Business

IMF projects Egypt’s tourism revenues to reach US$ 28.7 billion by 2030-2031

IMF projects Egypt’s tourism revenues to reach US$ 28.7 billion by 2030-2031

The International Monetary Fund (IMF), in its fifth and sixth reviews of the Egyptian economy, projected that tourism revenues would…
Egypt moves to double currency swap with China amid regional war fallout

Egypt moves to double currency swap with China amid regional war fallout

As military tensions continue to reshape the Middle East, Egypt is moving to solidify its financial defenses through deeper strategic…
Why an end to the war won’t take fuel prices back to normal overnight

Why an end to the war won’t take fuel prices back to normal overnight

An end to the Iran war will bring immediate relief to oil and natural gas markets, but it could take…
Finance Minister: Basic needs, social protection top fiscal agenda

Finance Minister: Basic needs, social protection top fiscal agenda

Minister of Finance Ahmed Kouchouk stressed that the current priority is to secure sufficient and sustainable financial resources to meet…
Expert warns of $200 oil in ‘greatest energy crisis in history’

Expert warns of $200 oil in ‘greatest energy crisis in history’

International energy consultant Mamdouh Salameh warned that the ongoing closure of the Strait of Hormuz—even for a brief period—will trigger…
Why the Trump administration is easing sanctions on certain Iranian oil stockpiles

Why the Trump administration is easing sanctions on certain Iranian oil stockpiles

Trump administration officials are making a desperate push to secure every available barrel of oil amid a worsening energy crisis…
Property tax exemption for primary residences raised to LE 8 million: Finance Minister

Property tax exemption for primary residences raised to LE 8 million: Finance Minister

Minister of Finance Ahmed Kouchouk has announced a suite of unprecedented tax facilities and incentives designed to alleviate financial pressures…
Egypt targets 100 new Mediterranean gas wells in historic exploration initiative

Egypt targets 100 new Mediterranean gas wells in historic exploration initiative

The Egyptian Ministry of Petroleum and Mineral Resources has announced the commencement of an extensive exploratory drilling campaign in the…
Agriculture min. witnesses inking of MoU to boost innovation in farming sector

Agriculture min. witnesses inking of MoU to boost innovation in farming sector

Minister of Agriculture and Land Reclamation Alaa Farouk witnessed, Tuesday, March 17, the signing of a memorandum of understanding to…
CBE announces extended bank holiday for Eid al-Fitr 2026

CBE announces extended bank holiday for Eid al-Fitr 2026

The Central Bank of Egypt (CBE) and the Egyptian Cabinet have officially declared a five-day paid holiday in observance of…
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