Business
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Economy
2/4/2025 8:26:45 PM
Egypt and the International Islamic Trade Finance Corporation (ITFC) signed a $1.6 billion deal on Monday to finance the annual work program for 2025 as part of a five-year framework agreement between the two parties.
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Al-Ahram Weekly
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Egypt
1/28/2025 11:52:00 PM
The Ministry of Finance is planning the gradual reduction and diversification of Egypt’s foreign debt.
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War on Gaza
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War on Gaza
1/27/2025 9:12:20 PM
Israeli Finance Minister Bezalel Smotrich has endorsed US President Donald Trump’s contentious proposal to resettle Gaza’s Palestinian population in Egypt and Jordan, a move rejected by both nations but promising to keep Netanyahu's fragile coalition for a little longer.
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Business
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Economy
1/27/2025 2:07:11 PM
Minister of Finance Ahmed Kouchouk announced Monday that Egypt will launch the first phase of customs facilitation measures to boost the country’s economic growth.
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War on Gaza
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War on Gaza
1/26/2025 1:47:33 PM
Far-right Israeli Minister of Finance Bezalel Smotrich welcomed on Sunday US President Donald Trump's idea to "clean out" Gaza by relocating Palestinian residents from the territory to Egypt and Jordan, affirming that he will work with his cabinet to ensure the implementation of the idea as soon as possible.
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War on Gaza
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War on Gaza
1/21/2025 2:21:15 PM
Israel's far-right Finance Minister Bezalel Smotrich thanked Donald Trump on Tuesday for his "unwavering support" after the newly inaugurated US president lifted sanctions on Israeli terrorist settlers attacking Palestinians in the occupied West Bank.
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War on Gaza
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War on Gaza
1/13/2025 8:00:28 PM
Israel's far-right Finance Minister Bezalel Smotrich on Monday vowed to oppose any deal to end the Gaza war, while a senior Palestinian official said "significant progress" had been made in negotiations in Doha.
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Business
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Economy
1/6/2025 3:55:38 PM
Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) in January as part of its $8 billion programme with the international institution, Minister of Finance Ahmed Kouchouk revealed in an interview with ON TV on Sunday evening.
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Business
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Economy
1/5/2025 6:07:32 PM
The Financial Regulatory Authority (FRA) announced Sunday that the value of leasing finances in Egypt increased to EGP 47.4 million in the first 10 months of 2024, compared to EGP 37.9 million during the same period in 2023.
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Business
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Economy
1/2/2025 5:41:09 PM
President Abdel-Fattah El-Sisi issued Decree No. 110 of 2024 to approve Egypt's acquisition of an additional 28,940 shares in the International Finance Corporation (IFC), which will contribute $28.9 million to the corporation's capital, the Egyptian Gazette announced Thursday.
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Business
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Economy
12/31/2024 6:48:32 PM
The total overall budget deficit decreased by EGP 92 billion (14.1 percent) to EGP 560.6 billion from July to November 2024/2025, down from EGP 652.7 billion during the same period in 2023/2024, according to the Ministry of Finance's monthly report published on Tuesday.
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Business
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Economy
12/29/2024 8:56:49 PM
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir and Minister of Finance Ahmed Kouchouk announced that Egypt has allocated EGP 30 billion to fund the first phase of a new initiative to support companies in priority industrial sectors, according to a release published by the Minister of Industry and Transport on Sunday.
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World
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International
12/27/2024 2:38:35 PM
Key members of Canadian Prime Minister Justin Trudeau's cabinet traveled to Florida on Thursday for talks with representatives of US President-elect Donald Trump, as Ottawa works to avert a potentially devastating trade war.
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Business
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Tech
12/26/2024 7:15:12 PM
Sherif Elkilany, vice minister of finance for tax policies, announced in an interview with the Information and Decision Support Centre (IDSC) on Wednesday that Egypt will launch a new mechanism to combat mobile phone smuggling in the coming days.
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Business
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Energy
12/24/2024 3:39:23 PM
Egypt has secured $275 million in joint financing from three international financial institutions to support the development of a 1.1-gigawatt wind power plant in the Gulf of Suez, the Ministry of Planning, Economic Development, and International Cooperation announced on Monday.
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Business
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Economy
12/12/2024 10:44:24 PM
The OPEC Fund for International Development, a multilateral development finance institution established in 1976, has granted Egypt a $40 million loan to construct two wind farms with a combined capacity of 1.1 GW in the Gulf of Suez, according to a release published on OPEC's official website on Tuesday.
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Business
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Economy
12/12/2024 6:20:52 PM
Minister of Finance Ahmed Kouchouk announced that Egypt will unveil the second phase of tax incentives and facilities in the upcoming six months, which aim to strengthen the "trust, partnership, and support" of local and international investors, according to a statement released by the Egyptian Cabinet on Thursday.
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Business
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Economy
12/9/2024 7:41:09 PM
Minister of Finance Ahmed Kouchouk discussed his ministry's economic policies during a recent National Press Authority (NPA) seminar to enhance cooperation between the authority and the Egyptian Ministry of Finance.
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Business
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Economy
12/4/2024 4:17:47 PM
The high-level event organized in Egypt by the Middle East Regional Technical Assistance Center (METAC), affiliated with the International Monetary Fund (IMF), to celebrate the centre's 20th anniversary concluded on Wednesday with the signing of a cooperation agreement with the Egyptian Ministry of Finance.
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Business
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Economy
11/28/2024 6:27:29 PM
Egypt’s tax revenue increased by 36.7 percent (EGP 174.2 billion), reaching EGP 648.3 billion from July to October in the fiscal year (FY) 2024/2025, compared to EGP 474 billion during the same period in FY2023/2024, according to a report published by the Ministry of Finance on Wednesday.
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