Ahmed Kouchouk

Egypt plans to power 7,000 factories with rooftop solar energy to reduce imports and boost renewables.

Egypt's finance minister affirmed the nation's economic trajectory is reassuring, highlighting balanced growth policies, fiscal discipline, tax system reforms, and strengthened financial position enabling resilience against global shocks while expanding EU trade partnerships.

Egypt's Tax Authority extends VAT certificate validity to June 30, 2026, to facilitate business activity.

Egypt sets a LE4 trillion revenue target for the 2026/2027 budget to support citizens and economic activity.

Egypt's Prime Minister reviews fuel financing and stock levels with finance and petroleum ministers.

Egypt's TMG launches "The Spine" project, a EGP 1.4trn cognitive city, to attract global firms.

Finance Minister announces over 20 new public-private partnership projects to boost investment inflows.

Egypt and Morocco signed comprehensive bilateral agreements spanning industrial cooperation, investment, taxation, energy, health, agriculture, and cultural exchange, formalizing strengthened economic and diplomatic ties between the North African nations.

Egypt's Prime Minister Mostafa Madbouly reviewed strategic commodity stocks and fiscal planning amid regional pressures.

Finance Minister Ahmed Kouchouk announced the government is reducing commercial borrowing while prioritizing development financing and domestic markets, with the 2026/2027 budget targeting balanced finances, 30% increased health allocations, and attracting 100,000 new taxpayers to enhance fiscal space for human development and social protection.

Egypt's Prime Minister Mostafa Madbouly chaired a crisis meeting. The meeting followed up on the US-Israeli-Iranian war developments. A follow-up meeting is implied but no date is given.

Egypt's Prime Minister Mostafa Madbouly announced a minimum wage increase. The increase will be the largest in Egypt's history. It will be officially announced soon.

Egypt's PM Mostafa Madbouly reviewed the economic situation. Regional military developments negatively affect global trade. A meeting was held with the Deputy Prime Minister and Central Bank Governor.

Egypt's Finance Minister Ahmed Kouchouk prioritizes basic needs and social protection. He coordinates with state entities to ensure food and energy availability.

Egypt's Prime Minister Mostafa Madbouly chaired a crisis committee meeting. The meeting reviewed repercussions of regional military escalation. A follow-up meeting is implied but no date is given.

Egypt's Prime Minister Mostafa Madbouly reviewed Talaat Moustafa Group's investment plans. The plans aim to expand investments in Egypt. A meeting was attended by Minister of Finance Ahmed Kouchouk.

Egypt implements measures to secure domestic gas and petroleum supplies amid regional tensions and Israeli strikes on Iran

Egypt's Prime Minister witnesses the signing of a renewable energy funding deal to finance major projects.

Egypt launches MENA's largest AI-powered quick-commerce fulfillment hub for Talabat, spanning 27,000 sqm.

Egypt lifted mandatory 11 p.m. shop closures and launched solar energy incentives to mitigate economic fallout from US-Israeli-Iranian regional tensions, as global growth forecasts decline amid commodity price surges and investor risk aversion.

The Prime Minister chaired a meeting to review and secure Egypt's energy supplies, ensuring uninterrupted services for productive sectors.

Prime Minister Madbouly reviewed Finance Minister Kouchouk's Washington IMF-World Bank meetings, where Kouchouk highlighted Egypt's 5.3% economic growth, 29% revenue increase, and strengthened investor confidence through fiscal reforms balancing discipline with development needs.

Egypt's Finance Minister advocated strengthening domestic revenue mobilisation and blended finance to reduce African investment risks, citing mounting debt burdens and geopolitical pressures constraining development spending.

Egypt reduced energy subsidies to EGP 120 billion in its 2026/2027 budget, cutting roughly 20 percent from current allocations, as part of IMF-backed economic reforms to improve fiscal sustainability and shift toward renewable energy sources.

