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Financials and Investment News in Egypt

Abu El Naga Supports Projects in Animal Production
4/3/2012 - Fayza Abul-Naga, Minister of Planning and International Cooperation with the Sudanese counterpart, Ms.Sayed Mahmoud Eshraka study the implementation of strategic projects for cooperation between the t...
New Electronic System for Marketing Egyptian Products
4/6/2012 - The International Trade Point in the Ministry of Industry and Foreign Trade has established a "Trade Mail" system to serve the Egyptian companies.This new system allows the Egyptian manufacturers to o...
L.E. 400 Million to Rehabilitate and Revamp Projects
4/6/2012 - Holding Co. for Spinning, Weaving and Garments has applied for L.E. 400 million investments to back rehabilitation and revamping projects at three subordinated companies. That was reported in the medi...
New Electric Grid to Link North and South Sinai
4/7/2012 - Minister of Electricity and Energy Dr.Hassan Younis said that a circular integrated electric network has been establishing to link the north and south of Sinai to the national electricity grid and pro...
Abul Naga Probes Cooperation with MIGA
4/8/2012 - Planning and International Cooperation Minister Fayza Abul Naga discussed on 7/4/2012 with deputy chairman of Multilateral Investment Guarantee Agency (MIGA) Michel Wormser ways to allow Egypt benefit...
Egyptians Receive a Third of Deferred Iraqi Transfers
4/9/2012 - Egyptian citizens have received around LE781 million ($130m) representing assets they lost in Iraq due to the Gulf War, the central bank said. This sum, transferred by the Iraqi government to Egypt's ...
SAP Invests $450 Million in the Region
4/9/2012 - SAP unveiled its intention to invest U.S. $450 million during the next four years to develop local talent and promote growth and innovation in the Middle East and North Africa, and the Egyptian market...
Opening the Project of Japanese Cars Production in Egypt
4/10/2012 - Dr. Mahmoud Issa, Minister of Industry and Foreign Trade, said there is great potential for development and growth of the automotive industry and components necessary to meet the needs of the local ma...
Continuation of Italian Investments in Egypt
4/10/2012 - Dr.Kamal Ganzouri the Prime Minister, during a joint press conference which was held yesterday with “Mario Monti” Italy's prime minister, assure that it was agreed between the two sides to hold partne...
Al-Ganzouri Reviews 10-year Development Strategy
4/11/2012 - Prime Minister Kamal al-Ganzouri reviewed, in a ministrial meeting, a planning-and-development strategy for the next 10 years. In a joint press conference on 10/4/2012 with Ministers of Environment an...
Domestic Financial Liquidity Hit LE 1.04 Trillion
4/11/2012 - Domestic financial liquidity at the end of January this year hit LE 1.04 trillion, according to a report by the Central Bank of Egypt. The figure signals an increase by about LE 5.34 billion or 4.3 % ...
Development of Al-Lewa Land in Giza Governorate
4/14/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, decreed the development of properties of the Egyptian Awkaf Authority affiliating Al-Agouza district on 14 feddans to serve residents of Al-Lewa Land through ent...
EGP 600 Million for Egypt Exports Programs
4/15/2012 - Minister of Finance Momtaz el-Saeed said on 14/4/2012 his ministry will allocate EGP 600 million for exports programs for the period from April to June. Up to EGP 200 million will be channeled into th...
Investments of EGP60 Billion in Sinia
4/16/2012 - Prime Minister Kamal el-Ganzouri held a meeting on Sunday 15/4/2012 to tackle the Sinai development file. The meeting discussed preparing a comprehensive development plan in Sinai with investments of ...
Growth of Small and Medium Industries in Egypt
4/17/2012 - Said Walter Hirsch, former Minister of Economy, Labour and Transport of Saxony state of Germany, that Egypt has great opportunities for the growth of small and medium industries, as well as energy, to...
IDB to Invest $100 Million on Infrastructure Projects
4/17/2012 - The International Finance Corp (IFC), a member of the World Bank Group, and Islamic Development Bank (IDB) jointly plan to invest up to $100 million on major infrastructure projects across the Middle ...
New Law to Encourage Energy Investments
4/17/2012 - The Ministry of Electricity has finished drafting a new unified law for electricity to be submitted to the parliament. The law will be the primary legislation for the energy sector in Egypt and it enc...
Egypt’s Cooperation with Arab Financing Institutions
4/18/2012 - Planning and International Cooperation Minister Fayza Abul-Naga praised on 17/4/2012 Egypt's cooperation and strong partnership with the Arab financing institutions, which channeled to Egypt funds tot...
El-Ganzouri Discusses Industry Sector Problems
4/18/2012 - In a ministerial meeting on 17/4/2012, Prime Minister Kamal el-Ganzouri discussed industry sector support to enable it to compete. Ministers of industry, trade, petroleum and education and representat...
Government Keen to Solve Citizens’ Problems
4/20/2012 - Prime Minister Kamal el-Ganzouri said his government, since day one, has been working on solving the citizens' problems. Since coming to office, the government held 15 Cabinet meetings, three Council ...

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