
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Economy
1/6/2023 6:24:00 PM
The rules under which Egyptians abroad can import tax-free cars are being eased.
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Al-Ahram Weekly
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Egypt
12/31/2022 10:38:00 PM
The war in Ukraine is dictating a new future for global energy markets with Egypt being no exception.
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Business
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Economy
12/27/2022 5:24:03 PM
Egyptian expats wishing to take advantage of a government initiative to import cars to Egypt free of custom duties and taxes are now no longer required to have deposits covered for three months in their bank accounts before starting the process, Minister of Finance Mohamed Maait said.
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Egypt
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Society
12/9/2022 7:38:07 PM
Minister of Finance Mohamed Maait announced on Thursday extending the registration deadline for a new Egyptian Tax Authority (ETA) electronic invoice system -- initially scheduled for 15 December -- until 30 April 2023.
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Business
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Economy
12/5/2022 3:34:24 PM
Egypt hopes to receive in December the first tranche, worth $750 million, of the $3 billion loan from the International Monetary Fund (IMF), Minister of Finance Mohamed Maait said in statements to Alsharq Bloomberg on Sunday.
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Business
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Economy
11/28/2022 4:22:37 PM
Egypt offers foreign investors, especially Chinese businessmen, diverse and promising opportunities for investment, said CEO of the Egyptian Sovereign Wealth Fund (SWF) Ayman Soliman on Sunday.
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Business
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Economy
11/19/2022 5:17:28 PM
About 10,000 Egyptian expatriates registered over the past 48 hours on the Egyptians Expats Cars app, which will allow them to apply to import cars for personal use without paying customs, Egypt’s Minister of Finance Mohamed Maait said on Saturday.
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Egypt
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Foreign Affairs
10/28/2022 4:39:00 PM
Egypt is set to host the upcoming annual meetings of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh on 25-26 September 2023, Egypt’s Minister of Finance and Governor of Egypt to the AIIB Mohamed Maait announced on Friday.
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Business
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Economy
10/23/2022 10:26:57 PM
Finance Minister Mohamed Maait said on Sunday that Egypt aims to cut the public budget deficit to only four percent; a figure that has not been achieved for 42 years.
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Business
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Economy
10/16/2022 9:16:12 PM
Egypt expects to attract foreign currency worth around EGP 50 billion ($2.5 billion) from the four-month initiative announced recently by the government that allows Egyptians expats to import personal cars free of customs duties or taxes, Finance Minister Mohamed Maait said on Sunday.
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Business
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Economy
10/13/2022 2:11:18 PM
Egypt's Finance Minister Mohamed Maait said that negotiations between Egypt and the International Monetary Fund (IMF) over a new financing package are going well, noting that both sides agreed on all aspects related to the package.
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