Egypt’s integrated national financing strategy signals new era in sustainable development: Panova
The launch of Egypt’s Integrated National Financing Strategy (INFS) marks a transformative policy shift, moving from fragmented financial approaches to a cohesive framework that aligns financial flows with national development priorities. This milestone strengthens Egypt’s role in global development financing,
Budget deficit inches down, primary surplus hits 20-year high
Egypt’s overall budget deficit narrowed slightly in the first six months of the fiscal year, while the primary surplus rose to about EGP 230bn, its highest level in 20 years. The Ministry of Finance’s monthly report, issued on Tuesday,
Al-Sisi, Eni CEO discuss boosting bilateral cooperation
Egypt’s President Abdel Fattah Al-Sisi received on Monday Claudio Descalzi, CEO of the Italian company Eni, and his accompanying delegation of senior company officials, to discuss joint cooperation. The meeting was attended by Karim Badawi, Egypt’s Minister of Petroleum and
Egyptian government plans to borrow EGP 1.293trn from domestic market
The Egyptian government plans to borrow EGP 1.293trn from the domestic market during November and December 2024, according to figures obtained by Daily News Egypt. The government intends to use the borrowed funds to repay previous debt instruments and finance
CBE issues guidelines for tourism support initiative
The Central Bank of Egypt (CBE) has issued the guidelines for the tourism support initiative, previously announced by the Egyptian government, to allocate EGP 50bn, funded by the Ministry of Finance. According to a circular from the Central Bank, the