Egypt launches project to upgrade export environment, streamline port procedures
Finance Minister Ahmed Kouchouk and Minister of Investment and Foreign Trade Hassan El-Khatib have announced the launch of a new project to modernise the work environment for export procedures at Egyptian ports. The initiative involves establishing advanced inspection and screening
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 to provide EGP 90bn in financing facilities for key sectors at interest rates below 15% this fiscal year
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, together with Minister of Finance Ahmed Kouchouk, announced the continuation of the government’s initiative to support industrial, agricultural, and renewable energy sectors, aimed at encouraging the
Global rating agencies begin upgrading Egypt’s economic outlook: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that Standard & Poor’s (S&P) has upgraded Egypt’s credit rating from “B–” to “B” for the first time in seven years, maintaining a stable outlook. The move, along with Fitch Ratings’ decision to
New guide to help investors understand rights, tax obligations: ETA
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), reaffirmed the Ministry of Finance and ETA’s commitment to strengthening communication with tax professionals, economic associations, and the business community. She emphasized that these entities are key partners in developing
Egypt launches debt-for-investment initiatives to support sustainable development, green transition
Egypt’s Minister of Finance, Ahmed Kouchouk, announced new initiatives to swap debt for investments in sustainable development and the green transition, reaffirming the country’s commitment to enhancing concessional development financing and expanding fiscal space for developing nations. Speaking at the
Egypt to approve simplified tax system for SMEs, entrepreneurs, and professionals soon: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, has announced that a simplified tax system designed to support small and medium-sized enterprises (SMEs), entrepreneurs, and professionals will soon be approved. This initiative is part of the government’s broader effort to drive investment and
Ministry of Finance plans to issue EGP 751bn in T-Bills, bonds in December
Egypt’s Ministry of Finance is set to issue 33 treasury bill and bond auctions worth EGP 751bn in December 2024, aiming to settle previous debt obligations and finance the state budget deficit. The plan includes 20 treasury bill auctions valued
FRA-supervised entities offer EGP 51.5bn finance until August 2024
The Financial Regulatory Authority (FRA) has revealed that the organizations subject to its supervision, including capital market and non-banking financing entities, had injected financing worth EGP 51.5bn until August 2024. The Authority said the financing was divided into EGP
Egypt looks forward to constructive discussions during IMF’s 4th review of reform programme: Kouchouk
Ahmed Kouchouk, Egypt’s Minister of Finance, expressed optimism for positive and constructive discussions during the upcoming visit of the International Monetary Fund (IMF) mission, which aims to conduct the “fourth review” of Egypt’s economic reform programme. He emphasized the importance