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Financials and Investment News in Egypt

Egypt: Agriculture Ministry Delegation Visits Eritrea to Boost Cooperation
Egypt: Agriculture Ministry Delegation Visits Eritrea to Boost Cooperation 5/9/2016 - The Egyptian Embassy in Asmara received an Egyptian delegation from the Agriculture Ministry.

In a press release, the Foreign Ministry said the delegation met with Eritrean Agriculture Minist...
Sherif Ismail Inspects Al Ruwai at Al Attaba After the Fire Disaster
 Sherif Ismail Inspects Al Ruwai at Al Attaba After the Fire Disaster 5/9/2016 - PM Sherif Ismail, visited Al-Ruwai area to be reassured about the actions taken to deal with the accident.

After touring the region to follow up on the procedures, the prime minister asked to...
Orascom Wins €270 mln Contracts for Egypt Metro Line
Orascom Wins €270 mln Contracts for Egypt Metro Line 5/9/2016 - Global contractor Orascom Constructions Limited (OC) obtained two contracts worth €270 million in the development of the third phase of Cairo's third metro line, the company said.

The dually ...
Egypt: Trade Deficit Reduced by US$1.1 bn in January 2016
5/10/2016 - The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's trade deficit was reduced by US$ 1.1 billion during the year 2015.

CAPMAS added in its monthly bullet...
Sahar Nasr Chairs Meeting with UN Mission
Sahar Nasr Chairs Meeting with UN Mission 5/10/2016 - Minister of International Cooperation Sahar Nasr chaired 6 a meeting of the national committee on following up the implementation of the UN sustainable development goals held at the ministry headquart...
Egypt's Suez Canal Dollar Revenues Fall for 3rd Consecutive Month
Egypt's Suez Canal Dollar Revenues Fall for 3rd Consecutive Month 5/10/2016 - Egypt's Suez Canal revenues recorded EGP 3.48 billion ($396.4 million) in March, according to official figures published by the Suez Canal Authority.

In US dollars, the figure represents a 1....
EBRD Plans to Boost Cooperation with Egypt
EBRD Plans to Boost Cooperation with Egypt 5/11/2016 - President of the European Bank for Reconstruction and Development (EBRD)Sir Suma Chakrabarti said the bank plans to boost cooperation with Egypt in the coming period after approving it as a fully oper...
Egypt Buys 1.8 mln tonnes of Domestic Wheat Since Mid April 2016
Egypt Buys 1.8 mln tonnes of Domestic Wheat Since Mid April 2016 5/11/2016 - Egypt's government has purchased 1.8 million tonnes of domestic wheat, almost half its target of 4 million tonnes, for the three-month harvest season starting mid-April, a cabinet statement said.
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Egypt Signs $250 mln MoU with EBRD to Develop Heliopolis Tram
5/11/2016 - Egypt signed a memorandum of understanding with the European Bank for Reconstruction and Development to fund the development of Heliopolis tram, the bank said in a statement.

The EBRD will pr...
Egypt Takes Positive Steps Towards Sustainable Agricultural Development
5/12/2016 - Egypt takes positive steps towards the attainment of a sustainable agricultural development through increasing productivity and taking advantage of new technological applications, Agriculture Minister...
Egypt: CCC, AHCCD Ink Protocol to Increase Trade Exchange
5/12/2016 - The Cairo Chamber of Commerce (CCC) and Arab-Hellenic Chamber of Commerce and Development (AHCCD) inked a protocol to increase trade exchange and open new horizons in the Greek and Egyptian markets.
GSR’s 16th Session Kicks off in Sharm El Sheikh
5/12/2016 - The 16th session of the Global Symposium for Regulators (GSR) kicked off here under the auspices of President Abdel Fattah El Sisi.

The opening session was attended by Egypt's Minister of Com...
Tarek Qabeel: Egypt Seeks New Auto Industry Strategy
Tarek Qabeel: Egypt Seeks New Auto Industry Strategy 5/13/2016 - Egypt seeks a new strategy for the automotive industry with a view to reaching full manufacturing instead of the current assembly, said Industry and Trade Minister Tarek Qabeel.

"There are se...
Return of Direct Flights to Egypt Would Boost Tourism
Return of Direct Flights to Egypt Would Boost Tourism 5/13/2016 - The return of regular, direct flights to Egypt from countries that have halted such flights would help boost the country's ailing tourism sector, Tourism Minister Yehia Rashed said.

Commentin...
Pact Signed between Cairo, Casablanca Chambers
5/14/2016 - Cairo and Casablanca chambers of commerce signed a cooperation protocol to increase the volume of trade exchange between the two countries during the current visit of the Egyptian delegation to Morocc...
Egypt: Providing Basic Commodities at Low Prices in Ramadan
Egypt: Providing Basic Commodities at Low Prices in Ramadan 5/14/2016 - Prime Minister Sherif Ismail chaired a Cabinet meeting to review the situation of basic goods and measures taken to regulate the markets ahead of the holy fasting month of Ramadan.

The minist...
Standard and Poor Revises Egypt Outlook to Negative
Standard and Poor Revises Egypt Outlook to Negative 5/14/2016 - The Standard and Poor's ratings agency said it has downgraded the outlook on Egypt's long-term sovereign credit to negative from stable because of "external and fiscal difficulties".

"The neg...
Sherif Ismail Met with the Director of the Coordinating Office of the UAE's Development Projects
Sherif Ismail Met with the Director of the Coordinating Office of the UAE's Development Projects 5/15/2016 - Engineer Sherif Ismail, chairman of the Council of Ministers, met the of the communication ministry's Ali Saif al-Adel, the director of the operations room of the Coordinating Office for the developme...
Egypt: Economic Reform Key to Improve Egypt’s Credit Rating
Egypt: Economic Reform Key to Improve Egypt’s Credit Rating 5/16/2016 - Egypt's credit rating could improve through applying reform and making progress in the financial and economic reform program, the government announced.

The reform measures could also help att...
Mohamed Abdel Aati Inspects New Assuit Barrage
Mohamed Abdel Aati Inspects New Assuit Barrage 5/16/2016 - Minister of Water Resources and Irrigation Mohamed Abdel Aati inspected the new Assuit barrage and warned from any potential encroachment on the lands around the Nile River.

Accompanied by As...

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