United Arab Emirates

Egypt seeks 6% growth rate during upcoming fiscal year, Minister

Finance Minister Mohamed Maait said on Saturday that Egypt’s fiscal policy aims to raise economic growth rates to 6 percent in the upcoming fiscal year, following the recent rise to 5.5 percent and the government’s success in achieving a balance of growth between different economic sectors. Maait’s remarks came during his meeting on Saturday with Belgian Ambassador in Cairo Sibille de Cartier. The Belgian Ambassador expressed her country’s readiness to provide support and assistance in various areas of reform adopted by the Egyptian government, as well as providing technical support to the Egyptian Finance Ministry to re-engineer tax procedures in applying the best and latest technological systems for the tax a ...