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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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Business
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Economy
6/22/2022 2:55:43 PM
Egypt and Qatar signed a memorandum of understanding (MoU) in Doha on financial policy coordination between their finance ministries on the sidelines of the Qatar Economic Forum.
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Egypt
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Politics
6/20/2022 6:42:38 PM
The coronavirus pandemic and the Russian-Ukrainian War cost Egypt EGP 440 billion in losses over the past two years, said Minister of Finance Mohamed Maait on Monday while delivering his conclusive speech at the House of Representatives.
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Business
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Economy
6/19/2022 11:34:00 PM
Finance Minister Mohamed Maait told MPs in a plenary session on Sunday that the drafting of Egypt's FY 2022/23 budget was prepared amid very exceptional circumstances, including foreign inflation brought about by the war in Ukraine.
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Business
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Markets & Companies
6/12/2022 5:12:14 PM
Egypt’s government targets attracting foreign direct investments (FDIs) worth $10 billion annually to improve the country’s economic development and create more job opportunities, Minister of Finance Mohamed Maait stated on Sunday.
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Business
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Economy
6/4/2022 10:33:33 PM
Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
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Business
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Economy
6/4/2022 11:17:49 AM
Egypt’s Finance Minister Mohamed Maait and his Qatari counterpart Ali bin Ahmed Al-Kawary affirmed the importance of boosting bilateral cooperation amid the current global economic crisis in order to mitigate its impact on citizens.
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Business
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Economy
5/27/2022 5:25:12 PM
Minister of Finance Mohamed Maait described on Friday Moody's decision to affirm Egypt's credit rating despite the complex external shocks facing the global economy and emerging countries as "a very positive decision."
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Al-Ahram Weekly
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Opinion
5/24/2022 9:52:33 PM
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Business
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Economy
5/22/2022 12:12:24 PM
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY 2021/2022 — ends on 30 June — up from $5.5 billion last year, Minister of Finance Mohamed Maait said on Saturday.
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Business
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Economy
5/11/2022 2:52:57 PM
Minister of Finance Mohamed Maait announced on Wednesday that the government is considering issuing Yuan-dominated bonds that will target the Chinese market, which is the second largest bond market globally.
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Egypt
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Politics
5/9/2022 5:14:40 PM
Egypt's finance minister Mohamed Maait and planning and economic development minister Hala El-Said presented two statements on the draft budget of FY 2022/23 and the socio-economic development plan to the House of Representatives in a plenary session on Monday.
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Egypt
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Politics
5/7/2022 6:33:52 PM
Following a two-week holiday, Egypt’s lower house of Parliament — the House of Representatives — will get down to business this week by holding plenary sessions on Sunday, Monday, and Tuesday.
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Business
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Economy
5/6/2022 8:30:45 PM
Minister of Finance Mohamed Maait said in a statement on Friday that the general budget is more flexible in light of the severe world economic crises.
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Egypt
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Health
5/4/2022 4:27:20 PM
Finance Minister Mohamed Maait asserted on Wednesday that the country's new Universal Health Insurance System (UHIS) will implemented across all governorates, in line with presidential directives, in spite of the global economic challenges.
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Egypt
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Health
4/22/2022 4:05:03 PM
Egypt’s Medical Syndicate (EMS) called on Minister of Finance Mohamed Maait on Thursday to tackle the problem of the intern doctors’ salaries, which it says are “a lot lower than mandated by law.”
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Egypt
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Politics
4/19/2022 5:02:40 PM
Finance Minister Mohamed Maait revealed Tuesday that the government of Prime Minister Mostafa Madbouly has formed an ad hoc committee "to study the file of foreign borrowing and restrict it to very narrow limits."
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Business
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Tech
4/17/2022 5:12:23 PM
About 73 percent of all of the government’s contracts were signed with micro- and small-sized businesses over the past 41 months, which reflects the support the state attaches to them in terms of maximising their production capacities, Minister of Finance Mohamed Maait said on Saturday.
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