Egypt fast-tracks EGP 42bn pension payouts to 10.2 million citizens

June 03, 2026

Reported by AI

Egypt has disbursed EGP 42bn in pension payments to 10.2 million people ahead of Eid al-Adha using a new digital system.

Egypt disbursed EGP 42bn in early June pension payments to 10.2 million beneficiaries. The move came ahead of the Eid al-Adha holiday. The payments followed the nationwide launch of a comprehensive digital social insurance system. Major General Gamal Awad, Chairman of the National Authority for Social Insurance, announced the figures. He spoke during an evening meeting on Wednesday. The meeting was chaired by senior officials.

Awqaf ministry and state banks agree to instalment plan for eid sacrifice vouchers

The Ministry of Awqaf has signed agreements with two state banks to allow buyers of Eid Al-Adha sacrificial meat vouchers to pay in instalments over six months. Prime Minister Mostafa Madbouly witnessed the signing at the New Administrative Capital.

Egypt allocates EGP 80bn in FY2026/27 budget to support production and exports

April 22, 2026 Reported by AI

Finance Minister Ahmed Kouchouk announced EGP 80bn allocated in the FY2026/2027 budget for programs supporting production, manufacturing, entrepreneurship, and exports. The allocation includes EGP 48bn for export rebate schemes and EGP 6.7bn for the tourism sector. Presenting the draft budget to parliament, he projected public revenues at EGP 4trn.

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Egypt's tax revenues rise 30.8% in first eight months of FY 2025/26

Egypt's Ministry of Finance announced a 30.8% rise in tax revenues, equivalent to EGP 380.3 billion, during the first eight months of fiscal year 2025/2026, bringing totals to EGP 1.614 trillion from EGP 1.234 trillion a year earlier. The ministry attributed the growth to broad-based increases across most tax categories, fueled by business engagement and recent tax reforms.

Egypt repays $6.4bn in external debt service in Q1 2025/26

May 02, 2026 Reported by AI

The Central Bank of Egypt announced that the government repaid $6.442bn in external debt service during the first quarter of the 2025/2026 fiscal year. The total includes $2.078bn in interest payments and $4.363bn in principal repayments. This compares to $7.952bn in the same period of 2024/2025.

June 09, 2026 02:10