The Central Bank of Egypt (CBE) announced a significant surge in remittances from Egyptians working abroad, which reached $20 billion during the first seven months of FY2024/2025, compared to ...

Suez Canal revenues saw a sharp decline of 61% in 2024, falling to $3.9 billion compared to $10.2 billion in 2023, according to Osama Rabie, Chairman of the Suez Canal Authority (SCA). The ...

Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, announced that public investments allocated to Egypt’s Information and Communications Technology (ICT) ...

Finance Minister, Ahmed Kouchouk, announced that the new state budget for FY2025/2026 projects a 23% increase in total public revenues, reaching EGP 3.1 trillion, while public expenditures are ...

Egypt is planning to issue $ 2 billion in sovereign sukuk during 2025 through a series of offerings, according to Finance Minister Ahmed Kouchouk in a statement to Reuters. The government has already ...

Trade relations between Egypt and France continued to strengthen in 2024, with the total volume of trade reaching $2.9 billion, up from $2.5 billion in 2023, according to data from the Central Agency ...

Egypt's non-oil private sector experienced its first contraction of 2025 in March, marking a significant downturn in business conditions. The latest data from the S&P Global Egypt Purchasing Managers’ ...

Egypt's net foreign assets saw a significant boost in February, rising by $1.48 billion, marking the second increase this year. According to data from the Central Bank of Egypt (CBE), foreign assets ...

Minister of Finance, Ahmed Kouchouk, announced that public sector salaries in Egypt will be increased starting July 1, 2025, in conjunction with the implementation of FY2025/2026 state budget. This ...

Mostafa Madbouly, Prime Minister, confirmed that the final draft of the Export Subsidy Program has been completed and is scheduled to be implemented starting July 1st for a period of three years. In a ...

The Instant Payment Network has announced the rollout of a new fee structure for its services, including those offered through its mobile application, InstaPay, effective April 1, 2025. This move ...

Egypt has signed an advisory services agreement between the Egyptian government and the International Finance Corporation (IFC), the private sector arm of the World Bank, aimed at expanding private ...