Ministry of Finance

Egyptian Cabinet approves of new draft laws to enhance tax support for SMEs: Kouchouk

Thu, 31 Oct 2024 - 12:32 GMT

Kouchouk added that these aim to stimulate growth among small businesses, simplify tax processes, and resolve existing tax disputes

Egypt launches EGP 50 Billion initiative to boost tourism sector

Thu, 31 Oct 2024 - 11:45 GMT

The Ministries of Finance and Tourism have jointly announced that priority will be given to the governorates of Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai.

Al Mashat, Kouchouk meet with global finance corps to review Egypt’s reforms, investment opportunities

Thu, 24 Oct 2024 - 01:13 GMT

Al Mashat presented the country’s recent economic and structural reforms, emphasizing the government's efforts to strengthen macroeconomic stability, enhance the business environment, and build a competitive, investment-friendly economy.

Finance Minister: Egypt looking to issues new green bonds and Sukuk by end of fiscal year

Sun, 20 Oct 2024 - 12:38 GMT

The minister highlighted that this is part of a broader strategy to diversify financing sources and attract both investors and savers to the local debt market.

Egypt seeks to introduce 6 public-private partnership projects within current FY

Tue, 15 Oct 2024 - 12:57 GMT

Investments through public-private partnership (PPP) contracts reached LE 19.8 billion in the previous fiscal year, explained Kouchouk

Kouchouk and Abdallah participate in BRICS finance and central bank meetings

Sun, 13 Oct 2024 - 12:20 GMT

During the meetings, Kouchouk emphasized the potential of the BRICS group to significantly reshape the global economic landscape in favor of emerging and developing countries.

FinMin discusses Egypt's tax reforms, strategic fiscal policies

Wed, 09 Oct 2024 - 02:46 GMT

Kouchouk highlighted the launch of Egypt’s first set of tax relief measures, featuring over 20 reforms designed to build trust with taxpayers and streamline tax services.

Deputy Minister of Finance, Tax Authority, discusses new tax package with MSMEDA

Tue, 24 Sep 2024 - 03:17 GMT

El-Kilani shared that the tax facilitation package aims to establish a comprehensive tax system for businesses with annual revenues not exceeding LE 15 million as part of the government's efforts to encourage and support small enterprises through simplified tax treatment.

AIIB President praises Kouchouk’s leadership as he takes on role of Egypt’s AIIB Governor

Mon, 23 Sep 2024 - 02:40 GMT

The finance minister highlighted the collaborative efforts that have made the AIIB the fastest-growing bank in the region, emphasizing its role in supporting Egypt’s development trajectory through promising projects over the past few years.

Finance Minister outlines Egypt’s key financial policy priorities during London visit

Sun, 22 Sep 2024 - 12:31 GMT

During a recent visit to London, Finance Minister Ahmed Kouchok addressed over 200 investors from major financial institutions and investment banks across several meetings, presenting a comprehensive strategy aimed at stabilizing and transforming the nation's economy

Egypt to reportedly return to international bond market sometime this FY

Sun, 22 Sep 2024 - 11:15 GMT

While Kouchouk's meetings were not open to the press, sources told Bloomberg that he informed foreign investors about the plan to sell approximately $3 billion in external debt across various tranches

Egypt preparing strategic fiscal policies to bolster investment, production, exports: Finance Ministry

Wed, 18 Sep 2024 - 12:56 GMT

The policies will focus on further improving fiscal discipline in the state’s budget indicators, a crucial component for fostering economic growth and ensuring effective long-term planning.

Kouchouk highlights EU’s key role as economic partner, shares intent to boost EU investments

Mon, 16 Sep 2024 - 01:13 GMT

The minister noted that upcoming financial policies are expected to significantly influence risk management and economic competitiveness

New tax facilitation package to boost small businesses in Egypt

Wed, 11 Sep 2024 - 02:44 GMT

The new framework will simplify the tax filing process, allowing businesses to submit or amend tax returns for the years 2021 to 2023 without incurring penalties.

NIB, Egypt post collaborate to enhance financial stability

Wed, 11 Sep 2024 - 11:42 GMT

This partnership aims to strengthen the NIB's pivotal role as a key economic and investment driver crucial for advancing development goals.

Finance Minister Kouchouk highlights ministry’s 3 core priorities for the coming period

Wed, 11 Sep 2024 - 09:34 GMT

Kouchouk highlighted three core priorities for the upcoming period - enhancing economic stability, supporting the private sector, and reducing government debt

Gov’t confident in private sector’s capability to expand exports: Deputy Finance Minister Sobhi

Mon, 09 Sep 2024 - 04:10 GMT

During Monday’s conference for food industry exporters, Sobhi highlighted that the government is focused on creating investment-friendly financial policies to strengthen confidence in the Egyptian economy.

Egypt's fiscal allocations for social initiatives reach LE 635.9B in FY2024/2025

Mon, 02 Sep 2024 - 10:17 GMT

This marks an increase from LE 119 billion, EGP 127.7 billion, and LE 31 billion, respectively, in the fiscal year 2023/2024.

Madbouly and Kouchouk review efforts to lower debt levels

Thu, 29 Aug 2024 - 01:10 GMT

The meeting also addressed the government’s strategies for maintaining fiscal discipline and ensuring that the debt-to-GDP ratio continues to decline

New unit under finance ministry to streamline customs, tax procedures for automotive industry

Tue, 27 Aug 2024 - 12:58 GMT

This includes assembly and feeder companies, as well as all entities participating in the national program for the development of the automotive industry

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