Reforms

OECD praises Egyptian reforms in latest report

Sun, 11 May 2025 - 03:19 GMT

The assessment points to major institutional improvements, particularly in digitizing government services, modernizing the civil service, and advancing gender and youth inclusion in policymaking.

Nearly 500 reforms in effect as part of efforts to bolsters private sector-led growth: IDSC

Thu, 08 May 2025 - 01:02 GMT

The report, reviewed by Prime Minister Mostafa Madbouly, details progress aligned with the State Ownership Policy Document, a key strategy to shift Egypt toward a private sector-led growth model.

IMF’s latest report notes reform progress, debt sustainability as reasoning for recent economic forecast

Sun, 04 May 2025 - 11:01 GMT

The IMF noted that “economic activity is expected to pick up but remain modest” in FY2025/2026, reflecting the complex challenges Egypt continues to face.

GAFI CEO highlights latest business reforms via streamlined unified tax system

Wed, 23 Apr 2025 - 02:57 GMT

The new taxation model is expected to roll out within the next few months as part of a national effort to simplify investment procedures and encourage private sector growth

FRA releases 2024 key market indicators for FRA-regulated entities

Sun, 23 Feb 2025 - 02:43 GMT

Consumer financing accounted for 6.7 percent, non-equity securities issuances represented 6.1 percent, and real estate financing made up 2.8 percent.

“Pound is ‘well-supported’ in short-term:” Goldman Sachs reveals key insights from last week’s visit

Tue, 21 Jan 2025 - 12:20 GMT

The report highlights several crucial factors influencing Egypt's economic trajectory, with a particular focus on policy changes, inflation concerns, and the persistent challenges surrounding structural reforms

Kouchouk reveals new e-system and measures for investor and tax issues to go live in February

Mon, 20 Jan 2025 - 11:22 GMT

The FinMin also outlined that the Ministry of Finance is rolling out 20 new measures designed to improve the tax environment for businesses of all sizes, stressing that these measures are part of a realistic and solution-driven approach

Remittances from Egyptians abroad double to $2.7B after financial reforms

Mon, 25 Nov 2024 - 04:23 GMT

Remittances from Egyptians abroad witnessed major leaps after reforms in March 2024, doubling in Sept. 2024 to record about $2.7 billion.

Egyptian Cabinet approves of new draft laws to enhance tax support for SMEs: Kouchouk

Thu, 31 Oct 2024 - 12:32 GMT

Kouchouk added that these aim to stimulate growth among small businesses, simplify tax processes, and resolve existing tax disputes

IMF conducting study on impact of reforms on Egyptians before 4th review

Mon, 28 Oct 2024 - 01:51 GMT

New data is expected to reveal the effects of economic reforms on household spending following two years of currency devaluation and rising prices.

Al Mashat, Kouchouk meet with global finance corps to review Egypt’s reforms, investment opportunities

Thu, 24 Oct 2024 - 01:13 GMT

Al Mashat presented the country’s recent economic and structural reforms, emphasizing the government's efforts to strengthen macroeconomic stability, enhance the business environment, and build a competitive, investment-friendly economy.

PM: Egypt will negotiate with IMF to review reform timeline

Thu, 24 Oct 2024 - 11:19 GMT

This decision comes in response to directives from President Abdel-Fattah El-Sisi earlier this week to reassess the agreement to alleviate the strain on citizens as Egypt grapples with economic hurdles, including inflation and high debt.

Egypt looks to extend timeline to implement IMF-backed reforms

Tue, 22 Oct 2024 - 11:24 GMT

The news comes within days of President Abdel Fattah El Sisi urging the government to reassess its agreement with IMF, stating, “If this challenge forces me to place unbearable pressure on the public, we must review the situation with the IMF.”

Egypt steadily moving towards tax stability through more balanced tax system: Tax Head

Sun, 20 Oct 2024 - 01:43 GMT

Abdel Aal clarified that the suggested reforms are part of a strategic plan aimed at ensuring the sustainability of Egypt's tax system while adhering to international best practices that prioritize taxpayer satisfaction.

Egypt preparing strategic fiscal policies to bolster investment, production, exports: Finance Ministry

Wed, 18 Sep 2024 - 12:56 GMT

The policies will focus on further improving fiscal discipline in the state’s budget indicators, a crucial component for fostering economic growth and ensuring effective long-term planning.

Investment Ministry planning new investment and trade policy: El-Khatib

Wed, 18 Sep 2024 - 12:50 GMT

El-Khatib emphasized that this new vision is designed to enhance confidence among both local and foreign investors.

IMF softened $8 billion loan program conditions during 3rd review in July

Tue, 27 Aug 2024 - 03:38 GMT

During the completion of its 3rd review of Egypt’s $8 billion loan program, the International Monetary Fund (IMF) adjusted and softened certain conditions attached to the program, providing the country more time to implement key reforms.

Egypt reduces core subjects for Thanaweya students, extends school week to 6 days

Wed, 14 Aug 2024 - 12:49 GMT

These changes will come into effect at the onset of the new academic year 2024/2025, commencing on September 21

Highlights from the IMF’s 3rd review of Egypt’s $8B Extended Fund Facility

Tue, 30 Jul 2024 - 11:40 GMT

With the 3rd review completed, Egypt will receive $820 million in the coming days, meaning it will have obtained $1.64 billion from the $8 billion loan since the agreement’s approval in 2022

International Co-op and Investment ministers meet to discuss strategies to attract FDIs

Sun, 21 Jul 2024 - 02:40 GMT

El-Khatib emphasized the importance of aligning efforts with global partners to expand productive and service sectors capable of generating financial returns

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