Private sector leads Egypt’s investment with 73% growth, says finance minister
Private sector investments in Egypt grew by 73% during the last fiscal year, Egyptian Finance Minister Ahmed Kouchouk said, adding that the private sector is now leading investment in the country. Speaking at a virtual meeting with investors organised by
We look forward to expanding US investments in Egyptian economy: Kouchouk
Finance Minister Ahmed Kouchouk affirmed Egypt’s commitment to strengthening the participation and investments of American companies in the Egyptian economy amid improving macroeconomic indicators. Speaking at a meeting with the American Chamber of Commerce on the sidelines of the IMF
Egypt seeks to strengthen economic, trade, and investment relations with Greece: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, affirmed the country’s commitment to strengthening bilateral cooperation with Greece, focusing on the exchange of expertise and policy dialogue in fiscal management, tax and customs system development, and joint investment promotion. Speaking during his
Egypt’s FY 2023/24 development plan hits 98.5% implementation rate
Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat has reviewed the implementation of the fiscal year (FY) 2023/24 economic and social development plan with the Economic Committee of the House of Representatives. Al-Mashat, participating in a meeting
Egypt’s GDP Growth Reaches 3.5% in Q1 FY2024/25
Egypt’s economy experienced a 3.5% growth in the first quarter (Q1) of the FY2024/25, according to the Ministry of Planning, Economic Development, and International Cooperation. This marks an increase from the 2.7% GDP growth recorded during the same quarter of
Hisham Talaat Moustafa proposes establishment of tourism development council
Hisham Talaat Moustafa, CEO of Talaat Mostafa Group (TMG), has proposed the formation of a national council for tourism development, whose decisions would be binding on all relevant authorities. He also suggested hiring an international consultant to develop a comprehensive
IMF’s Georgieva praises Egypt’s reforms, flexible exchange rate
Egypt has successfully implemented a flexible exchange rate system, the International Monetary Fund’s (IMF) managing director Kristalina Georgieva said Sunday, praising the efforts of the Central Bank of Egypt (CBE). Georgieva said Egypt has made “successful progress” on the flexible