Egypt, IFC discuss expanding private sector financing, advancing State Ownership Policy Document
Investment and Foreign Trade Minister Hassan El-Khatib and Planning, Economic Development and International Cooperation Minister Rania Al-Mashat held a joint meeting with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), a member of the World Bank Group, on
Egypt presents ‘new economic narrative’ focused on real economy at G-24 meeting
Egypt has outlined its new economic reform programme, “Egypt’s Narrative for Economic Development,” which focuses on the real economy and empowering the private sector, its planning minister said during the IMF and World Bank annual meetings in Washington. In a
Egypt’s Al-Mashat expects 2026 to be ‘turning point’ for economy after Gaza deal
Egypt’s Minister of Planning and International Cooperation said she expects 2026 to be a “turning point” for the country’s economy, with a peace deal in Gaza set to restore normal navigation in the Suez Canal and boost revenues alongside growth
Egypt, EU discuss CBAM impact, green transition cooperation
Egyptian Minister of Planning Rania Al-Mashat has met with the European Union’s Commissioner for Environment, Water Resilience, and competitive Circular Economy, Jessika Roswall, to discuss the implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM). The meeting, held during the
Egypt extends single-use plastics circular economy project to 2027
Egypt has extended its project promoting circular economy practices in the single-use plastics value chain by one year, pushing its completion to 2027 instead of 2026. The extension comes as part of national efforts to curb plastic pollution and accelerate
Cairo prepares for 5th session of Egyptian-Hungarian Joint Committee
Egypt is preparing for the fifth session of the Egyptian-Hungarian Joint Committee for Economic, Scientific, and Technical Cooperation, scheduled for April 10, 2025. Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat chaired a preparatory meeting on April 9,
Egypt’s Al-Mashat urges Arab economic integration at Kuwait financial meetings
Egypt’s Minister of Planning and Economic Development and International Cooperation, Rania Al-Mashat, called for stronger Arab economic integration to address global challenges at the annual meetings of Arab financial institutions in Kuwait City. Al-Mashat, also governor for Egypt at the
Dollar’s rise within normal range under flexible exchange rate system: Madbouly
Prime Minister Mostafa Madbouly affirmed on Wednesday that the recent uptick in the US dollar’s value against the Egyptian pound is a normal development within currency markets and poses no cause for concern. He emphasized that Egypt adheres to a
No intervention in foreign exchange market; it operates freely: CBE’s Deputy Governor
Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE), confirmed that the bank is not intervening in the foreign exchange market, stating that there is currently no benefit to such intervention. “The market is responding and correcting
MSMEDA issues 130,000 licences for small enterprises over past decade
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that between July 2014 and December 2024, the agency issued 19,804 final and temporary business regularization licences, along with 110,137 final licences for small enterprises. These