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Financials and Investment News in Egypt

Sherif Ismail Discuss Means to Develop Poultry Industry
6/8/2016 - Prime Minister Sherif Ismail conferred with ministers of supply, trade and agriculture to discuss ways of developing the poultry industry.

During the gathering, attended by representatives of...
Egypt Signs EGP 6 bln Contract to Resume Construction of 3rd metro line
6/8/2016 - Egypt’s government signed a contract with two prominent construction companies to resume the fourth phase of the Cairo metro’s third line, state news agency MENA reported, citing transportation minist...
Sherif Ismail Attends Signing of Contract for 4th Metro Line
6/9/2016 - Prime Minister Sherif Ismail witnessed the signing of a 5.9-billion-pound contract to complete the construction of the fourth phase of the third metro line in Cairo.

Today contract, to be tot...
Egypt: Net foreign Direct Investments hit $ 5.6bn during 9 months of 2015/2016
Egypt: Net foreign Direct Investments hit $ 5.6bn during 9 months of 2015/2016 6/10/2016 - The net foreign direct investments hit 5.6 billion dollars during the first nine months of the 2015-2016 fiscal year, the Central Bank of Egypt (CBE) said.

The total direct foreign investment...
Egypt's govt buys 4.8 million tonnes of domestic wheat
6/10/2016 - Egypt's government has purchased 4.8 million tonnes of domestic wheat since the harvest season’s beginning in mid-April, the agriculture ministry said in an emailed statement.

Although the go...
Mahlab Says to Keep Investments on seized state-owned lands
6/11/2016 - Presidential Assistant for National and Strategic Projects Ibrahim Mahlab said on Friday that the government will keep projects established on seized state-owned lands.

Mahlab, who chairs the...
Egypt: Meeting about Develop the Suez Canal Zone
Egypt: Meeting about Develop the Suez Canal Zone 6/13/2016 - Engineer Sherif Ismail, chairman of the Council of Ministers held a follow-up meeting of rates of implementation of projects, attracting investments for the development of the Suez Canal Zone, and to...
Dalia Khorshid , North Sinai Governor to Follow up Investment Projects
Dalia Khorshid , North Sinai Governor to Follow up Investment Projects 6/13/2016 - North Sinai Governor Abdel Fattah Harhour has met Investment Minister Dalia Khorshid for talks on promoting the establishment of investment projects in the industrial zones of the governorate.

...
Sisi Urges Continued Efforts in Carrying out Social Housing Projects
Sisi Urges Continued Efforts in Carrying out Social Housing Projects 6/14/2016 - President Abdel Fattah El Sisi asserted the importance of continuing the establishment of social housing projects in order to eliminate slums and to provide appropriate housing for Egyptians.

...
Egyptian Cotton in Peril as Exports Slide
6/14/2016 - Exports of world-famous Egyptian cotton have dropped sharply as years of neglect and recent government spending cuts have taken their toll.

Exports dropped by almost a quarter in the first ha...
Egypt S. Korea Sign Deal on Cooperation in SMEs Field
6/19/2016 - International Cooperation Minister Sahar Nasr signed an agreement on cooperation with South Korea in the domain of small and medium sized enterprises (SMEs).

The move came at the sidelines ...
Sisi, General Electric CEO Meet on Projects in Egypt
6/19/2016 - President Abdel Fattah El Sisi met on 18/6/2016 with General Electric Company CEO Jeffrey R. Immelt.

Minister of Electricity and Renewable Energy Mohamed Shaker and Minister of Transport Ga...
CBE Auctions 9.5bn pounds in Treasury Bonds
6/20/2016 - The Ministry of Finance, represented in the Central bank of Egypt (CBE,) is set to put forward a total of 9.5 billion pounds (around $1 billion) in treasury bonds on 19/6/2016.

The T-bonds ...
Sisi Meets PM, Supply Min. over Food Commodities
6/20/2016 - President Abdel Fattah El Sisi held a meeting on 19/6/2016 with Prime Minister Sherif Ismail and Supply Minister Khaled Hanafy.

Sisi was reassured during the meeting that basic food commodi...
Yasser El-kady, Chinese delegation Discuss Establishing Electronics Factory
6/21/2016 - Minister of Telecommunications and Information Technology Yasser El-Kady received a delegation of the Chinese Megan Group.

The meeting dealt with arrangements to embark on establishing a new ...
Sahar Nasr Meets AfDB Delegation
Sahar Nasr  Meets AfDB Delegation 6/21/2016 - International Cooperation Minister Sahar Nasr has hailed efforts exerted by the African Development Bank (AfDB) to boost development in Egypt.

The minister, who was speaking at a meeting with...
Sherif Ismail has a Meeting with a Delegation of Chinese Meign Group
Sherif Ismail has a Meeting with a Delegation of Chinese Meign Group 6/21/2016 - PM Sherif Ismail met with a delegation of the Chinese Meign group specialized in the field of electronics, under the chairmanship of Mr. Li Hongro - the President of the Governing Council of the group...
Sherif Ismail, Mohamed Abdel Aati Discuss Plan to Improve Canals Network
Sherif Ismail, Mohamed Abdel Aati Discuss Plan to Improve Canals Network 6/22/2016 - Prime Minister Sherif Ismail discusses with Water Resources and Irrigation Minister Mohamed Abdel Aati a plan to improve the efficiency of the network of canals and sewage and measures to remove encro...
Egypt Approves Delegating Industrial Land Allocation to IDA
Egypt Approves Delegating Industrial Land Allocation to IDA 6/22/2016 - Egypt's cabinet approved a law amendment that gives the Industrial Development Authority (IDA) complete powers to allocate and manage industrial lands nationwide.

After amending law no.7 of 1...
Sherif Ismail Form new Committee on The New Industrial Zones
Sherif Ismail Form new Committee on The New Industrial Zones 6/22/2016 - Engineer Sherif Ismail, President of the Council of Ministers issued a resolution to form a new industrial zones committee under his presidency, with membership of each of the Chairman of the General ...

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