The Egyptian Cabinet at its latest meeting, chaired by Prime Minister Mostafa Madbouly, approved the draft budget for fiscal year (FY) 2025/2026, with revenues estimated at EGP 3.1 trillion, marking an annual growth rate of 19%.

The Egyptian cabinet has approved a draft presidential decree on the "General Agreement for the Establishment of the Arab Common Electricity Market" and the "Arab Common Electricity Market Agreement."

Egypt’s cabinet has approved a draft presidential decree for an €12 million financing agreement with the European Union (EU) to support the second phase of the National Strategy for Population.

Egyptian Prime Minister Mostafa Madbouly confirmed that wage increases for government employees will take effect in July at the start of the new fiscal year (FY) 2025/2026.

The Egyptian Cabinet has approved several key decisions to enhance customs procedures, regulate central financial zones, and restructure the mining sector.

Prime Minister Mostafa Madbouly has declared a decision to form six specialized advisory committees to enhance communication channels between the government and the private sector.

The Cabinet granted two golden licenses to two projects in Egypt.

Egyptian President Abdel Fattah El-Sisi has approved Law No. 247 of 2024, authorizing the increase of Egypt's share in the International Monetary Fund (IMF) by 50%.

The Egyptian government has developed a new mechanism to pay off the remaining overdue dues to exporters by the Export Development Fund for shipments until June 30th, 2024, with a total value of nearly EGP 60 billion.

The Cabinet approved plans to prepare a roadmap to curb methane emissions in Egypt.

The Egyptian Cabinet has approved a request from Abydos Solar Power Company to develop an electricity sale and production project in Aswan’s New Benban.

The Egyptian Cabinet has approved a presidential decree establishing the Egyptian-Saudi Supreme Coordination Council.

he Cabinet has approved two draft petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international companies.

The Egyptian cabinet has launched an updated version of its official website, now available in six languages: English, Spanish, French, Italian, Chinese, and Russian.

The Egyptian cabinet approved a draft law amending several provisions of the Electricity Law No. 87 of 2015 aimed at intensifying penalties for crimes related to the illegal seizure of electricity.

The Egyptian authorities did not request an increase in the fourth tranche of its loan program with the International Monetary Fund (IMF) to $2 billion.

The cabinet has approved the presidential draft resolution regarding the framework amendment agreement for the African Development Bank Group (AfDB) to replace the use of LIBOR as a reference interest rate with SOFR in calculating interest rates in development financing agreements.

The Cabinet has approved the contractual agreement between the Universal Health Insurance Authority (UHIA) and eHealth to manage and operate the authority’s comprehensive health insurance electronic services and digital services associated with the healthcare and health insurance sectors across the country for two years.

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva will visit Egypt next week, Prime Minister Mostafa Madbouly confirmed in a press conference.

The Egyptian cabinet has approved the establishment of a new private free zone for YADA EGYPT in New Alamein City with €70 million in investment, marking a major investment in the country’s furniture manufacturing sector.