In a continued effort to integrate sustainability into its national development agenda, Egypt’s Ministry of Planning, Economic Development, and International Cooperation has unveiled its updated Economic and Social Development Plan …
Economy
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EconomyHighlights
ETA to Launch Second Tax Facilitation Package for Public Consultation, Building on EGP 80 Billion Success
The Egyptian Tax Authority (ETA) is preparing to roll out the second phase of its tax facilitation initiative, following the resounding success of its first package, which generated EGP 80 …
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EconomyHighlights
Egypt Cuts Customs Clearance Time from 16 Days to 5.8 Days, Investment Minister Tells EBRD
In a significant signal of Egypt’s accelerating economic reforms, Minister of Investment and Foreign Trade, Eng. Hassan El-Khatib, announced that customs clearance times have been slashed from 16 days to …
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EconomyHighlights
Egypt’s Economic Growth Surges to 4.2% Amid Structural Reforms and Private Sector Expansion, Says Planning Minister
In a high-level meeting with a delegation from S&P Global Ratings, Egypt’s Minister of Planning, Dr. Rania Al-Mashat, presented a data-driven update on Egypt’s macroeconomic performance, underlining the country’s continued …
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EconomyHighlights
Egypt Expands Card Tokenization Services to Android Devices in Push for Digital Payments
The Central Bank of Egypt (CBE) has announced a major step forward in the country’s digital finance transformation, confirming that it is working with local banks to launch card tokenization …
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EconomyHighlights
Egypt Unveils 2030 Narrative: 1.5M Jobs, 75% Green Investment, and 82% Private Sector Shar
| Egypt unveiled a sweeping set of economic targets yesterday during the official launch of its National Economic Development Narrative, signaling a pivot toward higher growth, stronger private sector participation, …
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EconomyHighlights
Egypt’s “Tahweesha” Initiative Showcased as Regional Model for Women’s Economic Empowerment at ESCWA Conference
The National Council for Women (NCW) of Egypt took center stage at the regional meeting on women’s economic empowerment, hosted by the United Nations Economic and Social Commission for Western …
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EconomyHighlights
Egypt Invests EGP 300 Billion to Advance Women’s Economic Empowerment: Planning Minsitry
Egypt’s efforts to advance women’s economic empowerment continue to gain momentum, with over EGP 300 billion allocated between FY 2020/2021 and 2024/2025 to support women’s inclusion in social and human …
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EconomyHighlights
Egypt’s Financial Inclusion Hits 74.8% by End of 2024, Driven by Youth and Women Empowerment
The Central Bank of Egypt (CBE) announced that 74.8% of citizens aged 15 and above now have access to and actively use formal financial accounts. This includes accounts with banks, …
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EconomyHighlights
Egypt’s Tax Revenues Surge to EGP 2.2 Trillion Without New Burdens Amid Voluntary Compliance
Egypt has recorded unprecedented tax revenues of EGP 2.2 trillion in the past fiscal year, marking a 35% year-on-year growth, according to Rasha Abdel Aal, Head of the Egyptian Tax …
