Thursday 03 Apr

fiscal year

Kouchouk: Significant wage increase for state employees July 1
2025/04/01

Kouchouk: Significant wage increase for state employees July 1

Minister of Finance, Ahmed Kouchouk, confirmed that state employee salaries will increase starting from next July, coinciding with the implementation of the fiscal year 2025/2026...

Ministry allocates EGP 732.6 Billion for social protection
2025/03/29

Ministry allocates EGP 732.6 Billion for social protection

Ahmed Kouchouk, Minister of Finance, stated that the 2025/2026 draft budget, approved by the Cabinet and submitted to Parliament, witnesses great interest in enhancing spending...

Cabinet submits 2025-2026 budget for parliamentary scrutiny
2025/03/26

Cabinet submits 2025-2026 budget for parliamentary scrutiny

In its meeting today, Wednesday, under the chairmanship of Dr. Moustafa Madbouly, the Cabinet approved the draft budget for the fiscal year 2025/2026 and resolved...

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,...

Central Bank announces decrease in public debt
2024/09/29

Central Bank announces decrease in public debt

The Central Bank of Egypt announced a 2.1% decrease in Egypt's public debt in the last quarter of the 2023-2024 fiscal year. The bank stated...