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Financials and Investment News in Egypt

Sisi Asserts Necessity of Meeting Schedule of Urban, Industrial Cities Projects
11/27/2016 - President Abdel Fattah El Sisi asserted the necessity of meeting the schedule of completing new urban and industrial cities.

The president made the remark while chairing a meeting on governm...
Cairo Airport Travel Achieves 20% Growth during Q3
11/27/2016 - Cairo Airport Travel company achieved growth in reservations reaching up to 20 percent during the third quarter (Q3) of the year.

Cairo Airport Travel chairman Ali al-Halabi told the privatel...
Egypt, Norway sign deal to provide jobs to youths
11/28/2016 - Egypt and Norway signed a cooperation agreement to carry out a project aiming at providing jobs to young people in Qalyubia and Menoufia governorates.

In statements, International Cooperati...
Egypt to Issue the $2.5 to 3 Billion Eurobonds in January
Egypt to Issue the $2.5 to 3 Billion Eurobonds in January 11/28/2016 - Egypt will issue $2.5 to 3 billion-denominated Eurobonds in the global bond market in the first half of January, finance minister Amr El-Garhy said in a press conference.

In a press statement...
Sahar Nasr: Reports on minister article for WSJ 'inaccurate'
Sahar Nasr: Reports on minister article for WSJ 'inaccurate' 11/29/2016 - The International Cooperation Ministry said media reports on an article wrote by Minister Sahar Nasr for the US Wall Street Journal entitled "Egypt is Charting a New Economic Course" were "inaccurate"...
IDSC Refutes Laying off Egyptian Expats in Kuwait
11/29/2016 - The Information and Decision Support Center (IDSC) dismissed allegations of laying off Egyptian workers in Kuwait.

A fact finding report issued by the IDSC, said that it had contacted the...
Egypt's Sisi to Head to UAE for Two-Day Visit
Egypt's Sisi to Head to UAE for Two-Day Visit 11/30/2016 - Egypt’s President Abdel-Fattah El-Sisi is set to fly to the United Arab Emirates for a two-day visit, according to a statement from the presidency.

Presidential spokesman Alaa Youssef said...
Egypt's Tourist Numbers Increase 7 Pct in October against September 2016
Egypt's Tourist Numbers Increase 7 Pct in October against September 2016 11/30/2016 - The number of tourists visiting Egypt increased by 7 percent in October 2016 compared to September 2016, the state's official statistics body CAPMAS announced.

In an email press statement, CA...
Egypt's Exports to Turkey up by 13.2% within 9 Months
Egypt's Exports to Turkey up by 13.2% within 9 Months 12/1/2016 - Egypt's exports to Turkey witnessed a quantum leap from January until September 2016 against the same period of the previous year, said Trade and Industry Minister Tarek Qabil.

Egypt's expor...
40 Vessels Transit Suez Canal
40 Vessels Transit Suez Canal 12/1/2016 - Forty ships transited the Suez Canal, with a total cargo of 2.500 million tons.

The south-bound convoy included 12 vessels carrying 520,000 tons, while the north-bound convoy included 28 ship...
ELBA Member Urges More Economic Reforms in Egypt
12/1/2016 - A member of the Egyptian-Lebanese Businessmen Friendship Association (ELBA) hailed economic reforms currently conducted in Egypt, saying they have positive impact on business climate competitiveness. ...
Egypt affirms major role of multilateral trading system
12/3/2016 - Egypt's permanent envoy to the United Nations, the World Trade Organization (WTO), and other international organizations in Geneva Amr Ramadan affirmed the major role played by WTO to boost multilater...
Sahar Nasr takes part in GPEDC forum
Sahar Nasr takes part in GPEDC forum 12/3/2016 - International Cooperation Minister Sahar Nasr is leading Egypt's delegation to the second high-level meeting (HLM2) of the Global Partnership for Effective Development Cooperation (GPEDC), currently h...
Mustafa Madbouly receives WB delegation
Mustafa Madbouly receives WB delegation 12/4/2016 - Housing Minister Mustafa Madbouly held a meeting with a delegation from the World Bank visiting Egypt to follow up implementation of sewage projects established according to the Program-for-Results (P...
Amr El-Garhy: New Customs Tariffs on Luxury Goods Aim at Reducing Imports
Amr El-Garhy: New Customs Tariffs on Luxury Goods Aim at Reducing Imports 12/4/2016 - Minister of Finance Amr El-Garhy and Minister of Trade and Industry Tareq Kabil said that the recent decision to raise tariffs on a number of luxury goods aims to support local industry and reduce imp...
Egypt Signs Three Cooperation Agreements with Kuwait
Egypt Signs Three Cooperation Agreements with Kuwait 12/4/2016 - International Cooperation Minister Sahar Nasr signed on Sunday three agreements of cooperation with Abdel Wahab Badr, general director of the Kuwait Fund for Arab Economic Development at a value of LE...
Tarek Qabil: $500mln allocated to upgrade 6 industrial zones
Tarek Qabil: $500mln allocated to upgrade 6 industrial zones 12/4/2016 - Minister of Trade and Industry Tarek Qabil said yesterday that a package of measures are taken to start a program to upgrade 6 industrial zones in Qena and Sohag within an overall program financed by ...
Egypt's Long-Awaited Investment Law to Go Before Cabinet Shortly
12/5/2016 - A draft of a long-awaited Egyptian investment law aimed at reviving the country's economy and attracting foreign investors will be sent to the cabinet on Dec. 14, state news agency MENA reported .
CBE:Egypt's foreign reserves rise by $4 bln in November
CBE:Egypt's foreign reserves rise by $4 bln in November 12/5/2016 - The Central Bank of Egypt (CBE) said that the country's foreign reserves reached $23 billion by the end of November, up from $19 billion in October 2016, state news agency MENA reported.

On 1...
Egypt- Slovenia trade exchange hits 83m euros in first half of 2016
12/5/2016 - Trade exchange between Egypt and Slovenia hit about 83 million euros in the first half of 2016 compared with 86 million in the same period last year.

In a statement released, the Commercia...

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