Latest in Tag: ministry of finance Highlight
Latest in Tag: ministry of finance
1,069 companies receive EGP 13.5bn in export subsidy under 1st phase of initiative
Door open to all banks operating in Egyptian market to participate in car replacement initiative, says Finance Minister
New ports of Ismailia and Safaga to open before end of June
Increasing demand for Egyptian international bonds represents coverage ratio of up to 4.4 times value of offering: Maait
Inquiries can be sent on websites of both ministry and Egyptian Tax Authority
Total of 16 bids received for T-bills worth EGP 142.5bn, and 10 bids for bonds worth EGP 57bn
Egypt ranks first in indebtedness reduction index, says Mohamed Maait
Beneficiaries can access initiative’s second phase at Finance Ministry from 7 to 28 February
No tax accounting for these projects for years prior to date of submitting reconciliation requests, says Mohamed Maait
EGP 7bn has been allocated for treatment programme at state’s expense
Standard Chartered Bank’s latest expectations consistent with pre-pandemic estimates putting Egypt among top 10 world economies in 2030, says Mohamed Maait
Egypt’s Minister of Finance Mohamed Maait has said that the government will transfer EGP 1bn, on Saturday, to pay the second batch of the second phase of the country’s exceptional aid to irregular labourers. The transfer comes in implementation of the presidential directives to support the sectors and groups most affected by the repercussions of the …
Mohamed Maait, Minister of Finance, said that the first half (H1) of fiscal year (FY) 2020/21 witnessed an increase in health sector expenditures by about 14.7%, mainly directed to finance medical requirements to combat the novel coronavirus pandemic, and increased allocations for health insurance. The minister added that these expenditures included funding to continue supporting …
Egypt witnessed primary budget surplus of about EGP 14bn during the first half (H1) of fiscal year (FY) 2020/21, while it recorded a budget deficit fall to 3.6% of GDP compared to 4.1% during the same period of FY 2019/20, according the Ministry of Finance.
Customs brokers authorisations approved by banks are valid for 1 month, or until new customs bylaws issued, says Customs Authority representative
Over EGP 1m in coins are produced per day, EGP 30m delivered every month
World Bank expects 2.7% economic growth in Egypt with global trend to provide vaccine against COVID-19
Egypt’s Minister of Finance Mohamed Maait has expressed the Egyptian government’s aspiration to maximise the investment activities of US companies in the country.
Mohamed Maait, Minister of Finance, said that the government, despite the challenges imposed by the novel coronavirus (COVID-19) crisis, fulfilled its obligations to add the periodic bonus for public workers subject to the Civil Service Law.
Egypt’s e-government receipts jumped in 2020, from EGP 1bn to EGP 4bn per month following the outbreak of the novel coronavirus (COVID-19) pandemic. The significant jump reflected an annual growth of 250%, highlighting strength of the country’s electronic payment (e-payment) and collection system, according to Minister of Finance Mohamed Maait. Maait said that the executive …
Egypt’s Minister of Finance Mohamed Maait has agreed to extend the submissions period for real estate tax returns nationwide until the end of next March.
Egypt’s Minister of Finance Mohamed Maait has reviewed the results of recent joint meetings to discuss reinforcing transit trade for Sudanese goods through Egyptian ports.
Exporters will not be able to benefit from state’s export subsidies as of 1 July 2021, except after joining e-invoicing system
Vice Minister of Finance for Appeal Committees and the Dispute Resolution Committees, Hesham El-Hamawy, called on taxpayers who have tax disputes with the Egyptian Tax Authority, to promptly submit requests to end the disagreement. El-Hamawy said that the deadline for accepting tax dispute settlement requests will extend to 31 December. He confirmed that Law No. …
The finance aims to enable public entities to fulfil their commodity and service obligations towards citizens
Ministry to start disbursing export subsidies for small companies without tax clearance certificates
Launching three new ports for investors before end of year, starting 10th of Ramadan port in May
The results of the Citizen Budget initiative encouraged introducing the participatory budgeting, says Sarah Eid
NIR increased to $45 bn in August 2019 covering 8 months of imports
The ministry stressed that it would redistribute additional e-payment machines at any administrative body and other entities that may need the service in order to preserve the public money.