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Financials and Investment News in Egypt

Egypt Secures 60% of Finances Required For IMF Loan
Egypt Secures 60% of Finances Required For IMF Loan 10/18/2016 - Egypt has succeeded in securing 60 percent of the $6 billion in financing required to receive a loan from the International Monetary Fund (IMF), Prime Minister Sherif Ismail said according to MENA.
Suez Canal Authority Signs Saudi Deal to Build Steel Factory in Sokhna
Suez Canal Authority Signs Saudi Deal to Build Steel Factory in Sokhna 10/18/2016 - The Suez Canal Authority has signed a partnership deal with a Saudi International Expertise Association Academy – to build an iron and steel factory in Egypt’s Ain Sokhna.

The deal, announced...
Egypt Exports to Nile Basin Countries up by 14.8%
Egypt Exports to Nile Basin Countries up by 14.8% 10/18/2016 - Egypt's exports to the Nile Basin countries in 2015 rose by 14.8 percent compared to 2014, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

The agency said ...
Sherif Ismail Praises Work Progress in National Projects
Sherif Ismail Praises Work Progress in National Projects 10/19/2016 - Prime Minister Sherif Ismail praised achievements made in various national projects, especially in the electricity sector.

Egypt will have a sufficiency of natural gas after the natural ga...
Egypt FM, Afreximbank President Confer on Programs to Support Egyptian Exports
Egypt FM, Afreximbank President Confer on Programs to Support Egyptian Exports 10/19/2016 - Foreign Minister Sameh Shoukry had a meeting with President of the African Export-Import Bank Benedict Oramah and discussed the role played by Afreximbank in supporting and increasing inter-African tr...
Egypt: Presidential Decree to Form Supreme Council for Investment
Egypt: Presidential Decree to Form Supreme Council for Investment 10/19/2016 - President Abdel Fattah El Sisi issued a presidential decree to form a supreme council for investment under his chairmanship.

The council groups the prime minister, the governor of the Centr...
Sisi Says to Expedite Finalizing Projects, Social Care Programs in Upper Egypt, Sinai
Sisi Says to Expedite Finalizing Projects, Social Care Programs in Upper Egypt, Sinai 10/19/2016 - President Abdel Fattah El Sisi underlined the importance of speeding up the work progress in development projects and social care programs, particularly in Upper Egypt and Sinai.

Sisi also ca...
Egypt Participates in COMESA Summit in Madagascar
Egypt Participates in COMESA Summit in Madagascar 10/19/2016 - The 19th COMESA Summit kicked off in the Madagascan capital city of Antananarivo with the participation of a high-level Egyptian delegation.

The delegation comprised presidential aide for nat...
Sahar Nasr Talks Development Projects with New Kuwaiti Ambassador
Sahar Nasr Talks Development Projects with New Kuwaiti Ambassador 10/20/2016 - Egyptian Minister of International Cooperation Sahar Nasr met with the new Kuwaiti ambassador to Cairo Mohammed Saleh Thuwaikh, talking about accelerating the implementation of the development project...
Egypt Forms Committee to Set Profit Margins for Sale of Basic Goods
Egypt Forms Committee to Set Profit Margins for Sale of Basic Goods 10/20/2016 - Egypt's government has formed a cabinet-level committee that will determine how much profit can be made from the sale of essential goods, but will not set prices, Prime Minister Sherif Ismail said.
Egypt: New Administrative Capital to Provide Thousands of Jobs
Egypt: New Administrative Capital to Provide Thousands of Jobs 10/22/2016 - Housing Minister Mostafa Madbouly has said that the new administrative capital project will provide jobs to thousands of Egyptians.

“All Egyptians will work on this project,” he said , adding...
Sahar Nasr, EBRD Discuss Boosting Cooperation
Sahar Nasr, EBRD Discuss Boosting Cooperation 10/22/2016 - International Cooperation Minister Sahar Nasr held a meeting with Philip ter Woort, Director of the European Bank for Reconstruction and Development (EBRD).

During the meeting, Nasr praised c...
Egypt to Take Part in Dubai Global Village Activities
Egypt to Take Part in Dubai Global Village Activities 10/22/2016 - Egypt will take part in the Global Village activities due to open in early November 2016 in Dubai.

Egypt's participation aims at supporting the presence of the Egyptian products among the mos...
Egypt, Iraq Sign Mou in Aviation, Maintenance, Training
Egypt, Iraq Sign Mou in Aviation, Maintenance, Training 10/24/2016 - Civil Aviation Minister Sherif Fathy and Iraqi Transport Minister Kazem Finjan signed a memorandum of understanding on cooperation in the fields of aviation, maintenance and training.

The ...
105 British Tourists Arrive In Luxor
10/25/2016 - Luxor International Airport has received directs charter flight No. 762 from London carrying 105 tourists.

According to Public Relations Director at Luxor International Airport Bekhit Khai...
Egypt Rises to 122 in World Bank's 2017 Doing Business Report
Egypt Rises to 122 in World Bank's 2017 Doing Business Report 10/26/2016 - Egypt rose four places in the Doing Businesses index for 2017 compared to the last year's report to be placed 122nd out of 190 countries, the World Bank’s group said in its annual report released.
...
Egypt, Netherlands Discuss Joint Coop. In Greenhouses
Egypt, Netherlands Discuss Joint Coop. In Greenhouses 10/29/2016 - International Cooperation Minister Sahar Nasr discussed cooperation between Egypt and Netherlands especially in the fields of agriculture and greenhouses during her meeting with Netherlands' Ambassado...
Egypt, Jordan Sign Cooperation Protocol to Exchange Expertise
Egypt, Jordan Sign Cooperation Protocol to Exchange Expertise 10/29/2016 - The Agriculture and Land Reclamation Ministry, represented by the Agriculture Research Center, and the Jordanian Agriculture Ministry, represented by the National Center for Agricultural Research and ...
EFG-Hermes and HSBC Selected As Consultants For Banque Du Caire IPO
10/30/2016 - EFG-Hermes and HSBC have been selected as consultants for the initial public offer of state bank Banque du Caire, Egypt’s Deputy Finance Minister told Reuters.

“There is no date selected yet ...
Siwa Dates Factory Brought Back To Life with Emirati Funds
10/30/2016 - A date processing and packing factory in Siwa has been brought back to life after a 10-year closure with the help of Emirati funding.

The factory has been revived with the injection of LE5 mi...

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