Revenues from the Suez Canal dropped by over 60% year on year (YoY) in 2024, resulting in an estimated $7 billion loss for Egypt.

Egypt’s general budget recorded a primary surplus of EGP 130.2 billion from July to October in fiscal year (FY) 2024/2025, equivalent to 0.76% of gross domestic product (GDP).

EFG Holding aims to generate 20% of its revenues from Saudi Arabia within the next five years.

Egypt has lost $6 billion in Suez Canal revenues over the past seven to eight months due to escalating geopolitical tensions in the region, President Abdel Fattah El-Sisi stated during the 2024 graduation ceremony of the Police Academy on September 29th.

Talaat Moustafa Group Holding (TMG Holding) expects to double its dollar revenues over the coming period to reach $856 million by 2028, based on market expectations and the future performance of the hotel sector.

Arab Drug Company’s (ADCI) net profits after tax jumped 24.2% year on year (YoY) in the fiscal year (FY) 2023/2024.

Somabay, a prominent leader in tourism investment and the real estate developer of Somabay peninsula, reported a 155% year-on-year (YoY) surge in profits for the first half (H1) of 2024, recording EGP 102 million.

The Tenth of Ramadan for Pharmaceuticals Industries and Diagnostic Reagents (Rameda) is planning to increase its export revenue share to 20% within the next five years, up from the current 12%.

The Egyptian Drilling Company (EDC) has achieved contractual rates of 100% for the second year in a row in 2023.

Egypt’s total budget deficit dropped to 3.6% of the gross domestic product (GDP) during the fiscal year (FY) 2023/2024, Minister of Finance Ahmed Kouchouk said in a press conference.

The Suez Canal Economic Zone (SCZone) has achieved revenues totaling EGP 8.245 billion for the fiscal year (FY) 2023/2024, EGP 5.932 billion of which are in US dollars, comprising 72% of total revenues, Chairman Waleid Gamal El-Dien announced in a meeting with Prime Minister Mostafa Madbouly.

Cairo Educational Services (CAED) posted a 1.5% year-on-year (YoY) downtick in net profits after tax in the nine months to May 31st.

The Suez Canal Economic Zone (SCZOne) has announced a 36% increase in revenues for the fiscal year (FY) 2023/2024, reaching EGP 8.25 billion, Asharq Business reported.

The Suez Canal revenues dropped by 23% year on year (YoY) to $7.223 billion during the fiscal year (FY) 2023/2024, compared to $9.399 billion.

The Egyptian government expects to garner revenues of around $2 billion from registered applications submitted by Egyptians abroad to benefit from the tax-free car import initiative, Minister of Finance Mohamed Maait stated.