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Ministry of Finance

Finance Ministry denies reports of sukuk to be used to mortgage assets

The sukuk aims to attract new Egyptian and foreign investors to invest in accordance with the principles of Islamic Sharia in Egyptian pounds, US dollars and other currencies

A Spotlight on Egypt’s 2021/2022 Budget

In light of the repercussions of the pandemic, Maait said that the gross domestic product’s (GDP) growth rate during FY 2021/2021 is estimated to increase 5.4%

FinMin highlights efforts to boost partnerships with private medical sector

Maait highlighted that the medical insurance sector is an authentic partner in efforts to provide health care under the comprehensive health insurance system

Egypt to boost tax revenues by 15% before end of FY2020/2021: FinMin

“Egypt is moving ahead with its structural reforms to improve the atmosphere of doing business and attract more foreign investors ...” Maait said

FY2021/2022 will see 31.3% of budget go towards economic development: FinMin

Around 30.6 percent of the budget’s next allocations were dedicated to projects improving citizen living standards, and another 27.3 percent for building Egypt’s human capita