{"id":686220,"date":"2026-02-05T00:00:00","date_gmt":"2026-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/05\/finmin-targets-egp-250-bn-in-fy-2026-2027-to-drive-industry-exports-and-tourism\/"},"modified":"2026-02-05T00:00:00","modified_gmt":"2026-02-05T00:00:00","slug":"finmin-targets-egp-250-bn-in-fy-2026-2027-to-drive-industry-exports-and-tourism","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/05\/finmin-targets-egp-250-bn-in-fy-2026-2027-to-drive-industry-exports-and-tourism\/","title":{"rendered":"FinMin targets EGP 250 bn in FY 2026-2027 to drive industry, exports, and tourism"},"content":{"rendered":"

Good afternoon, friends, and congratulations on making it to the weekend.<\/strong> It\u2019s been a busy week in the press \u2014 and today is no different. Abroad, the tech sell-off continues, and at home, industry and tourism are set for a boost in the FY 2026-2027 budget. Also in today\u2019s issue: we catch up on the latest season of Industry and dissect Egypt\u2019s booming gaming market.<\/p>\n

\n

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

\ud83d\udccdFinMin gives industry and tourism a boost: <\/strong>The Madbouly government is planning to allocate nearly EGP 250 bn in the FY 2026-2027 budget to fund financing initiatives targeting the industrial, export, and tourism sectors, a senior government official told EnterpriseAM. The final interest rate remains under review. The move supports the government\u2019s target of raising industry\u2019s GDP contribution to 20% by 2030 and meeting its USD 145 bn export goal.<\/p>\n

The details: <\/strong>The package is expected to be anchored by an expanded industrial financing program that could exceed EGP 100 bn, alongside the continuation of the EGP 50 bn tourism initiative and higher export subsidies, up from EGP 45 bn this fiscal year. <\/p>\n

The government is also studying the creation of a dedicated financing fund <\/strong>to coordinate disbursements between the CBE, the Finance Ministry, and the Industrial Development Authority. <\/p>\n

\n

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

\ud83c\udf10 All eyes are on global markets as the tech sell-off shows no signs of stopping amid fears of AI disruption. <\/strong>The past week saw losses of USD 1 tn \u2014 stocks, bonds, and loans of Silicon Valley companies suffered hundreds of bns of USD in losses in just the span of two days. Precious metals have also taken a hit, with silver plunging 17% this morning, canceling out a two-day rally. Gold also fell 3.5%, trading near USD 4.85k per ounce at the time of publication. <\/p>\n

^^Read more on Bloomberg here<\/a> and here<\/a>.<\/p>\n

ALSO MAKING HEADLINES- <\/strong>The Washington Post has laid off nearly one-third of its work force, effectively eliminating its sports section, book department, and scaling back on a slew of foreign bureaus and coverage desks. The move is being described by WP employees as one of the \u201cdarkest days\u201d in its history. <\/p>\n

^^Read more on the Washington Post<\/a>, AP News<\/a>, and the BBC<\/a>.<\/p>\n

AND- Alphabet shares were down this morning, dipping 2.6% premarket. <\/strong>This follows the tech giant\u2019s earnings release, which projected USD 175-185 bn in capex for 2026, beating analyst forecasts. A significant portion of this capex will go toward AI, raising concerns for investors.<\/p>\n

^^Read more on CNBC<\/a> and Reuters<\/a>.<\/p>\n

\n
\n
\n
\n

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

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n