{"id":628262,"date":"2018-06-28T03:53:21","date_gmt":"2018-06-28T03:53:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/late-export-subsidies-could-be-disbursed-sooner-than-we-thought\/"},"modified":"2018-06-28T03:53:21","modified_gmt":"2018-06-28T03:53:21","slug":"late-export-subsidies-could-be-disbursed-sooner-than-we-thought","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/late-export-subsidies-could-be-disbursed-sooner-than-we-thought\/","title":{"rendered":"Late export subsidies could be disbursed sooner than we thought"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>EXCLUSIVE- Late export subsidies could be disbursed sooner than we thought:<\/strong> Finance Minister Mohamed Maait will meet with Trade and Industry Minister Amr Nassar early on in the new fiscal year (which starts next week) to devise a strategy for disbursing overdue payments from the Export Subsidy Fund \u2014 an issue Maait previously told us he is keen to resolve as soon as possible. A source at the Finance Ministry had previously told us that overdue payments currently stand at EGP 7 bn. <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/23\/finmin-to-disburse-late-export-subsidies-over-the-coming-few-years\/\">We had heard before<\/a> that the ministry was planning to disburse the late payments over an unspecified number of years. Industry export associations have been lobbying for the government to resume payments, particularly after the state raised earmarks for export subsidies to EGP 4 bn in FY2018-19 from EGP 2.6 bn this fiscal year, the source noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- Late export subsidies could be disbursed sooner than we thought: Finance Minister Mohamed Maait will meet with Trade and Industry Minister Amr Nassar early on in the new fiscal year (which starts next week) to devise a strategy for disbursing overdue payments from the Export Subsidy Fund \u2014 an issue Maait previously told us [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628262","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fbf97371-87de-4275-97ee-9d518b97af05","order":"0","is_powered_by":true,"section_story_id":"810a0e85-c67f-47df-9b68-1f57684d1bfb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628252],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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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":594873,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/finmin-has-paid-exporters-egp-1-4-bn-in-subsidy-arrears-maait\/","url_meta":{"origin":628262,"position":1},"title":"FinMin has paid exporters EGP 1.4 bn in subsidy arrears -Maait","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"FinMin has paid exporters EGP 1.4 bn in subsidy arrears -Maait: The Finance Ministry has disbursed over the past few weeks EGP 1.4 bn in overdue subsidy payments the government has owed to exporters since last year, Finance Minister Mohamed Maait said yesterday, according to Hapi Journal. A number of\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":595322,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/egypt-receives-100-requests-for-overdue-export-subsidies\/","url_meta":{"origin":628262,"position":2},"title":"Egypt receives 100 requests for overdue export subsidies","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"EXCLUSIVE- The government has received upward of 100 requests from exporters looking to settle around EGP 900 mn-worth of overdue subsidies, a government official told Enterprise. Authorities have already finished calculating overdue payments for 40 companies, including Toshiba and Zanussi, and is ready to disburse their dues. Under an agreement\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":604721,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/pm-vows-to-resolve-issue-of-overdue-export-subsidy-payments\/","url_meta":{"origin":628262,"position":3},"title":"PM vows to resolve issue of overdue export subsidy payments","author":"enterpriseam admin","date":"11 December 2018","format":false,"excerpt":"PM vows to end delays in payment of export subsidies: Prime Minister Moustafa Madbouly has vowed to resolve the issue of overdue export subsidy payments and keep track of delays with the help of the finance ministry, Edita Chairman and Food Export Council Head Hani Berzi told Al Mal. The\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":597245,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/govt-unveils-new-egp-6-bn-per-year-export-subsidy-framework\/","url_meta":{"origin":628262,"position":4},"title":"Gov\u2019t unveils new EGP 6 bn per year export subsidy framework","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"Gov\u2019t unveils new EGP 6 bn per year export subsidy framework: The government unveiled the details of the long-awaited new framework for disbursing export subsidies. The new framework would disburse EGP 6 bn per year in export subsidies through the Export Subsidies Fund starting from FY2019-20, according to a statement\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\/2\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595082,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-to-launch-today-the-new-egp-6-bn-export-subsidy-framework\/","url_meta":{"origin":628262,"position":5},"title":"Egypt to launch today the new EGP 6 bn export subsidy framework","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"The government will begin implementing today the promised EGP 6 bn new export subsidy framework after holding several meetings with the export councils, reports Al Mal. 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