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 …
Economy
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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. …
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EconomyHighlights
Egypt Pushes for Stronger Central Bank Ties and Local Currency Settlements at BRICS Summit in Rio
Egypt has urged BRICS member states to intensify cooperation between their central banks and accelerate the shift toward settling cross-border payments in local currencies, a move aimed at reducing dependence …
