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Egypt
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Tourism
10/30/2025 7:21:04 PM
Egypt plans to raise investments in the tourism and antiquities sector by about 60 percent to EGP 116.2 billion ($2.4 billion) in the fiscal year 2025/26, up from EGP 72.4 billion ($1.5 billion) in 2024/25, Planning and Economic Development Minister Rania Al-Mashat said.
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Opinion
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10/27/2025 2:53:58 PM
Past wars in the Middle East have not only brought immense human suffering but also created new paths toward peace. The same holds for the war in and around Gaza.
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Business
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Economy
10/19/2025 4:12:27 PM
Egypt’s credit profile reflects a balance between its large and diversified economy, solid growth potential, and strong multilateral and bilateral support on one hand, and its still-weak public finances, high external financing needs, and elevated geopolitical risks on the other, global credit rating agency Fitch Ratings said in a new report released on Sunday.
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World
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International
10/19/2025 11:07:34 AM
Colombia's president accused on Saturday Washington of violating his country's sovereignty and killing a fisherman, shortly after US leader Donald Trump confirmed that US forces carried out another strike in his military campaign against "narcoterrorists."
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Business
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Economy
10/15/2025 6:05:45 PM
Egypt has made notable progress in improving its fiscal position, achieving a primary surplus of 2.5 percent of GDP in FY2024/2025, which ended in June 2025, and reducing its overall debt from 96 percent to 86 percent of GDP, according to Era Dabla-Norris, Deputy Director of the Fiscal Affairs Department at the International Monetary Fund (IMF).
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Business
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Economy
10/15/2025 3:23:11 PM
The Egyptian government has announced the continuation of its flagship initiative to support productive sectors, offering EGP 90 billion in financing facilities during the current fiscal year to stimulate investment, local manufacturing, and economic growth.
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Business
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Economy
10/14/2025 4:06:23 PM
The International Monetary Fund (IMF) has upgraded its forecast for Egypt’s real GDP growth in the 2025/26 fiscal year to 4.5 percent, up 0.4 percent from its June projection of 4.3 percent. The fiscal year begins on 1 July 2025.
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Business
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Economy
10/10/2025 4:06:30 PM
Egypt’s overall balance of payments registered a deficit of $2.1 billion in the current FY2024/2025, which ended at the end of June, reversing the $9.7 billion surplus recorded in the fiscal year earlier, according to the Balance of Payments (BoP) data published by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
10/1/2025 2:17:47 PM
Egypt’s private investment hit its highest level in five years in the fiscal year (FY) 2024/2025, which ended in June 2025, reflecting a stronger role for the private sector in driving growth amid regional challenges, the Ministry of Planning, Economic Development, and International Cooperation said.
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Opinion
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9/30/2025 4:56:24 PM
As World War II raged in Europe in the early 1940s, Stefan Zweig’s memoir Die Welt von Gestern: Erinnerungen eines Europäers (The World of Yesterday: Memoirs of a European) was published by a German exile publisher in Stockholm. Zweig, full of sorrow, describes the “rupture of time” that brought the old Europe to an end in the fury of two terrible world wars.
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Business
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Economy
9/28/2025 3:00:01 PM
Egypt will cap public investments at EGP 1.16 trillion in fiscal year (FY) 2025/2026, which began on 1 July 2025, as part of efforts to strengthen fiscal discipline, reduce the budget deficit, and continue lowering public debt, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced on Sunday.
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Sports
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Egyptian Football
9/24/2025 6:16:10 PM
Pyramids FC striker Fiston Mayele expressed his delight on Wednesday over his side’s achievement against Ahli Jeddah, emphasizing that what they accomplished in Saudi Arabia was incredibly challenging.
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Sports
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Egyptian Football
9/23/2025 11:28:07 PM
Egyptian side Pyramids FC clinched the FIFA African-Asian-Pacific Cup title with a commanding 3-1 win over Saudi Arabia’s Ahli Jeddah on Tuesday, thanks to a sensational hat-trick from DR Congo striker Fiston Mayele.
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Business
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Economy
8/31/2025 2:39:13 PM
Egypt has allocated EGP 144.8 billion ($3.1 billion) in investments for its agriculture and irrigation sectors in the 2025/26 fiscal year, the Ministry of Planning, Economic Development, and International Cooperation announced on Sunday.
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Business
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Economy
8/30/2025 3:28:52 PM
Egypt’s budget deficit for fiscal year 2024/25, which ended on 30 June, widened to EGP 1.18 trillion as the government boosted spending on health, education, housing, and subsidies, Finance Minister Ahmed Kouchouk announced Saturday.
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Business
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Economy
8/26/2025 2:28:13 PM
Remittance inflows from Egyptians working abroad surged to an all-time high of $36.5 billion during FY2024/2025, which ended on 30 June 2025, marking a 66.2 percent growth from $21.9 billion a fiscal year earlier, the Central Bank of Egypt (CBE) announced on Tuesday.
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Business
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Economy
8/18/2025 4:44:43 PM
Egypt recorded its highest-ever primary budget surplus in the 2024/25 fiscal year, equivalent to 3.6 percent of GDP, finance minister Ahmed Kouchouk said on Monday, as the economy grew 4.7 percent in the third quarter despite major external shocks.
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Business
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Energy
8/15/2025 7:27:58 PM
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, said on Friday that higher domestic production has saved the state an estimated $3.6 billion in fuel import costs during the 2024/2025 fiscal year, marking a significant step in stabilising and increasing the country’s energy output.
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Al-Ahram Weekly
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Sufra Dayma
8/14/2025 9:00:20 PM
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Business
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Economy
7/29/2025 9:09:31 PM
The International Monetary Fund trimmed its growth forecast for Egypt’s economy to 4.1 percent for fiscal year 2025-26, a 0.2 percent reduction, citing concerns over stalled structural reforms, a senior IMF official said.
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