Egypt’s tax revenues increased by 38% during the first half (H1) of fiscal (FY) 2024/25, Minister of Finance Ahmed Kouchouk announced in a discussion session organized by the Egyptian Direct Investment and Venture Capital Association (EPEA).

The Egyptian government has allocated EGP 1 billion in the fiscal year (FY) 2024/2025 budget to support the Automotive Industry Localization Strategy, Minister of Finance Ahmed Kouchouk announced.

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib and a delegation from the Jeune Afrique Media Group reviewed the arrangements for holding the Africa Finance and Investment Forum

The Egyptian Ministry of Finance has granted a facility valued at EGP 20 billion to EgyptAir Holding Company to support its air fleet.

Egyptian Minister of Finance Ahmed Kouchouk expressed optimism and commitment to strengthening ties with the business community following the House of Representatives' approval of new tax incentives and facilitation laws.

The sectors of manufacturing, tourism, and information and communications technology (ICT) have led Egypt’s economic growth in the first quarter (Q1) of fiscal year (FY) 2024/2025 to about 3.5%, compared to 2.4% in the previous quarter, Minister of Finance Ahmed Kouchouk revealed.

Minister of Finance Ahmed Kouchouk said a simplified tax system will be approved soon to support small and medium-sized enterprises (SMEs), entrepreneurs, and professionals with up to EGP 15 million

Minister of Finance Ahmed Kouchouk has decided to extend the deadline for resolving tax disputes until June 30th, 2025.

Tax services will improve significantly with the full implementation of the first package of tax facilities before the end of the current fiscal year (FY), the Egyptian Minister of Finance Ahmed Kouchouk said.

The Egyptian government is preparing to launch an ambitious export support program during the next fiscal year, in collaboration with the Ministry of Investment.

The Egyptian government is planning to launch two initiatives to support promising activities in the private sector, Minister of Finance Ahmed Kouchouk revealed during the opening session of the sixth annual Hapi Conference held on December 9th.

The Egyptian government is taking significant steps to meet its financial obligations to pharmaceutical and medical supply companies by allocating EGP 10 billion.

The first package of tax facilities marks a solid start for partnership with the business community in order to improve the investment climate, Minister of Finance Ahmed Kouchouk stated during a parliamentary session.

Egypt's budget deficit declined to 2.12% of gross domestic product (GDP) during the first quarter (Q1) of the fiscal year (FY) 2024/2025, versus 3.26% of GDP in the same period a FY earlier.

Egypt’s former Minister of Finance Mohamed Maait has been elected to serve as Executive Director and member of the International Monetary Fund’s (IMF) Board of Executive Directors, representing the Arab Group and the Maldives.

Egypt is planning to issue green bonds and sukuk worth up to EGP 10 billion before the end of the fiscal year (FY) 2024/2025, as part of its ongoing strategy to diversify funding sources.