THE TRUTH ABOUT: Mohamed maait - Caught on Camera

Egypt Releases $23 Bln Worth of Imported Goods Since January

Egypt has released $23 billion worth of imported goods, merchandise and products from the country’s ports and customs since January, announced Minister of Finance Mohamed Maait on Monday. Speaking at a press conference, Maait emphasized that the acceleration of the customs release process prioritized basic commodities, food manufacturing products, and…

Asharq Al-Awsat · Apr 25, 2023

Egypt Expands the Beneficiaries of Initiative to Support Productive Sectors

Egyptian Finance Minister Mohamed Maait said there was no alternative to enhancing the contributions of industrial and agricultural production to the structure of economic growth. Maait announced the government’s plans to expand the base of beneficiaries of the initiative to support the productive sectors, industry, and agriculture by setting a…

Asharq Al-Awsat · Apr 10, 2023

Egypt Launches Initiative to Ease Debts of Developing Countries

Egyptian Finance Minister Mohamed Maait called on Tuesday for easing the debts of developing countries by launching new consultations that “makes the debt crisis part of the solution”. Maait presented the “Sustainable Debt Coalition” to transform the debt burdens of developing countries into sustainable solutions for green recovery. The minister…

Asharq Al-Awsat · Mar 22, 2023

Egypt Seeks to Reduce African Countries’ Debts via ‘Green Investment’

Egyptian Finance Minister Mohamed Maait has said Cairo intended to announce initiatives to reduce the debts of developing and African countries. Such an objective could be reached by reinforcing funding opportunities that motivate green transformation, reducing harmful emissions, relying on clean energy, and ensuring cooperation among giant funding institutions to…

Asharq Al-Awsat · Nov 16, 2022

Egypt to Join the New Development Bank within Weeks

Egypt is moving forward with the procedures of officially joining the New Development Bank (NDB), which was established by the BRICS countries to enhance cooperation in infrastructure and sustainable development. The Egyptian parliament is scheduled to officially discuss the final procedures for Cairo to join the Bank in the coming…

Asharq Al-Awsat · Nov 13, 2022

Egypt Earning $500 Million Monthly from Gas Exports

Egypt is earning about $500 million monthly from natural gas exports and aims to raise that figure to $1 billion “in the coming period,” Finance Minister Mohamed Maait said in a statement on Thursday. The statement, based on comments by Maait at a Bloomberg forum, gave no comparative figures on…

Asharq Al-Awsat · Sep 23, 2022

Egypt Opens Door to Local, Foreign Investments

Egypt's robust infrastructure and supportive political will that supports the private sector has opened its doors to local and foreign investments to achieve comprehensive and sustainable development, said the country's Finance Minister. Mohamed Maait met with the CEO of the International Islamic Trade Finance Corporation (ITFC) and Islamic Corporation for…

Asharq Al-Awsat · Sep 10, 2022

Egypt Approves Extraordinary Measures to Limit Rise in Prices

Egypt approved extraordinary measures aimed at facilitating the release of imports and easing measures on investors and importers to limit the continued rise in prices. Importers in Egypt find it difficult to provide hard currency, which facilitates the release of goods and commodities that have accumulated at Egyptian ports, limiting…

Asharq Al-Awsat · Aug 31, 2022

Egypt Sees Budget Deficit Narrowing to 5.6% of GDP this Year

Egypt expects more progress on reducing its budget deficit this year and a foresees a decline in its debt ratio after currency devaluations caused it to rise last year, Finance Minister Mohamed Maait told a news conference on Monday. The deficit was expected to narrow to 5.6% of gross domestic…

Asharq Al-Awsat · Aug 29, 2022

Egypt to Stimulate Intra-regional Trade with Jordan

Egypt’s Finance Minister Mohamed Maait called for maximizing cooperation efforts and joint work with Jordan to overcome obstacles and revitalize intra-trade movement. A press statement issued by the Egyptian Ministry of Finance said that Maait reviewed on Wednesday the results of the meetings between the head of the Customs Authority,…

Asharq Al-Awsat · Aug 25, 2022