Advancing Egypt’s fiscal governonce, Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the Authority has officially joined the “Tax Inspectors Without Borders” (TIWB) initiative as a …
Economy
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EconomyHighlights
Egypt Finalizes Draft Law for Central Business and Financial Zones, Aiming to Attract Global Investment
Egypt’s Prime Minister Mostafa Madbouly chaired a high-level meeting on Wednesday to review the final draft of the long-anticipated Central Business and Financial Zones Law, a cornerstone of Egypt’s efforts …
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EconomyHighlights
Egypt Set to Achieve 4% Primary Surplus in FY2025/2026 Amid Fiscal Consolidation Push, IMF Says
Egypt’s primary fiscal surplus—excluding proceeds from state asset sales—is expected to reach 4% of gross domestic product (GDP) in fiscal year (FY) 2025/2026, according to the International Monetary Fund’s (IMF) …
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EconomyHighlights
From Compliance to Catalyst: Egypt’s FRA Elevates Corporate Governance Agenda at AmCham Egypt Forum
In a significant call for strengthening corporate governance across Egypt’s financial ecosystem, Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA), stressed that governance is not just a compliance …
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EconomyHighlights
Egypt Allocates EGP 5 Billion in 2025/2026 Budget to Empower MSMEs and Young Entrepreneurs
Catalyzing private-sector growth and empower youth-led innovation, Egyptian Finance Minister Ahmed Kouchouk announced the allocation of EGP 5 billion in the 2025/2026 state budget to support micro, small, and medium-sized …
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EconomyHighlights
Egypt’s Public Enterprises Ministry and World Bank Group Deepen Strategic Dialogue to Reform State-Owned Enterprises
In a high-level meeting underscoring Egypt’s accelerating economic reform efforts, Minister of Public Enterprises Sector Mohamed El-Shimy hosted a delegation from the World Bank Group at the Ministry’s headquarters in …
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Egypt’s Minister of Planning, Dr. Rania Al-Mashat,—as well as Egypt’s Governor at the European Bank for Reconstruction and Development (EBRD)—witnessed the signing of a landmark $100 million sustainability-linked loan (SLL) …
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In a move designed to unlock the potential of Egypt’s micro and small enterprises, the Egyptian Tax Authority (ETA) has introduced a landmark package of tax facilities aimed at …
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EconomyHighlights
Minister Rania Al-Mashat discusses Next steps for CIF-supported decarbonization program with EBRD delegation
In a high-level meeting aimed at reinforcing Egypt’s green industrial transformation, Minister of Planning, Dr. Rania Al-Mashat,met with senior representatives from the European Bank for Reconstruction and Development (EBRD) to …
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EconomyHighlights
CBE Temporarily Raises Daily Cash Withdrawal Limit to EGP 500,000 Amid Network Disruptions
In response to ongoing disruptions in telecommunications infrastructure, the Central Bank of Egypt (CBE) has announced a temporary increase in the daily cash withdrawal limit for both individuals and businesses. …
