Friday 04 Apr

debt

Kouchouk: Major budget boost for production, exports, tourism
2025/04/02

Kouchouk: Major budget boost for production, exports, tourism

Finance Minister Ahmed Kouchouk announced Tuesday that the 2025-2026 draft budget aligns with state efforts to boost Egypt's economic competitiveness through investment, industrial localization, and...

Kouchouk: Budget allocates EGP1 Billion for automotive industry
2025/03/06

Kouchouk: Budget allocates EGP1 Billion for automotive industry

Minister of Finance Ahmed Kouchouk said that the government has allocated one billion Egyptian pounds in the 2024/2025 budget to support the "Automotive Industry Localization...

Kouchouk: Businessmen to boost economy, external debt reduced by $3 billion
2025/01/29

Kouchouk: Businessmen to boost economy, external debt reduced by $3 billion

Ahmed Kouchouk, the Minister of Finance, affirmed that we are striving to create a 'dialogue environment' to engage the business community and citizens in our...

Goldman Sachs forecasts Egyptian pound appreciation
2025/01/21

Goldman Sachs forecasts Egyptian pound appreciation

The American investment bank, Goldman Sachs, has predicted an increase in the value of the Egyptian pound against the US dollar in the near future....

African debt crisis tops upcoming G20 Summit with Egyptian participation
2024/12/09

African debt crisis tops upcoming G20 Summit with Egyptian participation

Assistant Foreign Minister Ambassador Ragy El Etreby, the President's Personal Representative to the G20 and BRICS, is participating in a meeting of G20 leaders' representatives...

Finance Minister calls for more equitable global economic system for Africa
2024/11/26

Finance Minister calls for more equitable global economic system for Africa

Finance Minister Ahmed Kouchouk emphasized that sustainable development demands substantial financial resources, necessitating collective efforts to achieve tangible outcomes. He highlighted that the high cost...

Kouchouk assures investors of Egypt's commitment to financial stability
2024/11/04

Kouchouk assures investors of Egypt's commitment to financial stability

Minister of Finance Ahmed Kouchouk continued his extensive dialogue with international investors. In a virtual meeting hosted by EFG Hermes with over 60 foreign institutional...

Kouchouk urges expansion of debt-for-investment swaps
2024/10/23

Kouchouk urges expansion of debt-for-investment swaps

Minister of Finance, Ahmed Kouchouk, has emphasized three key priorities for strengthening Africa's financial infrastructure in the face of global challenges related to geopolitical and...