Egypt allocates EGP 1bn to boost local automotive industry: Kouchouk
The Egyptian government has allocated EGP 1bn in its fiscal year (FY) 2024/25 budget to finance a strategy aimed at localising the automotive industry, according to Finance Minister Ahmed Kouchouk. The plan seeks to attract investment partnerships in car manufacturing
Egypt unveils EGP 200bn social safety net ahead of Ramadan
The Egyptian government has launched a social support package valued at EGP 200bn to assist citizens facing rising prices. Prime Minister Mostafa Madbouly announced the measures on Wednesday, stating that the package will be implemented during Ramadan and the upcoming
ETA, Egyptian-Chinese Business Association sign cooperation protocol to boost investment
The Egyptian Tax Authority (ETA) has signed a cooperation protocol with the Egyptian-Chinese Business Association to enhance voluntary tax compliance and foster a stable business environment conducive to economic growth. This initiative aligns with directives from Minister of Finance Ahmed
Egypt’s Finance Minister calls for fairer global policies to support emerging economies
Ahmed Kouchouk, Egypt’s Minister of Finance, has urged international financial institutions to adopt more balanced and supportive policies for emerging economies. He emphasized the need for expanded multilateral financing tools to drive sustainable development and enhance resilience against global economic
Egypt launches debt-for-investment initiatives to support sustainable development, green transition
Egypt’s Minister of Finance, Ahmed Kouchouk, announced new initiatives to swap debt for investments in sustainable development and the green transition, reaffirming the country’s commitment to enhancing concessional development financing and expanding fiscal space for developing nations. Speaking at the
Egypt to diversify funding sources with sustainability, social bonds: Finance Minister
Ahmed Kouchouk, Egypt’s Minister of Finance, has emphasized the government’s commitment to engaging with the private sector and international institutions to build a more sustainable economic future. Speaking at the Banking and Finance Committee meeting of Chapter Zero Egypt on
Finance Minister highlights streamlined tax dispute resolution, investment-friendly policies
Ahmed Kouchouk, Egypt’s Minister of Finance, emphasized the government’s commitment to engaging the business community and citizens in shaping economic policies that foster development and fiscal discipline. Speaking at a dialogue session with members of Rotary Nasr City, El-Shorouk, and
E-system for clearing investors’ dues to launch next month: Finance Minister
Minister of Finance Ahmed Kouchouk announced that an electronic system for clearing between investors’ dues and debts will be launched next month, offering investors enhanced liquidity. He also revealed that exceptional solutions would soon be implemented to resolve all tax
Egypt to approve simplified tax system for SMEs, entrepreneurs, and professionals soon: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, has announced that a simplified tax system designed to support small and medium-sized enterprises (SMEs), entrepreneurs, and professionals will soon be approved. This initiative is part of the government’s broader effort to drive investment and
Government plans to borrow EGP 1.983trn from local market in Q1 2025
The Egyptian government is set to borrow EGP 1.983trn from the local market during the first quarter of 2025 to meet previous debt obligations and finance the state’s budget deficit. According to a plan released by the Ministry of Finance,