Egypt recorded a primary surplus of 3.5% of gross domestic product (GDP) during the first nine months of the current fiscal year (FY) 2025/2026, Minister of Finance Ahmed Kouchouk stated.
The first week of May brought additional reassurance for Egypt’s economy, as the Egyptian Tax Authority (ETA) confirmed that the tax amendments currently under discussion in Parliament concerning the scheduled tax on natural gas will not result in any increase in household natural gas prices or place any additional financial burden on consumers.
EFG Hermes, an EFG Holding company, has successfully closed an EGP 5.1 billion corporate bond issuance for EFG Corp-Solutions, EFG Finance’s leasing and factoring arm.
PARAGON | ADEER has taken part in the largest economic platform aimed at promoting investment opportunities and strategic partnerships in the Egyptian market, organized by Nile Property Expo and the British Egyptian Business Association (BEBA).
The board of Asek Company for Mining (Ascom) agreed on acquiring 90% of Ostool Transport’s shares in exchange for EGP 641 million.
