We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy


Engineering exports increase by 54% in H1 2021

Overall, engineering products’ exports saw positive growth, with an increase of 28% in FY 2020/2021

Egypt’s manufacturing index declines 5.85% in May

The index’s benchmark, which excludes crude oil and petroleum products, recorded an initial 116.84 in March from 104.09 in February

Advance cargo clearance available by paying 30% of taxes in advance: FinMin

Importers and their agents will be able to pay 30% of dues in advance for their cargo before its arrival to Egyptian ports as part of efforts to speed up customs procedures

Moody’s maintains Egypt’s B2 rating with a stable outlook, economy to grow 5.5%

In a separate statement, Minister of Finance Mohamed Maait pointed out that the decision reflects continued confidence for the Egyptian economy

Egypt’s public investments up 50.5% YoY, treasury-financed investments up 28% YoY:FinMin

The latest allocated state budget is 6x higher than previously set aside in FY 2013/2014