{"id":556255,"date":"2021-10-18T04:04:57","date_gmt":"2021-10-18T04:04:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/"},"modified":"2021-10-18T04:04:57","modified_gmt":"2021-10-18T04:04:57","slug":"new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/","title":{"rendered":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk"},"content":{"rendered":"<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>EXCLUSIVE- FinMin has a few incentives in the works for the private <\/strong><strong>sector:<\/strong> Growing Egypt\u2019s tax base has always been a mandate of the Finance Ministry. And while a significant portion of that during the 2016 economic reform agenda had been focused on roping in as many business into the tax rolls, the ministry is now planning a series of incentives designed to help businesses in sectors it identifies as key grow \u2014 consequently, raising tax revenues, Vice Minister of Finance Ahmed Kouchouk tells us in Part 2 of our exclusive interview.<\/p>\n<p><strong>Among the ministry\u2019s priorities on the incentive front:<\/strong><\/p>\n<ul>\n<li>Extending the current freeze on electricity prices for industry;<\/li>\n<li>A new incentive program for local automotive assembly (in the works <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e559ec44-1e09-432a-9abe-5e72d489b72e\">since 2016<\/a>)<\/li>\n<li>\u201cEconomic Reform Program 2.0,\u201d which will pick up where the IMF-led program Egypt completed two years ago left off.<\/li>\n<li>A revamped export subsidies program<\/li>\n<\/ul>\n<p><strong>THE BIG THEME- Kouchouk says the programs are being revamped to reward high-performing companies<\/strong> that build on the value-added components of their products and grow exports.<\/p>\n<p>Below are edited excerpts from our conversation:<\/p>\n<p><strong>AUTOMOTIVE INDUSTRY- The government is working on a new incentive program that targets the auto assemblers<\/strong>, Kouchouk said. The aim is to target larger auto assemblers with output of over 10k cars a year and who source over 45% of inputs locally.<\/p>\n<p><strong>The new program is designed to replace the now-defunct automotive directive<\/strong>, which we note <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/13\/what-were-tracking-on-13-march-2018\/\">never saw the light of day<\/a> after it drew criticism from the EU for breaching trade terms. Draft legislation to move forward with the new incentive program made its way to the House after getting a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6bd36341-d6ce-4392-a88a-095b88199fe2\">nod from cabinet in 2020<\/a>, but was recalled by authorities from the hands of legislators <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/96fac44d-23ee-4009-98e8-f5851dfb1b80\">earlier this year<\/a> for a closer look. The legislative framework is expected to boost the auto industry through infrastructure improvements and trade agreements with other countries.<\/p>\n<p><strong>ENERGY PRICES- The brewing global energy crisis will only bring more attention to Egypt\u2019s use of energy<\/strong>, which has been an issue for the Sisi administration since the president\u2019s first term as it has tackled decades of ruinous energy subsidies. Now, the government is looking to help keep energy bills affordable for industry at a great cost to the state, Kouchouk says.<\/p>\n<p><strong>Now, manufacturers can look forward to a few more years without electricity price hikes:<\/strong> The government plans to keep electricity price fixed for another few years. Factories were\u00a0 spared the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8524ce4-c8d0-4b1d-b450-a125c9879398\">most recent hikes<\/a> in electricity prices.<\/p>\n<p><strong>This had come at a great cost to the state coffers, as keeping prices fixed has so far cost the state EGP 10 bn,<\/strong> Kouchouk noted.<\/p>\n<p><strong>This will likely shield factories from the worst of the global energy crisis<\/strong>, which has seen Natgas futures rise to USD 5.4 \/ mmbtu, and Brent crude futures rising to USD 84.86\/bbl.<\/p>\n<p><strong>EXPORT SUBSIDIES- The government is planning to dole out EGP 8 bn this fiscal year <\/strong>for the new export subsidies plan, which received the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fce00ffd-bb84-45f5-a94c-45dec89571da\">greenlight from the cabinet last June<\/a>, Kouchouk tells us.<\/p>\n<p><strong>The new export subsidy program will care very much about performance: <\/strong>The new system will focus more closely on \u201cthe performance of exporters\u201d \u2014 and introduce a sliding scale of incentives that become larger as an exporter\u2019s use of local components increases, he added.<\/p>\n<p><strong>The program also targets new industries in governorates selling to new destinations:<\/strong> The revamped program aims to boost domestic manufacturing, push for export growth from Upper Egypt and other regions outside of Cairo and Alexandria, as well as drive sales to Africa. The new program will replace an EGP 6 bn plan that fell out of favor with the nation\u2019s exporters shortly after the government started it in FY2019-2020 \u2014 mainly due to a <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/02\/egypt-to-get-more-clarity-on-export-subsidies-program-as-govt-issues-executive-regs-7497\/\">lack of clarity in its executive regulations<\/a> and delays in doling out the subsidies.<\/p>\n<p><strong>On that front, the government has already paid out some EGP 23 bn in overdue export subsidies<\/strong>, Kouchouk tells us.<\/p>\n<p><strong>ECONOMIC REFORM 2.0 will also target new industries, <\/strong>including agriculture and tech, Kouchouk said. You can read a refresher on the new three-year program <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/880fe75b-3a07-477a-93c3-c87eaad7936f\">here<\/a>.<\/p>\n<p><strong>MISSED PART 1?<\/strong> Kouchouk discussed how Egypt\u2019s debt strategy is adapting to the new times, including the timing of our next eurobond issuance, new debt instruments in the works and how Egypt can withstand a Fed stimulus tempering. You can read the full interview <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e057d921-0f82-4059-a155-a4a702146e2a\">here<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p><em>CORRECTED ON 18 October\u00a0<\/em><\/p>\n<p>The government is keeping electricity prices frozen for the next two years, not natural gas prices (which we incorrectly said it would hold for five years) as was previously written.