Dr. Rania Al-Mashat, Egypt’s Minister of Planning and Economic Development, and Makhtar Diop, Managing Director of the International Finance Corporation (IFC), jointly inaugurated the newly renovated IFC office in Cairo. …
Economy
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Egypt’s Prime Minister Mostafa Madbouly emphasized the country’s strategic pivot to private-sector-led growth, unveiling a suite of structural reforms, funding mechanisms, and regulatory frameworks designed to empower entrepreneurs and attract …
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EconomyHighlights
President El-Sisi Meets with IFC CEO to Boost Private Sector Investment and Economic Cooperation
The Egyptian President Abdel Fattah El-Sisi met today with Makhtar Diop, CEO of the International Finance Corporation (IFC), to discuss expanding financial cooperation, boosting private sector investment, and enhancing Egypt’s …
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EconomyHighlights
World Bank Upgrades Egypt’s Economic Outlook, Projects Gradual Growth Through FY2026/27
The World Bank has raised its forecast for Egypt’s real GDP growth in the 2024/2025 fiscal year to 3.8%, up from an earlier estimate of 3.5%, citing signs of stabilization …
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EconomyHighlights
Egypt Rises to Second Place in Africa’s New Public Service Delivery Index, Tops Power Infrastructure
In a striking debut of the African Development Bank’s Public Service Delivery Index (PSDI), Egypt has emerged as the second-best performing nation across Africa—a testament to the country’s ambitious reform …
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EconomyHighlightsNews
Egypt’s Planning Ministry Unveils $660 Million Investment Plan for Matrouh Governorate
The Egyptian Ministry of Planning, Economic Development, and International Cooperation has released its detailed investment blueprint for Matrouh Governorate, targeting 206 development projects with a total investment of EGP 20.4 …
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EconomyHighlights
Egypt Launches Next-Gen. Export Rebate Program with EGP 45 Billion Budget for FY 2025/2026
Egypt’s government has unveiled the full details of its restructured export rebate program for fiscal year 2025/2026, allocating EGP 45 billion in what officials describe as a landmark move to …
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In a move redefining Egypt’s entrepreneurial ecosystem, the Commercial International Bank (CIB), the nation’s foremost private-sector bank, has announced a strategic partnership with Lantern Ventures, a pioneering venture studio. The …
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EconomyHighlights
Egyptian Startups Secure $228 Million in Funding, Bolstering Entrepreneurial Ecosystem
Egypt’s burgeoning startup ecosystem has taken a significant leap forward in early 2025, attracting $228 million in venture capital and debt financing from January through May, according to a new …
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EconomyHighlights
Egypt’s Finance Ministry to Roll Out New Export Support Program in Bid to Bolster Growth
Egypt will launch a new export support program next week aimed at strengthening the country’s competitiveness in global markets, Finance Minister, Ahmed Kouchouk, announced Friday during a high-level meeting in …
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