The Egyptian government has reportedly requested an extension from the International Monetary Fund (IMF) regarding the timeline for implementing economic reforms tied to its loan program. According to an anonymous …
Economy
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The House of Representatives has approved Egypt’s contribution to the capital increase of the International Finance Corporation (IFC), a key member of the World Bank Group. As part of this …
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Egyptian President Abdel Fattah Al-Sisi arrived in Kazan on Tuesday for the 16th BRICS Summit, marking Egypt’s first participation in the group since its official accession earlier this year. The …
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In a strategic move to bolster microfinance accessibility in Egypt, Al Tadamun Microfinance has entered into a significant EGP 150 million credit facility agreement with Commercial International Bank (CIB). This …
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The African Development Bank (AfDB) has pledged $1.46 billion through 14 operations aimed at enhancing the private sector from 2022 to 2024. This announcement was made by Egypt’s Minister of …
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Prime Minister Mostafa Madbouly shared this update during a meeting of the Coordinating Council for Fiscal and Monetary Policies, aimed at addressing various pressing economic issues. This came on the …
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Egyptian banks will begin offering free bank accounts without any minimum balance requirements. This initiative is part of the government’s efforts to encourage savings and provide accessible banking services to …
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Egypt will to introduce a groundbreaking medium-term budgetary framework starting in 2025, marking a significant step towards enhancing fiscal discipline and promoting sustainable economic growth. This strategic initiative aims to …
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Amid global economic challenges, the Egyptian government has announced a comprehensive economic stimulus package worth EGP 10 billion for the current fiscal year. This initiative aims to stimulate growth, enhance …
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Egypt’s Planning Minister, Rania Al Mashat, has announced a significant investment of EGP 530.5 billion aimed at developing the Sinai Peninsula and the Canal cities. This initiative underscores the country’s …
