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Financials and Investment News in Egypt

Europeans to Cut Down Debt of North African Countries
2/25/2012 - The French newspaper "Le Parisien" said the European governments plan to issue some decisions during the European summit slated for March to reduce debts of North African countries including Egypt.
Electricity Ministry Seeks Producing 58,000 Mgawatts
2/25/2012 - The electricity sector has finalized a new strategy that will continue until 2030 to provide and secure the growing increase in power consumption and loads during the next 20 years, including potentia...
L.E. 10 Million Project to Produce Paints
2/25/2012 -  L.E. 10 million projects to produce paints under environment friendly technologies got license from the Ministry of State for Environment Affairs. This was announced by Minister Dr. Eng. Mostafa Hus...
Garments Exports in 2012
2/26/2012 - Garments exports in 2012 are projected to increase by 15% to reach $ 2.2 billion, about L.E. 13 billion, above their level in 2011. This was announced by Mr. Mohamed Kassem, Head of the Garments Expor...
L.E. 350 million Project to Produce Pharmaceutical Glass
2/26/2012 - Arab Company for Pharmaceutical Glass, affiliated to the Pan Arab Acdima Co., has announced the completion of a L.E. 350 million project to produce high quality pharmaceutical glass containers. This w...
Egypt & Libya Sign Pact to Protect Labor Rights
2/26/2012 - Egypt's trade unions bloc signed an agreement with its Libyan counterpart to protect the rights of Egyptian labor in Libya. Under the accord, the Libya trade unions federation will be sole supervisor ...
SIS Chairman Praises Bilateral Cooperation with Kuwait
2/26/2012 - Chairman of the State Information Service (SIS) Ambassador Ismail Khairat asserted that the Kuwaiti, Arab and foreign investments in Egypt are safe and there are no fears about them, referring to the ...
$10 Billions Get out Legally in Egypt
2/28/2012 - Officials of the Central Bank of Egypt (CBE) revealed the method by which the 10 billion dollars get out of Egypt after January 25th revolution. This came after the statement of Prime Minister Kamal e...
LE 7.7 Billion Subsidized Loans to Farmers
2/28/2012 - Pursuant to the announcement of Prime Minister Kamal Ganzouri in his statement before the People's Assembly for achieving social justice, raising burdens on citizens and advancement of the institution...
Washington Wants Deep Relations with Egypt
2/28/2012 - US State Department confirmed its desire to establish deep relationships with the new democratic government in Egypt. This came in a press statement by the State Department after a meeting between Ass...
PM to Announce Formation of Sinai Development Agency
2/29/2012 - Prime Minister Kamal el-Ganzouri held a meeting on 28/2/2012 at his office to follow up measures taken to achieve overall development in the Sinai Peninsula. The meeting took up the role of the Sinai ...
GAFI Ends 42 Cases of a Dispute with Investors
2/29/2012 - Osama Saleh, Chairman of the General Authority for Investment and Free Zones, declared that the “Committee of Settlement of Investment Disputes” at “GAFI” took a decision in the disputes of 42 cases w...
Orascom Wins a $363 Mln Contract in Iraq
2/29/2012 - “Orascom Construction and Industries” company said that the Iraqi Council of Ministers has agreed to grant a contract worth $ 363 million for the establishment of a power station, "Peggy soft" with c...
$2 Bln Investments between Egypt and Ethiopia
2/29/2012 - Ayman Issa, President of the Egyptian Ethiopian Business Council, said that the volume of existing investments between Egypt and Ethiopia reached two billion dollars, while the volume of trade exchang...
Dr. Kamal Al-Ganzoury Held Meeting on Damietta
3/1/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting on Damietta Containers, in attendance of Ministers of Planning and International Cooperation, General Secretary of the Cabinet of Ministers, Head of...
Egypt FM to Visit China on 21 March
3/1/2012 - Egyptian Foreign Minister Mohamed Amr received a telephone call from his Chinese counterpart Yang Jiechi on 29/2/2012 night. The contact dealt with a number of issues of mutual concern.Official spokes...
Infrastructure Projects in 12 Governorates Implemented
3/1/2012 - Prime Minister Kamal al-Ganzouri on 29/2/2012 witnessed signing of labor operations program contracts between Social Fund for Development (SFD) and 12 governorates to implement infrastructure projects...
Dr. Kamal Al-Ganzoury Received Hamdy Abdel Aziz
3/2/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, received Board Chairman of the Engineering Industries Chamber, Hamdy Abdel Aziz, affiliating the Egyptian Industries Federation, and Head of the Engineering Indu...
Saudi aid to Egypt is an Issue of Special Importance
3/2/2012 - Finance Minister Momtaz Al-Saeed affirmed that the proposed Saudi aid package to Egypt is regarded by the government as an "issue of special importance". Egypt highly appreciates the supportive stanc...
Al-Ganzoury Discussing Problems of Investment
3/3/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting dispute settlement of investments contracts. The meeting reviewed results of the committee recently on settling problem of Al-Futtiam, DAMAC and the...

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