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Financials and Investment News in Egypt

Tarek Qabil:95% of 1st phase of leather city completed
Tarek Qabil:95% of 1st phase of leather city completed 7/15/2016 - More than 95% of the first phase of establishing a leather city in Robiki in Badr City, 45km east of Cairo, has been completed, Industry and Trade Minister Tareq Qabil said.

All leather tanne...
Egypt's Economy Drops to Third place in Africa Rankings
7/15/2016 - Bloomberg has rated the Egyptian economy third on the African continent, pushing it back from second place after just two months, basing its assessment largely on shifting GDP figures.

On May...
Yasser el Qady discusses China Establishing Smart Phones
7/16/2016 - Minister of Communications and Information Technology Yasser el Qady received the CEO of the Chinese OPPO Egypt Company and discussed establishing a factory for manufacturing smart phones in Egypt to ...
Egypt's Sisi, African Leaders Discuss AU Finances at Rwanda Summit
Egypt's Sisi, African Leaders Discuss AU Finances at Rwanda Summit 7/17/2016 - Egypt's President Abdel-Fattah El-Sisi participated in unofficial talks by African Union head of states on how to boost the organisation's financial resources, after arriving in Kigali for the 27th AU...
Egypt: GAFI, JETRO Discuss Boosting Investment Cooperation
7/17/2016 - Chairman of the General Authority for Investment and Free Zones (GAFI) Mohamed Khedr held talks with General Manager of Japan External Trade Organization (JETRO) office in Cairo Atsushi Ikeda. The tal...
Sherif Fathy Leaves for Russia to Discuss Resuming Flights
7/17/2016 - Civil Aviation Minister Sherif Fathy left Cairo for Moscow on a three-day visit to discuss the resumption of flights between Egypt and Russia.

He will discuss means of restoring tourism an...
UK to Finance Egypt Trade Deals Worth up to GBP 500 mln
7/17/2016 - UK Export Finance, the UK's export credit agency, is committed to funding trade deals with Egypt worth up to GBP 500 million, and has GBP 2.5 billion of financing available for projects in Egypt, acco...
Sisi Urges Increasing Resources of Financing African Programs
Sisi Urges Increasing Resources of Financing African Programs 7/17/2016 - President Abdel Fattah El Sisi stressed the importance of discussing ways to increase resources to implement ambitious programs and projects in Africa.

The president made the remarks in a ...
Sisi Discusses African Free Trade Area at AU summit
7/17/2016 - Egypt's President Abdel-Fattah El-Sisi discussed the importance of having an African free trade area in the closed session of the African Union summit held on Sunday in Kigali, Rwanda, the Egyptian Pr...
Egypt Purchases 300,000 Tones of Wheat from Russia, Romania
Egypt Purchases 300,000 Tones of Wheat from Russia, Romania 7/18/2016 - Egypt's Supply Minister Khaled Hanafi announced in a statement plans to buy 300,000 tonnes of wheat from Russian and Romania in the new fiscal year.

According to Hanafi, the General Authority...
Egypt's Cabinet:No extra tax to be imposed on fuel
Egypt's Cabinet:No extra tax to be imposed on fuel 7/18/2016 - The new value-added tax (VAT) bill, which has yet to be presented to parliament, does not impose any new VATs on fuel, Egypt's state owned MENA agency reported.

The Cabinet confirmed in an of...
Khalid Hanafi Heads for Kenya to Attend UNCTAD 14th Meeting
Khalid Hanafi Heads for Kenya to Attend UNCTAD 14th Meeting 7/19/2016 - Supply and Internal Trade Minister Khalid Hanafi left for Nairobi to participate in the 14th Session of the United Nations Conference on Trade and Development (UNCTAD 14).

UNCTAD Secretary-Ge...
Egypt's Tourism Revenue to Range Between $4-4.5 bln in 2016
7/19/2016 - Egyptian tourism receipts are expected to range between $4 billion to $4.5 billion by end of the current year, finance minister Amr El-Garhy said at press conference.

The total tourism revenu...
Sisi Inspects 3rd phase of El Asmarat Housing Project
Sisi Inspects 3rd phase of El Asmarat Housing Project 7/19/2016 - President Abdel Fattah El Sisi inspected the third phase of El Asmarat project that includes the establishment of 1,680 social housing units for slum dwellers within one year.

During his i...
Sherif Ismail Chairs Eonomic Committee meeting
Sherif Ismail Chairs Eonomic Committee meeting 7/19/2016 - Prime Minister Sherif Ismail chaired a meeting of the ministerial economic committee.

The ministers of planning, electricity, supply, petroleum, agriculture, finance, industry, tourism, publ...
Fourth Phase of Cairo Metro Line 3 Laid Down
7/19/2016 - Transportation Minister Galal el al Saeed laid down the foundation stone of the second part of the fourth phase of Cairo's underground third line.

The second part of the fourth phase includ...
Khaled Hanafy Seeks New Strategic Trade Alliance with Kenya
Khaled Hanafy Seeks New Strategic Trade Alliance with Kenya 7/20/2016 - Domestic Trade and Food Supply Minister Khaled Hanafy met with representatives of the Kenyan meat and tea industries for discussions on boosting bilateral trade.

Hanafy held talks with the ch...
Egypt Takes Part in African Water Resources Gathering in Tanzania
Egypt Takes Part in African Water Resources Gathering in Tanzania 7/20/2016 - Egypt will take part with a high-level delegation under Minister of Water Resources and Irrigation Mohamed Abdel Ati in meetings of the 10th general assembly of the African water ministers.

...
Sisi Confers with PM on Gov't Efforts to Attract Investments
Sisi Confers with PM on Gov't Efforts to Attract Investments 7/20/2016 - President Abdel Fattah El Sisi met Prime Minister Sherif Ismail.

The premier briefed the president on the results of Monday's meeting of the ministerial economic committee that discussed t...
Sahar Nasr Addresses Africa 2030 Session in New York
Sahar Nasr Addresses Africa 2030 Session in New York 7/20/2016 - Minister of International Cooperation Sahar Nasr has said Africa is committed to achieving the goals of sustainable development.

During her participation in "Africa 2030" session in New Yo...

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