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Alam Al-Roum project to deliver huge return, boost FDI: Kouchouk

The Alam Al-Roum project, a joint development scheme between Egypt and Qatar, is expected to achieve a huge return for all parties, Finance Minister Ahmed Kouchouk told Asharq Business.

Updated 11/6/2025 3:16:00 AM
Egypt to implement ACI system at airports starting January 1st

Minister of Finance Ahmed Kouchouk revealed that the Advanced Cargo Information (ACI) system will be implemented at airports starting January 1st, 2026

Updated 11/2/2025 2:25:00 AM
Egypt mulls issuing $4B international bonds in 12 months

Egypt plans to issue $4 billion in international bonds over the next 12 months, Bloomberg cited Minister of Finance Ahmed Kouchouk at the Egyptian-British Business Association in London.

Updated 7/20/2025 7:30:00 AM
Egypt to launch 2nd package of tax facilities by FY2025/26-end: Kouchouk

The government plans to launch a second package of tax facilities by the end of this current fiscal year and publish a comprehensive tax policy document by end-2025

Updated 7/17/2025 4:40:00 AM
Finance Ministry refutes 174.4M-sqm-land sale claims

Egypt’s Ministry of Finance confirmed that the 174.4 million square meters of land allocated along the Red Sea will be developed, refuting claims that it will be sold.

Updated 6/12/2025 10:47:00 AM
Egypt hosts 2nd edition of Freelancers Forum to boost digital economy

Egyptian Minister of Communications and Information Technology (MCIT) Amr Talaat and Minister of Finance Ahmed Kouchouk attended the second edition of the Freelancers forum.

Updated 3/27/2025 11:07:00 AM
Egypt expects $1.2B loan tranche from IMF in January: Kouchouk

Egypt is expected to receive a new tranche worth $1.2 billion from the International Monetary Fund (IMF) in January.

Updated 1/6/2025 9:08:00 AM
Egypt to issue 1st local-currency sovereign sukuk in early 2025: Kouchouk

Egypt is set to issue its first sovereign sukuk in Egyptian pounds during the first quarter (Q1) of 2025.

Updated 12/1/2024 1:14:00 AM
Egypt seeks to boost concessional financing from development banks

The Egyptian government is seeking to increase the volume and amount of multilateral concessional financing secured from development banks, international institutions, and bilateral partners.

Updated 10/13/2024 9:03:00 AM
Finance, Investment Ministers step down as board members in EGX-listed firms

Finance and Investment Ministers have stepped down as board members in EGX-listed firms.

Updated 7/10/2024 6:01:00 AM
Egypt earmarks EGP 44B for local wheat procurement from farmers

Egypt has allocated nearly EGP 44 billion so far to finance the purchase of local wheat from farmers, Minister of Finance Mohamed Maait stated.

Updated 6/11/2024 7:42:00 AM
Cabinet approves amendments to Unified Public Finance Law

The Egyptian Cabinet has approved amendments to some provisions of the Unified Public Finance Law and referred it to the House of Representatives for discussion next week, Minister of Finance Mohamed Maait announced on February 19th.

Updated 2/20/2024 11:02:00 AM
Egypt targets securing $3B in financing to bridge USD gap

Egypt is looking forward to raising $3 billion in financing, as of fiscal year (FY) 2023/2024 that started July 1st, to bridge the US dollar gap and cut debt.

Updated 7/12/2023 10:16:00 AM