Egypt’s PM cites optimism on IMF reviews as economic indicators beat targets
Prime Minister Mostafa Madbouly stated on Wednesday that there is “optimism” concerning ongoing talks with the International Monetary Fund (IMF) mission, citing positive economic indicators that have surpassed targets in some areas. Speaking at a weekly press conference following a
Egypt to swap capital gains for stamp duty to boost stock market investment
Egypt plans to replace capital gains tax with a stamp duty to stimulate institutional investment in the stock exchange, Finance Minister Ahmed Kouchouk announced on Wednesday, as part of a second package of tax facilities aimed at supporting the business
Egypt, Bulgaria sign protocol to expand economic ties across 19 sectors
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of diplomatic ties between the two nations. The agreement was finalised
Egypt tackles waste sector funding gaps, local governance reforms
Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, held two meetings on Wednesday with Minister of Finance Ahmed Kouchouk at the ministry’s headquarters in the New Capital to discuss key financial and environmental priorities, including support
Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy
Egypt on Tuesday inaugurated the 24th Meeting of the Parties to the Barcelona Convention (COP24) in Cairo, convening ministers and representatives from 21 Mediterranean countries alongside regional and international organisations to advance efforts to protect the Mediterranean Sea from pollution.
CBE attracts $1.041bn in bids for USD T-bills, accepts $961m at 3.75% rate
The Central Bank of Egypt (CBE) received 19 bids totaling $1.041bn in its USD-denominated local treasury bill auction held on Monday. The offering, originally sized at $950m for a 364-day tenor maturing on 1 December 2026, drew strong investor interest.
Egypt’s Health Minister leads high-level meeting to safeguard medicine, medical supply chains
Egypt’s Health Minister and Deputy Prime Minister Khaled Abdel Ghaffar chaired an expanded meeting to assess the stability of the country’s medicine and medical supplies supply chains, the Ministry of Health announced on Tuesday. The meeting brought together Finance Minister
Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030
Hassan El-Khatib, Minister of Investment and Foreign Trade, reaffirmed Egypt’s commitment to completing the ratification procedures for the Preferential Trade Agreement (PTA) among member states of the Developing-8 Organisation for Economic Cooperation (D-8). He added that Egypt will formally notify
Net foreign assets of Egypt’s banking sector rise to $22.6bn in October
The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs) in the banking sector rose to $22.656bn, equivalent to EGP 1.070tn, in October 2025, compared to $20.783bn (around EGP 996.148bn) in September. According to the CBE’s monthly report,
Egypt forms committee to address customs disparities, strengthen local industry
Minister of Industry and Transport and Deputy Prime Minister for Industrial Development Kamel Al-Wazir has announced the formation of a committee to investigate harmful customs disparities affecting local industries and propose corrective measures. The committee will be chaired by the