In today’s world, where knowledge and innovation primarily drive economic growth, the strategic allocation of public funds to education is paramount. Egypt, a nation with a young and rapidly growing population, has recently demonstrated a significant commitment to this principle.

Health and education allocations in the upcoming fiscal year’s (FY) 2025/2026 budget will see significant growth compared to other sectors, Prime Minister Mostafa Madbouly announced during his weekly press conference.

President Abdel Fattah El-Sisi has reviewed the state's financial performance indicators and the budget targets for fiscal year (FY) 2025/2026 in a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk.

The World Bank (WB) is preparing for the second phase of Egypt’s budget support program, following the successful completion of the $500 million first phase in mid-2024.

Sidi Kerir Petrochemicals (Sidpec) targets achieving net income valued at EGP 1.64 billion for 2025

Egypt's House of Representatives has approved Presidential decree No. 383 of 2024 sanctioning an agreement with the African Development Bank (AfDB) to finance the first phase of a budget support program aimed at private sector development and economic diversification.

Egypt’s total budget deficit dropped to 3.28% of GDP in the first five months of the fiscal year (FY) 2024/2025, amounting to EGP 560.6 billion, compared to 4.66% during the same period a FY earlier.

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).

Elsewedy Electric (SWDY) is considering allocating EGP 5 billion as capital expenditures (CAPEX) in 2024 as part of the firm’s budget.