Ahmed Kouchouk
Kouchouk said Egypt’s economic direction remains stable and balanced, combining efforts to support production and exports with continued fiscal discipline.
The talks focused on enhancing inter-ministerial cooperation to support Egypt’s water system and ensure the effective implementation of development objectives, particularly those related to upgrading irrigation infrastructure and improving efficiency in water use across the agricultural sector.
Under the decree, Central Bank Governor Hassan Abdalla will serve as Egypt’s governor at the International Monetary Fund, with the Minister of Finance, Ahmed Kouchouk, appointed as alternate.
Key priorities now include securing food and medicine supplies, supporting the education sector, and meeting energy demands, particularly in oil and electricity. Kouchouk stressed
In a statement released on Sunday, Kouchouk said the bond offers a fixed annual return of 17.75 %, exempt from taxes, with payments distributed monthly over an 18-month period.
Egypt said on Tuesday that it aims to strike a balance between promoting economic growth, enhancing Egypt’s competitiveness, and maintaining fiscal discipline amidst regional challenges.
These efforts aim at strengthening the economy’s resilience in the face of various challenges, the president said, as he reviewed fiscal policy priorities for the 2026/2027 budget on Tuesday, the Presidency said in a statement.
The plans include implementing targeted tax and customs facilitation measures and expanding the tax base by increasing compliance without imposing new burdens on citizens or businesses, the Presidency said.
Finance minister says Egypt’s priority is securing basic needs, expanding targeted support, and tracking markets daily amid turmoil.
During his remarks at the 9th Capital Markets Summit, Kouchouk highlighted the increasing number of companies operating in the Suez Canal Economic Zone as well as other industrial and investment areas nationwide.
Prime Minister Mostafa Madbouly met Tuesday with newly appointed Egyptian Exchange (EGX) Chairperson Islam Azzam, marking Azzam’s first day in office
He highlighted that fostering a business environment conducive to investment has allowed domestic companies to expand rapidly, compete effectively, and adapt quickly to emerging opportunities.
Kouchouk urged BRICS countries to expand their involvement in tackling the global debt burden, particularly in middle-income nations
The recognition highlights Kouchouk’s “visionary economic stewardship” and his role in implementing bold fiscal reforms that have driven financial stability and inclusive growth in Egypt.
Minister of Finance Ahmed Kouchouk announced that the country’s economy has shown significant improvement, with financial performance indicators for the first eight months of the fiscal year 2024/2025 described as “very good.”
The event, themed "Freelance Work: 9-5 is No Longer the Only Option," brought together a diverse group of freelancers active in both local and global online job markets.
Egypt’s Minister of Finance, Ahmed Kouchouk announced an increase in the wages of state employees by a minimum of 1.100 LE and up to 1,600 LE, depending on the job grade, starting next July.
The Egyptian government plans to introduce new initiatives aimed at exchanging debt for investments in sustainable development and green transformation, as announced in a statement from the Ministry of Finance today.
This initiative is designed to accelerate investment in key infrastructure sectors and enhance private sector participation in national development efforts.
While a timeline was not provided, the initiatives are part of a larger strategy to foster the transition to greener, more cost-effective transportation solutions and support sustainable economic growth
