Monday 10 Mar

fiscal

Moody's keeps Egypt rating at Caa1, outlook positive
2025/02/20

Moody's keeps Egypt rating at Caa1, outlook positive

Moody's Ratings Agency has affirmed Egypt's long-term foreign and local currency ratings at Caa1, maintaining its positive outlook. This also includes the affirmation of Egypt's...

Egypt Aluminium reports significant profit growth in first half
2025/02/19

Egypt Aluminium reports significant profit growth in first half

Aluminium Company of Egypt financial indicators for the first half of the current fiscal year reveal a 114% year-on-year surge in profits, driven by revenue...

Eastern Co. profits soar to EGP5.3 B in six months
2025/02/17

Eastern Co. profits soar to EGP5.3 B in six months

The Eastern Company reported an 86% year-on-year increase in profits for the first half of the current fiscal year. Profits reached 5.38 billion pounds between...

Sustainable Capital Africa Alpha Fund sells entire stake in CIRA
2025/01/27

Sustainable Capital Africa Alpha Fund sells entire stake in CIRA

Sustainable Capital Africa Alpha Fund has sold its entire stake, amounting to 9.67%, in Cairo Investment and Real Estate Development - CIRA for Education.

Experts: Egypt economy poised for 4% growth
2025/01/21

Experts: Egypt economy poised for 4% growth

A Reuters poll forecasts a 4% growth in Egypt's economy in the fiscal year ending next June. The poll, based on forecasts from 19 economists,...

Kouchouk: Working with partners to increase financial transparency
2025/01/20

Kouchouk: Working with partners to increase financial transparency

Minister of Finance Ahmed Kouchouk affirmed our commitment to deepening fiscal transparency in collaboration with both domestic and international partners. This involves implementing comprehensive national...

Sisi: Boosting foreign reserves for industry, production
2024/12/31

Sisi: Boosting foreign reserves for industry, production

President Abdel Fattah El-Sisi met Tuesday, with Prime Minister Dr. Moustafa Madbouly, Governor of the Central Bank Hassan Abdullah, and Minister of Finance Ahmed Kouchouk.

Kouchouk: Simplified tax system for businesses under EGP15 million
2024/12/11

Kouchouk: Simplified tax system for businesses under EGP15 million

Finance Minister Ahmed Kouchouk emphasized that the fiscal and tax policies are increasingly focused on bolstering investment, driving economic growth, and supporting the private sector....