Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Egypt:Investor's residence law to be amended
Egypt:Investor's residence law to be amended 8/3/2016 - The Egyptian government will introduce amendments to the residency law allowing foreign investors to get a five-year residency permit after making a foreign currency deposit, Cabinet spokesman Hossam ...
World Bank to provide $500 mn for Upper Egypt development
World Bank to provide $500 mn for Upper Egypt development 8/3/2016 - The Egyptian government signed a deal with the World Bank for US$500 million in funding for an economic development program in Upper Egypt.

The program will be applied in the most needy so...
Egypt cabinet approves plan to issue $3-5 bln in eurobonds
Egypt cabinet approves plan to issue $3-5 bln in eurobonds 8/4/2016 - Egypt's cabinet has approved plans for an international bond issuance of between $3 billion and $5 billion, a finance ministry official said

The official said Egypt would initially target $...
Amr Al Garhy:VAT law passed end Aug/early Sept
Amr Al Garhy:VAT law passed end Aug/early Sept 8/4/2016 - Egyptian Finance Minister Amr El-Garhy expects parliament to pass a long-awaited law to introduce Value Added Tax (VAT) by the end of August or early September.

Egypt, which is in talks wit...
Sisi confers with solidarity minister on social issues
Sisi confers with solidarity minister on social issues 8/4/2016 - President Abdel Fattah El Sisi conferred with Social Solidarity Minister Ghada Wali.

During the meeting, Sisi stressed the importance that economic reforms would take into account the socia...
China's CFLD plans to pump dlrs 20bn in Egypt in 10 years
China's CFLD plans to pump dlrs 20bn in Egypt in 10 years 8/5/2016 - China Fortune Land Development Company (CFLD) plans to inject about 20 billion dollars in investments into Egypt within the coming 10 years, the Investment Ministry said in a statement.

Inv...
37 ships Transit Suez Canal
37 ships Transit Suez Canal 8/5/2016 - Thirty-seven ships transited the Suez Canal with a total cargo of 2.2 million tons.

The south-bound convoy included 23 vessels carrying 1.1 million tons, while the north-bound convoy includ...
Mahlab: Government to carry out development projects in N. Sinai
Mahlab: Government to carry out development projects in N. Sinai 8/5/2016 - Presidential adviser for national projects and former prime minister Ibrahim Mahlab said the State has set timetables to carry out new development projects in North Sinai.

Addressing a meet...
Amr Al Garhy Finance Minister appointed Egypt’s governor at AIIB
Amr Al Garhy Finance Minister appointed Egypt’s governor at AIIB 8/5/2016 - Prime Minister Sherif Ismail issued a decision appointing Finance Minister Amr el Garhy as Egypt’s governor at the Asian Infrastructure Investment Bank (AIIB).

The decision also appointed M...
Sisi: Suez Canal revenues up 4% in 2015
Sisi: Suez Canal revenues up 4% in 2015 8/6/2016 - President Abdel Fattah El Sisi said Suez Canal revenues were up by 4 percent last year.

Sisi interrupted a speech of Suez Canal Authority Chairman Mohab Mameesh during the 1st new Suez Cana...
Darwish, Indonesian Trade Minister discuss investment in Suez Canal zone
Darwish, Indonesian Trade Minister discuss investment in Suez Canal zone 8/6/2016 - Head of the General Authority for the Suez Canal Economic Zone Ahmed Darwish met with the Indonesian Minister of Trade to discuss advantages of the Suez Canal Economic Zone given its competitive edge ...
Telecom Egypt board gives final approval to buy 4G licence
8/7/2016 - The board of Telecom Egypt , the country's landline monopoly, gave its final approval for plans to buy a fourth-generation mobile phone licence, a senior source at the company said.

The sou...
Egypt Discusses Saudi Nuclear Cooperation Agreement
Egypt Discusses Saudi Nuclear Cooperation Agreement 8/7/2016 - Committees within Egypt’s parliament discussed new cooperation agreements signed with Saudi ?Arabia, at the top of which is the nuclear power agreement signed during Saudi King Salman’s visit to Cairo...
Sherif Ismail:1st Siemens plant to join national power grid shortly
Sherif Ismail:1st Siemens plant to join national power grid shortly 8/8/2016 - Prime Minister Sherif Ismail said that the first Siemens power plant in Egypt would enter service in December 2016, a statement by the Cabinet reported.

Some units will be operated in Dece...
102 vessels cross Suez Canal
102 vessels cross Suez Canal 8/8/2016 - A total of 102 ships transited the Suez Canal in the past two days, with a total cargo of 5.7 million tons, Chairman of the Suez Canal Authority Mohab Mamish said. The south-bound convoy included ...
Sherif Ismail held Meeting with General Electric Company
Sherif Ismail held Meeting with General Electric Company 8/8/2016 - PM Sherif Ismail held a meeting with a delegation of representatives of the General Electric Company, including Mr. Nabil Al Habaib, president of the company in the Middle East and North Africa, in th...
Egypt has proposed to IMF 18-month reform program
Egypt has proposed to IMF 18-month reform program 8/8/2016 - Egyptian dailies say Cairo has proposed to IMF delegates an 18-month reform program in return for a $12 billion loan over three years to shore up its economy.

Reports by three dailies — Al-...
Egypt launches multi-lingual online portal to promote tourism
Egypt launches multi-lingual online portal to promote tourism 8/8/2016 - The Ministry of Tourism, in cooperation with the Ministry of Communications and Information Technology, launched on Sunday an online portal in 14 languages and 250 touristic attraction points.

...
Turkish Airlines To Resume Flights To Sharm El-Sheikh In September
8/9/2016 - Turkish Airlines announced in a statement it plans to resume its flights to Sharm el-Sheikh starting September 10, 2016.

Flights from Istanbul to the Egyptian resort town of Sharm el-Sheik...
Egypt Sets Jail As Punishment For Black Market Forex Trading
Egypt Sets Jail As Punishment For Black Market Forex Trading 8/9/2016 - Egypt's parliament set prison sentences of between three and 10 years in jail and fines of up to LE5 million (US$563,000) for traders selling foreign currency on the black market.

The centra...

Accounting, Statistics Asset Portfolio Management Economics/Financial Analysis Gas Export General Investment Mergers and Acquisitions
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.