The minister reassured that there would be no additional tax burdens imposed on investors in FY2024/2025
Egypt’s economic growth is expected to slightly narrow in 2024, according to the African Development Bank (AfDB), dropping from an estimated 4% in 2023 to 3.7% in 2024
The Central Bank of Egypt (CBE) increased the overnight deposit rate to 21.25%, the overnight lending rate to 22.25%, the rate of the main operation to 21.75%, and the discount rate was also raised to 21.75%
In its annual transitional report for 2023/2024 titled "Transitions Big And Small," the EBRD also applauded the Egyptian government’s strategies in responding to macroeconomic developments
The document highlighted boosting exports, tourism and Suez Canal revenues, remittances, FDIs, and strengthening the outsourcing sector