Mohamed Mait

Sisi urges maintaining financial performance to reduce deficit, debt

Mon, 18 Oct 2021 - 07:27 GMT

Egypt’s President Abdel Fattah El-Sisi urged maintaining performance regarding the general budget indicators, leading to achieve an initial surplus of 1.5 percent.

Finance min. reviews achievements of comprehensive health insurance system

Thu, 24 Dec 2020 - 05:15 GMT

Marking the first anniversary of the mega national project, Maait said the strong political will was the key factor on the success of the comprehensive health insurance system.

Egypt establishes e-system to track goods in transit

Mon, 21 Dec 2020 - 08:44 GMT

The system will also allow the exchange of information and secured data electronically between the Customs Authority and the state's agencies or external parties with which agreements have been concluded that acknowledge this, and the introduction of a comprehensive risk management system.

Finance minister: Egyptian economy beats expectations despite Covid-19

Thu, 10 Dec 2020 - 06:16 GMT

The Egyptian official said in a statement on Thursday that the ministry prepared "Challenge and Achievement" report about the economic performance during 2020 for the second year in a row.

Finance Ministry: PMI reflects rebounding Egyptian economy

Tue, 08 Dec 2020 - 03:21 GMT

He also pointed to an increase in new exports for the fifth month in a row, believing this improvement in the performance of companies reflects a strong economy in Egypt.

Maait: Egypt seeks benefiting from int'l experience in health system

Wed, 16 Sep 2020 - 05:40 GMT

He added that the government has launched many health initiatives such as the "100 Health Initiative" and the "Women Health Initiative".

Egypt seeks to increase Korean investments in state: Gov't

Tue, 01 Sep 2020 - 11:25 GMT

This came during Ma’it’s meeting with Hong Jin-wook, the new ambassador of South Korea in Cairo.

Egypt’s GDP to jump 6.5% after coronavirus crisis: minister

Sun, 30 Aug 2020 - 10:34 GMT

The debt-to-GDP ratio was estimated at 108 percent on June 30, 2017, Maait said.

LE122B allocated for higher education sector: Ma'it

Sun, 23 Aug 2020 - 10:18 GMT

In addition, a total of LE 3.8 billion has been allocated for establishing and developing technological and private non-profit universities, Ma'it pointed out.

Egypt starts new stage towards transforming into digital society: Min.

Thu, 13 Aug 2020 - 05:31 GMT

Ma’it clarified Thursday that this transformation contributes to facilitating citizens' access to services at their actual value, and is consistent with presidential directives to gradually move to "digital Egypt".

Finance min.: Fitch's decision reflects int'l institutions’ confidence in national economy

Wed, 29 Jul 2020 - 01:39 GMT

Egypt was the only country in the Middle East and Africa, whose credit rating was maintained with a stable outlook by S&P Global Ratings, Moody's and Fitch, Ma'it said.

Egypt's initiative to encourage buying local products expected to hit LE100B sales: Minister

Tue, 14 Jul 2020 - 12:46 GMT

The Ministry of Finance will contribute to supporting the initiative by about LE 12 billion through several mechanisms, as the initiative gives a discount to goods within 20 percent.

Finance minister says fund to encourage consumption to be launched soon

Sun, 12 Jul 2020 - 04:19 GMT

The fund-to-be aims to increase consumer capabilities among citizens, he said during the inauguration of a number of national projects earlier today.

Egypt to finish implementing 100K housing units in 20/21: Finance Minister

Sun, 12 Jul 2020 - 11:42 GMT

In addition to planning to finish implementing 105,000 units in 2021/2022.

Finance minister says 2020-2021 budget "flexible" to deal with coronavirus

Tue, 07 Jul 2020 - 10:06 GMT

The government is ready to take all measures and make decisions needed to limit the negative impact of that pandemic on the Egyptian economy, Ma’it said.

Egypt approves new customs facilities in light of coronavirus crisis

Mon, 06 Jul 2020 - 11:43 GMT

"TRIPTIK" cars will be exempted from the fine imposed until the return of land and sea travel between countries.