Latest in Tag: finance minister Highlight
Latest in Tag: finance minister
We aim to attract $10bn FDI annually: Finance Minister
We look forward to increasing Singapore’s investments in various sectors of sustainable development in Egypt
It’s time to deepen Arab economic cooperation: Finance Minister
It has become very difficult for emerging countries to obtain financing from international markets: Maait
Finance Minister calls for increasing global financing for developing, African countries
We greatly rely on US support for climate action: Maait
Egypt gathers international financial institutions in Sharm El-Sheikh on 9 November: Finance Minister
IMF Managing Director, UN Envoy, and President of AIIB to participate in ‘Finance Day’
Finance Minister meets representatives of international institutions during IMF & World Bank Annual Meetings
Participants in discussions on economic recovery from global challenges
Egypt spends EGP 465m in green stimulus, as part of obsolete vehicle replacement initiative: Finance Minister
Government aims to expand initiative in conjunction with COP27
Total value of social insurance, pensions to reach EGP 45trn until 2068: Finance Minister
Ministry transferred over EGP 558bn to pension funds since 2019: Maait
We are committed to taking exceptional measures to facilitate imports release, ease burdens on investors: Finance Minister
Importers to be given enough time to complete procedures necessary for customs release
Egypt’s economic performance in FY2021/22 reassuring to global business community: Finance Minister
The minister stressed that Egypt still has promising and attractive opportunities for local and foreign investments in various fields
Egypt’s diversifying financing have proven right in light of global challenges: Finance Minister
We aim to issue Panda bonds in Chinese yuan, along with first sovereign sukuk offering
Finance Minister’s decision to release some backed-up goods from ports is temporary
We are still suffering from opening documentary credits and many importers are waiting for their turn in the queue: Logistics Services Division
Egypt launches 5th phase of lump-sum export subsidy dues payment: Finance Minister
Application to new phase to run from 28 August to 15 September
Egypt simplifies business procedures to stimulate investment: Finance Minister
Mohamed Maait listens to investors in open dialogue about tax, customs challenges
Government works on putting debt-to-GDP ratio on downward path: Finance Minister
Maait said: “We will continue our efforts to put the debt-to-GDP ratio on a downward path, reduce its burdens, and develop public financial management, by pursuing more flexible fiscal policies that are able to deal positively with internal and external shocks, and achieve economic and development goals.”
Receipt of requests to end tax disputes until end of December 2022: Finance Minister
The system has ended 58,871 tax disputes from September 2016 until the end of June 2022 with a value exceeding EGP 41.149bn
We have a promising market that meets the insurance needs of investors in major projects: Finance Minister
This is especially the case since the government has succeeded in improving the business environment for insurance companies and encouraging small- and medium-sized business to foster a promising market that meets the insurance needs of investors in major development projects.
Egypt’s PM, Finance Minister review objectives of upcoming FY’s budget
The PM stressed the state’s continued efforts to stimulate economic and productive activities that support growth, especially in the industrial and export sectors
localisation of industry, deepening local production are Egypt’s top priority: Finance Minister
We are keen on deepening mechanisms of direct, effective communication with the business community to closely identify any tax or customs obstacles: Finance Minister
Egypt in talks with Qatar over $3bn of investments: Finance Minister
The minister also expected that the remittances of Egyptians abroad will reach about $31bn-32bn by the end of the current FY.
Egypt spends EGP 465m in green stimulus, as part of obsolete vehicle replacement initiative: Finance Minister
Over 20,000 citizens benefit from presidential initiative during FY2022: Maait
We look forward to converting Gulf deposits in Egypt into real investments: Finance Minister
Maait also indicated his appreciation for the Gulf’s growing role in supporting Egypt during the current global economic crisis that was exacerbated in the wake of the coronavirus pandemic and the outbreak of war in Europe, which imposes on us — as an Arab society — a necessity to cooperate and integrate to protect Arab economies from exceptional global challenges.
Finance Minister ask businesses to pay taxes before end-June to realize new facilities
Maait stressed that these new tax facilities reflect the state’s keenness to respond effectively to the demands of taxpayers and the business community, and reduce their financial and tax burdens
Successive global economic crises doubled importance of alternative financing: Finance Minister
Egypt is leading the transition to a green economy in MENA
Egypt to offer new investment incentives to encourage private sector: Finance Minister
Egypt has become major destination for British investments in Middle East: British Ambassador in Cairo
Development, automation of 90% of financial directorates to be completed before end of June: Finance Minister
The government is paying special attention to rationalising public spending
Egypt to complete payroll automation for state employees by 2022-end: Finance Minister
Ministry, in cooperation with e-finance, has prepared guide for payroll system
Egypt’s expenditures reach EGP 2.71trn, revenues at EGP 1.518trn in 2022/23 draft budget: Finance Minister
Debt service ratio reduced to 7.6% of GDP, 33.3% of budget expenditures
EGP 2bn allocated to supporting special funds in governorates, ensuring social stability for workers: Finance Minister
He explained that the Ministry of Finance is following up on the monthly salary payment of these employees to identify their needs based on recent financial increases, taking into account the social aspect to help them maintain familial and social stability in light of the current circumstances.
Egypt’s economy succeeded in dealing with shocks throughout FY2020/21: Finance Minister
Surplus is used to finance part of the interest on public debt
Luxor, Aswan added to list of beneficiaries of Vehicle Replacement Initiative: Finance Minister
The Public Treasury paid out EGP 405m for 17,900 new cars allocated to citizens who completed their procedures on the website