Economy
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Planning minister discusses multidimensional poverty measurement with Oxford initiative
Minister of Planning and Economic Development Ahmed Rostom met with Sabina Alkire, Director of the Oxford Poverty and Human Development Initiative (OPHI), to discuss expanding cooperation on the development and measurement of multidimensional poverty indicators and adopting the latest international methodologies in the field. The meeting took place on the sidelines of the 2026 High-level Political Forum on Sustainable Development…
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Education spending tops 2.5% of GDP, remittances near $40bn: HDB CEO
Yahia Aboul Fotouh, Chief Executive Officer of Housing and Development Bank (HDB), said the banking sector views investment in education as a cornerstone of sustainable development and human capital formation, stressing that financing education is a long-term investment that supports economic growth. Speaking at the opening session of the fifth Annual Education Investment Summit, held under the theme “Creating an…
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Egypt and Pakistan to establish joint development planning platform following New York talks
Egypt and Pakistan have agreed to establish a joint periodic cooperation platform between their planning ministries to exchange development visions and expertise, following a proposal by Islamabad during talks in New York. Egyptian Minister of Planning and Economic Development Ahmed Rostam welcomed the proposal from his Pakistani counterpart, Minister of Planning, Development and Special Initiatives Ahsan Iqbal Chaudhary. The bilateral…
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14 countries account for 68.8% of Egypt’s foreign trade in H1 FY2025/26: CBE
Fourteen countries accounted for 68.8% of Egypt’s total foreign trade during the first half (July–December) of fiscal year 2025/26, with combined trade reaching $50.616bn, according to a report published by the Central Bank of Egypt (CBE). The total comprised imports worth $36.147bn and exports amounting to $14.469bn. According to the report, Egypt’s total foreign trade during the period reached $73.540bn,…
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PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding
Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast. The meeting, held at the government headquarters in the New Administrative Capital, focused on the latest developments in the flagship urban development project and ongoing coordination between the Egyptian…
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Financial resources to be aligned with development programmes through measurable performance indicators: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development, chaired an expanded meeting attended by officials from the Ministries of Planning and Finance to review the latest developments in the implementation of Programme and Performance Budgeting (PPB) and discuss a number of technical and operational issues. The meeting reflects the ongoing coordination between the two ministries to enhance the efficiency of…
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Egypt strengthens position as one of region’s leading investment destinations: GAFI’s Awad
Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), said the Egyptian economy continues to strengthen its position as one of the region’s leading investment destinations, supported by ongoing economic reform programmes, extensive infrastructure development, and the diversity of its productive and service sectors. He said these factors offer investors broad opportunities across manufacturing, energy, logistics,…
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Opinion | Dividends and Divides: Appraising the Social Aspect of Egypt’s New Fiscal Budget
In the coming weeks, a new two-pound coin and revised one-pound coin will enter circulation, marking the latest update to the Livre Égyptienne. Intended to minimise minting costs, streamline fare collection and curb metal melting, the reforms appear modest when set against a state budget projected at EGP 5.2 trillion and a national output target of EGP 24.5 trillion. Yet…
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Private sector to account for 59% of total investment in FY2026/27: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%. Rostom made the remarks during the launch of L’Oréal Egypt’s Economic and Social Impact Study, held under the patronage of Prime…
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Arab African Advisers concludes Egypt’s Clusters Regulatory Framework Support project under EU-funded programme
Arab African Advisers has completed the Clusters Regulatory Framework Support project in Egypt, a key pillar of the EU-funded EuroMed Clusters Forward programme. The initiative, implemented by ANIMA Investment Network in partnership with Berytech, spans seven Southern Mediterranean countries–Egypt, Palestine, Jordan, Lebanon, Tunisia, Morocco, and Algeria–and is backed by €7m in EU funding. Its overarching goal is to foster innovation,…
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