BRICS New Development Bank forum opens in Cairo
The NDB held its first forum in Cairo's New Administrative Capital, with Egyptian President Abdel Fattah al-Sisi in…
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Egypt’s Minister of Finance Mohamed Maait
Egypt targets primary surplus of 3.5% in FY2024/25
Egypt aims for an initial surplus of 3.5 per cent in the general budget for fiscal year 2024/2025, with a target to…
Flexible macroeconomic risk management helps Egypt contain shocks – Maait
Moody’s, global rating agency, maintained Egypt’s sovereign credit rating at Caa1, Egypt’s finance minister Mohamed…
Egypt to increase spending on education, health in ’24-25 budget
Egyptian President Abdel Fattah al-Sisi directed the Finance Minister to increase spending on improving the lives…
AIIB to provide additional $1bn financing for Egypt’s private sector: minister
Egyptian Finance Minister Mohamed Maait said on Tuesday that the Asian Infrastructure Investment Bank (AIIB) will…
Egypt to boost economic relations with Hong Kong – minister
Egypt is set to boost its economic relations with Hong Kong, said Egyptian Minister of Finance Mohamed Maait on…
Egypt settles $52bln in foreign debts over past 2 FYs: Finance Minister
Egypt has settled $52 billion of its foreign liabilities during the previous two fiscal years (FYs) 2022/2023 and…
Egypt Minister of Finance expects to raise $2bn foreign funds before end of 2023
Egypt’s Minister of Finance Mohamad Maait said on Thursday that new additional finance - unlike the rollout…
Egypt seeks to attract more South Korean investments – minister
Egypt’s Minister of Finance Mohamed Maait said during his meeting with South Korean Ambassador to Cairo, Kim…
Egypt achieves primary surplus in FY 2022/2023 – minister
Egypt has achieved a primary surplus of 164.3 billion Egyptian pounds, equivalent to 1.63 percent of the gross…
Egypt’s economy might grow 4.2% in FY 2023/24 – Morgan Stanley
Egypt’s economy and gross domestic product (GDP) to grow 4.2 percent in the current fiscal year (FY) of 2023/2024,…
Egypt releases $131 bln goods in 21 months – minister
Egypt has released goods worth $131 billion stuck at ports during 21 months until last May of total goods worth…
Egypt’s economic growth hits 4.2% in FY2022/23
Egypt's gross domestic product (GDP) reached 4.2 percent in the past fiscal year (FY) 2022/2023, said Finance…
Egypt’s UHIA, private sector sign cooperation protocol to facilitate heath care access
Egypt's Minister of Finance, and Head of Universal Healthcare Insurance Authority (UHIA), Mohamed Maait witnessed…
AfDB grants Egypt $345 mln partial credit guarantees to boost green initiatives
The African Development Bank Group’s (AfDB) board has approved on Saturday Egypt’s Partial Credit Guarantee of $345…
Egypt pays $3.5bln international bond dues in Q1 of 2023 – minister
Egypt paid $3.5 billion in international bond dues during the first quarter of this year, Finance Minister Mohamed…
Egypt will not offer international bonds until June-end
Egypt’s Minister of Finance Mohamed Maait said on Monday in an interview with CNBC that his country would not…
Egypt pays more than $8bln from its debt – minister
Egypt is committed to the government's rollout programme on time, said Minister of Finance, Mohamed Maait on Monday…
Egypt to reply on gold entry without customs for expatriates in 48 hours
Egypt’s Minister of Finance Mohamed Maait, said on Saturday that he would respond to the proposal of gold entry…
Fitch’s downgrade comes amid severe pressure on Egypt’s economy
Egypt’s Minister of Finance, Mohamed Maait has commented on Fitch’s decision to downgrade Egypt from B+ to B,…
Egypt releases $23bln worth of imports since January
Egypt has released $23 billion worth of imported goods, merchandise and products since January, announced Minister…
Egypt to raise annual income tax exemption
Egypt is increasing the annual income tax exemption to 36,000 Egyptian pounds, which previously was 24,000 pounds,…
Egypt’s economy hits 3.9% growth in Q2 of FY 22/23
Egypt’s economy grew during the second quarter of the current fiscal year by 3.9 percent, according to initial data…
Egypt to attract foreign investments in priority sectors – minister
Egypt is qualified to attract foreign and local investments said Minister of Finance Mohamed Maait, in a meeting…
Egypt hosts 3rd PPP MENA Forum this month
Egypt’s Ministry of Finance is hosting the third session of Public-Private Partnership in the Middle East and North…
Egypt becomes first North African shareholder in AFC
Egypt has joined Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, as…
IMF to discuss Egypt’s $3bn loan awaited deal on Dec. 16
The International Monetary Fund’s (IMF) executive board calendar showed that it will hold a meeting on Egypt next…
Egypt simplifies customs clearance, VAT refund procedures for COP27 guests
Egypt’s Minister of Finance Mohamed Maait has issued on Wednesday the simplified customs procedures and Value Added…