Suez Canal activity dropped by 23.1% year on year in the third quarter (Q3) of fiscal year (FY) 2024/2025.

Egypt has allocated EGP 700 billion in investments for human development sectors, including education, health, and other social services, for the fiscal year (FY) 2025/2026 plan, Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, announced.

Egypt and Germany have signed agreements worth €77.3 million to support various development sectors, according to a statement by the Egyptian Ministry of Planning, Economic Development, and International Cooperation.

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.

The Commercial International Bank - Egypt (CIB) has signed a $150 million concessional development financing agreement with the International Finance Corporation (IFC) to support micro-, small-, and medium-sized enterprises (MSMEs).

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat and Minister of Investment and Foreign Trade Hassan El-Khatib have discussed the progress of the Foreign Direct Investment (FDI) Strategy in Egypt for 2025-2030 with a World Bank delegation.

The Egyptian House of Representatives has approved two grant agreements totaling €11 million from the European Union (EU), aimed at bolstering child protection systems and enhancing vaccine and medicine manufacturing in Egypt.

Egypt has received seven local and international proposals to develop eight government headquarters located in Cairo.

Minister of Planning and Economic Development Hala Elsaid has met with representatives of 50 major British firms to discuss cooperation and investment opportunities.

Minister of Planning and Economic Development Hala ElSaid has signed a cooperation protocol with the President of the Cassation Court and the Supreme Judiciary Council Hosni Abdel Latif to provide the court’s services at Khadamat Misr centers.

Egypt has trimmed its economic growth expectations to between 2.8% and 2.9% for the current fiscal year (FY) ending in June, from previous expectations of 3%, Planning and economic Development Minister Hala Elsaid stated.

The Islamic Development Bank’s (IsDB) investment portfolio in Egypt has reached $22 billion, Minister of Planning and Economic Development Hala Elsaid stated on the sidelines of the 2024 Annual Meetings of IsDB in Riyadh.

Egypt will offer stake in Al Amal Company for Plastic Pipes and Fittings within 2024.

Egypt seeks to raise around $1 billion from government offerings in 2024 and $1.5 billion in the coming year.

The Egyptian Ministry of Planning and Economic Development has updated the approach used in calculating private investments.

Egypt has dedicated a total of EGP 34.7 billion to implement 565 development projects in the governorate of Alexandria under the current fiscal year (FY) 2023/2024 investment plan.

Egypt aims to cut population growth rates to about 1.69% during the current fiscal year (FY) 2023/2024, and to 1.64% by the end of FY 2025/2026, as per a statement by the Ministry of Planning and Economic Development.

The Egyptian petroleum sector targets investing EGP 99.6 billion in the development of oil extractions during fiscal year (FY) 2023/2024, Ministry of Planning and Economic Development Hala Elsaid announced, citing a report on the sector’s plan for the current FY.

The Egyptian economic growth slowed down to 2.65% in the first quarter (Q1) of the current fiscal year (FY) 2023/2024, compared to 4.4% in the same period a FY earlier.