Egypt launches project to upgrade export environment, streamline port procedures
Finance Minister Ahmed Kouchouk and Minister of Investment and Foreign Trade Hassan El-Khatib have announced the launch of a new project to modernise the work environment for export procedures at Egyptian ports. The initiative involves establishing advanced inspection and screening
We look forward to expanding US investments in Egyptian economy: Kouchouk
Finance Minister Ahmed Kouchouk affirmed Egypt’s commitment to strengthening the participation and investments of American companies in the Egyptian economy amid improving macroeconomic indicators. Speaking at a meeting with the American Chamber of Commerce on the sidelines of the IMF
Egypt seeks to strengthen economic, trade, and investment relations with Greece: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, affirmed the country’s commitment to strengthening bilateral cooperation with Greece, focusing on the exchange of expertise and policy dialogue in fiscal management, tax and customs system development, and joint investment promotion. Speaking during his
Egypt to provide EGP 90bn in financing facilities for key sectors at interest rates below 15% this fiscal year
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, together with Minister of Finance Ahmed Kouchouk, announced the continuation of the government’s initiative to support industrial, agricultural, and renewable energy sectors, aimed at encouraging the
Global rating agencies begin upgrading Egypt’s economic outlook: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that Standard & Poor’s (S&P) has upgraded Egypt’s credit rating from “B–” to “B” for the first time in seven years, maintaining a stable outlook. The move, along with Fitch Ratings’ decision to
9 tax exemptions introduced for businesses with annual revenues under EGP 20m: Finance Minister
Minister of Finance Ahmed Kouchouk announced that nine new tax exemptions will be granted to business activities with annual revenues below EGP 20m, as part of Egypt’s ongoing efforts to support small enterprises and broaden the tax base through trust
Egypt approves record 2025/26 budget with focus on growth, social investment
The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, has approved the draft budget for the 2025/2026 fiscal year and referred it to Parliament for discussion and final approval. The new budget reflects record spending and a continued commitment to
Egypt offers EGP 3bn boost for state-funded medical treatment from March to June 2025
Deputy Prime Minister for Human Development and Minister of Health and Population Khaled Abdel Ghaffar, along with Minister of Finance Ahmed Kouchouk, reviewed the progress of the presidential directive to enhance funding for state-sponsored medical treatment. This initiative, part of
Egypt launches EGP 4bn initiative to support 10 million families on ration cards
Ahmed Kouchouk, Minister of Finance, and Sherif Farouk, Minister of Supply and Internal Trade, have reviewed the progress of implementing the presidential directive designed to provide additional financial support to 10 million vulnerable families registered on ration cards. With a
Egypt achieves EGP 330bn primary surplus in H1 2024/25, reflecting strong financial performance
Egypt has recorded a primary surplus of EGP 330bn for the first half (H1) of the fiscal year 2024/25, marking its highest surplus to date, according to Minister of Finance Ahmed Kouchouk. This achievement reflects strong financial performance, bolstered by