Mohamed Maait

Maait: Over LE 24B allocated to health sector to face Covid-19

Wed, 13 Oct 2021 - 07:11 GMT

Finance Minister Mohamed Maait said that over 24 billion Egyptian pounds were provided to the health sector to face Covid-19 pandemic and nearly 47 billion Egyptian pounds were allocated to the education sector to support the education system.

Egypt prepares to issue its first sovereign sukuk in H2 of 2021-2022

Tue, 24 Aug 2021 - 12:47 GMT

He pointed out that the timing, size and type of offering will be determined later.

LE16.4B disbursed in 2 phases of "immediate payment to exporters" initiative: FinMin.

Sun, 11 Jul 2021 - 01:21 GMT

Since the beginning of the implementation of the initiatives to return the “arrears” of the dues of the exporting companies in October 2019 so far, the exporting companies have been supported with LE 28 billion; It is a support that was not previously allocated to the export sector, reflecting the state's keenness to stimulate exports.

Egypt's real estate transaction tax achieves LE7B annually

Tue, 29 Jun 2021 - 03:47 GMT

Maait added that the real estate tax is one of the oldest types of taxes in the legislative system, noting that it is a tax imposed when real estate is disposed of by sale, and the burden of which is borne by the seller, not the buyer.

Dry port project to be floated Tuesday, says minister

Mon, 28 Jun 2021 - 01:51 GMT

The port and center, to be built over 250 feddans, are meant to maximize the contribution of the private sector to development projects, Maait said in a statement Monday.

IMF's conclusion of 2nd review of economic program attests to strong performance of economy - Maait

Thu, 24 Jun 2021 - 04:03 GMT

We are moving ahead with our reform and development march through achieving a balance and flexibility among the adopted financial and economic policies, Maait said in a statement Thursday.

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.

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