Egypt's House of Representatives has approved Presidential decree No. 383 of 2024 sanctioning an agreement with the African Development Bank (AfDB) to finance the first phase of a budget support program aimed at private sector development and economic diversification.

The European Commission has approved the disbursement of a €1 billion loan to Egypt.

President Abdel Fattah El-Sisi met with B?rge Brende, President of the World Economic Forum, and his accompanying delegation to discuss Egypt’s development efforts, with a focus on major projects in infrastructure, industry, and agriculture.

President Abdel Fattah El-Sisi met with the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva and her accompanying delegation to discuss Egypt’s ongoing economic reform program.

An International Monetary Fund’s (IMF) mission is currently in Cairo to conduct the third review of Egypt's economic reform program, a government official told Asharq Business.

Arab Finance: Global ratings giant Moody's has downgraded Egypt's outlook from stable to negative, citing growing concerns about the country's credit profile, as per a recent statement.

President Abdel Fattah El-Sisi has met with Prime Minister Mostafa Madbouly and several officials to review the local economic indicators.