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 …
Economy
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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 …
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Economy
Employment Surge in Egypt non-oil business in September for 3rd consecutive month: PMI report
Egypt’s non-oil sector experienced a significant surge in employment during September 2023, signaling a positive shift in the country’s economic landscape. This growth is a testament to the sector’s resilience …
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Egypt and Russia have strengthened their bilateral ties in the field of taxation. In a significant move, the Egyptian Tax Authority (ETA) and the Russian Federal Taxation Service signed a …
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Egypt’s economy demonstrated signs of resilience in the fiscal year 2023/2024, despite facing several challenges. While the overall GDP growth rate slowed down compared to the previous year, key sectors, …
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Egypt’s Minister of Environment, Yasmine Fouad, recently participated in the opening of the second edition of Cairo Sustainable Energy Week. The event, held under the auspices of the Arab League …
