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Ministry of Finance

Egypt’s 2021 FDI inflows makes it 3rd in Arab world with 16.4% of regional inflows

The IDSC’s infographic was based on the Arab Investment and Export Credit Guarantee Corporation’s data released in July

Egypt to host African Reinsurance Corp’s first set of meetings in 3 years

The meetings were delayed for the last 3 years due to the COVID-19 pandemic, and will be organized in partnership with the Ministry of Finance and the Insurance Federation of Egypt (IFE)

Egypt directs EGP 6B of FY2022/2023 budget to export development | FinMin

The minister also added that they have allotted EGP 6.025 billion in the budget to go towards digital transformation and cybersecurity projects

Egypt’s budget deficit for FY 2021/2022 drops to 6.1% from 7.4%

This is less than the state budget’s target of 6.7% despite the growing costs of rising food and energy prices during the 2nd half of the year

Localization of industry is a top priority | FinMin

The localization of industry will play an important role in encouraging investors to expand activities and productivity in the country, he added