Egypt allocates EGP 28bn to export support in FY2025/26, up 55%: Finance minister
Egypt allocated EGP 28bn to export support during the 2025/26 fiscal year, a 55% increase from the previous year, as part of the government’s efforts to boost production, exports, and private sector investment, Minister of Finance Ahmed Kouchouk said. Speaking
Egypt prioritises maximising state assets, expanding private sector partnerships: Military production minister
Salah Gamblat, Minister of State for Military Production, said the state, under the leadership of President Abdel Fattah Al-Sisi, places great importance on maximising the value of its assets and industrial capabilities, localising industry, and strengthening partnerships with the private
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
Egypt to offer ‘Ministries Square’ to private sector investors
Egyptian Prime Minister Mostafa Madbouly chaired a meeting to review the steps and procedures for maximising the benefits of the “Ministries Square” area and offering it to the private sector, the cabinet said on Sunday. The meeting was attended by
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,
Egyptian Parliament approves EBRD expansion into Sub-Saharan Africa and Iraq
The Egyptian House of Representatives has approved an amendment to the European Bank for Reconstruction and Development’s (EBRD) establishment agreement, paving the way for the bank to expand its operations into sub-Saharan Africa and Iraq. The decision, ratified during a
IFC to advise Egypt on private sector participation in airports
The Egyptian government has signed an advisory services agreement with the International Finance Corporation (IFC), the World Bank’s private sector arm, to expand private sector participation in the country’s airport sector. The signing ceremony was held on Monday at the
Egypt prioritizes macroeconomic stability, private sector growth: Al-Mashat
The Egyptian government is committed to enhancing macroeconomic stability and strengthening resilience against global changes, according to Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation. Addressing the Akhbar Al-Youm Economic Conference, Al-Mashat outlined the government’s plans to foster
Deputy PM emphasizes private sector’s role in advancing Egypt’s health system
Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, has underscored the significance of private sector collaboration in developing Egypt’s health system. Speaking at a symposium organized by the Egyptian-Lebanese Businessmen Association under the theme “The Importance
Egyptian Parliament approves $131m AfDB budget support deal
The Egyptian House of Representatives has approved an agreement with the African Development Bank (AfDB) for $131m to finance the first phase of the Private Sector Development and Economic Diversification Program, a component of the country’s general state budget support.