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Mohamed Maait

100k Egyptian expats registered on tax-free car import scheme’s app within 48Hrs

The initiative, which aims to “facilitate the import of cars for personal use for Egyptians residing abroad,” started on November 15 and will end on March 14 2023

Egypt finalizes agreement with IMF for $3B to run over 46 months

Egypt will also receive $5 billion from international partners and $1 billion from a sustainable fund which will help the country finance its external funding gap

Egypt targets lowering budget deficit to 4% & cut debt to 72% over 5 years | FinMin

The average budget deficit in Egypt for the past 42 years was 7.9%, achieving its best figures soon after the Gulf War

Egypt’s export subsidies initiative distributed EGP 4.5B in 5th phase | FinMin

The 633 companies represent the first batch of the 5th phase of the initiative, said Minister of Finance Mohamed Maait in an official statement today

Egypt aims for EGP 50B from expat car import scheme | FinMin

Egypt is expecting more than 500,000 cars to be imported into the country by expats looking to take advantage of the scheme