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Financials and Investment News in Egypt

Violation of Petroleum Distribution and Trading System
3/23/2012 - The Minister of Supply and Home Trade confirmed the necessity of issuing decree by the military governor criminalizing and intensifying punishment on those who violates the petroleum materials distrib...
Al-Ganzoury Received Mustafa Al-Regbany
3/23/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, received the Libyan Minister of Labour Mustafa Al-Regbany, in attendance of the Minister of Manpower and Migration. Al-Regbany confirmed that he gives priority t...
Dr.Kamal Al-Ganzoury Received Klaus Holm
3/23/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, received Klaus Holm Chief Executive Officer of Maersk the container shipping company and members of the board. The meeting was attended by the Minister of Transp...
Al-Ganzoury Supports Local Investments
3/24/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting of the committee on investors’ lands in logistic zones, in attendance of Ministers of Interior, Industry and Foreign Trade, Supply and Home Trade, C...
EGP 1.668 Billion Paid to Beef Up Egypt’s Exports
3/24/2012 - Export Development Fund (EDF) paid EGP 1.668 billion to export companies during the current fiscal year from July 2011 to January 2012 with a view to shoring up Egypt's exports, said Minister of Indus...
EGP 5.74 Million for Nile Basin Development Projects
3/24/2012 - Minister of Finance Dr. Momtaz El-Saeed on 23/03/2012 said that the Ministry of Finance agreed to provide EGP 5.32 million within the framework of completing allocations for the Nile Basin support ini...
IMF Mission Visits Egypt
3/26/2012 - Planning and International Cooperation Minister Fayza Abul-Naga said an IMF technical mission is expected in Cairo on 27/3/2012 for the third round of negotiations on a $3.2 billion loan to Egypt. Abu...
Egyptian Exports to EU Increased 20%
3/26/2012 - Egyptian exports to the EU during the first 11 months of 2011 have increased by 20% to reach $ 8.9 billion above their level during the same period of 2010. This was reported in the media quoting a st...
Egypt Currency Likely to Stabilize in 2012
3/29/2012 - The Egyptian pound is unlikely to depreciate this year if the country manages to secure a long-awaited IMF loan, a prominent Cairo-based economist has told Ahram Online. Since the country's uprising b...
Dr. Al-Ganzoury Meets Swedish Ambassador to Cairo
3/30/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, receives the Swedish Ambassador to Cairo Malin Kärre, in attendance of Assistant to Foreign Minister for European Affairs. The meeting discussed means of enhanci...
Czech Delegation to Visit Egypt to Probe Investment Chances
3/30/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa said a high-profile Czech delegation will visit Cairo next week under Czech Foreign Minister Karel Schwarzenberg. Heads of 15 major Czech companies...
Galal Moustafa Meets with Faisal Hammad
3/30/2012 - Minister of Transport Galal Moustafa el-Saeed met on March, 29 2012 with his Sudanese counterpart Faisal Hammad, in the presence of Sudan's ambassador in Cairo Kamal Hassan. The minister said that the...
Ganzouri, Malin Karre Discuss Economic Relations
3/31/2012 - Prime Minister Kamal Al-Ganzouri received on 30March 2012 Swedish Ambassador in Cairo Malin Karre for talks on means to boost Egypt-Swedish relations in all spheres, with firm eye on the economic and ...
A Wind-Power Farm to be Established in Gabal-el-Zeit
3/31/2012 - Ministry of Electricity and Energy started the implementation of the largest project for establishment of a wind farm to produce electricity in Gabal-el-Zeit on the Red Sea Coast with a total capacity...
Al Ganzouri Discusses Economic Situation
4/1/2012 - Prime Minister Kamal al Ganzouri held a meeting on 31 March 2012 of the financial and economic affairs committee. The ministers of planning, international cooperation, supply and internal trade, finan...
Egyptian Trade Delegation Heads for Israel
4/2/2012 - An Egyptian trade delegation left Cairo on 1/4/2012 to Israel on the first ever visit after the January 25 Revolution. The visit is aimed at holding talks with Israeli officials on issues related to t...
Egyptian Delegation Visits Israel to Discuss Trade Ties
4/2/2012 - An Egyptian delegation arrived in Israel on Sunday to discuss economic ties between the two countries in the first visit of its kind since the toppling of Hosni Mubarak, the state-run Al-Ahram newspap...
L.E. 13 Million for Kafr El Shiekh Governorate
4/2/2012 - L.E. 13 million budget funds were allocated by the Ministry of health to Kafr El Shiekh Governorate to assure availability of basic and emergency medicines also medical requisites at general and centr...
Egypt still Safe Despite Reserves Drop
4/2/2012 - Egypt's net foreign reserves fell to $15.119 billion at the end of March, Egypt's central bank announced on its website. Reserves have fallen around $660.6 million over the last month, down from $15.7...
al-Ganzouri Czech Deputy Meet on Bilateral Cooperation
4/3/2012 - Prime Minister Kamal al-Ganzouri met on 2/4/2012 with Deputy Prime Minister and Minister of Foreign Affairs of the Czech Republic Karel Schwarzenberg for talks on bilateral cooperation, particularly i...

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