Day: March 19, 2025

Egypt recorded a historic primary surplus of EGP 330 billion during the first eight months of the fiscal year (July 2024–February 2025), according to Finance Minister Ahmed Kouchouk. During a meeting with Prime Minister Mostafa Madbouly, Kouchouk highlighted a 38.4 percent year-on-year increase in tax revenues, marking the highest annual…

Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that from July 2014 to December 2024, the agency has allocated EGP 11.9bn to support 574,349 small and micro enterprises, as well as infrastructure and community development projects, across the northern Upper Egypt governorates of Minya,…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced an extension of the tax filing deadline to the first working day following the official Eid al-Fitr holiday. The decision aligns with Article 18 of the Civil and Commercial Procedures Code, which stipulates that if a deadline falls on…

Alaa Farouk, Minister of Agriculture and Land Reclamation, reaffirmed Egypt’s strong political commitment to strengthening ties with African nations, in line with President Abdel Fattah Al-Sisi’s directives. Speaking at the annual celebration of the Egyptian African Businessmen’s Association (EABA), Farouk addressed a distinguished audience, including Youth and Sports Minister Ashraf…

Deputy Prime Minister for Human Development and Minister of Health and Population Khaled Abdel Ghaffar, along with Minister of Finance Ahmed Kouchouk, reviewed the progress of the presidential directive to enhance funding for state-sponsored medical treatment. This initiative, part of the latest social protection package, aims to eliminate waiting lists…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir met with UK Trade Envoy to Egypt Yasmin Qureshi to discuss enhancing cooperation in industry and transport. Al-Wazir emphasized the deep-rooted ties between Egypt and the UK and reaffirmed Egypt’s commitment to strengthening collaboration, particularly in…

Banks operating in the Egyptian market recorded net profits of EGP 534.8bn in 2024, compared to EGP 283.4bn at the end of 2023, the Central Bank of Egypt (CBE) revealed on Wednesday. The CBE’s report also indicated that the total financial position of banks in Egypt reached EGP 20.799trn by…

Egyptian President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly and Minister of Communications and Information Technology Amr Talaat to review government efforts on the “Digital Pioneers” initiative, a programme designed to equip young people with advanced technology skills, drive digital transformation, and boost Egypt’s digital exports,…

Egyptian Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of an agreement between the Egyptian Electricity Transmission Company (EETC) and Siemens Gamesa Renewable Energy for the construction of a 500 MW wind power plant in the Gulf of Suez. The ceremony was also attended by Minister of Electricity and…

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the eleventh Berlin Energy Transition Dialogue on March 18 and 19, the Ministry of Petroleum and Mineral Resources said in a statement. Badawy attended the Dialogue at the invitation of the German Foreign Minister and the German Minister for…