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Financials and Investment News in Egypt

Egypt Irrigation Ministry Has Removed 12,000 Illegal Structures along Nile
Egypt Irrigation Ministry Has Removed 12,000 Illegal Structures along Nile 11/14/2016 - Egypt's Ministry of Irrigation has removed 12,061 structures illegally erected on the banks of the River Nile since January 2015, when the National Campaign to Save the Nile was launched by then-PM Ib...
Egypt Participates in Ifresh 2016 Expo in Shanghai
11/14/2016 - Egypt has participated in the 9th iFresh China Fruit & Vegetable Expo that kicked off in Shanghai, Egypt’s state-owned news agency MENA reported.

Egypt’s participation in the two-day expo aim...
Orange Egypt Completes Payment for 4G Mobile License
Orange Egypt Completes Payment for 4G Mobile License 11/14/2016 - Orange Egypt has completed payment for its fourth-generation mobile services license and submitted the outstanding $242 million it owed the Egyptian government, a company official told Reuters.
Al-Ahram Hebdo to Highlight French Investments in Egypt
11/15/2016 - Egypt's weekly French newspaper Al-Ahram Hebdo will host an economic conference on 22 November, in partnership with the French Embassy in Cairo and the French Chamber of Commerce and Industry, on the ...
World Bank Says Egypt to Get Next $1 Billion Loan Tranche by Early Jan
11/15/2016 - The World Bank will provide the second $1 billion tranche of its $3 billion budget support to Egypt by early January, the bank's vice president Hafez Ghanem said.

Egypt has been negotiating b...
Egypt’s cabinet approves 4 international deals worth $3.5 bln
Egypt’s cabinet approves 4 international deals worth $3.5 bln 11/16/2016 - Egyptian Cabinet approved four agreements signed between the Egyptian Ministry of International Cooperation and Germany, South Korea, Japan, and the Kuwaiti Fud for the Economic Development.

...
Egyptian Co. Opens Gold Treatment Plant in Ghana
11/16/2016 - Egyptian Euroget group has inaugurated a plant of gold treatment in Ghana with a cost at $110 million, Egyptian state-owned news agency MENA reported Egyptian ambassador to Ghana Mohamed Haider.
Egypt keen on supporting development, investment projects in Africa
11/16/2016 - Egypt's Ambassador to Rwanda Numira Negm said that Cairo pays great attention to encourage the Egyptian private sector and investors to take part in development and investment projects in Africa.
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Cairo signs agreement with UNDP to develop Upper Egypt
Cairo signs agreement with UNDP to develop Upper Egypt 11/16/2016 - Minister of International Cooperation Sahar Nasr inked an agreement with the United Nations Development Programme (UNDP) in order to complete a five-year Egyptian initiative on integrated development,...
Egypt Gets $1.5 Bln Inflows since FX Float
11/16/2016 - Egypt's net hard currency inflows have totalled about $1.5 billion, according to central bank data, since the Egyptian pound was floated on Nov. 3, the country's deputy finance minister Ahmed Kouchouk...
Egypt Says Happy With Impact of Currency Float, Inflows Surging
Egypt Says Happy With Impact of Currency Float, Inflows Surging 11/16/2016 - Egyptian authorities are happy with financial market movements since they floated the pound, and inflows of foreign exchange into the banking system are surging, deputy finance minister Ahmed Kouchouk...
Egypt, China Shanghai Sign Memo on Increasing Egyptian Agro-Exports
11/17/2016 - Egypt's Horticultural Export Improvement Association signed a memo with a key Shangahai company working in vegetables and fruits domain, Egyptian Consul in Shanghai Khaled Youssef said.

Un...
Egypt FM Meets Lebanese Investors Before Returning Home
Egypt FM Meets Lebanese Investors Before Returning Home 11/17/2016 - Egyptian Foreign Minister Sameh Shoukry hosted a banquet for more than 20 Lebanese investors who were either investing their money in Egypt or willing to do so, Foreign Ministry spokesman Ahmed Abu Ze...
45 Vessels Transit Suez Canal
45 Vessels Transit Suez Canal 11/17/2016 - Forty Five ships transited the Suez Canal, with a total cargo load of about 2.447 million tons.

The south-bound convoy included 17 vessels carrying 747,000 tons, while the north-bound conv...
Darwish: Sczone Planned To Be One of Most Important Seven Economic Axes Worldwide
Darwish: Sczone Planned To Be One of Most Important Seven Economic Axes Worldwide 11/17/2016 - Chairman of the Suez Canal Economic Zone Authority Ahmed Darwish said the Suez Canal's Economic Zone (SCZone) is expected to be one of the most important seven economic axes worldwide during the perio...
Banque Misr Receives $100 Mln in Remittances since Floatation of Egyptian Pound
Banque Misr Receives $100 Mln in Remittances since Floatation of Egyptian Pound 11/17/2016 - Since the Egyptian government has decided to float the value of the pound against the U.S. dollar on Nov. 3, Banque Misr has received a total of $100 million from the Egyptian expatriates’ remittances...
Egypt, New Zealand Sign Mou to Establish Joint Commercial Committee
11/17/2016 - Egypt and New Zealand signed a memorandum of understanding to establish a joint commercial committee to help beef up trade exchange between the two countries.

The MoU was signed by First S...
Egypt Finance Ministry Budget Deficit Drops to EGP76.8bn in 3 Months
11/18/2016 - Egypt’s budget deficit decreased in the period between July and September to hit EGP76.8 billion, according to a bulletin of the Finance Ministry.

The drop represents 2.4 percent of the gro...
Sahar Nasr: Egypt's Relations with France "Strong" At Political, Economic Levels
Sahar Nasr: Egypt's Relations with France 11/19/2016 - Minister of International Cooperation Sahar Nasr asserted that Egyptian-French relations are "strong" at the various political and economic levels that could establish bases for opening up horizons of...
German Investments in Egypt Reach 1.6 Bln Euro
11/20/2016 - The size of German investments in Egypt reached 1.6 billion Euro within the last period, announced Germany’s ambassador to Egypt, Julius Georg Luy.

According to the ambassador, the investmen...

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