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Gov’t spent EGP 63 bn of covid-19 stimulus program as FinMin provides breakdown
Egypt has deployed EGP 63 bn of its covid-19 stimulus program: The government has spent EGP 63 bn of the…
FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills
REGULATION WATCH- FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills: Consumer…
Maait gives Lamees an update on Egypt’s economic outlook amid covid-19
The highlight of last night’s talk shows was Finance Minister Mohamed Maait’s chat with Al Kahera Alaan’s Lamees El Hadidi…
IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt
IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt: The IMF reached a staff-level agreement to…
FinMin opens expedited customs clearance to SME importers
SMEs will be able to join a whitelist of importers eligible for expedited customs clearance, according to a Finance Ministry…
Central Bank of Egypt to finance purchase of 100k POS machines this year
CBE finances purchase of 100k POS machines: The Central Bank of Egypt (CBE) said it will finance banks’ purchase and…
FinMin is pushing for online customs payments
FinMin pushes online customs receipt submissions, payments: The Finance Ministry is looking to introduce electronic customs payments through state-owned e-Finance’s…
Desalination tenders pushed to 4Q2020 due to covid-19 travel restrictions
Global travel restrictions are delaying international firms from conducting assessments for the four proposed coastal desalination plants ahead of their…
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