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Financials and Investment News in Egypt

Egyptian, Saudi Water Ministers Review Cooperation Deal
4/9/2016 - Egyptian Minister of Water Resources and Irrigation Mohamed Abdel Aati convened on Saturday with Saudi Minister of Water and Electricity Abdallah bin Abd al Rahman al Husayn to review a draft cooperat...
Egypt, Saudi Arabia Mulls Boosting Media Cooperation
4/10/2016 - ?Egypt and Saudi Arabia on 9/4/2016 discussed ways to boost media cooperation within a plan to activate a program for radio and television cooperation.

Head of the Egyptian Radio and Televi...
Egypt, Saudi Sign a Number of Agreements
4/10/2016 - Egypt and Saudi Arabia signed a number of additional agreements worth SAR 60 billion (USD 15.9 billion) including a joint-Saudi-Egyptian investment fund and a free trade zone to develop Egypt's Sinai....
Total Value of Pacts Signed with Saudi Arabia Reaches $25bn
4/11/2016 - The total value of agreements signed during the visit of Saudi King Salman bin Abdulaziz al Saud to Egypt reached about 25 billion dollars, announced International Cooperation Minister Sahar Nasr.
...
Sahar Nasr Heads to Washington for IMF/WB Meetings
4/11/2016 - International Cooperation Minister Sahar Nasr headed for Dubai en route to Washington to join the Egyptian delegation taking part in the spring meetings of the International Monetary Fund (IMF) and th...
Sisi, Togolese President Attend Signing Ceremony of 5 Cooperation Deals
4/11/2016 - President Abdel Fattah El Sisi and his Togolese counterpart Faure Gnassingbe attended the signing ceremony of a protocol and four programs on joint cooperation.

The signing ceremony was held ...
Sherif Ismail Probes Agriculture Projects with UAE Investors
4/12/2016 - Prime Minister Sherif Ismail received officials of the UAE agricultural development company Al Dhahera with the investment and agriculture ministers attending.

The prime minister said the mee...
Egypt to Allocate Industrial Lands to Investors for Free
4/12/2016 - Pieces of land in some of Egypt’s industrial zones can now be allocated gratis to investors according to a new presidential decree, which was published in the state’s official gazette.

Decree...
Egypt Has Huge Investment Opportunities
4/13/2016 - A senior German economy official said. Investors from the German state of Bavaria see huge investment opportunities in Egypt and a possibility to export Egyptian product to Germany.

Egypt is ...
Sahar Nasr Meets UN Officials at Beginning of Visit to US
4/13/2016 - Minister of International Cooperation Sahar Nasr held several meetings with UN officials in New York at the beginning of her visit to the US before heading for Washington to lead Egypt’s delegation in...
World Bank to Provide Egypt with First US$1 bln of $3 bln Loan
4/13/2016 - The World Bank will provide the first US$1 billion tranche of a $3 billion loan to Egypt after parliament approves the government's economic programme, World Bank vice president Hafez Ghanem said at a...
Sherif Ismail: Urgent Measures for Agriculture of Cotton Industry
4/13/2016 - PM Sherif Ismail held a meeting to review the final report for the committee concerned with the development of Egyptian cotton which is tasked with the elaboration of proposals and solutions that woul...
Agadir Member States Sign MoU on E-exchange of Customs Information
4/14/2016 - The member States to Agadir Agreement (Egypt, Morocco, Tunisia and Jordan) signed a Memo of Understanding (MoU) on the electronic exchange of information between their customs authorities.

Th...
Sahar Nasr in Talks in Washington with Financing Institutions
4/14/2016 - International Cooperation Minister Sahar Nasr held talks with representatives of a number of international financing institutions, including the World Bank, the USAID and JICA, over the projects they ...
Sisi Approves Grant Deal with French Development Agency
4/14/2016 - President Abdel Fattah El Sisi issued a decree approving a 15-million-euro grant agreement between the Egyptian government and the French Development Agency.

The grant deal, signed on Octob...
Egypt: Cabinet Discusses Number of Political, Economic, Social, Security Issues
4/14/2016 - Cabinet, led by Prime Minister Sherif Ismail, held its weekly meeting to discuss a number of political, economic, social and security issues.

The ministers will also discuss a number of rep...
Egypt Facing Economic Challenges that Can be Addressed
Egypt Facing Economic Challenges that Can be Addressed 4/16/2016 - Egypt is currently facing economic challenges that can be addressed through abiding by the suitable policies, said Advisor at the International Monetary Fund's Middle East and Central Asia Department ...
Egypt: Representatives of International Institutions Visit SCZone
Egypt: Representatives of International Institutions Visit SCZone 4/16/2016 - Representatives of Arab and foreign institutions paid a visit Friday to the Suez Canal Economic Zone (SCZone) to get acquainted with the nature of the region and investment opportunities.

In ...
Egypt: 235 New Industrial Projects at EGP 3.6 Billion in March
Egypt: 235 New Industrial Projects at EGP 3.6 Billion in March 4/16/2016 - The Industrial Development Authority (IDA) approved during March 2016 establishing 235 new industrial projects at EGP 3.6 billion investments.

These projects would secure 10,000 jobs, accordi...
Kabil, Mitsubishi Global President Review Establishing Projects in Egypt
Kabil, Mitsubishi Global President Review Establishing Projects in Egypt 4/17/2016 - Trade Minister Tarek Kabil had talks on Saturday with global CEO and President of Mitsubishi Takato Nishizawa and his accompanying delegation on means of establishing projects in Egypt, especially in ...

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