The government prioritizes securing funding to meet essential needs and enhance economic stability through a balanced fiscal policy and strategic partnerships.

Egypt's Finance Minister intensifies efforts to build business trust through tax reforms and modernization.

Egypt's Central Bank maintained key interest rates at 19-20 percent to support inflation evaluation, while the banking sector's strength underpins broader government efforts to achieve 5.4 percent economic growth and fiscal stability through 2027.

Egypt's Finance Minister Ahmed Kouchouk announced the re-offer of Citizen Bond. The first tranche generated notable proceeds within three weeks.

Egypt's cabinet approved the state budget for 2026/2027. The budget includes a 27.6% increase in public revenues. A 12% annual increase is allocated to social protection.

Egypt's Prime Minister Mostafa Madbouly chaired a crisis meeting. The meeting reviewed regional military escalation. A follow-up meeting is not specified.

Egypt's Minister of Finance announced tax relief measures. The measures aim to ease real estate tax burdens. A tax exemption threshold was revealed.

Egypt's Finance Minister Ahmed Kouchouk announced 120,000 taxpayers joined a simplified tax system. This move aims to tackle tax challenges. A conference was held for entrepreneurs.

Egypt condemns Iranian attacks on Gulf states, Jordan, and Iraq, affirming solidarity with Arab nations.

Egypt's Finance Ministry signs protocol with IDSC to enhance economic policymaking and digital transformation

Egypt targets $15.8 million in EGX stamp tax revenue for FY 2026/27, increasing from the previous year.

Egypt's Finance Ministry intensified investor outreach, highlighting economic resilience with a 3.5% primary surplus and 29% tax revenue growth, positioning the nation as an attractive investment destination amid reform efforts.

Egypt's Supreme Council of Energy reviews supply security and renewable energy drive to bolster economic growth.

Egypt allocates EGP 80bn to boost production and exports in the FY2026/2027 budget.

Egypt's Finance Minister Ahmed Kouchouk met with international partners at IMF-World Bank Spring Meetings in Washington, emphasizing Egypt's economic resilience, 5.3% growth rate, 29% tax revenue increase, and 42% private investment surge while advocating green economy transition and innovative debt management for emerging markets.

Egypt's economy grew 5.3% in the first half of its fiscal year, Finance Minister Ahmed Kouchouk announced in Washington, citing private sector investments and improved tax revenues amid broader economic stabilization efforts.

Finance Minister adjusts spending priorities in Q4 FY 2025/26 to focus on essential sectors amid exceptional conditions.

Prime Minister Madbouly reviews funding plans for strategic petroleum reserves with ministers of petroleum and finance.

Finance Minister Ahmed Kouchouk launched premium tax service centers with digital chatbots and call centers to improve taxpayer communication, aiming to build trust, simplify procedures, and expand Egypt's tax base through customer-focused innovation.

Egypt's Prime Minister Mostafa Madbouly announced a minimum wage increase to 8,000 EGP. The wage bill is expected to rise by 21 percent. The increase will be implemented from July 2026.

Egypt's Finance Minister Ahmed Kouchouk announced a budget targeting LE4 trillion in revenues. The budget prioritizes healthcare, education, and social protection.

Egypt's Finance Minister Ahmed Kouchouk seeks cooperation with Mostakbal Misr. The partnership aims to generate employment opportunities. A meeting is expected to discuss development projects.

Egypt introduced customs facilitations for returned export shipments. Finance Minister Ahmed Kouchouk announced the move. Export operations will be deemed incomplete if vessels return without unloading cargo.

Egypt's Finance Minister raised the property tax exemption threshold to LE 8 million. This shields middle-income homeowners from tax.

Egypt's government reviews investments under the 2026/2027 plan. Prime Minister Mostafa Madbouly prioritizes economic and social development projects. The 'Hayah Karima' initiative is a key focus.

Egypt's PM Mostafa Madbouly holds crisis meeting on US, Israeli, and Iranian military operations' impact on global supply chains.