Latest in Tag: finance minister Highlight
Latest in Tag: finance minister

Egypt allocates EGP 3.9bn to support social housing during FY 2019/20: Finance Minister
Government transfers about EGP 345bn to pension funds in 25 months

Automation of Egypt’s customs sped up to reduce foreign trade costs: Finance Minister
Ports will become transit gates for goods, rather than merely place for storage, says Maait

Egypt keen on stable tax policies to attract more investors: Finance Minister
New MSMEs law includes many incentives to integrate informal sector with formal economy

Egypt’s green investments expanded by presidential mandate: Finance Minister
Percentage of green public investments doubled to reach 30% in new budget, says Maait

From now on, taxpayers must disclose unified tax number when advertising goods: Finance Minister
Announcement will be mandatory component of advertisement, so that taxpayers can avoid tax evasion

High turnout in 3rd phase of lump-sum export subsidy dues payment: Finance Minister
Total of 600 exporting companies submitted applications during 1st week of 3rd phase

Presidential mandate removes obstacles to private sector, advance its activities: Finance Minister
This mandate also endeavours to advance the private sector’s activities in various sectors, which contribute to maximising production capacities and deepening the local component in the national industry.

Structural reforms to enhance private sector participation in development: Finance Minister
Egypt’s Finance Minister meets South Korean Ambassador to discuss bilateral relations

Egypt Government policy of fiscal, monetary policy harmony reduced COVID-19 repercussions: Finance Minister
Country attracted international praise for quickly dealing with global health crisis, delivering strong performance by implementing all targeted reforms on time

Egypt should brace public-private partnership on comprehensive health insurance: Finance Minister
This is with a view to ensure the success of the comprehensive health insurance system, through the serious pursuit of contracting with major hospitals and private health and medical centres across Egypt. This will take place once these hospitals and centres are approved by the General Authority for Control and Accreditation.

Egypt prepares to issue its first sovereign sukuk: Finance Minister
Government to establish state-owned company to manage, implement sukuk process

EGP 600bn allocated to develop Egyptian countryside: Finance Minister
Public Treasury and Mint to produce coins highlighting national achievements

New facilities to beneficiaries of vehicle replacement initiative: Finance Minister
New steps aim to reduce time required for issuing final approval for new vehicle financing

Only goods imported through ACI system to enter Egypt from July: Finance Minister
400 major import companies join ACI pre-registration shipment system, did not reject requests to import shipments through new system

Egypt’s incentive programmes target expanded private sector investment, development: Finance Minister
Country achieved initial surplus of EGP 48bn between July 2020 and April 2021, says Mohamed Maait

250 importers join Egypt’s ACI system within month: Finance Minister
System forms part of electronic information platform that aims to facilitate, enable customs procedures

Egypt supports Afreximbank’s efforts to facilitate COVID-19 vaccine access in Africa: Finance Minister
Egypt backs African economies in light of pandemic in order to sustain production, says Maait

22 million real estate units in Egypt registered electronically so far: Finance Minister
Modernising, automating real estate tax administration system taking place to make it easier for citizens, said Mohamed Maait

Egypt to bring on new leading customs staff to achieve economic targets: Finance Minister
All land, sea, and air ports will be connected through electronic ‘one-stop shop’ system

Egypt keen to increase public investments to improve citizens’ quality of life: Finance Minister
Mohamed Maait, Canadian Ambassador in Cairo discuss strengthening economic, development cooperation, trade partnership

Finance Minister begins official 2-day visit to Khartoum
Visit to include discussions on ways to strengthen economic relations between two countries

Finance Minister invites investors to benefit of Egypt’s promising development opportunities
Egypt achieves initial surplus of EGP 25bn despite negative effects of COVID-19 crisis

Companies uncommitted to e-invoice system will be referred to prosecution: Finance Minister
Egyptian law stipulates that every taxpayer is obliged to issue tax invoice or receipt in electronic form

Taxpayers given to 15 May to join e-invoice system: Finance Minister
400 companies have completed integration processes with e-invoice system

State employees to receive salaries via Meeza cards by 2021 end: Finance Minister
Ministry targets converting 1.2 million payroll cards into Meeza cards between February-April, in cooperation with 9 banks and Egypt Post, says Mohamed Maait

Al-Sisi directs for strengthening financial governance in ‘Digital Egypt’: Finance Minister
About 51,000 e-signature certificates have been issued to government sector since 2009, says Mohamed Maait

Egypt offers EGP 5.3bn in irregular labourers’ aid amid COVID-19: Finance Minister
Period from July 2020 to January 2021 witnessed spending increase on social protection programmes, amounting to EGP 114bn

Simplified tax system could be applied to SMEs: Egypt’s Finance Minister
Addressing business owners, Egypt’s Finance Minister said, “You will not go to the tax authority, and a tax officer will not visit you.”

Egypt’s improved PMI reflects economy’s recovery, restored production: Finance Minister
This proves that the country’s economic situation is overcoming the negative effects of the novel coronavirus (COVID-19) pandemic.

Egypt’s tax, customs departments to be e-linked by June 2022 end: Finance Minister
Linking all Egyptian ports to electronic platform to simplify procedures, reduce cost of goods, and reduce customs clearance time to less than three days, says Mohamed Maait