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Egypt's investment plan for FY2024/25 totals EGP 2T:  Al-Mashat

Egypt's total investments for fiscal year (FY) 2024/2025 amount to nearly EGP 2 trillion, Minister of Planning, Economic Development, and International Cooperation Rabia Al-Mashat announced during the opening session of the Sixth Annual Hapi Conference.

Updated 12/9/2024 1:39:00 PM
Finance, Tourism Ministries launch EGP 50B initiative to boost tourism sector

The Egyptian Ministers of Finance and Tourism and Antiquities unveiled an initiative to bolster the tourism sector with EGP 50 billion in financing facilities, aiming to increase hotel room capacity in high-priority areas such as Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai.

Updated 10/31/2024 12:51:00 PM
Egypt launches EGP 8.7B tranche of immediate cash payment initiative’s 6th phase

The Egyptian Export Development Fund has issued certificates of the first tranche of the sixth phase of the immediate cash payment initiative to support exporters with a total assistance of EGP 8.7 billion and a net amount of EGP 7.4 billion.

Updated 6/25/2023 7:31:00 AM
CBE launches initiatives to encourage financing sustainable projects

The Central Bank of Egypt (CBE) has launched several initiatives to encourage Arab banks to finance sustainable projects.

Updated 5/23/2023 12:00:00 PM