Ahmed Kouchouk

Egypt is set to issue a sovereign EGP sukuk in first quarter of 2025: Finance Minister

Thu, 28 Nov 2024 - 05:25 GMT

This development underscores Egypt's commitment to diversifying its financing sources and tapping into innovative financial instruments to address its budget deficit.

Finance Minister highlights Egypt’s keenness to bolster financial, investment co-op with Bahrain

Thu, 28 Nov 2024 - 03:02 GMT

According to the finance minister, both countries are eager to leverage their long-standing historical ties to address global economic challenges and advance their shared goals of sustainable development.

Kouchouk urges intl. collaboration, sustainable financing to address climate challenges

Thu, 14 Nov 2024 - 11:55 GMT

The minister called on countries, financial institutions, and the private sector to join the alliance, aiming to promote sustainable development and build economic resilience

Egypt records primary surplus of LE 90B in Q1 of FY2024/2025

Mon, 04 Nov 2024 - 11:26 GMT

The country’s budget entities also managed to reduce their external debt by about $4 billion in 2023, bringing the debt-to-GDP ratio down from 96 percent in June 2023 to 89.6 percent by June 2024.

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

Egypt launches EGP 50 Billion initiative to boost tourism sector

Thu, 31 Oct 2024 - 11:45 GMT

The Ministries of Finance and Tourism have jointly announced that priority will be given to the governorates of Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai.

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.

Finance Minister: Egypt looking to issues new green bonds and Sukuk by end of fiscal year

Sun, 20 Oct 2024 - 12:38 GMT

The minister highlighted that this is part of a broader strategy to diversify financing sources and attract both investors and savers to the local debt market.

Egypt seeks to introduce 6 public-private partnership projects within current FY

Tue, 15 Oct 2024 - 12:57 GMT

Investments through public-private partnership (PPP) contracts reached LE 19.8 billion in the previous fiscal year, explained Kouchouk

Kouchouk and Abdallah participate in BRICS finance and central bank meetings

Sun, 13 Oct 2024 - 12:20 GMT

During the meetings, Kouchouk emphasized the potential of the BRICS group to significantly reshape the global economic landscape in favor of emerging and developing countries.

FinMin discusses Egypt's tax reforms, strategic fiscal policies

Wed, 09 Oct 2024 - 02:46 GMT

Kouchouk highlighted the launch of Egypt’s first set of tax relief measures, featuring over 20 reforms designed to build trust with taxpayers and streamline tax services.

AIIB President praises Kouchouk’s leadership as he takes on role of Egypt’s AIIB Governor

Mon, 23 Sep 2024 - 02:40 GMT

The finance minister highlighted the collaborative efforts that have made the AIIB the fastest-growing bank in the region, emphasizing its role in supporting Egypt’s development trajectory through promising projects over the past few years.

Finance Minister outlines Egypt’s key financial policy priorities during London visit

Sun, 22 Sep 2024 - 12:31 GMT

During a recent visit to London, Finance Minister Ahmed Kouchok addressed over 200 investors from major financial institutions and investment banks across several meetings, presenting a comprehensive strategy aimed at stabilizing and transforming the nation's economy

Egypt to reportedly return to international bond market sometime this FY

Sun, 22 Sep 2024 - 11:15 GMT

While Kouchouk's meetings were not open to the press, sources told Bloomberg that he informed foreign investors about the plan to sell approximately $3 billion in external debt across various tranches

Kouchouk highlights EU’s key role as economic partner, shares intent to boost EU investments

Mon, 16 Sep 2024 - 01:13 GMT

The minister noted that upcoming financial policies are expected to significantly influence risk management and economic competitiveness

New tax facilitation package to boost small businesses in Egypt

Wed, 11 Sep 2024 - 02:44 GMT

The new framework will simplify the tax filing process, allowing businesses to submit or amend tax returns for the years 2021 to 2023 without incurring penalties.

Finance Minister Kouchouk highlights ministry’s 3 core priorities for the coming period

Wed, 11 Sep 2024 - 09:34 GMT

Kouchouk highlighted three core priorities for the upcoming period - enhancing economic stability, supporting the private sector, and reducing government debt

Egypt's fiscal allocations for social initiatives reach LE 635.9B in FY2024/2025

Mon, 02 Sep 2024 - 10:17 GMT

This marks an increase from LE 119 billion, EGP 127.7 billion, and LE 31 billion, respectively, in the fiscal year 2023/2024.

Madbouly and Kouchouk review efforts to lower debt levels

Thu, 29 Aug 2024 - 01:10 GMT

The meeting also addressed the government’s strategies for maintaining fiscal discipline and ensuring that the debt-to-GDP ratio continues to decline

Egypt's budget deficit achieves 3.6% during FY2023/2024

Mon, 26 Aug 2024 - 12:20 GMT

Kouchouk also highlighted a reduction in the budget deficit to 3.6 percent.

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