Economic Ministerial Group Approves Updated State Ownership Policy

June 10, 2026

由 AI 报道

Prime Minister Mostafa Madbouly chaired the Economic Ministerial Group meeting in the New Administrative Capital to review the IMF reform programme, inflation and investment reforms.

Officials confirmed that all quantitative performance criteria for the IMF reform programme for March 2026 had been met. Targets achieved included primary surplus objectives, tax revenue goals and transfer of privatisation proceeds. Annual inflation declined to 13.0% in May 2026. Tourism revenues rose 14.9% year-on-year to approximately $14.4bn for the period July 2025 to March 2026. The group approved the revised State Ownership Policy Document after more than ten consultation meetings. The government plans to officially launch the updated policy before the end of June.

Egypt plans shift to cash subsidies and fuel price freeze by end of 2026

Egypt plans to shift from in-kind to cash subsidies by the end of 2026, Deputy Prime Minister for Economic Affairs Hussein Eissa announced on Tuesday. He spoke at the American Chamber of Commerce meeting in Cairo. Eissa also said fuel prices will not rise before the end of the 2026 fiscal year.

Egypt targets end-April deadline for 20 state firm listings

March 31, 2026 由 AI 报道

Assistant Prime Minister Hashem El-Sayed announced Egypt will temporarily list 10 state-owned companies on the stock exchange within two weeks, with the remaining 10 of a 20-firm batch by end-April 2026. The timeline came during a meeting chaired by Prime Minister Mostafa Madbouly. It aims to advance the government's offerings programme.

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Egypt's finance ministry intensifies outreach to international investors

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Government confirms plans to list four military firms on Egyptian exchange

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Planning minister chairs NIB board meeting on restructuring progress

Egypt's finance minister prioritises development financing and curbs commercial borrowing

Egypt's Finance Minister Ahmed Kouchouk said the government is working to reduce budget sector debt and the overall deficit while maintaining a primary surplus to lower debt servicing costs and create greater fiscal space for human development and social protection. He added that efforts are underway to diversify financing sources with a focus on development financing and the domestic market alongside a gradual reduction in reliance on commercial borrowing.

Madbouly reviews efforts to maximize utilization of military production companies

June 03, 2026 由 AI 报道

Prime Minister Mostafa Madbouly chaired a meeting on Wednesday to review efforts to maximize the use of companies affiliated with the Ministry of Military Production.

Madbouly chairs meeting to review Sinai development plans

Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to review executive plans for developing the Sinai Peninsula and boosting investments, as part of the government's strategy for balanced urban growth. Officials reported that 975 projects worth EGP 638 billion have been implemented since 2014. The efforts aim to drive economic growth and increase population density in the region.

June 09, 2026 02:10