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Financials and Investment News in Egypt

ITFC Offers $400 Million to Support Egyptian Economy
3/12/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga has said a framework agreement, under which the International Islamic Trade Finance Corporation (ITFC) offered 400 million dollars to...
Nuweiba Harbour Developed at EGP 150 Million
3/12/2012 - Egypt's transport minister unveiled on 11/3/2012 the development of Nuweiba harbour at a cost of 150 million EGP to absorb 1.7 million passengers, the expected growth in 2030. Galal Saeed, speaking in...
Increasing Electricity Exported to Gaza Under Consideration
3/13/2012 - Electricity Minister Hassan Younis met for the second time this week with head of Palestinian Energy Authority (PEA) Omar Katana to take up ways of increasing electricity supply to Gaza Strip.

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MUP Showing a Slight Increase in Net Profits
3/14/2012 - MUP - Medical Union for Pharmaceuticals SAE, operating under the investment law and capitalized at L.E. 313.4 million, fully paid up, has posted for the year 2011 about L.E. 213.6 million net profits ...
MOPCO to Adjust its Environmental Conditions
3/16/2012 - Prime Minister Kamal el-Ganzouri held a ministerial meeting on 15/03/2012 over the MOPCO (Misr Oil Processing Company) fertilizer plant in Damietta. The meeting was attended by the ministers of planni...
89.9 Million EGP Earmarked to Support Poorest Villages
3/16/2012 - Planning and International Cooperation Minister Fayza Abul-Naga approved allocating 89.9 million pounds to support the poorest villages across the country.In statements on 15/03/2012, Abul-Naga said t...
Cabinet Agrees on Movement of Turkish Exports Via Egypt
3/16/2012 - Minister of Transport Galal Moustafa El-Saeed said on 15/03/2012 that the Cabinet has agreed in principle on the movement of Turkish exports through Egyptian ports. In press statements, the Minister s...
Second Phase of Banking Reform Program Successful
3/16/2012 - The Central Bank of Egypt (CBE) on 15/03/2012 said that the second phase of a program to reform the banking sector in Egypt has been completed successfully. In a released statement, the CBE added that...
Iraq Transfers to Egypt 408 Million Dollars
3/16/2012 - Iraq has transferred to Egypt some 408 million dollars to pay the value of the "yellow remittances", the money owed by Iraq to Egyptians who escaped from the country during the first Gulf War. Last we...
Egypt Inks MoU with Ethiopia
3/17/2012 - Secretary General of the Egyptian Fund for Technical Cooperation with Africa Fatma Galal inked a memorandum of understanding with the Ethiopian government. The accord aims at boosting technical cooper...
Investors Await Election of Egypt’s New President
3/18/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga has stressed on 17/3/2012 that foreign investors now have keen interest in following up events in the Egyptian political arena and aw...
Egypt Supports Serious Investors
3/19/2012 - Minister of Housing Dr. Fathi el-Baradei has stressed that The government has no intention to withdraw plots of land from serious investors. The real-estate investment is a crucial sector and provides...
New Facilitations for Investors in New Power Plants
3/19/2012 - The Egyptian Government presented a series of new facilitations to encourage the domestic private sector and foreign investors to engage in, power plants projects in new and renewable energy sector wi...
Talks to Reopen Egypt-Jordan Maritime Line
3/20/2012 - Egypt and Jordan's ministers of transport have begun talks to reopen the sole maritime tourism line connecting the Red Sea ports of Taba and Aqaba. The line between the Jordanian port of Aqaba and the...
MoU Between Egypt, Oman
3/20/2012 - Air transport authorities in Egypt and Oman signed a Memo of Understanding at the end of talks in Cairo organizing Air transport services. The national carrier of each country is to operate 10 passeng...
Industry Minister Discusses New Projects
3/21/2012 - Industry and Foreign Trade Minister Mahmoud Eissa met on 20/3/2012 with delegations representing major Korean and Lebanese companies. Eissa discussed pumping new investments in Egypt during the curren...
Dr.Kamal Al-Ganzoury Reviewed Several Issues
3/21/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held 12th meeting of the Cabinet of Ministers and reviewed several issues including security and economic files. Dr.Al-Ganzoury and the ministers expressed their...
Egypt Supports All African Oil-Producing Countries
3/23/2012 - Ministers of the African Petroleum Producers Association (APPA) approved at their meeting on 22/03/2012 in Cairo an initiative by Egypt for the establishment of an African Petroleum Institute to be ba...
Egypt’s Bourse Shows Mixed Performance
3/23/2012 - The Egyptian Stock Exchange showed mixed performance at the closing of this week's trading with a remarkable decline in foreign share sales on 22/03/2012. The benchmark EGX 30 index rose 0.22 percent ...
Egypt, Libya Seek Boosting Labor Cooperation
3/23/2012 - Minister of Manpower and Immigration Fathi Fikry on 22/03/2012 held talks with visiting Libyan Minister of Labor and Vocational Training Mostafa al-Rajbani on means of boosting labor cooperation. In s...

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