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Financials and Investment News in Egypt

Egypt: Ministerial Economic Commission Meeting
Egypt: Ministerial Economic Commission Meeting 7/11/2016 - Engineer Sherif Ismail, President of the Council of Ministers, during the meeting of the Economic Ministerial Committee in the presence of the governor of the Central Bank, and ministers of planning, ...
53 Vessels Cross Suez Canal
53 Vessels Cross Suez Canal 7/11/2016 - Fifty-three ships transited the Suez Canal, with a total cargo of 2.7 million tons.

The south-bound convoy included 25 vessels carrying 1.2 million tons, while the north-bound convoy included...
NBE Ranked 1st in Managing Syndicated Loans in Egypt, Africa
NBE Ranked 1st in Managing Syndicated Loans in Egypt, Africa 7/11/2016 - The National Bank of Egypt (NBE) was ranked first as the best bank in managing syndicated loans in Egypt and Africa after achieving a market share of 26.5%, against 9% during the same period in the pa...
Egypt :Gas Supplied to 715,000 Housing units at Investments of EGP1.5bn
Egypt :Gas Supplied to 715,000 Housing units at Investments of EGP1.5bn 7/11/2016 - Petroleum Minister Tareq al-Molla asserted that the national project on supplying natural gas to houses is one of the main strategic projects currently being carried out in Egypt and a main pillar of ...
Egypt sees profit-taking after devaluation rally
7/12/2016 - Egypt's stock market dipped for a second day in early trading as investors took profits from a rally inspired by future currency devaluation speculation, while Saudi Arabia's bourse rose for the third...
Egypt cbank to keep pound stable
Egypt cbank to keep pound stable 7/12/2016 - Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction on Tuesday, banking sources said, confounding market expectations of an impending ...
Egypt's Sisi will Participate in Beijing G20 Summit
Egypt's Sisi will Participate in Beijing G20 Summit 7/12/2016 - Egyptian president Abdel-Fattah El-Sisi is set to head to China in September to participate in a G20 Summit for the first time, Egypt’s trade minister announced.

In an official statement by t...
Egypt: FAO finds that ergot doesn’t threaten local wheat crop
Egypt: FAO finds that ergot doesn’t threaten local wheat crop 7/13/2016 - Egypt's agriculture ministry said that a study conducted by the United Nations Food and Agriculture Organization (FAO) has concluded that ergot, the common grain fungus, does not pose any threat to th...
Senegal’s Tourism Minister in Cairo
7/13/2016 - Senegal's Minister of Tourism and Air Transport, Maimouna Ndoye Seck, arrived on an official visit to Egypt.

During the visit, Seck is scheduled to meet a number of officials in order to disc...
Egypt buys 180,000 tons of Ukrainian, Russian wheat
Egypt buys 180,000 tons of Ukrainian, Russian wheat 7/13/2016 - Egypt purchased its first imported wheat cargos in 2016 after the government decided to allow up to 0.05 percent ergot, a common grains fungus, in wheat shipments.

The state grain buyer, the ...
Egypt: Launch of EU-funded twinning project to support electricity sector
Egypt: Launch of EU-funded twinning project to support electricity sector 7/13/2016 - The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) will launch the European Union (EU) Twinning project in partnership with the Regulatory Authority for Energy of the H...
Egypt Attends 2nd Maritime Silk Road Port Forum in China
Egypt Attends 2nd Maritime Silk Road Port Forum in China 7/13/2016 - Egypt attended the second Maritime Silk Road Port Forum, which was hosted by China's Ningbo city that has the biggest port worldwide.

A delegation from Egypt's Transportation Ministry under ...
Egypt Signs Agreement with China on Cooperation in 18 projects
7/13/2016 - Minister of Trade and Industry Tareq Qabil and Minister of Investment Dalia Khourshid have signed in Beijing an agreement with the Chinese minister of reform and development and the deputy Chinese tra...
Egypt: Cabinet Approves Several Decisions on Investments, Projects
Egypt: Cabinet Approves Several Decisions on Investments, Projects 7/14/2016 - The cabinet under Prime Minister Sherif Ismail took a number of pro-investment decisions.

During its weekly meeting, the cabinet also approved a number of recommendations pertaining to disput...
Egypt: Cabinet Reviews Work Progress in Red Sea projects
Egypt: Cabinet Reviews Work Progress in Red Sea projects 7/14/2016 - The Cabinet, under Prime Minister Sherif Ismail, reviewed the work progress in a number of development projects in the Red Sea governorate, notably the social housing project.

In its weekly m...
Tareq qabil wraps up China Visit
Tareq qabil wraps up China Visit 7/14/2016 - Trade and Industry Minister Tareq Qabil returned home coming from China after participation in the G20 trade ministers meeting.

During his six-day visit, Qabil signed a cooperation agreement ...
Egypt Air, GE Sign Agreement for Maintenance Consulting
Egypt Air, GE Sign Agreement for Maintenance Consulting 7/15/2016 - EgyptAir has signed a TrueChoice Materials Agreement with General Electric for maintenance, repair and overhaul consulting services for CFM56-7B engines, the national carrier's chairman Safwat Mosalam...
Mohamed Saafan: Egypt Fighting Terrorist Groups
7/15/2016 - Manpower Minister Mohamed Saafan has said that Egypt is unilaterally fighting terrorist groups.

Egypt has outlined an ambitious plan to eliminate unemployment through an integrated training a...
Egyptian, Chinese Officials Review Investment Opportunities in Egypt
Egyptian, Chinese Officials Review Investment Opportunities in Egypt 7/15/2016 - Minister of Trade and Industry Tareq Qabil and Minister of Investment Dalia Khorshid have reviewed with chairmen and representatives of about 20 Chinese companies the most important investment opportu...
Egypt, Ghana Discuss Cooperation in Natural Gas Field
7/15/2016 - A delegation from the Egypt Gas Company under Chairman Mohamed Ibrahim has concluded a visit to Ghana.

During the four-day visit, the delegation paid field visits to Ghanaian natural gas fie...

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