Egypt has introduced a new EGP 200 billion ($4 billion) social package to support groups affected by rising prices during Ramadan and the upcoming fiscal year.

Egyptian Prime Minister Mostafa Madbouly confirmed that wage increases for government employees will take effect in July at the start of the new fiscal year (FY) 2025/2026.

British Petroleum (bp) has discovered oil and natural gas reserves in the King Mariout offshore block in Egypt's northern Mediterranean, Egyptian Prime Minister Mostafa Madbouly confirmed during a weekly press conference on February 5th.

The Egyptian government is working on issuing a new social protection package.

President Abdel-Fattah El-Sisi announced a new social protection package to mitigate the economic burdens on citizens.

The recently approved social protection package by President Abdel Fattah El-Sisi amounts to EGP 180 billion, Minister of Finance Mohamed Maait stated during the Egypt Annual Tax Seminar hosted by PwC on February 8th.