Economic Ministerial Group reviews IMF reform programme, approves updated State Ownership Policy
Egypt’s Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group in the New Administrative Capital to review key economic priorities, including progress under Egypt’s reform programme with the International Monetary Fund (IMF), inflation developments, investment reforms, and
Egypt targets 4.8-5.2% economic growth in FY 2026/27, rising to 6.8% by 2030: Rostom
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said the government is targeting economic growth of between 4.8% and 5.2% in fiscal year 2026/27, adopting a cautious approach amid ongoing regional instability and global economic uncertainty, while laying the
Planning Ministry unveils FY 2026/27 development plan targeting EGP 3.7trn in investments
The Ministry of Planning and Economic Development has unveiled the key features of Egypt’s Economic and Social Development Plan for fiscal year (FY) 2026/27, as well as the medium-term development framework covering the period from FY 2026/27 to FY 2029/30.
Egypt advocates deeper Africa-Korea partnerships to drive sustainable development
Egyptian Foreign Minister Badr Abdelatty said on Monday that the partnership between South Korea and Africa could serve as a model for development cooperation based on mutual benefit, calling for broader collaboration in infrastructure, industrialisation, technology transfer, energy, food security,
Planning minister reviews investment plan, development efforts with Menoufeya governor
Ahmed Rostom, Minister of Planning and Economic Development, met with Amr El-Gharib, Governor of Menoufeya, during a field visit to review development projects under the economic and social development plan and assess efforts to enhance services in line with Egypt
IFC marks 50 years in Egypt with $10bn mobilized across 300 projects
The International Finance Corporation (IFC) is celebrating five decades of partnership with Egypt’s private sector, during which it has invested and mobilized more than $10bn across nearly 300 projects since 1976. According to IFC, these investments have spanned critical sectors
IFC affirms commitment to Egypt’s economic reforms at 50-year anniversary event
The International Finance Corporation (IFC) and the World Bank Group reaffirmed their commitment to turning Egypt’s economic reforms into sustained outcomes during an event at the Giza Pyramids marking 50 years of operations in the country. Speaking at the gathering,
Egypt, World Bank develop innovative financing model for infrastructure projects
Ahmed Rostom, Minister of Planning and Economic Development, met with Almud Weitz, Regional Director for Infrastructure in the Middle East and North Africa at the World Bank Group, to discuss strengthening cooperation and advancing shared strategic priorities. Rostom affirmed that
Egypt launches initiative to support cotton-based SMEs, strengthen production clusters
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has launched the “Egyptian Cotton Festival” initiative in cooperation with Cairo Governorate and in collaboration with the Egyptian Marketing Studies Foundation, aiming to support micro, small and medium enterprises (MSMEs) and
Egypt’s Al- Sisi directs mapping, development of state endowments to attract new investments
Egyptian President Abdel Fattah Al-Sisi has directed the comprehensive documentation and optimal use of the country’s endowment properties to enhance their contribution to the national economy, the presidency said. During discussions at the Strategic Command in the New Administrative Capital,