{"id":559699,"date":"2021-02-01T04:06:47","date_gmt":"2021-02-01T04:06:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/"},"modified":"2021-02-01T04:06:47","modified_gmt":"2021-02-01T04:06:47","slug":"export-subsidy-haircut-scheme-extended-into-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/","title":{"rendered":"Export subsidy haircut scheme extended into 2021"},"content":{"rendered":"<p><strong>Export subsidy payout program carries forward to 2021:<\/strong> Exporters will be able to apply to receive back-due subsidy payments in a lump sum between 7-28 February, Finance Minister <a href=\"https:\/\/bit.ly\/39xgWc1\">Mohamed Maait said<\/a> yesterday. Companies who apply will receive payment either at the end of February, the end of April or the end of June, he said. The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de9ff00f-8f74-455f-9e89-06cb20d091bf\">last year<\/a> allowed exporters to receive their subsidies in a single payment rather than installments spaced out over several years, provided they agree to take a 15% haircut. As of the end of December 2020, 1069 exporters made requests and received EGP 13.5 bn in subsidies, Maait said.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Domestic and foreign players <a href=\"https:\/\/alborsaanews.com\/2021\/01\/31\/1415761\">will be invited<\/a> to participate in two <strong>rail <\/strong><strong>tenders<\/strong> to construct and operate a line connecting <strong>Abu Tartour to Hurghada<\/strong> and a cargo rail extending from the dry port in Tenth of Ramadan City to the seaport in Damietta.<\/li>\n<li><strong>Hassan Allam Holding<\/strong> and<strong> Emaar Developments<\/strong> have <a href=\"https:\/\/bit.ly\/3oxR3x7\">signed an agreement<\/a> to develop the EGP 1.2 bn Address Beach Resort in the North Coast. Emaar is also developing <a href=\"https:\/\/bit.ly\/36wwFqa\">a second hotel worth EGP 2.3 bn<\/a> in the North Coast in partnership with Orascom.<\/li>\n<li>F&B outfit <strong>Juhayna<\/strong> has launched five, plant-based milk products.<\/li>\n<li>Investment bank <strong>Prime Holding<\/strong> will launch an equity and a fixed-income fund after <a href=\"https:\/\/alborsaanews.com\/2021\/01\/31\/1415796\">obtaining a license<\/a> from the Financial Regulatory Authority.<\/li>\n<li><strong>Food exporters<\/strong> <a href=\"https:\/\/bit.ly\/3j2UBGt\">have reached<\/a> an agreement with the supply and trade ministries to exempt frozen and canned fava beans from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4140af4f-e5aa-4842-9ab6-c9e64ab097ca\">an export ban<\/a> on beans and legumes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ca77fae-657f-4bf3-9d59-9ee37567b6ac\">due to expire in April<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Export subsidy payout program carries forward to 2021: Exporters will be able to apply to receive back-due subsidy payments in a lump sum between 7-28 February, Finance Minister Mohamed Maait said yesterday. Companies who apply will receive payment either at the end of February, the end of April or the end of June, he said. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[111,72,7111,963,145,976,132,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559699","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-infrastructure","tag-law","tag-logistics","tag-prime-holding","tag-trade","tag-transport","wpautop","entry"],"acf":{"mongo_id":"5860d554-ec83-4cee-9ae1-d8f1809bacb8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559677],"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>Export subsidy haircut scheme extended into 2021 - 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\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Export subsidy haircut scheme extended into 2021\" \/>\n<meta property=\"og:description\" content=\"Export subsidy payout program carries forward to 2021: Exporters will be able to apply to receive back-due subsidy payments in a lump sum between 7-28 February, Finance Minister Mohamed Maait said yesterday. Companies who apply will receive payment either at the end of February, the end of April or the end of June, he said. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-01T04:06:47+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Export subsidy haircut scheme extended into 2021\",\"datePublished\":\"2021-02-01T04:06:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/\"},\"wordCount\":262,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"infrastructure\",\"law\",\"logistics\",\"Prime Holding\",\"trade\",\"transport\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/export-subsidy-haircut-scheme-extended-into-2021\/\",\"name\":\"Export subsidy haircut scheme extended into 2021 - 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Companies who apply will receive payment either at the end of February, the end of April or the end of June, he said. 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The program allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in\u2026","rel":"","context":"In &quot;SUBSIDIES&quot;","block_context":{"text":"SUBSIDIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/subsidies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621743,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/whats-happening-with-the-promised-release-of-export-subsidy-funds-ask-egypts-exporters\/","url_meta":{"origin":559699,"position":1},"title":"What\u2019s happening with the promised release of export subsidy funds, ask Egypt\u2019s exporters","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"What\u2019s happening with the promised release of export subsidy payments, ask Egypt\u2019s exporters: Egyptian exporters frustrated by what they feel is a lack of action from the government on releasing long-overdue export subsidies are urging Prime Minister Moustafa Madbouly to take action. Egypt\u2019s export councils, along with the Egyptian Businessmen\u2019s\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":600798,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-to-decide-on-next-payment-of-overdue-export-subsidies-next-month\/","url_meta":{"origin":559699,"position":2},"title":"Government to decide on next payment of overdue export subsidies next month","author":"enterpriseam admin","date":"11 February 2019","format":false,"excerpt":"Government to decide on next month on payment of overdue export subsidies: The government will decide next month when and how much it will disburse as it looks to make good on overdue export subsidy payments, Finance Minister Mohamed Maait told Hapi. The payments will be scheduled over a \u201cproportionally\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":555535,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/export-development-fund-needs-more-time-to-pay-arrears\/","url_meta":{"origin":559699,"position":3},"title":"Export Development Fund needs more time to pay arrears","author":"enterpriseam admin","date":"17 November 2021","format":false,"excerpt":"Export Development Fund needs more time to pay arrears: The Export Development Fund is extending the third phase of its subsidy program until 23 December to give it more time to pay out arrears to exporters, Al Borsa reports. Began in July, the third phase of the program was supposed\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546627,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/exporters-want-more-support-as-govt-wraps-up-latest-phase-of-subsidy-program\/","url_meta":{"origin":559699,"position":4},"title":"Exporters want more support as gov\u2019t wraps up latest phase of subsidy program","author":"enterpriseam admin","date":"23 May 2022","format":false,"excerpt":"Gov\u2019t wraps up fourth phase of export subsidy program: Some EGP 261 mn in overdue export subsidies was paid out to more than 130 businesses during the fourth phase of the government\u2019s export subsidy program, which started in November, the Finance Ministry said in a statement. The program allows exporters\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554064,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/natural-gas-exports-rose-142-y-o-y-in-fy2020-2021\/","url_meta":{"origin":559699,"position":5},"title":"Natural gas exports rose 142% y-o-y in FY2020-2021","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"Natural gas exports hit 4.6 bn cubic meters in FY2020-2021, up 142% y-o-y, according to Capmas figures (pdf). Egypt became a net exporter of natural gas and LNG in 2018 after the discovery of the supergiant Zohr gas field \u2014 the Mediterranean\u2019s largest \u2014 allowed us to pull the plug\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559699","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=559699"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559699\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559677"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559699"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559699"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}