Egypt expects to sign agreement on EU financing later in year

Egypt expects to sign agreement on EU financing later in year

Egypt is expected to sign a memorandum of understanding with the European Union on previously agreed financing worth 4 billion euros ($4.3 billion) in the second half of the year, Planning Minister Rania al-Mashat said on Wednesday. The financing is part of a 7.4 billion euro funding package agreed between Egypt and the EU in March last year, as European states sought to shore up Egypt's economy and limit future migration across the Mediterranea…

Fathi Al-Sayeh wrote that President Abdel Fattah El-Sisi received today Mr. Julius Mada Bio, President of the Republic of Sierra Leone, in the framework of strengthening bilateral relations between the two countries and consulting on regional and continental issues of common concern. This visit comes in the context of the distinguished relations between Egypt and Sierra Leone. The two sides will discuss ways to promote cooperation in various fie…

'No one can harm Egypt' - Egyptian Gazette

President Abdel Fattah El Sisi’s recent message to the Egyptian people was one of unity, resilience, and hope. At a time of economic and geopolitical challenges, his words serve as a powerful reminder of the enduring strength of the Egyptian nation. Addressing the audience during the Ministry of Endowments’ celebration of Laylat al-Qadr at the New Administrative Capital’s Arts and Culture City, the president underscored the nation’s ability to w…

Egypt to Secure €4 Billion from EU Financing Package: Mashat - Top 50 Women Forum

In a recent press conference, Planning Minister Dr. Rania Al-Mashat announced that Egypt is progressing towards signing a memorandum of understanding with the European Union in the latter half of this year. This agreement will secure €4 billion of the €7.4 billion financing package agreed upon in March of the previous year

Egypt announces three more fuel price hikes by end of 2025 - Egypt Independent

Egyptian Prime Minister Mostafa Madbouly announced that the government will continue implementing its plan to gradually lift fuel subsidies until the end of 2025. During a Wednesday press conference at the Cabinet headquarters in the New Administrative Capital, Madbouly denied any intention by the government to eliminate the remaining subsidies in one go. He pointed out that the government has adhered to its previous commitments and that the per…

Egypt Approves 2025/26 Draft Budget ... with Increase in Revenues, Expenditures

The Egyptian Cabinet approved the draft budget for the new fiscal year 2025/26, which targets revenues of EGP 3.1 trillion, an increase of 19%, compared to expenditures of EGP 4.6 trillion, an increase of 18%.