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Egypt caps public investment to bolster fiscal stability

Egypt’s Government has announced a ceiling of EGP 1.16 trillion for public investments in the 2025/2026 fiscal year, which began on 1 July 2025. Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat made the announcement on Sunday, 28 September 2025, during a high-level meeting with World Bank Group officials. The move is part […]

The Central Bank of Libya dismissed “rumors” about its financial data

The Central Bank of Libya (CBL) has formally dismissed what it describes as erroneous information and speculative reports regarding its recently disclosed financial statements. In a statement issued on its official Facebook page on September 19, the CBL highlighted that the data on public revenues and expenditures were published in full compliance with transparency protocols […]

Egypt wavering over depreciation or depleting reserves

“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. According to the Investment Minister, “at this […]