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Egypt
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Urban & Transport
9/20/2022 7:11:00 PM
The Ministry of Finance has extended the deadline for importers to register in the Advanced Cargo Information (ACI) system at airports to 1 January 2023 to give importers more time to prepare, Minister of Finance Mohamed Maait announced on Tuesday.
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Business
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Economy
9/17/2022 3:35:14 PM
The tracking unit at the Egyptian Customs Authority (ECA) has disposed of 99 percent of abandoned and hazardous goods at ports since January 2020 to ensure health and safety.
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Business
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Markets & Companies
9/15/2022 4:42:49 PM
“We have received the cabinet's approval to release a new EGP 2 coin to save several coin denominations," Minister of Finance Mohamed Maait announced on Thursday.
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Business
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Economy
9/14/2022 2:33:28 PM
Egypt’s economy has tripled in size over the past six years despite the economic challenges, Minister of Finance Mohamed Maait told the Korean Ambassador in Egypt Hong Jin-wook on Wednesday during a meeting at the finance ministry headquarters in the presence of a delegation of Korean investors.
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Business
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Economy
9/4/2022 5:23:27 PM
Finance Minister Mohamed Maait issued on Sunday regulations governing customs duties that have been reduced on 150 types of imported production inputs in a bid to stimulate national industry and maintain employment rates.
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Al-Ahram Weekly
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Egypt
8/31/2022 9:54:00 AM
Finance Minister Mohamed Maait slams foreign reports which claim Egypt is facing a financial crisis, reports Al-Ahram Weekly.
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Business
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Economy
8/30/2022 4:48:09 PM
Egypt’s Finance Minister Mohamed Maait said that a package of exceptional measures has been approved to facilitate the release of imports and to ease burdens on investors and importers amid the ongoing international economic crisis.
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Business
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Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.
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Business
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Economy
8/28/2022 3:18:38 PM
Finance Minister Mohamed Maait asserted Egypt is interested in boosting cooperation with Britain in the field of minting through exchanging experiences and capitalising on special cadres in the two countries.
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Business
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Economy
8/24/2022 3:09:41 PM
Minister of Finance Mohamed Maait reviewed Wednesday the outcome of the meetings held between Head of the Egyptian Customs Authority (ECA) Al-Shahat Ghatouri and director of the Jordanian customs department.
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Business
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Economy
8/8/2022 5:08:38 PM
Egypt is considering plans to list the assets of its Universal Healthcare Insurance System (UHIS) in the Egyptian Exchange (EGX) to diversify its investment portfolio and increase the yields of invested funds, Minister of Finance and UHIS Chairman Mohamed Maait said on Monday.
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Al-Ahram Weekly
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Egypt
8/3/2022 12:10:00 PM
Recent rises in US interest rates are driving the dollar higher against other world currencies, including the Egyptian pound.
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Business
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Economy
7/27/2022 6:42:27 PM
Talks between Egypt and the International Monetary Fund (IMF) on an Egyptian request for a new loan have achieved "great progress," and the government is still working to resolve disputed points with the international lender, Minister of Finance Mohamed Maait told Al-Arabiya on Wednesday.
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Egypt
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Health
7/24/2022 5:03:24 PM
Minister of Finance Mohamed Maait stated on Sunday that the Universal Health Insurance System (UHIS) would be implemented in all Egyptian governorates within 10 years upon a presidential mandate to compress its 15-year planned timetable, a statement by the ministry said.
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Business
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Economy
7/12/2022 3:50:57 PM
Minister of Finance Mohamed Maait assured that the government has allocated EGP 1.1 billion in the new budget to establish utilities for 13 industrial complexes in several governorates with the aim of providing a stimulating infrastructure for the owners of small, medium, and micro enterprises (SMEs).
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Business
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Economy
7/10/2022 5:33:24 PM
Egyptian Minister of Finance Mohamed Maait said on Sunday that EGP 356 billion of the fiscal year (FY) 2022/23 budget has been allocated for social protection and subsidization, while another EGP 400 billion will go for improving conditions of public employees including wages and compensations.
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Business
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Economy
7/9/2022 4:02:51 PM
Egypt’s Finance Minister Mohamed Maait said EGP 40 million of loose coins and new banknotes were issued in July, at a 10 million pounds rise, on the occasion of Eid El-Adha.
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Business
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Economy
7/5/2022 4:00:59 PM
The prices of imported wheat and oil have hiked, which poses a burden on the state’s finances and budget, Minister of Finance Mohamed Maait said on Monday, asserting that the Ministry of Finance is managing the country’s financial matters under pressure.
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Business
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Economy
6/27/2022 6:34:14 PM
Egypt is expected to attain a 6.2 percent in real GDP growth by the end of the current FY2021/22 — which will conclude by the end of June — with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to Minister of Finance Mohamed Maait.
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Business
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Economy
6/23/2022 5:16:50 PM
A new Egypt deal with the International Monetary Fund (IMF) could be under the Extended Fund Facility (EFF) for four years, but a programme under the Stand-by Arrangement (SBA) and the Financial Programming and Policies are also on the table, Egypt’s Minister of Finance Mohamed Maait told Bloomberg TV.
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