Egypt’s economy demonstrates resilience amid successive global shocks
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said the national economy has withstood five major external shocks over the past six years, each of which could have triggered a severe downturn, yet continued to deliver positive performance indicators.
SCZONE attracts record $7.1bn in annual investments, secures $1.8bn in two months
Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, highlighted the zone’s expanding role as a global logistics and industrial hub during his participation in a conference organised by AHK Egypt. Held in New Cairo under the theme
Suez Canal economic zone investments hit $7.1bn so far this fiscal year, chairperson tells OECD
Investments in Egypt’s Suez Canal Economic Zone (SCZone) have reached $7.1bn so far in the current fiscal year, up from $4.4bn during the previous financial year, the authority’s chairperson said on Monday. The economic zone has succeeded in drawing a
Egypt’s economic growth accelerates to 5.3% in first half of year, planning minister says
Egypt’s economic growth reached 5.3% in the first half of the current fiscal year, marking a broad and accelerating recovery across six consecutive quarters, Minister of Planning and Economic Development Ahmed Rostom said. Growth rose from 2.4% in fiscal year
Al-Sisi, OECD chief discuss reforms, expanding private sector role
Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s reform programme, with a particular focus on boosting private sector
Egypt concludes five-year OECD policy programme, launches five structural economic reports
Egypt has concluded the first phase of its five-year Country Programme with the Organisation for Economic Co-operation and Development (OECD), launching five major reports aimed at guiding structural economic and institutional reforms, Prime Minister Mostafa Madbouly announced. Speaking at a
Egypt’s economic trajectory reassuring and balanced, finance minister says
Egypt’s economic trajectory is “reassuring” and maintains a strict balance between stimulating production and exports while ensuring fiscal discipline, Minister of Finance Ahmed Kouchouk said. Speaking at a new round of the Egyptian-European economic dialogue in Cairo, Kouchouk said the
Egypt eyes broader partnership with IsDB: Planning Minister
Ahmed Rostom, Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group (IsDB), held talks with Nour El-Din Mabrouk, Director of the Bank’s Regional Hub in Cairo, and his delegation to explore frameworks for future
Finance Ministry steps up investor outreach to showcase Egypt’s economic vision
The Ministry of Finance is intensifying engagement with international investors to present Egypt’s vision for navigating current economic challenges and sustaining growth. Ahmed Kouchouk, Minister of Finance, emphasized that the government has adopted a rapid, proactive approach that has been
Egypt’s Doorknock Mission in Washington: Investment prospects amid regional turmoil
The American Chamber of Commerce (AmCham) in Egypt has wrapped up its 43rd “Doorknock Mission” to Washington, concluding a week of high-level meetings that delivered both economic and political signals at a time of regional upheaval. Over the course of