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Financials and Investment News in Egypt

Dalia Khorshed: Investment Minister Back Home from Davos Forum
Dalia Khorshed: Investment Minister Back Home from Davos Forum 1/21/2017 - Investment Minister Dalia Khorshed returned home from Switzerland wrapping up an official visit to the European country during which she attended the World Economic Forum in Davos.

While in ...
Egypt: Growth Rate Improves by 3.4%: Planning Minister
1/22/2017 - The growth rate during the first quarter of fiscal year 2016/17 has seen a 3.4 percent improvement, said Planning Minister Ashraf al-Araby.

During a press conference , Araby said investment r...
Sahar Nasr Int'l Cooperation Minister Meets Arab Ministers on Fringe of Davos
Sahar Nasr Int'l Cooperation Minister Meets Arab Ministers on Fringe of Davos 1/22/2017 - Minister of International Cooperation Sahar Nasr wrapped up her participation in Davos Economic Forum with a series of meetings with officials from the international finance foundations and ministers ...
Egypt, Germany Discuss Agricultural Cooperation
1/22/2017 - Minister of Agriculture Essam Fayed and German Minister for Food and Agriculture Christian Schmidt have discussed the full activation of Egyptian-German partnership to develop the agricultural sector ...
Egypt: China’s Good Sense to Establish $100 Mln Aluminium Factory in Egypt
Egypt: China’s Good Sense to Establish $100 Mln Aluminium Factory in Egypt 1/22/2017 - China's Guangzhou Goodsense Decorative Building Materials Co. Ltd. is set to establish a new factory in Egypt with an Egyptian-Saudi-Chinese capital of $100 million to manufacture aluminium composite ...
Tarek Qabil: Trade Minister $100-M Aluminum Factory to be Established In Ataqa
Tarek  Qabil: Trade Minister $100-M Aluminum Factory to be Established In Ataqa 1/23/2017 - A major Chinese company will establish a factory in Egypt to manufacture aluminum composite panels at a cost of $100 million, said Trade Minister Tareq Qabil.

Located in Ataqa industrial zone...
Ashraf el-Araby: Planning Minister: Growth Rate Up To 3.4% in 1st Quarter of 2016-2017
1/23/2017 - The first quarter of the FY 2016-2017 witnessed an improvement in growth, which reached 3.4%, according to Planning Minister Ashraf el-Araby.

Investments increased by one percent in the same ...
Egypt: Sczone to be Among World's Best 7 Investment Destinations By 2035
1/23/2017 - Chairman of the Suez Canal Economic Zone (SCZone) Ahmed Darwish said on that his organization plans to be one of the world's best seven investment destinations by 2035.

Addressing a conferenc...
Sherif Ismail: Pm Forms Committee to Combat Illegal Immigration, Human Trafficking
Sherif Ismail: Pm Forms Committee to Combat Illegal Immigration, Human Trafficking 1/24/2017 - Prime Minister Sherif Ismail issued a decision to form a committee to combat the illegal immigration and human trafficking.

Named the national coordinating committee for combating and preven...
Egypt:36 Ships Transit Suez Canal
1/24/2017 - Thirty-six ships transited the Suez Canal with a total cargo of 2.4 million tons.

The south-bound convoy included 23 vessels carrying 1.2 million tons, while the north-bound convoy included ...
Egypt: Parliament Speaker Urges Canada to Take Decisive Step against the Muslim Brotherhood
1/24/2017 - Parliament Speaker Ali Abdel Aal urged Canada to take a firm stance against the Muslim Brotherhood group, noting that many members of the terrorist group were living on its soil.

Addressing ...
Sahar Nasr: Int'l Cooperation Ministry Working to Increase Funds to Women By 50%
Sahar Nasr: Int'l Cooperation Ministry Working to Increase Funds to Women By 50% 1/24/2017 - International Cooperation Minister Sahar Nasr said her Ministry is providing training and finance for youth and women.

Nasr's remarks followed an announcement by President Abdel Fattah El Si...
Egypt Begins Marketing Triple-Tranche Eurobond at 6.375 to 8.875 Pct
1/24/2017 - Egypt began marketing a triple-tranche U.S. dollar-denominated benchmark bond issue with yields ranging between 6.375 and 8.875 percent, bankers involved in the deal said.

The five-year tran...
Egypt: Growth Rate of Egypt's Exports Reaches 7.4% In 2016
1/24/2017 - Egypt’s non-petroleum exports increased by 7.41 percent in 2016, compared to the rate of exports achieved in 2015, reaching US$19.118 billion in 2016 up from around US$17.8 billion in 2015, Al-Borsa n...
Egypt Plans Currency Swap with Russia
 Egypt Plans Currency Swap with Russia 1/24/2017 - The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with China in October, an senior Finance Ministry official told Al Mal...
Sahar Nasr: Int’l Cooperation Min., EC Delegation Discuss Shoring up Smes
Sahar Nasr: Int’l Cooperation Min., EC Delegation Discuss Shoring up Smes 1/25/2017 - International Cooperation Minister Sahar Nasr discussed with a delegation of the European Commission (EC) increasing funds for small and medium-sized enterprises (SMEs).

The delegation group...
Egypt Asks For US$400 Million Loan from World Bank
Egypt Asks For US$400 Million Loan from World Bank 1/25/2017 - The Egyptian government asked for US$400 million loan from the World Bank to finance labor-intensive projects with 50 percent of the loan, while the other half will finance micro and small-sized enter...
Egypt's Bourse Gains 7.5 Billion Pounds
Egypt's Bourse Gains 7.5 Billion Pounds 1/26/2017 - The Egyptian Exchange indices recorded collective gains at early trading backed by purchases by foreign institutions, investment funds and Egyptian and Arab individual investors

. The market ...
Egypt WEF Makes Progress in Financial Services Index
1/26/2017 - The 2017 World Economic Forum (WEF)’s report showed that Egypt has made remarkable progress in several indexes of non-banking financial services, Chairman of the Egyptian Financial Supervisory Authori...
Remarkable Progress Made in Social Housing Projects in Upper Egypt
1/28/2017 - Egypt has implemented several projects over the past period in drinking water, sanitation and developing slum areas, said Housing Minister Mostafa Madbouli.

Speaking at the national youth co...

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