In a statement released on Saturday, Maait expressed his deep gratitude to President Abdel Fattah Al-Sisi for his trust and support in securing the role.
The disbursement will be completed to the exporting companies benefiting from this stage in subsequent installments on July 11 and August 8.
The government is footing a significant part of the bill for the new vehicles, providing participants with current-year models at below-market prices as well as a 7- and 10-year installment plan with a 3% flat annual interest rate
The electronic payment service's growth rate for workers' salaries in the country reached 24%, with a value of EGP 299.4 billion, compared to about EGP 242.2 billion for the same period in the last fiscal year.
The total deficit decreased to 3.6% of the local output, instead of 6.1% in the previous fiscal year, the minister of finance indicated.
