Egyptian finance minister

Egypt eager to increase funding on health and education sectors: Minister
Business

Egypt eager to increase funding on health and education sectors: Minister

Finance Minister Mohamed Maait announced that Egypt aims to boost spending on its health, education and social development sectors to…
Egypt welcomes Japan’s participation in major projects: Finance Minister
Business

Egypt welcomes Japan’s participation in major projects: Finance Minister

Egyptian Finance Minister Mohamed Maait on Saturday met with a Japanese delegation headed by Matsunaga Hideki, Director General of the…
Egypt’s credit rating maintains stable outlook: Standard and Poor’s
Business

Egypt’s credit rating maintains stable outlook: Standard and Poor’s

Standard and Poor’s (S&P) has kept Egypt’s credit rating in domestic and hard currencies at level B, maintaining a stable…
Egyptian Minister, UN official discuss supporting countries impacted by coronavirus
Business

Egyptian Minister, UN official discuss supporting countries impacted by coronavirus

Egyptian Finance Minister Mohamed Maait on Saturday discussed a proposal with UN Under-Secretary-General Vera Songwe to support countries impacted by…
Egyptian government spends LE40 bn in two and a half months
Economy

Egyptian government spends LE40 bn in two and a half months

Egyptian Finance Minister Mohamed Maait announced on Thursday that the government has succeeded in dealing with the novel coronavirus by…
Egypt to issue international bonds and diversify currency to hedge against risks
Business

Egypt to issue international bonds and diversify currency to hedge against risks

Egyptian Finance Minister Mohamed Maait announced on Monday that his country intends to issue international bonds worth between US$3-7 billion…
Egypt to repay IMF loan starting in May 2021: Government sources
Business

Egypt to repay IMF loan starting in May 2021: Government sources

  Egypt will begin repaying the International Monetary Fund (IMF) loan in May 2021 with a tranche worth US $2.75…
Metro stations may have coin change machines: Finance Ministry
Business

Metro stations may have coin change machines: Finance Ministry

The Egyptian Finance Ministry is considering distributing machines to major subway stations that will convert notes into coins, and increase…
Egypt govt to raise dollar price in new budget: Reuters
Economy

Egypt govt to raise dollar price in new budget: Reuters

Three government sources anonymously told Reuters on Tuesday that the Egyptian government will increase the US dollar exchange rate in…
Egypt expects $2 bn IMF loan installment by next month
Business

Egypt expects $2 bn IMF loan installment by next month

Egypt’s Finance Minister, Amr al-Garhy, anticipates the country will receive another installment of the International Monetary Fund (IMF) loan worth $2 billion,…
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