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Business
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Economy
1/11/2024 5:03:17 PM
Egypt's zero-customs car import initiative has seen an influx in demand in the first two months of its second phase. Registration applications increased over three-fold compared to the same period in the initial phase, Finance Minister Mohamed Maait stated on Thursday.
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Economy
1/9/2024 9:24:28 PM
A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme with the International Monetary Fund (IMF), in addition to exploring a new additional loan for the country amid its ongoing serious economic situation.
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Economy
1/9/2024 1:34:19 PM
President Abdel-Fattah El-Sisi has instructed the government to increase spending on improving Egyptians’ quality of life in the upcoming fiscal year 2024/2025, which starts on 1 July, Minister of Finance Mohamed Maait stated on Tuesday.
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Economy
12/31/2023 2:07:47 PM
The Egyptian government is set to continue improving wage levels in 2024 to alleviate the financial burdens faced by citizens since the wake of the COVID-19 pandemic and amid subsequent geopolitical tensions, Minister of Finance Mohamed Maait said on Sunday.
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Economy
12/26/2023 2:17:29 PM
Egypt's private sector is poised to drive economic recovery and foster growth in the country throughout 2024, said Minister of Finance Mohamed Maait, according to an official statement on Tuesday.
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Business
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Economy
12/20/2023 1:59:04 PM
Egypt has initiated negotiations with India to explore the possibility of issuing rupee-denominated bonds in the Indian markets, Minister of Finance Mohamed Maait said during a press conference on Wednesday.
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Business
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Economy
12/17/2023 6:12:08 PM
Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates for production sectors, covering agricultural, industrial, and tourism activities, Minister of Finance Mohamed Maait said on Sunday.
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Economy
12/17/2023 2:53:57 PM
The Egyptian government's decision to rationalize spending will not affect crucial sectors such as health, supply goods, petroleum and gas supplies, as well as the solidarity and dignity initiative, said Minister of Finance Mohamed Maait, according to a statement on Saturday.
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Business
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Economy
11/27/2023 6:39:26 PM
Egypt doesn’t collect the value-added tax (VAT) in foreign currency on imports but on goods and services that are typically paid for in foreign currency, said Minister of Finance Mohamed Maait on Monday, according to a Cabinet statement.
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Business
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Economy
11/26/2023 12:12:28 PM
The Egyptian government has announced the allocation of EGP 202 billion for supporting its pension system during the fiscal year (FY) 2023/2024, said Mohamed Maait, minister of finance, according to an official statement on Saturday.
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Business
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Economy
11/20/2023 5:06:11 PM
The value of services provided through the electronic payment and collection system has reached EGP 7.8 trillion since its launch in 2019, Egypt’s Minister of Finance Mohamed Maait said in a statement on Monday.
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Business
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Economy
11/14/2023 4:56:14 PM
Egypt is considering a presence in the Indian stock markets, said Minister of Finance Mohamed Maait during a meeting with India’s Ambassador to Cairo Ajit Gupte on Tuesday.
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Business
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Economy
11/7/2023 4:44:02 PM
Egypt's Minister of Finance Mohamed Maait announced that around 100,000 citizens residing abroad have registered online for the zero-customs car import initiative since it was relaunched last week.
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Business
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Economy
11/6/2023 3:26:06 PM
Egypt's Minister of Finance Mohamed Maait announced that draft legislation amending the income tax law will be presented for community dialogue soon, according to an official statement on Monday.
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Business
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Economy
11/4/2023 4:24:45 PM
Minister of Finance Mohamed Maait said that Fitch's latest move lowering Egypt’s credit rating reflects the country’s struggle against extreme external pressures resulting from complex global challenges including geopolitical tensions, according to a statement on Saturday.
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Business
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Economy
11/2/2023 2:04:09 PM
Egypt issued its second batch of Yen-denominated Samurai bonds with a value of ¥75 billion (about $500 million) in a five-year tenor and with a regular dividend of 1.5 percent, Minister of Finance Mohamed Maait said in a statement on Thursday.
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Business
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Economy
10/23/2023 5:01:26 PM
Egypt is planning to issue a batch of $500 million yen-denominated Samurai bonds for the third time before the end of November, according to Minister of Finance Mohamed Maait on Sunday.
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Business
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Economy
10/15/2023 6:21:25 PM
Egypt is actively working to enhance its social protection system, aiming for greater flexibility, inclusivity, and sustainability, according to Minister of Finance Mohamed Maait, speaking on Saturday at the International Monetary Fund (IMF) and World Bank (WB) meetings in Marrakesh.
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Business
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Economy
10/15/2023 2:58:30 PM
The International Monetary Fund (IMF) will announce the dates for the first and second reviews of Egypt’s economic reform programme by the end of October, Minister of Finance Mohamed Maait stated on Saturday.
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Business
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Economy
10/12/2023 5:16:55 PM
Minister of Finance Mohamed Maait said that issuing $500 million Chinese Panda bonds aims to support Egypt's green economy transition through expanding projects of green transportation, renewable energy, sustainable management of water, and sanitation.
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