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Financials and Investment News in Egypt

Egypt-Greece Business Council to Convene In October
9/27/2016 - Egypt-Greece Business Council (EBA) is scheduled to convene on October, chairman of the council's Egyptian Side Hani Berzi revealed.

In statements, Berzi said that the Greek side will be in...
Egypt Hires Swiss Firm to Inspect Imported Wheat Shipments
Egypt Hires Swiss Firm to Inspect Imported Wheat Shipments 9/27/2016 - Egypt's agriculture ministry said a Swiss inspection company will examine imported wheat shipments after the recent trade tension with Russia over the staple crop.

The ministry has contracte...
Russia, Egypt Ministers Continue Talks on Air Traffic Resumption
9/28/2016 - Egypt’s Aviation Minister Sherif Fathi met with Russian Transport Minister Maksim Sokolov who is currently visiting Cairo to have talks on resuming air traffic between both countries.

The off...
Sisi Urges Setting Up Facilities for Small, Medium-Sized Industries
Sisi Urges Setting Up Facilities for Small, Medium-Sized Industries 9/28/2016 - President Abdel Fattah El Sisi urged establishing more facilities for small and medium-sized industries to boost the industrial sector and increase production in Egypt.

During a meeting wit...
Egypt's Economic Growth 'Going Forward,' Fiscal Reform Supports B3 Rating
9/28/2016 - Egypt's economic growth has started to pick up, investor sentiment has improved and its fiscal reforms support the B3 rating of global credit rating agency Moody's, the agency said , adding that the e...
Egypt: Careem Expands Offering with 'White Taxi' Service
9/28/2016 - The ride-hailing company Careem has launched its own "White Taxi" service as an extra option for clients wishing to avoid hailing a cab in the streets.

The company announced in September that...
Egypt: New Tourism Marketing Campaign Targets 12 European Nations
9/28/2016 - The marketing company GWT has launched a new campaign to attract tourists to Egypt, focusing attention on 12 foreign countries, in line with an agreement reached with the Egyptian Tourism Authority la...
Egypt Wants Second Tranches of World Bank, ADB Loans by Year-End
Egypt Wants Second Tranches of World Bank, ADB Loans by Year-End 9/29/2016 - Egypt wants to receive the second tranches of World Bank and African Development Bank (ADB) loans before the end of this year, Prime Minister Sherif Ismail told Reuters.

Egypt received $1 bil...
Motafa Madboly., UK MP Discuss Bilateral Coop.
Motafa Madboly., UK MP Discuss Bilateral Coop. 9/29/2016 - Housing Minister Motafa Madboly held a meeting with British MP Jeffrey Donaldson, in the presence of British Ambassador to Egypt John Casson.

Donaldson expressed his country's keenness on...
World Bank Approves USD 500 Million Loan to Develop Upper Egypt
World Bank Approves USD 500 Million Loan to Develop Upper Egypt 9/30/2016 - The World Bank has approved a 500-million-dollar loan for the development of Upper Egypt, International Cooperation Minister Sahar Nassr said.

The minister said she received the news durin...
EU Supports Improving Chances of Accessing to Finances to SMEs
9/30/2016 - A delegation from the EU Commission in Cairo discussed at a seminar 2016 the necessary reforms needed to improve the access to finances to the medium, small and micro projects in Egypt.

Po...
Meetings of Egyptian-South African Committee Conclude In Cairo
Meetings of Egyptian-South African Committee Conclude In Cairo 9/30/2016 - Meetings of the third round of the Egyptian-South African committee and the second forum of businessmen of the two countries concluded in Cairo.

The three-day meetings were held under the ...
Egypt, Finland Hold Talks on Military Production Cooperation
Egypt, Finland Hold Talks on Military Production Cooperation 9/30/2016 - State Minister for Military Production Mohamed Said El Assar held talks with Finnish Minister for Foreign Trade and Development Kai Mykkanen on joint cooperation in various fields.

Assar s...
Sisi, Bashir to Head Egypt-Sudan Committee In Cairo
Sisi, Bashir to Head Egypt-Sudan Committee In Cairo 10/1/2016 - Egypt's President Abdel-Fattah El-Sisi and Sudan's President Omar Al-Bashir will co-chair a bilateral high committee meeting in Cairo next week, Al-Ahram Arabic website reported.

This is the ...
Cairo, Paris Sign Cooperation Protocol to Develop Egyptian Communities
Cairo, Paris Sign Cooperation Protocol to Develop Egyptian Communities 10/1/2016 - Minister of Housing Mostafa Madbouli and Head of the French working group for sustainable development Gerard Wolf signed a protocol for establishing a joint technical office for management and constru...
Nasr Discusses With WB Delegation Social Housing Program
Nasr Discusses With WB Delegation Social Housing Program 10/1/2016 - International Cooperation Minister Sahar Nasr met with a delegation of the World Bank, currently visiting Cairo to follow up progress achieved in implementing a comprehensive program to fund social ho...
Sahar Nasr, WB Delegation Discuss Social Housing Program
Sahar Nasr, WB Delegation Discuss Social Housing Program 10/2/2016 - International Cooperation Minister Sahar Nasr met with a delegation of the World Bank (WB), currently visiting Cairo to follow up progress achieved in implementing a comprehensive program to fund soci...
Egypt Finance Minister to Take Part in IMF, WB Annual Meeting In Washington
10/2/2016 - Egypt Finance Minister Amr el Garhy is set to travel to the US to take part in the 2016 annual meetings of the boards of governors of the International Monetary Fund (IMF) and the World Bank group, sc...
Egypt’s Exports to Turkey Increase By 9.3% In First half of 2016
10/2/2016 - Egypt’s exports to Turkey increased by 9.3 percent during the first half of 2016 to reach 5.2 billion EGP ($0.58b) up from 4.7 billion EGP during the same period last year, the Central Agency for Publ...
Nasr leads Egypt's delegation to WB meetings in Washington
10/3/2016 - Minister of International Cooperation Sahar Nasr will lead Egypt's delegation to the annual meetings of the World Bank in Washington set for October 7-9.

During her stay in Washington, the...

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