Egypt's Minister of Finance, Ahmed Kouchouk, noted that manufacturing, tourism, and ICT sectors drove growth in the first quarter of the current fiscal year, with the economy expanding by 3.5 per cent compared to 2.4 per cent in the previous quarter. Kouchouk made these remarks at the Davos 2025 Forum, highlighting the diversity of the country's economy and the importance of enhancing its competitiveness, particularly in the industrial and export sectors. Egypt's fiscal policies bolster the resilience, stability, growth, and competitiveness of the economy in the face of regional and global challenges, according to the minister's remarks. He also reiterated the government's commitment to fiscal discipline, reducing debt, and improving debt indicators. Tax incentive packages aim to broaden the tax base, improve the business environment for startups, and build trust with taxpayers. These efforts are to promote public-private partnerships for a sustainable future. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