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- FinMin has a few incentives in the works for the private sector: Growing Egypt\u2019s tax base has always been a mandate of the Finance Ministry. And while a significant portion of that during the 2016 economic reform agenda had been focused on roping in as many business into the tax rolls, the ministry is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":556256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[782,104,72,276],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-ahmed-kouchouk","tag-economy","tag-enterpriseam","tag-finance-ministry","wpautop","entry"],"acf":{"mongo_id":"bd1b4fed-8142-4464-856d-5b7e1e05ab14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/188.jpg","photo_position":"above","related_issue":[556251],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin has a few incentives in the works for the private sector: Growing Egypt\u2019s tax base has always been a mandate of the Finance Ministry. And while a significant portion of that during the 2016 economic reform agenda had been focused on roping in as many business into the tax rolls, the ministry is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-18T04:04:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk\",\"datePublished\":\"2021-10-18T04:04:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\"},\"wordCount\":769,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ahmed Kouchouk\",\"economy\",\"EnterpriseAM\",\"Finance Ministry\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\",\"name\":\"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-10-18T04:04:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/","og_locale":"en_US","og_type":"article","og_title":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk","og_description":"EXCLUSIVE- FinMin has a few incentives in the works for the private sector: Growing Egypt\u2019s tax base has always been a mandate of the Finance Ministry. And while a significant portion of that during the 2016 economic reform agenda had been focused on roping in as many business into the tax rolls, the ministry is [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-10-18T04:04:57+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk","datePublished":"2021-10-18T04:04:57+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/"},"wordCount":769,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1","keywords":["Ahmed Kouchouk","economy","EnterpriseAM","Finance Ministry"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/","name":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1","datePublished":"2021-10-18T04:04:57+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":595366,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/govt-committee-close-to-finalizing-incentives-package-for-new-listings-on-egypts-bourse\/","url_meta":{"origin":556255,"position":0},"title":"Gov\u2019t committee close to finalizing incentives package for new listings on Egypt\u2019s bourse","author":"enterpriseam admin","date":"24 September 2019","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t committee close to finalizing package of incentives for new EGX listings: A government committee has been working to put the final touches on a package of proposed incentives to stimulate IPO activity in the market and attract more foreign investment into Egyptian equities, the Finance Ministry told Enterprise\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599223,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/egypt-to-dedicate-egp-6-bn-annually-in-the-budget-for-exports-subsidies\/","url_meta":{"origin":556255,"position":1},"title":"Egypt to dedicate EGP 6 bn annually in the budget for exports subsidies","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"Government to dedicate EGP 6 bn per year to export subsidies: The government will set aside EGP 6 bn annually in its budget for export subsidies as of FY2019-2020, Vice Minister of Finance Ahmed Kouchouk said, according to a Trade and Industry Ministry statement. The new program will allow increasing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/","url_meta":{"origin":556255,"position":2},"title":"Egypt to beat debt-to-GDP target this year -Maait","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"Egypt to beat debt-to-GDP target this year + all you need to know about FinMin\u2019s epic presser: The Finance Ministry expects to reduce its debt-to-GDP ratio to 83% by the end of the current fiscal year, easily beating the 89% target included in the FY 2019-2020 budget, Finance Minister Mohamed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/658.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575551,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/egypts-finance-minister-maait-talks-economy-in-imf-world-bank-meetings\/","url_meta":{"origin":556255,"position":3},"title":"Egypt\u2019s Finance Minister Maait talks economy in IMF, World Bank meetings","author":"enterpriseam admin","date":"19 October 2020","format":false,"excerpt":"INVESTMENT WATCH- FinMin pitches investment strategy, improving economic landscape to investors: Egypt is prioritizing investments in the transport, oil and gas, renewable energy, and manufacturing sectors, Finance Minister Mohamed Maait said in separate meetings with senior representatives from HSBC and Standard Chartered and unnamed foreign investors, according to a ministry\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592690,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/egypt-gives-exporters-egp-600-mn-in-tax-breaks-to-settle-overdue-subsidies\/","url_meta":{"origin":556255,"position":4},"title":"Egypt gives exporters EGP 600 mn in tax breaks to settle overdue subsidies","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"FinMin gives exporters EGP 600 mn in tax breaks to settle overdue subsidies: The Finance Ministry has settled EGP 600 mn in overdue export subsidies in the past three months via providing tax breaks, Vice Finance Minister Ahmed Kouchouk said. The ministry received some 60 requests from companies looking to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599936,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/egypt-finance-ministry-not-decided-yet-on-asian-bonds\/","url_meta":{"origin":556255,"position":5},"title":"Egypt Finance Ministry not decided yet on Asian bonds","author":"enterpriseam admin","date":"15 January 2019","format":false,"excerpt":"Finance Ministry denies Samurai bonds are happening this week: The Finance Ministry has yet to make a decision on the timing, value, or currency for Egypt\u2019s first Asian bond issuance, the ministry said in a statement. The decision will depend on the interest generated at the ongoing Asia roadshow as\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2549.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=556255"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556255\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556256"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556255"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556255"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}