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Financials and Investment News in Egypt

Egypt's Sisi inaugurates MOPCO fertiliser plant expansion
5/22/2016 - President Abdel Fattah El Sisi inaugurated the new expansion of MOPCO fertilizers factory in the petrochemicals complex at Dameitta governorate.

Sisi listened to a detailed explanation about...
Sherif Ismail Met with the Abu Bakr Al-Gendi
Sherif Ismail Met with the Abu Bakr Al-Gendi 5/23/2016 - PM Sherif Ismail confirmed the government’s keenness and intention to present the basic goods with reasonable prices, through the constant follow-up of markets, especially that the month of holy Ramad...
1,531 Tourists Arrive at Sharm el Sheikh
5/23/2016 - Sharm El Sheikh International Airport received as many as 28 flights, including 14 international flights carrying 1,531 tourists and 14 domestic ones with 1,054 tourists on board.

According t...
Egypt Wins Most Famous Tourist Destination Award in Shanghai
5/23/2016 - Egypt has won the award for "most famous tourist destination" at the 2016 World Travel Fair, which concluded on Sunday in the Chinese city of Shanghai.

Egypt’s Travel Advisor to China, Abul M...
Egypt: Sustainable Development Plan Basis for Government Program
5/23/2016 - Planning Minister Ashraf el Araby asserted that the sustainable development plan for the 2016/2017 fiscal year is the basis for implementing the government program until 2018.

Speaking before...
18,3% Increase in Production Index of Manufacturing, Extractive Industries
5/23/2016 - The production index of manufacturing and extractive industries, without crude oil and petroleum products, reached 133.24 in March (primary), an increase of 18.3% compared to112.66 (final) in February...
German-Arab Trade Chamber CEO Hails Glass Industry in Egypt
5/24/2016 - German-Arab Chamber for Trade and Industry CEO Rainer Herret has asserted that Egypt has a successful glass industry, urging Egyptian companies to partake in an international glass trade fair to be he...
Sherif Ismail witnesses signing MoU between Egypt, Austria
5/24/2016 - Prime Minister Sherif Ismail witnessed the signing of a Memorandum of Understanding (MoU) between the Egyptian and Austrian ministries of environment on the management on solid wastes.

Minist...
Egypt :Ministerial Committee Discusses Developing Steel Company
Egypt :Ministerial Committee Discusses Developing Steel Company 5/24/2016 - A ministerial economic committee reviewed, in its meeting under Prime Minister Sherif Ismail, current offers to develop the Egyptian Iron and Steel Company.

The public business sector ministe...
Mohamed Abdel Aati Meets EIB Delegation
Mohamed Abdel Aati Meets EIB Delegation 5/25/2016 - Minister of Water Resources and Irrigation Mohamed Abdel Aati met a delegation of the European Investment Bank (EIB) to discuss pre-fiscal studies on a project of treating water in Kutchner drain whic...
Egypt Seeks Genuine Partnership with African Countries
5/25/2016 - Egypt's International Cooperation Minister Sahar Nasr said Cairo adopts comprehensive developmental program which is approved and monitored by its House of Representatives.

Nasr is chairin...
Egypt: Cabinet Reveals Plans to Tap into Unused Public Sector Assets
5/25/2016 - In an effort to tap into unused public sector assets, Prime Minister Sherif Ismail held a meeting over plans to establish a Sovereign Wealth Fund.

A collection of finance ministry staff, expe...
CBE to Reprint 1LE Banknote to be Introduced by Ramadan
5/25/2016 - The Central Bank of Egypt (CBE) is to print LE 500 million of one pound banknotes by the beginning of Ramadan, say prominent banking sources.

The sources have said that CBE never stopped trad...
Darwish Meets British Transport Minister in London
Darwish Meets British Transport Minister in London 5/26/2016 - Suez Canal Economic Zone Authority Chairman Ahmed Darwish met with British Transport Minister Robert Goodwill.

Goodwill hailed the project of the new Suez Canal that was carried out in les...
Egypt, AfDB Sign Grant Agreements
5/26/2016 - Egypt's International Cooperation Minister Sahar Nasr signed two grant agreements with African Development Bank Vice President Janvier Litse.

The grants are in the fields of agriculture an...
Egypt's Cabinet Approves $2.5 bln Grant from Saudi Arabia
5/27/2016 - Egypt's cabinet approved a $2.5 billion grant from Saudi Arabia, which was initially signed during King Salman Bin Abdel-Aziz's visit to Cairo on 10 April.

Egypt and Saudi Arabia signed final...
Egypt Approves Saudi Arabia Cooperation Agreement on Nuclear Power
5/27/2016 - Egypt's cabinet approved a deal with Saudi Arabia regarding peaceful cooperation on nuclear power, according to a cabinet press release.

The deal was initially signed on 8 April during a visi...
Egypt, Cameron Sign MoU on Developing Small Enterprises
Egypt, Cameron Sign MoU on Developing Small Enterprises 5/28/2016 - Egypt's Trade and Industry Minister Eng. Tarek Qabil and Cameron's Minister of Small and Medium Enterprises, Social Economy and Handicrafts Laurent Serge, who is currently visiting Egypt, signed a 5-y...
Egypt, EBRD Discuss Investment Opportunities
Egypt, EBRD Discuss Investment Opportunities 5/28/2016 - Suez Canal Economic Zone Authority Chairman Ahmed Darwish met in London with senior officials at the European Bank for Reconstruction and Development (EBRD).

During the meeting, Darwish pro...
Egypt:EGP172bn Worth of Investments Achieved in 2015-16 FY
5/29/2016 - Planning Minister Ashraf el-Araby said that investment projects carried out in Egypt in the first half of 2015/16 Fiscal Year (FY) hit 172 billion pounds compared to 142 billion pounds in the same per...

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