The Central Bank of Egypt (CBE) announced on Wednesday that Egypt’s net foreign currency reserves rose in May 2025, reaching $48.526 billion, up from $48.144 billion in April. Egypt’s foreign reserves ...

The Ministries of Investment and Foreign Trade, in cooperation with the Ministry of Finance, have announced the launch of a new Export Burden Rebate Program for the fiscal year 2025–2026. The new ...

Negotiations are underway over structural reforms linked to the economic component of Egypt’s national program, supported by the European Union’s €4 billion Macroeconomic Financial Assistance (MFA).

This increase will affect all types of fuel, including gasoline, diesel, industrial mazut, gas for brick kilns, and butane cylinders. The decision comes amid rising global oil prices, compounded by ...

Minister of Investment and Foreign Trade, Hassan El-Khatib, announced that the government is preparing a comprehensive national investment map with clear sectoral objectives. The plan, which will be ...

Prime Minister, Mostafa Madbouly, witnessed the signing of a comprehensive operations and maintenance agreement for the Central Business District (CBD) in the New Administrative Capital. The agreement ...

Egyptian Petroleum Minister Karim Badawi during a strategic meeting with oil sector leaders, launching reforms to boost production and investment. Egypt’s Minister of Petroleum and Mineral Resources, ...

The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has announced that Egypt has successfully established a solid industrial base in the pharmaceutical sector over recent years.

American investments in Egypt currently amount to about $8 billion, according to a statement by Head of Egyptian Commercial Service (ECS), Yahya El-Wathiq Billah, on the sidelines of his visit to ...

Fitch Solutions’ research arm BMI has revised its forecast for Egypt’s economic growth in FY2025/2026, lowering it slightly to 4.7%, down from an earlier estimate of 5.0%. The downgrade reflects ...

The International Monetary Fund (IMF) is reportedly set to begin the fifth review of Egypt’s economic reform program this week, according to a government official who spoke to Al Asharq on condition ...

The Egyptian pound (EGP), which breached the milestone of 50 per dollar to hit a record low this week, may rebound in early 2025 as a series of seasonal portfolio outflows taper off, according to ...