Mohamed Maait

Finance minister: We work on studying int'l experiment on issuing "sustainable development bonds"

Sun, 06 Jun 2021 - 04:40 GMT

Maait said the aim of issuing Sukuks is to finance the state general budget, as well as investment and development projects included in the budget.

Finance Minister issues bylaws of Unified Tax Act

Sun, 06 Jun 2021 - 03:24 GMT

It is part and parcel of a national project to build a comprehensive digital administrative system, the minister said.

Finance min. reviews Customs Authority's efforts over past period

Tue, 01 Jun 2021 - 03:43 GMT

Maait called on the customs officials to continue their duties and facilitate the procedures in a way that beefs up investments.

Egypt to decrease budget deficit to 4.6% in 2023/24

Sun, 30 May 2021 - 11:34 GMT

These indicators come in the ministry’s plan to gradually improve the economic indicators in the economic indicators.

Egypt expected to receive in June last tranche of IMF $5.2 billion loan: Minister

Fri, 28 May 2021 - 07:44 GMT

Egypt will receive the last tranche of its $5.2 billion loan from the International Monetary Fund (IMF) before the end of June, Minister of Finance Mohamed Maait suggested in remarks to Egypt Today.

Egypt records primary surplus of LE48B within 10 months

Wed, 26 May 2021 - 01:50 GMT

Maait noted that the state recorded an initial surplus of LE 48 billion during July-April period despite the negative repercussions of the Corona crisis on economic activity, referring to the provision of additional financing of LE 31 billion for the implementation of projects.

Egypt records 20% decrease in debt rate within 3 years despite coronavirus

Tue, 25 May 2021 - 02:47 GMT

The Egyptian Minister of Finance Mohamed Maait, confirmed Tuesday, that the reduction of debt is greatly reflected on citizens in improving their daily lives, increasing investments, creating job opportunities and improving the services provided to them at the level of the Republic.

Egypt projects GDP of LE 6.4T in 2020/2021

Mon, 24 May 2021 - 11:05 GMT

Minister of Finance clarified that this comes as a result of the expansion of development investments that reflect the success of the state, in achieving a balance between preserving the health of citizens and turning the wheel of the national economy.

Maait: Importers start joining ACI system

Wed, 05 May 2021 - 02:47 GMT

The minister hailed cooperation with the Egyptian Customs Authority with regard to implementing the ACI system.

New FY witnesses for 1st time ever drafting of medium term budget plan for 3-year period: FinMin.

Wed, 28 Apr 2021 - 03:06 GMT

The minister said that the general budget and governmental accounting laws, which govern the Egyptian financial performance, had been merged into the unified general finance law after amendments.

Coronavirus causes Egyptian economy losses of LE 370B

Tue, 27 Apr 2021 - 02:12 GMT

Maait added in a TV interview that more than LE 100 billion has been spent to support the sectors affected by coronavirus.

Egypt achieve primary surplus of LE25.3B during July-March: FinMin to parliament

Sun, 25 Apr 2021 - 03:02 GMT

This came during the Finance Minister's presentation of the financial statement on the draft state budget for the fiscal year 2021/2022, before the plenary session of the House of Representatives, on Sunday, headed by Counselor Hanafy Gabali.

Finance min. orders offering all needed facilities at customs authority

Wed, 14 Apr 2021 - 01:14 GMT

This came within the framework of the national project for upgrading and mechanizing the customs administration.

Finance min. probes economic cooperation with Sudan

Tue, 13 Apr 2021 - 12:25 GMT

He also hoped that the Egyptian-Sudanese joint economic committee would exert more efforts to remove all trade barriers.

Maait: Financial reform efforts positively reflected on budget indicators despite pandemic

Tue, 06 Apr 2021 - 02:27 GMT

Maait said the budget deficit decreased to stand at 7.9 percent of Gross Domestic Product (GDP), while the initial surplus was put at 1.8 during fiscal year 2019/2020.

Egypt seeks to issue bonds for sustainable development

Mon, 05 Apr 2021 - 04:39 GMT

The government aims to continue expanding modern financing tools in the field of sustainable development.

Finance minister: State repaid LE 288 billion to National Organization for Social Insurance in 2 years

Fri, 02 Apr 2021 - 01:28 GMT

Finance Minister Mohamed Maeit said the State's general budget repaid EGP 288 billion to the National Organization For Social Insurance (NOSI) in 21 months upon directives of President Abdel Fattah El Sisi to settle the financial entanglement with the organization.

Egyptian economy showed better-than-expected performance during pandemic

Tue, 30 Mar 2021 - 08:33 GMT

Delivering a speech at Bt100 Awards ceremony, Maait said the economic reform program contributed to enabling the state to adopt a flexible policy in facing the severe economic implications of the pandemic, supporting the most harmed classes and advancing national economy.

Finance ministry: Int’l economic institutions have optimistic, positive outlook on Egypt’s economy

Mon, 15 Mar 2021 - 03:41 GMT

The minister cited reports issued by international economic institutions about Egypt’s economy and their optimistic and positive outlook on Egypt’s economic performance for the coming years.

Egypt’s Minister of Finance Mohamed Maait tests positive for Coronavirus

Thu, 18 Feb 2021 - 08:15 GMT

Egypt’s Minister of Finance Mohamed Maait tested positive for Coronavirus, Thursday.