Egyptian PM Confirms Plans to Reduce Public Debt

Egyptian Prime Minister Mostafa Madbouly stated that the government is working to reduce the public debt to unprecedented levels. This task is a key part of the country's economic strategy, aimed at ensuring sustainable growth and financial stability.

Egyptian Prime Minister Mostafa Madbouly confirmed that the government is working on reducing the public debt to levels not previously seen. He emphasized that this is one of the key tasks within the country's economic strategy. According to him, the implemented measures are aimed at ensuring sustainable economic growth and improving financial stability. The Prime Minister also added that the government places great importance on attracting investment and creating a favorable business climate to support the national economy.

Latest news

See all news

2026-01-27T13:13:12+00:00

US Dollar Suffers Sharp Loss Against Egyptian Pound

On Monday, the US dollar recorded significant and unexpected losses against the Egyptian pound in the foreign exchange market. This decline followed a period of short-lived and minor dollar gains. Analysts link this shift to new economic indicators that contributed to the strengthening of Egypt's national currency.

Economy Country

2026-01-25T13:08:48+00:00

Egypt and China Sign Agreement on Battery Cell Production

The Egyptian Cabinet's Media Center announced the signing of a strategic agreement between Egypt and China to localize the production of energy storage battery cells. This step aims to strengthen economic ties and develop the high-tech sector.

Economy Politics Country

2026-01-25T10:21:17+00:00

Egypt Cancels Customs Exemptions for Imported Phones

Head of Egyptian Customs confirms the cancellation of exemptions on imported phones, explaining it's a temporary measure to protect local industry and regulate the market, aimed at Egyptians abroad.

Economy Politics Country

2026-01-24T23:58:15+00:00

Growing Demand for Old Phones in Egypt for Gold Extraction

In Egypt, there is a growing demand for old and damaged mobile phones to extract gold from their components. Traders report rising prices for boards from broken devices, linking this to the rising cost of gold and the development of new recycling technologies. Chinese scientists have developed an innovative method that could change the industry.

Economy Events Country