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AfDB to provide Egypt with $170M for private sector, budget support

Egypt and the African Development Bank (AfDB) signed a $170 million agreement for the second phase of the Private Sector Development and Economic Diversification Financing Program (PSD-EDSP) to support the private sector and promote economic diversification.

Updated 1/19/2026 12:44:00 PM
Egypt secures $9.5B in concessional financing from development partners in 2023-2026

The total concessional development financing mobilized with multilateral and bilateral development partners to support Egypt’s general budget hit nearly $9.5 billion during the years from 2023 to 2026, Minister of Planning and Economic Development and International Cooperation Rania Al-Mashat unveiled.

Updated 1/15/2026 2:37:00 PM
Egypt receives €1B MFA tranche from EU: Al-Mashat

Egypt has received €1 billion in macro-financial assistance (MFA) from the European Union (EU), announced Minister of Planning and Economic Development and International Cooperation Rania Al-Mashat.

Updated 1/15/2026 1:31:00 PM
Al-Mashat launches 2nd edition of Narrative for Economic Development 2030

Minister of Planning and Economic Development and International Cooperation Rania Al-Mashat launched the second edition of the ‘Narrative for Comprehensive Development: Policies Supporting Growth and Employment’.

Updated 1/13/2026 9:18:00 AM
Egypt's GDP grows to 5.3% in Q1 FY2025/26, highest in over 3 years

The Egyptian economy grew at its fastest pace in over three years during the first quarter (Q1) of fiscal year (FY) 2025/2026.

Updated 11/27/2025 10:28:00 AM
Egypt, Azerbaijan ink cooperation protocol covering 12 economic, development sectors

Egypt and Azerbaijan signed a protocol agreement, covering 12 priority economic and development sectors

Updated 11/25/2025 7:05:00 AM
Egypt, Germany sign €294.5M financing, debt-swap, grant deals

Egypt and Germany signed agreements for concessional financing, debt swaps, grants, and technical cooperation at a total value of €294.5 million (EGP 16 billion),

Updated 11/19/2025 7:01:00 AM
Egypt, Slovakia pen agreement to scale investment

Egypt and Slovakia signed an agreement to form the Joint Committee for Economic Cooperation to expand investments and increase the number of tourists coming to Egypt

Updated 11/2/2025 11:01:00 AM
Egypt, France renew €4B financial cooperation until 2030

Egypt and France have renewed their technical and financial cooperation to implement priority projects in Egypt until 2030 at a value of €4 billion , announced Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat.

Updated 10/2/2025 12:15:00 PM
Egyptian startups attract $2.2B in venture capital investments since 2020: Al-Mashat

Egyptian startups have attracted $2.2 billion in venture capital investments since 2020, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced.

Updated 9/28/2025 6:52:00 AM
Egypt secures $16B in concessional financing from development partners since 2020

Egypt has received $16 billion in concessional financing from development partners for the public and private sectors since 2020.

Updated 9/21/2025 2:39:00 AM
Egypt plans to boost green investments to EGP 637B in FY2025/26

The government aims to increase investments directed towards green projects to nearly EGP 637 billion, equivalent to 55% of total public investments, under the Economic and Social Development Plan for fiscal year (FY) 2025/2026.

Updated 9/17/2025 2:16:00 AM
Egyptian exports to Tunisia up to $434.5M in 2024: Al-Mashat

Egypt has exported goods to Tunisia at nearly $434.5 million in 2024, marking a growth of 15.4% compared to 2023, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat indicated.

Updated 9/11/2025 12:50:00 PM
Egypt targets economic growth of 7% by 2030: Al-Mashat

Egypt aims to increase its economic growth rate to 7% by 2030, versus a targeted growth of 4.5% set for fiscal year (FY) 2025/2026.

Updated 9/8/2025 7:52:00 AM
Egypt's electricity, renewable energy sector targets EGP 136.3B in investment for FY2025/26

Egypt is targeting EGP 136.3 billion in investment in its electricity and renewable energy sector for fiscal year (FY) 2025/2026, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat revealed.

Updated 9/2/2025 9:00:00 AM
Egypt, Vietnam sign MoU to deepen economic development, trade cooperation

Egypt and Vietnam signed a memorandum of understanding (MoU) to deepen cooperation in economic development and bilateral trade.

Updated 8/6/2025 12:36:00 PM
Egypt's private sector attracts €6B investments from 1,600 German companies: Al-Mashat

Around 1,600 German companies operating in Egypt have injected a total investment worth over €6 billion into the country's private sector, mainly the energy, green transition, and industrial development sectors.

Updated 7/21/2025 7:35:00 AM
Madbouly, key ministers discuss boosting Egyptian-American economic cooperation

Prime Minister Mostafa Madbouly held a ministerial meeting to follow up on efforts to enhance Egyptian-American economic cooperation

Updated 7/20/2025 3:32:00 AM
Egypt outlines roadmap to advance green transition via CBMA policy

The Egyptian government rolled out plans to develop a roadmap for implementing the Carbon Border Adjustment Mechanism (CBAM) policy to advance its green transition, according to a statement.

Updated 7/16/2025 3:13:00 AM
Egypt-Germany economic portfolio reaches €1.6B: Al-Mashat

The bilateral economic cooperation portfolio between Egypt and Germany has reached €1.6 billion, announced Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat.

Updated 7/1/2025 1:05:00 AM