{"id":662572,"date":"2025-03-19T00:00:00","date_gmt":"2025-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/the-state-recorded-a-primary-surplus-of-egp-330-bn-in-8m-fy24-25\/"},"modified":"2025-03-19T00:00:00","modified_gmt":"2025-03-19T00:00:00","slug":"the-state-recorded-a-primary-surplus-of-egp-330-bn-in-8m-fy24-25","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/the-state-recorded-a-primary-surplus-of-egp-330-bn-in-8m-fy24-25\/","title":{"rendered":"The state recorded a primary surplus of EGP 330 bn in 8M FY24-25"},"content":{"rendered":"

Good morning, ladies a<\/strong>nd gentlemen.<\/strong> It appears the Ramadan news slowdown has taken a break for the day \u2014 we have a packed issue for you this morning led with news of upcoming amendments to the VAT Law, a hike to fuel prices, and fresh Indian investments as Investment Minister Hassan El Khatib continues to drum up investments during his official visit. <\/p>\n

So, when do we eat? <\/strong>Maghrib prayers are at 6:06pm in the capital, and you\u2019ll have until 4:32am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

PSA- <\/p>\n

WEATHER- <\/strong>After a few warm days, the temps are dropping once again. Cairo is in for a high of 24\u00b0C and a low of 12\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s a tad cooler in Alexandria<\/strong>, with a high of 20\u00b0C and a low of 12\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

DATA POINT-<\/p>\n

<\/a> How are we doing this fiscal year? <\/strong>The state recorded a primary surplus of EGP 330 bn in the eight months between July 2024 and February 2025, Finance Minister Ahmed Kouchouk said during a meeting<\/a> with Prime Minister Moustafa Madbouly. Kouchouk said that this is the highest surplus achieved during the period. Meanwhile, tax revenues rose 38.4% y-o-y during the eight months, marking its highest growth rate in years. <\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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CIRCLE YOUR CALENDAR- <\/p>\n

<\/a> You can no<\/strong>w apply to the Australian government\u2019s master\u2019s scholarship program <\/strong>Australia Awards. <\/strong>The scholarship program grants funding for citizens of certain African nations \u2014 including Egypt \u2014 to study climate change, agriculture and food security, mining and energy, foreign policy and international security, and gender, disability, and social inclusion. Applications are open until 30 April, and women, people with disabilities, and marginalized groups are encouraged to apply. You can find out more about the program here (pdf)<\/a> and apply through the Australia Awards website<\/a>.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

\n

THE BIG STORY ABROAD- <\/p>\n

One story is on every front page this morning: <\/strong>The anticipated phone call between US President Donald Trump and Russian President Vladimir Putin ended with Putin agreeing to halt strikes on Ukrainian energy and infrastructure facilities for 30 days. The discussion also touched on tensions in the Middle East, with the two sides saying they would make \u201cjoint efforts to stabilize the situation in crisis zones.\u201d Trump described the conversation as \u201ca very good and productive one,\u201d in a post on his social media platform Truth<\/a>. He said the two sides \u201cwill be working quickly to have a complete ceasefire and, ultimately, an end to this very horrible war.\u201d (Bloomberg<\/a> | Reuters<\/a> | Financial Times<\/a> | New York Times<\/a>)<\/p>\n

