Day: April 26, 2025

The Financial Regulatory Authority (FRA) announced that total financing provided through entities under its supervision — including capital market activities and non-banking financial services — reached EGP 118.5bn in February 2025. According to the FRA’s latest report, this figure includes EGP 49.6bn from share issuances, EGP 32.6bn from the issuance…

Ahmed Kouchouk, Minister of Finance, affirmed that President Abdel Fattah Al-Sisi provided exceptional support for the government’s tax facilitation initiatives. He emphasized the Ministry’s full commitment to the accurate implementation of the first package of announced incentives and facilitations, alongside ongoing efforts to rebuild taxpayer confidence. Kouchouk noted that tax…

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the Authority has injected approximately EGP 800m into North and South Sinai from July 2014 through the end of 2024. This financing has supported around 9,600 small and micro projects, generating over 23,000 job opportunities…

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, continued her participation in the International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings in Washington, D.C., engaging in multiple events focused on global growth, the green transition, and the future of jobs, according to a statement…

Ahmed ElSobky, Chairperson of the Egypt Healthcare Authority (EHA) and General Supervisor of the Comprehensive Health Insurance System, chaired a meeting with a high-level delegation from Türkiye’s Modest Group, a leading institution specializing in psychiatric hospital and addiction treatment management. The meeting aimed to discuss areas of cooperation and explore…

Egypt’s economy is forecast to see increased growth in the current and next fiscal years according to the World Bank (WB) and International Monetary Fund (IMF), projections which the government attributed to its economic and structural reform policies. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development and International Cooperation, commented…

The Egyptian government plans to issue EGP 2.175trn in local debt instruments during the fourth quarter of fiscal year 2024/2025 to refinance maturing debt and finance the state budget deficit. According to the Ministry of Finance’s published plan, this includes 52 treasury bill (T-bill) offerings valued at EGP 1.905trn and…

Commercial International Bank – Egypt (CIB) has launched an upgraded version of its internet banking platform, enabling customers to securely manage their accounts and perform banking transactions directly through a web browser—without the need to download the banking app. This move aligns with the bank’s ongoing commitment to driving digital…