Egypt allocates $925mln for exports under FY2025/26 budget
This aligns with the state's efforts and initiatives to support exporters. This includes the 'Instant Cash Payment' initiative, which benefited approximately 3,000 exporting companies, with a total value of EGP 70 billion.
Kouchouk and Prime Minister Mostafa Madbouly followed up on the latest developments of disbursing overdue export subsidies.
He noted that the ministry is scheduled to pay EGP 5 billion to 2,000 exporters on August 7th, under the export subsidy program.
Exporters will receive 50% of their overdue dues in cash from the Export Development Fund for shipments until the end of June 2024. They can send their requests during the period between August 17th and September 4th.
© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).
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