Economy

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  • Category : Economy
  • Finance Ministry: Total public expenditure rose by EGP 299 bln in July-December of FY 2024-25

    Date: 2025-03-25 19:02:03 GMT - Egypt - Economy - SN:51 - ID:11115596

    CAIRO, March 25 (MENA) - Total public expenditure rose by EGP 299.6 billion (20.5%) to register nearly EGP 1.7 trillion in the first half of the fiscal year (FY) 2024/2025, compared to approximately EGP 1.4 trillion in the same period of the ....

  • OPEN// PM attends signing of $1.65 bln metal industries complex deal

    Date: 2025-03-25 18:59:09 GMT - Egypt - Economy - SN:50 - ID:11115523

    CAIRO, March 25 (MENA) – Prime Minister Mostafa Madbouli attended the signing of a $1.65 billion contract to establish the Shin Feng Integrated Metal Industries Complex in the Ain Sokhna industrial zone, part of the Suez Canal Economic Zone. The ....

  • Finance min.: Tax revenues up 38% during 1st half of FY 2024/2025

    Date: 2025-03-25 18:05:25 GMT - Egypt - Economy - SN:44 - ID:11115526

    CAIRO, March 25 (MENA) - Minister of Finance Ahmed Kouchouk said that tax revenues increased by nearly 38% during the first half of the Fiscal Year 2024/2025, to reach EGP 912.5 billion, compared to EGP 662 billion during the same period of the ....

  • House okays presidential decree on ¥500 mln Japanese grant

    Date: 2025-03-25 17:57:09 GMT - Egypt - Economy - SN:42 - ID:11115062

    CAIRO, March 25 (MENA) - The House of Representatives approved during a plenary session on Tuesday Presidential Decree No. 32/2025 to endorse mutual letters concerning a Japanese ¥ 500 million grant agreement between Egypt and Japan for implementing ....

  • Planning min., Azerbaijani amb. discuss prospects of economic, investment cooperation

    Date: 2025-03-25 17:34:13 GMT - Egypt - Economy - SN:39 - ID:11115260

    CAIRO, March 25 (MENA) - Minister of Planning, Economic Development and International Cooperation Rania el-Mashat discussed with ambassador of Azerbaijan to Egypt Elkhan Polukhov prospects of bilateral economic and investment ....

  • House approves loan agreement with EBRD to establish Robeiky-10th of Radaman-Belbeis railway line

    Date: 2025-03-25 16:19:18 GMT - Egypt - Economy - SN:38 - ID:11115160

    CAIRO, March 25 (MENA) - The House of Representatives, under Speaker Hanafy el Gebaly, approved on Tuesday a loan agreement, worth 35 million euros, signed between the Egyptian government and the European Bank for Reconstruction and Development ....

  • ICT Ministry eyes attracting more investments in AI

    Date: 2025-03-25 16:05:46 GMT - Egypt - Economy - SN:34 - ID:11115148

    CAIRO, March 25 (MENA) - Minister of Communications and Information Technology Amr Talaat said that the launch of Egypt's National AI Strategy in January is founded on six main pillars which are important for enabling AI-focused startups to grow ....

  • OPEN// PM directs to finalize & present new export support program to exporters

    Date: 2025-03-25 15:20:13 GMT - Egypt - Economy - SN:32 - ID:11115383

    CAIRO, March 25 (MENA) - Prime Minister Moustafa Madbouli directed to present to exporters the final version of a proposed new export support program, with the view to reaching a consensus on its procedures and provisions. The premier's remarks ....

  • Foreign, investment ministers probe ways to promote FDI inflows to stimulate economic growth

    Date: 2025-03-25 14:36:41 GMT - Egypt - Economy - SN:30 - ID:11115191

    CAIRO, March 25 (MENA) - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty and Minister of Investment and Foreign Trade Hassan El Khatib discussed Tuesday enhancing coordination between their ministries to achieve ....

  • SCA says committed to strengthening strategic partnerships with customers

    Date: 2025-03-25 14:12:46 GMT - Egypt - Economy - SN:28 - ID:11115157

    ISMAILIA, Egypt, March 25 (MENA) - The Suez Canal Authority (SCA) said Tuesday it is committed to maintaining effective contacts with customers and building on the strategic relationship it has with major shipping companies and influential ....

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