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Financials and Investment News in Egypt

Sisi Urges Investment Funds to Participate In Promoting Egypt's Economic Development
Sisi Urges Investment Funds to Participate In Promoting Egypt's Economic Development 1/10/2017 - President Abdel Fattah El Sisi received a delegation gathering representatives of 27 regional and global investment funds, currently paying a visit to Cairo upon an invitation of EFG Hermes, to revie...
Egypt's Annual Headline Inflation Jumped to A Whopping 24.3 Pct in December
1/10/2017 - Egypt's annual headline inflation jumped to 24.3 percent in December compared to 20.2 percent in the previous month, weeks after the country freely floated its currency against the dollar in November,...
Sherif Ismail Meets Delegation of US Businessmen
Sherif Ismail Meets Delegation of US Businessmen 1/11/2017 - Prime Minister Sherif Ismail held a meeting with a visiting delegation of US businessmen.

The get-together was attended by the Egyptian ministers of trade, investment, finance, transport and ...
CBE Team Leaves for London to Promote Investment in Egypt
CBE Team Leaves for London to Promote Investment in Egypt 1/11/2017 - A delegation of the Central Bank of Egypt - under CBE Governor Tarek Amer - left Cairo for London on five-day visit to promote investment in Egypt.

During the visit, the delegation will meet ...
Egypt's Bourse Gains EGP 8.2bn
Egypt's Bourse Gains EGP 8.2bn 1/11/2017 - The Egyptian Exchange (EGX) indexes went up collectively at the close of trading due to purchase operations from Arab investors and Egyptian individuals amid optimism about President Sisi's anticipa...
Egypt to Hold Round One of Int'l Gold Mining Tender: EMRA
1/11/2017 - Bidding will open for five designated exploration areas in Sinai and the Eastern Desert

Egypt is set to open the highly anticipated first round of its first international gold and associated...
Egypt's Core Inflation Jumps to 25.86 Pct in December
Egypt's Core Inflation Jumps to 25.86 Pct in December 1/11/2017 - Egypt's annual core inflation jumped to 25.86 percent in December from 20.73 percent in November, the Central Bank of Egypt (CBE) said.

The jump is the second in as many months since the cen...
Egypt's H1 2016/17 Budget Deficit Narrows to 5 Pct
Egypt's H1 2016/17 Budget Deficit Narrows to 5 Pct 1/11/2017 - Egypt's budget deficit in the first half of 2016/17 narrowed to 5 percent from 6.3 percent in the same period a year earlier, Finance Minister Amr El-Garhy said

In July, when its financial y...
Egypt's Cabinet Approves IMF Loan Agreement; Refers Deal to Parliament
1/11/2017 - Egypt's cabinet approved the International Monetary Fund (IMF) loan agreement in a meeting, referring it to the country's parliament, the state news agency

In mid-August 2016, Egypt reached ...
Yields Rise at Egypt's Six-Month, One-Year T-Bill Auction
1/12/2017 - Average yields on Egyptian six-month and one-year treasury bills rose at an auction , central bank data showed.

The yield on 182-day treasury bills rose to 20.060 percent from 19.827 percent ...
Tarek Amer: Foreign Investors to Transfer Profits Abroad Soon
Tarek Amer: Foreign Investors to Transfer Profits Abroad Soon 1/14/2017 - Governor of the Central Bank of Egypt Tarek Amer said that foreign investors will be easily able to transfer their profits and capital abroad in the coming period.

Investment and capital infl...
Egypt to Host COMESA Economic Summit in April
1/14/2017 - Amani Asfour, the Chairperson of the Business Council of the Common Market for Eastern and Southern Africa (COMESA), said Egypt will host COMESA Summit in April.

In statements, Asfour said Eg...
Dalia Khorshid Government Seeks Attracting More Investments
 Dalia Khorshid Government Seeks Attracting More Investments 1/14/2017 - Investment Minister Dalia Khorshid asserted that the government seeks to amend legislation to bring in all kinds of investments.

Speaking at “Egypt’s Economy” conference organized by the inv...
Tareq Qabil: Government Gives Priority to Developing Textile, Automotive Sectors
Tareq Qabil: Government Gives Priority to Developing Textile, Automotive Sectors 1/14/2017 - The Egyptian government gives priority to developing the sectors of textile, automotive and chemical industries, Trade and Industry Minister Tareq Qabil said

Addressing a conference organize...
Sherif Fathy: Ireland Discuss Air Transport Cooperation
Sherif Fathy: Ireland Discuss Air Transport Cooperation 1/14/2017 - Civil Aviation Minister Sherif Fathy met with Irish Parliament Speaker Sean O Fearghail and his accompanying delegation.

In a press release, the Civil Aviation Ministry said Parliament Spea...
Egypt Says Foreigners Will Be Able to Repatriate Profits Soon
Egypt Says Foreigners Will Be Able to Repatriate Profits Soon 1/14/2017 - Egypt's Central Bank Governor Tarek Amer said that foreign investors would be able to repatriate profits and capital "in the coming period" now that hard currency reserves were recovering, state news...
Egyptian T-Bills Yields Rise at Weekly Auction
1/15/2017 - Yields on Egypt's three-month and nine-month treasury bills rose at an auction , central bank data showed.

Yields on the 91-day bill increased to an average of 19.017 percent from 18.889 perc...
Egypt Finmin Says Small Portion of Eurobond May Have 30 Year Tenor
1/15/2017 - Egypt's finance minister said that a small portion of the planned Eurobond issuance may include a 30-year tenor.

Egypt is targeting a Eurobond issuance of $2-$2.5 billion as it begins an inte...
Egypt Says Foreign Investment in Treasuries Set To Reach $10-11 Bln in One Year
Egypt Says Foreign Investment in Treasuries Set To Reach $10-11 Bln in One Year 1/15/2017 - Egyptian Finance Minister Amr El Garhy said he expected foreign investment in Egyptian treasury instruments to reach about $10-$11 billion in one year.

Egypt used to attract significant infl...
Egypt Sees Budget Deficit of 5pct in Jul-Dec of 2016/17, Targets 10pct in Full Fiscal Year
1/15/2017 - The government is due to start its promotional tour to issue $2-2.5 billion in dollar-denominated Eurobonds in the global bond market

Egypt’s budget deficit registered 5.1 percent in the firs...

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