Finance Minister targets higher spending on industry, exports and human development
Ahmed Kouchouk, Minister of Finance, said the Egyptian economy is showing signs of improvement, affirming the ministry’s commitment to continuing fiscal facilitations without imposing additional burdens on investors or citizens. He stressed that fiscal policy will remain balanced and comprehensive,
Egypt’s engineering industries exports surge 42% in January 2025
The Engineering Export Council of Egypt (EECE), led by Sherif El-Sayyad, announced that engineering exports increased by 42% in January 2025, reaching $526.2m compared to $371.4m in January 2024. El-Sayyad emphasized that this strong start to the year reinforces the
Egypt’s October 2024 trade deficit drops by 16%
The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly Foreign Trade Data for October 2024, revealing a 16% decrease in the trade deficit compared to the same month last year. In October 2024, Egypt’s trade deficit
Egypt’s PM highlights focus on export growth, unveils localisation incentives
Egypt’s Prime Minister Mostafa Madbouly has stressed the importance of the Export Reimbursement Programme in driving Egypt’s economic growth, highlighting plans to offer unprecedented incentives for localising industries and streamlining payment procedures for exporters. Madbouly chaired a Cabinet meeting on
Egypt’s engineering exports surge 28.6% in H1 2024 – Dailynewsegypt
The Engineering Export Council of Egypt (EEC) recently reported a remarkable surge in the sector’s exports during the first half of 2024. Exports increased by 28.6%, reaching an impressive $2.599bn compared to the previous $2.02bn. Led by Sherif El-Sayyad, the
M.O. Group aims to boost exports by 50% this year – Dailynewsegypt
M.O. Group for Food Industries recently participated in the Fancy Food Show in New York from 23 to 25 June. The company’s goal is to expand its exports of candy and chocolate, primarily targeting new markets, especially the United States.
Ready-made garment exports record 23% increase in 4M 2024 – Dailynewsegypt
Marie Louis Bishara, President of the Readymade Garment Export Council, recently announced impressive growth in Egypt’s ready-made garment exports. From January to April 2024, the sector’s exports surged to $856m, a substantial increase compared to the $697m recorded during the