<\/a> ALSO MAKING HEADLINES- Gaza sees deadliest day in two months:<\/strong> Israeli airstrikes and shelling killed more than 400 Palestinians in Gaza yesterday, marking the deadliest day in the strip in over two months. The attacks marked the collapse of January\u2019s ceasefire agreement, dashing any immediate hopes of extending the truce into its second phase, originally set to begin this month. Israel vowed to escalate its military operations, with Prime Minister Benjamin Netanyahu\u2019s office saying it would act with \u201cincreased military strength.\u201d (BBC<\/a> | CNN<\/a> | New York Times<\/a> | AP<\/a>)<\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>We look at Mostakbal Misr\u2019s efforts to bolster food security and its plans to reclaim 4.5 mn feddans for agriculture by 2027. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, ladies and gentlemen. It appears the Ramadan news slowdown has taken a break for the day \u2014 we have a packed issue for you this morning led with news of upcoming amendments to the VAT Law, a hike to fuel prices, and fresh Indian investments as Investment Minister Hassan El Khatib continues to […]<\/p>\n","protected":false},"author":1,"featured_media":662573,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[279,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-budget-watch","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"91d45492-998d-4847-9127-546f0d48a65f","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/3\/790.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt recorded a primary surplus of EGP 330 bn in 8M FY24-25","related_issue":[662570],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.377f6e3e-0ccd-4f4e-ba9f-19b92f5e06e2.mp3"},"yoast_head":"\nThe state recorded a primary surplus of EGP 330 bn in 8M FY24-25 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/the-state-recorded-a-primary-surplus-of-egp-330-bn-in-8m-fy24-25\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The state recorded a primary surplus of EGP 330 bn in 8M FY24-25\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gentlemen. 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We hope you\u2019re basking in the last few hours before Ramadan and the caffeine withdrawal it brings to us all.REMINDER- Enterprise is taking tomorrow off. Our AM, PM and Climate editions will all be off tomorrow. We\u2019re going to recharge after delivering our new website and\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/food-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587047,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/21\/this-evening-afdb-to-provide-ins-coverage-for-green-panda-bonds-dawi-gets-fresh-investments-from-al-ahly-capital-eaef\/","url_meta":{"origin":662572,"position":1},"title":"THIS EVENING: AfDB to provide ins. coverage for green panda bonds + Dawi gets fresh investments from Al Ahly Capital, EAEF","author":"enterpriseam admin","date":"21 May 2023","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to what\u2019s shaping up to be a busy start to a fresh workweek. THE BIG STORIES TODAY #1- Panda bonds, but make them green: The African Development Bank (AfDB) has agreed to provide ins. coverage for USD 345 mn of our maiden USD 500\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/602.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583792,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/this-evening-infinity-power-closes-its-acquisition-of-100-of-lekela-power\/","url_meta":{"origin":662572,"position":2},"title":"THIS EVENING: Infinity Power closes its acquisition of 100% of Lekela Power +","author":"enterpriseam admin","date":"20 March 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen. We\u2019re officially in the final countdown to Ramadan, with reminders everywhere that we will soon part ways with our morning cup of coffee. Case in point\u2026PSA- The CBE just announced Ramadan working hours for banks: Bank employees will work from 9am-2pm, while customers will have\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552600,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/this-evening-govt-offering-investments-in-state-owned-hospitals-to-private-sector-b-investments-cites-legal-issues-in-tema-transfer-notice-for-totalenergies\/","url_meta":{"origin":662572,"position":3},"title":"THIS EVENING: Gov\u2019t offering investments in state-owned hospitals to private sector + B Investments cites \u201clegal issues\u201d in TEMA transfer notice for TotalEnergies","author":"enterpriseam admin","date":"15 September 2022","format":false,"excerpt":"Happy THURSDAY, friends. It\u2019s a much calmer end to the week than we had expected, judging by the newsflow over the past couple of weeks. THE BIG STORIES TODAY State-owned hospitals up for private sector grabs? The government is offering up investments to at least three state-owned hospitals to private\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561036,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/what-were-tracking-on-23-march-2021\/","url_meta":{"origin":662572,"position":4},"title":"What we\u2019re tracking on 23 March 2021","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"Good morning, friends, and welcome to Tuesday. It\u2019s a brisk news morning for you today, with news from across a wide spectrum of industries and a quiet day on the government affairs and regulation fronts. The two biggest stories of the day are out of the healthcare sector: Consumer healthcare\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630588,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/what-were-tracking-on-26-april-2018\/","url_meta":{"origin":662572,"position":5},"title":"What we\u2019re tracking on 26 April 2018","author":"enterpriseam admin","date":"26 April 2018","format":false,"excerpt":"Bad news on which to close the week: After rain and flooding Tuesday night and yesterday, the national weather service is warning that we can expect \u201cunstable weather\u201d to continue today in Cairo,with torrential rain forecast for some areas of country. Look for a high temperature of 30\u00b0C in Cairo\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1848.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=662572"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662572\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/662570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/662573"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=662572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=662572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=662572"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=662572"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=662572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}