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Financials and Investment News in Egypt

Egypt Seeks Wheat for Third Time since Ergot Reversal
Egypt Seeks Wheat for Third Time since Ergot Reversal 9/18/2016 - Egypt, the world's largest wheat buyer, is tapping global markets again to purchase the strategic grain, its third attempt since reinstating a controversial zero tolerance policy towards the ergot fun...
Egypt: Ministry Committee Reviews Agricultural Exports to Russia in Wake of Dispute
9/18/2016 - The Agriculture Ministry has formed a technical committee to examine procedures for the export of fruit and vegetables to Russia following Russia's recent announcement that Egyptian exports do not mee...
Egypt Irrigation Minister Arrives in Sudan
Egypt Irrigation Minister Arrives in Sudan 9/18/2016 - Egypt's irrigation minister arrived to the Sudanese capital Khartoum to participate in the tripartite meeting between Egypt, Ethiopia and Sudan that will witness the signing of contracts with two fore...
Egypt to send delegation to Russia after ban on Egyptian agricultural imports
Egypt to send delegation to Russia after ban on Egyptian agricultural imports 9/18/2016 - Egypt will send a technical delegation to Russia at the end of September from the ministries of trade and agriculture to discuss the temporary ban by Russia on the import of Egyptian agricultural prod...
IMF Deal 'Not End All Solution', But Important Step to Economic Recovery
IMF Deal 'Not End All Solution', But Important Step to Economic Recovery 9/19/2016 - Egypt's finance minister Amr El-Garhy said that the financial deal recently signed with the International Monetary Fund "won't solve everything, but it is an important step on the way" to economic rec...
Egypt Government Aims to Finance Smes for Women, Youth
Egypt Government Aims to Finance Smes for Women, Youth 9/19/2016 - Egypt's government aims to provide women and youth with lines of credit for small and medium enterprises (SMEs), Minister of International Cooperation Sahar Nasr said.

Although women make up ...
Egypt's GASC Cancels Third Wheat Tender amid Ergot Standoff
Egypt's GASC Cancels Third Wheat Tender amid Ergot Standoff 9/19/2016 - Egypt failed to attract a single offer at its state grain tender, forcing it to cancel its third consecutive wheat purchase tender amid an ongoing standoff with suppliers over import policies.
Egyptian Diplomat in Kuwait Denies Restrictions On Agricultural Exports
9/19/2016 - Egyptian Trade Attaché in Kuwait Medhat Adel denied media reports that some foreign quarters have banned importing Egypt's agricultural products for violating safety standards.

Reports tha...
Mohamed Abdel Aati Has Talks with Egyptian Officials in Sudan
Mohamed Abdel Aati Has Talks with Egyptian Officials in Sudan 9/19/2016 - Irrigation and Water Resources Minister Mohamed Abdel Aati had talks with the head of the central administration of the Egyptian irrigation in Sudan on services projects carried out by the Egyptian si...
Garnett Hails Egyptian Gov't Economic Reform Program
Garnett Hails Egyptian Gov't Economic Reform Program 9/19/2016 - Director of Euromoney Conferences Christopher Garnett lauded steps taken by the Egyptian government within the framework of the economic reform program.

In his speech at the opening sessio...
Sahar Nasr, Amr El-Garhey Open Euromoney
Sahar Nasr, Amr El-Garhey Open Euromoney 9/19/2016 - Minister of International Cooperation Sahar Nasr and Minister of Finance Amr el-Garhey inaugurated the 21st session of Euromoney Egypt 2016 conference with an intensive regional and international part...
Sherif Ismail Calls For Improving Waste Management System
Sherif Ismail Calls For Improving Waste Management System 9/19/2016 - Prime Minister Sherif Ismail urged governors to work on upgrading the cleaning and waste management system.

During a meeting of the Council of Governors , Ismail reviewed the status of wa...
Egypt in Talks to Obtain $2 Bln In Financing From China
Egypt in Talks to Obtain $2 Bln In Financing From China 9/19/2016 -  Egypt is in talks with China to obtain $2 billion in financing, Deputy Finance Minister Ahmed Kojak said, without giving further details.

"All the details are with the central bank," he said...
Sherif Ismail urges governors to improve road network
Sherif Ismail urges governors to improve road network 9/19/2016 - Prime Minister Sherif Ismail urged the governors to consider the possibility of increasing means of public transportation nationwide along with improving the road network.

Ismail’s remarks...
Russia Says Ban on Egypt's Vegs Not Response to Wheat Policy
9/20/2016 - Russia's decision to suspend imports of fruit and vegetables from Egypt is not a counter-measure against Cairo's rejection of Russia's wheat; Interfax news agency quoted Russian Deputy Prime Minister ...
Devaluation Would Boost Egyptian Exports By 10 Pct
Devaluation Would Boost Egyptian Exports By 10 Pct 9/20/2016 - Egyptian exports would rise by 10 percent if and when authorities devalue the pound, Trade and Industry Minister Tarek Kabil said.

Pressure has been mounting on the central bank to devalue th...
Egypt:Technical delegates of 3 countries sign GERD impact studies contracts
9/20/2016 - Technical delegates of Egypt, Sudan and Ethiopia signed the Grand Ethiopian Renaissance Dam (GERD) impact studies contracts with the two French consultancy firms BRL and Artelia.

The final...
Tarek Qabil Expects 10pct Rise In Exports 'If And When Devaluation Happens'
Tarek Qabil Expects 10pct Rise In Exports 'If And When Devaluation Happens' 9/20/2016 - Egyptian exports are expected to be boosted by 10 percent if and when the devaluation of the local currency happens, Trade and Industry Minister Tarek Kabil said.

During the second and the la...
British PM Expresses Support of Egypt's Economic Reform Policies to Sisi
British PM Expresses Support of Egypt's Economic Reform Policies to Sisi 9/20/2016 - British Prime Minister Theresa May expressed support of Egypt's economic reforms policies during a meeting with Egyptian President Abdel-Fatah El-Sisi in New York on the sidelines of the 71st United N...
Egypt's communication ministry launches 'ICT for Women' website
Egypt's communication ministry launches 'ICT for Women' website 9/20/2016 - Egypt's communication and information technology ministry launched a website on information and communications technology (ICT) to support and empower women in the field of ICT and other aspects of li...

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