finance
Finance Minister Mohamed Maait said on Monday amendments to the income tax law, approved by the Cabinet and referred to the House of Representatives, aim to alleviate citizens' suffering and stimulate investment in light of the crises that have affected the global economy, starting from the repercussions of the coronavirus till the unprecedented challenges posed by the Russian-Ukrainian war.
The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.
The theme is "Improving Trade Resilience Amid Series of Global Supply Chain Disruptions."
President Abdel Fatah al-Sisi received Monday French Minister of Economy and Finance Bruno Le Maire at Al Itiyadiyah Presidential Palace.
Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.
The finance minister added the economic reforms are mainly contributing to boosting the structure of the Egyptian economy and establishing a strong economy
Within the long cooperation between Arab African International Bank and Visa, the bank received the African Cup of Nations inside its headquarters on Thursday, December 9, 2021, on the occasion of the “TotalEnergies AFCON 2022”
The benefited farmers shall pay the cost of switching to modern irrigation systems in interest-free installments over 10 years.
Saad pointed out that the fund's focus now is investing in green economy as well as cooperating with the private sector.
A total of L.E. 54 million was allocated to casual workers in Alexandria to implement a number of developmental projects, in accordance with an agreement signed between the Micro, Small and Medium Enterprise Development Agency (MSMEDA) and the European Investment Bank (EIB).
The authority said in a statement that the minister's decision came after a presidential decree no. 357/2021 on extending the service of Abdel Kader for one year as of July 30, 2021.
This came during Al-Mashat’s meeting with Ibrahim Dajani, Regional Director for Sustainable Development and Infrastructure in the Middle-East and North Africa Region at the World Bank Group (WBG), during his visit to Egypt.
This cooperation provides the first discounting program for the purchase of securities on margin. It contributes to enriching the trading operations in the Egyptian Stock Exchange and expanding the base of traders, which will reflect on the growth of the Egyptian economy, according to a press release issued Wednesday.
The Egyptian minister pointed out, in a statement, Wednesday, that LE 75 billion have been allocated in the new budget for "dignified life" projects in villages.
The meeting addressed lands in Egypt’s governorates, which are owned by government banks, the assets of which were discussed in detail.
During the meeting, Farid tackled the comprehensive economic reform that has been adopted by the Egyptian government financially, monetarily, and structurally, the statement said.
The ambassadors of the European Union and Spain visited the Aga Khan projects in Egypt, and expressed their admiration for Al-Azhar Park.
Mr. Shenouda brings over 27 years of experience in investments and fundraising in international capital markets, with a focus on infrastructure development, setting up new platforms and supporting management teams.
IFC clarified in a statement that the objective of the funding is to help the company boost exports, introduce cleaner production practices, and create jobs.
The Egyptian Mint Authority will issue 10 million of 1-pound coins and five million of 50-piaster coins with a slogan of “Egypt’s Medical Staff,” the minister added.
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