Finance Minister Praises Private Sector in Egypt

Egyptian Finance Minister Ahmed Kajjouk expressed pride in the performance of both the local and foreign private sectors in Egypt, emphasizing that they have returned to dominate the economic scene through strong growth in investments. He pointed to improvements in financial performance indicators, an increase in tax revenues resulting from heightened economic activity and the implementation of facilitation packages, while maintaining a primary surplus and reducing the overall deficit. He also confirmed that Egypt's international reserves reached $53 billion in April 2026, that inflation is declining, and that Egypt achieved tourism revenues of $10.2 billion in the first half of the year, marking a 22% increase.

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