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Financials and Investment News in Egypt

Mohamed Orabi Underlines Importance of Saudi King’s Visit to Egypt
4/3/2016 - Former foreign minister Mohamed Orabi said the coming visit of Saudi King Salman ben Abdulaziz to Egypt will be very important.

In press statements on Saturday, Orabi said the visit will be a...
Sisi, Mauritanian Counterpart Attend Signing of 6 Agreements
4/4/2016 - President Abdel Fattah El Sisi and his Mauritanian counterpart Mohamed Ould Abdel Aziz attended a ceremony of signing six cooperation agreements following their talks in Cairo.

The agreements...
Dalia Khorshid Welcomes Saudi King’s Cairo Visit
4/4/2016 - Investment Minister Dalia Khorshid welcomed Saudi King Salman bin Abdulaziz’s visit of Cairo, which starts within days, and praised the king’s supportive stances toward Egypt’s government and people.<...
Tarek el-Mula Stresses Importance of Developing Natural Gas Grid
4/4/2016 - Petroleum and Mineral Resources Minister Tarek el-Mula underlined the importance of raising the efficiency and developing national grid of natural gas to support the economic development plans.
Sherif Ismail Headed Ministerial Economic Commission Meeting
4/4/2016 - The economic ministerial Committee held its meeting headed by engineer Sherif Ismail, chairman of the Council of Ministers, with the presence of the governor of the central bank, Ministers: planning, ...
Sherif Ismail : Gov’t Keen on Restructuring Tax System
4/5/2016 - Prime Minister Sharif Ismail said that the government is keen on restructuring the tax system from all legislative and administrative aspects.

The remarks were made during a Cabinet meeting t...
Egypt:3 MOUs Inked to Fund Small Enterprises at 5% Benefit
Egypt:3 MOUs Inked to Fund Small Enterprises at 5% Benefit 4/5/2016 - International Cooperation Minister Sahar Nassr witnessed the signing ceremony of three memoranda of understandings.

Two of the memos were between Social Fund for Development and New Valley go...
Egypt to sign financial agreements with Saudi Arabia worth $22bln
4/5/2016 - Egypt will sign the final version of four funding accords with Saudi Arabia worth roughly $22 billion, to come into effect as of Friday, during King Salman's first official visit to Cairo, official so...
Sherif Ismail Inaugurate Conference of Sustainable Development 2030
4/6/2016 - PM Sherif Ismail attended the proceedings of the opening session of the Ministerial Conference on the implementation of the development agenda of sustainable development 2030 in the Arab States - the ...
40 Ships Transit Suez Canal
4/6/2016 - Forty ships transited the Suez Canal with a total cargo of 2, 3 million tons.

The south-bound convoy included 20 vessels carrying 1,2 million tons, while the north-bound convoy included 20 sh...
Egypt, AFESD Sign KWD 110m Agreements
4/6/2016 - International Cooperation Minister Sahar Nasr signed two agreements with the Arab Fund for Economic and Social Development (AFESD) to finance projects worth KWD 110 million in the fields of agricultur...
Egypt Bans Domestic Trading of Imported Wheat
4/6/2016 - Egypt has banned the trading of imported wheat inside the country, Supply Minister Khaled Hanafi said, a move which could reduce smuggling of the grain that cost the country hundreds of millions of do...
Dalia Khorshid: Issues facing Saudi Businessmen Solved
4/7/2016 - Investment Minister Dalia Khorshid said that the government managed to solve most of the problems facing Saudi businessmen working in Egypt.

During a meeting with the Saudi-Egyptian Business ...
Initiative of African Trade Diplomats Accredited in Cairo Launched
4/7/2016 - Plenipotentiary Minister and Head of Commercial Representation Offices Ali el Leithy announced the launch of an initiative of African trade diplomats accredited in Cairo.

The initiative comes...
Egypt, Saudi Arabia Plan 10 Joint Businesses with EGP 36 bn
4/7/2016 - Ten new Saudi-Egyptian companies will be established at planned investments of EGP 36 bn, said a senior official at the joint business council.

Egyptian and Saudi investors can participate i...
Egyptian, Saudi Leaders Hold Extensive Talks over Bilateral Ties
4/8/2016 - Egyptian President Abdelfatah Al-Sisi and visiting Saudi King Salman bin Abdulaziz Al-Saud held Friday an extensive meeting attended by senior officials from both countries to discuss future prospects...
No More 'free' Saudi Money for Egypt: Saudi Businessman
4/8/2016 - Saudi Arabia's financial support for strategic ally Egypt will no longer involve "free money" and will increasingly take the form of loans that provide returns to help it grapple with low oil prices, ...
Mahlab Urges Precise Strategy for Waste Recycling
4/9/2016 - Presidential Assistant for national and strategic projects Ibrahim Mahlab confirmed the need for a precise strategy for recycling solid waste through integration between the government, business secto...
Saudi-Egyptian Business Opportunities Forum Kicks off in Cairo
4/9/2016 - The Saudi-Egyptian Business Opportunities Forum, which is organized by the Saudi Ministry of Commerce and Industry, has kicked off in Cairo, Saudi Press Agency reported.

The forum aims to rev...
Establishing Egypt-Saudi Arabia Bridge is High-Level Political Decision
4/9/2016 - Transportation Minister Galal Mostafa described the signing of an agreement to establish a bridge connecting Egypt and Saudi Arabia as a high-level political decision.

In statements , the min...

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