Egypt’s c.bank governor meets IMF chief in Dubai to discuss economic reforms
Egypt’s central bank governor Hassan Abdalla met with International Monetary Fund (IMF) Managing Director…
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Mohamed Maait
Egypt receives $1.2b IMF tranche – Cabinet
Egypt has received a $1.2 billion tranche after the International Monetary Fund (IMF) Executive Board approved the…
Egypt to phase out fuel subsidies by Dec 2025: IMF official
Egypt is set to end fuel subsidies by December 2025, according to Mohamed Maait, executive director for the Arab…
Egypt earmarks EGP44b for local wheat purchase – minister
Egypt's Minister of Finance Mohamed Maait announced on Monday the allocation of 44 billion Egyptian pounds…
Egypt to increase private sector engagement in health insurance
Egypt is set to increase private sector engagement in comprehensive health insurance, with plans to increase its…
Egypt’s Finance Ministry to release new export support package tomorrow
The Ministry of Finance announced the commencement of a new phase in its Export Support programme, aimed at…
Egypt eyes higher investor base, lower debt service bill
Egypt aims to bolster liquidity and alleviate the burden of debt service while diversifying financing instruments…
Egypt aims to keep debt-to-GDP ratio below 80% by ’27
Egypt is implementing a comprehensive strategy to improve public debt management and aims to reduce the debt ratio…
Egypt expedites EGP 8b Export-It payments
Export-It Programme payments for beneficiaries of the seventh stage of the immediate cash payment initiative will…
Egypt initiates economic reforms amid global challenges – FinMin
Egypt has initiated economic reforms to address challenges and reduce risks from global and regional crises for…
Egypt targets 70% private sector contribution to economy – minister
Egypt is making significant strides to boost private sector partnerships, aiming for them to constitute 70 per cent…
African public health indicators at risk – Egypt’s FinMin urges action
Egypt’s Finance Minister Mohamed Maait has raised concerns about worsening public health indicators across Africa…
Private sector should make up 70% of Egypt’s economy – minister
The private sector should make up at least 65 – 70 per cent of Egypt’s economy, said Finance Minister Mohamed Maait…
Egypt’s initial surplus grows more than 8-fold YoY in 9 months –minister
Egypt registered an initial budget surplus of 416 billion Egyptian pounds ($8.75 billion) in the first nine months…
Egypt eyes initial surplus of 3.5% in ’27 – minister
Egypt is targeting a substantial initial surplus of 3.5 per cent of GDP by the end of June 2027, said Minister of…
Egyptian expats’ car import initiative ends on April 29
Egypt’s Finance Minister, Mohamed Maait, confirmed on Thursday that 27,000 cars have been cleared as per the…
Egypt’s tax revenues surpass 38% growth rate
Egypt's Minister of Finance, Mohamed Maait, announced on Monday that Egypt saw a growth in tax revenues of 38 per…
Egypt’s govt. to continue providing soft loans for productive sectors
Egypt's Minister of Finance, Mohamed Maait, revealed the Cabinet decree approving the continuation of the…
Egypt targets 4% GDP growth in FY24/25 budget
Egypt's Finance Minister, Mohamed Maait, unveiled the final key indicators of Egypt’s draft budget for the fiscal…
Egypt earmarks EGP 596b for subsidies in 2024-25 budget
Egypt plans to earmark around 596 billion Egyptian pounds ($12.6 billion) for subsidies in its 2024/2025 state…
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…
$9.5b backlog of imported goods released since Jan.: Egyptian minister
Egypt has released a backlog of imported goods worth $14.5 billion stuck at ports since the beginning of this year,…
Egypt expects over $20b FX inflows post IMF deal – FinMin
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that the anticipated foreign cash inflows are estimated…
Egypt steadfast supports insurance, pension system – FinMin
Mohamed Maait, Egypt's Minister of Finance, reiterated the government's steadfast support for the nation's…
IMF-Egypt deal may catalyse $20b in foreign funds – FinMin
The new International Monetary Fund (IMF) deal is expected to catalyse a total of $20 billion in foreign support…
Egypt to implement Unified Public Finance Law
Egyptian Finance Minister, Mohamed Maait, has endorsed the executive regulations for the Unified Public Finance…
Egypt keen to ease cost-of-living burdens on citizens – FinMin
Egypt's Finance Minister, Mohamed Maait emphasised on Tuesday that his nation was keen to introduce comprehensive…
Egypt’s S. Canal revenue may partially offset Red Sea attacks impact – Maait
Some of the damage caused by the Red Sea attacks on ships to Suez Canal revenue could be offset by prior growth…
Egypt, UAE sign agreement to prevent double taxation
Egypt and the United Arab Emirates (UAE) signed an agreement on Sunday to eliminate double taxation on income and…
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’s overall budget deficit reaches 4.95% of GDP in FY ’23-24
Egypt’s government achieved an overall budget deficit of 4.95 percent of GDP in the third quarter of the fiscal…
Egypt’s finance minister seeks strategic partnership with NDB
Egypt’s finance minister Mohamed Maait said on Sunday that Egypt is seeking a strategic partnership with New…
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…
Egypt in talks to launch Indian rupee-denominated bonds – FinMin
Egypt has started negotiations with India to explore the possibility of issuing rupee-dominated bonds on the Indian…
Egypt secures $500mln in funding for health, education projects
Egypt secured $500 million in financing from three international banks for development of health and education…
Egypt becomes first Arab, African country to issue panda bonds worth $500 million
Egypt sold a 3.5 billion yuan ($500 million) three-year panda bond in China’s onshore market on Monday, in the…
Egypt, IMF in ‘close engagement’ to set date for delayed review
The International Monetary Fund (IMF) said on Thursday it is in “close engagement” with Egypt to set the dates to…
Egypt, Croatia ink double taxation avoidance agreement
Egypt signed a double taxation avoidance agreement with Croatia on Tuesday, said a statement by the Egyptian…
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…