Ministry of Finance revised its projection for the budget's overall deficit to 6.9% of GDP up from 6.7% in FY21/22

Minister of Finance said that the budget's primary balance recorded a surplus of EGP3.2 billion in 1HFY2021/22, on the back on a 16% YoY growth in tax revenues

Non-oil exports rose 26% YoY to hit a record USD32 billion in 2021

Cabinet gave the green light to the first international issuance of sovereign sukuk in 1H2022

Foreign direct investments in new and renewable energy projects rose to USD3.5 billion during 2021 (2x)

The Tax Authority requested EGX investors to pay a capital gains tax settlement difference of 9% for FY2014/15 (1% was deducted back then until the final tax rate was determined at 10%)

OCDI’s new Board of Directors approved the appointment of Talal Al Dhiyebi, Aldar CEO, as Non-Executive Chairman of the Board

The Stock Exchange Listing Committee agreed to proceed with the delisting of the shares of National Bank of Kuwait - Egypt, at EGP20.03 per share