Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Egyptian Lender CIB Again Lowers Limits on Debit Cards
9/7/2016 - Egypt's largest listed bank, Commercial International Bank, has tightened limits on pound-linked debit cards used overseas for the third time in six weeks as the country grapples with a shortage of do...
Egypt: Cabinet holds weekly meeting to probe political, economic, social files
Egypt: Cabinet holds weekly meeting to probe political, economic, social files 9/8/2016 - The cabinet held its weekly meeting under Prime Minister Sherif Ismail to discuss number of political, economic, social and security files.

The get-together took up also reports on servic...
Joint mission from WB, AFDB to visit Egypt this month
Joint mission from WB, AFDB to visit Egypt this month 9/8/2016 - A joint mission from the World Bank and the African Development Bank (AFDB) will pay a visit to Egypt by the end of September to hold consultations with officials at the Egyptian government on the mos...
Russian security delegation arrives at Cairo airport
Russian security delegation arrives at Cairo airport 9/8/2016 - A high-profile Russian security delegation arrived for talks with officials at the Aviation Ministry.

The Russian delegation is due to make an inspection tour around Cairo airport's departu...
Tarek Qabil: Action taken to benefit from endorsed program to support exports
Tarek Qabil: Action taken to benefit from endorsed program to support exports 9/8/2016 - The Trade and Industry Ministry will act to best benefit from a new program endorsed by the Export Development Fund (EDF) to support exports.

The program went into effect in July with the ...
GAFI official says Egypt 2nd big economy in Africa
GAFI official says Egypt 2nd big economy in Africa 9/8/2016 - Egypt is Africa's second big economy and its market is the most diversified in both the Middle East and Africa, said Mohamed Khodair, CEO of the General Authority for Investment and Free Zones (GAFI)....
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal 9/8/2016 - Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about $6 billion in bilateral financing required to seal an IMF loan, the finance minister said in co...
Egypt Receives First $1 Bln Tranche Of World Bank Loan
Egypt Receives First $1 Bln Tranche Of World Bank Loan 9/9/2016 - The World Bank has provided Egypt with the first $1 billion tranche of a $3 billion loan, as part of its support for the government's economic programme, the Ministry of International Cooperation said...
Sherif Ismail: Sisi Directs Ministers To Boost Relations With China, India, Japan
Sherif Ismail: Sisi Directs Ministers To Boost Relations With China, India, Japan 9/9/2016 - Prime Minister Sherif Ismail said that the cabinet has discussed President Abdel Fattah al-Sisi’s directions to boost relations with China, India, and Japan.

In statements after cabinet’s m...
Egypt's Ergot Saga Deepens As Wheat Rejected In Romania
Egypt's Ergot Saga Deepens As Wheat Rejected In Romania 9/9/2016 - Egyptian state inspectors have rejected a 63,000 ton shipment of wheat at its Romanian port of origin after checking for ergot, the first time Egypt has rejected a cargo at source since taking a zero ...
Tarek Qabil:Decline in trade deficit attributed to trade ministry's support of export sector
Tarek Qabil:Decline in trade deficit attributed to trade ministry's support of export sector 9/10/2016 - Trade and Industry Minister Tareq Qabil attributed the decline in Egypt's trade deficit in the first six months of the current year to his ministry’s efforts in supporting the export sector.

...
Egypt: No increase in gasoline, diesel oil prices
Egypt: No increase in gasoline, diesel oil prices 9/10/2016 - The Cabinet's Information and Decision Support Center (IDSC) denied reports of an increase in prices of gasoline and diesel oil after a Value Added Tax (VAT) bill was passed into law.

In a ...
Egypt’s exports to Arab states hit $ 907mn in May
Egypt’s exports to Arab states hit $ 907mn in May 9/13/2016 - Egypt's exports to Arab countries stood at USD 907.5 million in May against USD 799.1 million in May 2015, while imports from the Arab world declined during the same period to reach USD 621.4 million,...
Egypt, Afdb Discuss Slums Development
Egypt, Afdb Discuss Slums Development 9/13/2016 - International Cooperation Minister Sahar Nasr discussed in a meeting with Permanent Representative of the African Development Bank (AfDB) in Cairo Laila al Moqaddem the development of slums in Egypt.<...
Egypt's Hotel Rates Rise Despite Struggling Tourism Sector
Egypt's Hotel Rates Rise Despite Struggling Tourism Sector 9/13/2016 - Despite the tremendous drop in occupancy rates, revenues and tourist arrivals in the past few months, hotels across Egypt saw major rate increases during the Eid vacation.

The price hikes too...
Tarek Qabil :Egyptian Exports to Turkey up By 7.6% In 1st Half Of 2016
Tarek Qabil :Egyptian Exports to Turkey up By 7.6% In 1st Half Of 2016 9/14/2016 - Minister of Trade and Industry Tarek Qabil said there was a 7.6 percent increase in the Egyptian exports to Turkey in the first half of 2016.

Egypt's exports reached 681.5 million dollars aga...
IMF Sees 'Productive' Talks On Egypt Loans With China, Saudi Arabia
9/16/2016 - The International Monetary Fund said it has held "very productive discussions" with authorities in China and Saudi Arabia about them contributing to $5 billion to $6 billion in additional bilateral ga...
Egypt: Finance Ministry Auctions T-Bills Worth 11.5 Billion Pounds
Egypt: Finance Ministry Auctions T-Bills Worth 11.5 Billion Pounds 9/16/2016 - The Finance Ministry auctioned treasury bills at a total value of 11.5 billion pounds.

In an online statement, the ministry said it auctioned 5.5 billion pounds of 182-day T-bills. The ave...
China Will Establish Waste Recycling Factory In Kafr El-Sheikh At Dlrs 200m
9/16/2016 - The Ministry of Investment said it has mulled over a study by China's Safbon group to establish a factory in Kafr el Sheikh for garbage recycling and power generation.

The initial investme...
Russia Bans Imports Of Egyptian Fruit And Vegetables
Russia Bans Imports Of Egyptian Fruit And Vegetables 9/17/2016 - Russia's food safety watchdog has banned fruit and vegetables imports from Egypt over sanitary concerns, following an earlier decision by Egypt that hurt Russian wheat imports.

Rosselkhoznadz...

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.