Egypt’s Minister of Finance Ahmed Kouchouk announced the second package of tax incentives, saying it forms part of a wider plan to ease procedures for the taxpaying community.

The Ministry of Finance launched its first sovereign sukuk issuance in the local market at a value of EGP 3 billion, through the primary dealer system, with a three-year maturity period.

The trade volume between Egypt and South Korea increased to $1.6 billion in 2024, Finance Minister Ahmed Kouchouk announced during a conference on “Korea–Egypt Economic Partnership and Cooperation”.

The Ministry of Finance launched a new public-private partnership (PPP) project fund, with a capital of €10 million, in cooperation with the European Bank for Reconstruction and Development (EBRD), Finance Minister Ahmed Kouchouk announced.

Public Prosecutor Mohamed Shawky announced cooperation with the Ministry of Finance in delivering 200 kilograms of gold bullion to the Central Bank of Egypt (CBE) as a fixed reserve asset.

Egypt paid a total of EGP 19.3 billion under the new export burdens refund program for fiscal year (FY) 2024/2025 and FY2025/2026, with EGP 3 billion currently being disbursed.

Preliminary indicators show a decline in debt of Egypt’s budget agencies to 85.6% of gross domestic product (GDP) in June 2025, from 89.4% in June 2024, Minister of Finance Ahmed Kouchouk announced.

The Egyptian government has disbursed an amount of EGP 45 billion during fiscal year (FY) 2024/2025 to back economic, productive, industrial, and export activities, Minister of Finance Ahmed Kouchouk revealed in a press conference.

The government allocated the highest budget for export during the current fiscal year (FY) at EGP 45 billion, Minister of Finance Ahmed Kouchouk said.

Egypt succeeded in advancing fiscal discipline efforts through tax concessions, which led to a growth of nearly 35% in tax revenues without imposing new burdens, announced Minister of Finance Ahmed Kouchouk.

Egypt’s Ministry of Finance has begun the executive procedures to disburse 50% of the total overdue payments to exporting companies under the export subsidy program.

Ministry of Finance has resumed its international sovereign sukuk issuance plan, launching a second $1 billion issuance despite ongoing regional challenges.

President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk to review the progress of the state’s fiscal and economic policies.

The Ministry of Finance announced the government’s intention to offer stakes in 11 state-owned companies during the upcoming fiscal year (FY) 2025/2026 as part of its ongoing privatization program.

The Ministry of Finance is mulling over additional incentives and financial support for the first 50,000 taxpayers who join the simplified tax system.

Prime Minister Mostafa Madbouly has appointed Ahmed Amawi Rubin Youssef as Head of the Egyptian Customs Authority (ECA) at the Ministry of Finance for a one-year term.

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).