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Financials and Investment News in Egypt

Sherif Ismail chairs Supreme Energy Council meeting
2/2/2017 - Prime Minister Sherif Ismail chaired a meeting of the Supreme Energy Council.

During the meeting, a request by the National Company for Fertilizers and Chemicals to get a share of natural gas...
Egypt to Offer Banque Du Caire's Shares on Bourse in 'Few Months'
Egypt to Offer Banque Du Caire's Shares on Bourse in 'Few Months' 2/4/2017 - Banque Du Caire, one of Egypt's largest and oldest public lenders, has filed a request at the Egyptian Stock Exchange to see its shares offered through an initial public offering on the bourse in the ...
Egypt :IMF to Review Egypt’s Economic Reforms Progress Before Second Loan Tranche
2/4/2017 - A delegation from the International Monetary Fund (IMF) started meetings in Cairo with ministers of the economic group of the cabinet to review the performance of the Egyptian economy almost 3 months ...
Sisi Affirms ICT Important Role in Improving National Economy
Sisi Affirms ICT Important Role in Improving National Economy 2/5/2017 - President Abdel Fattah El Sis affirmed the importance of the communication sector in pushing forward the national economy.

Receiving Minister of Communications and Information Technology Yas...
Egypt: US Mulls Cooperation with Suez Canal Zone
Egypt: US Mulls Cooperation with Suez Canal Zone 2/5/2017 - Head of the Suez Canal Economic Zone Ahmed Darwish met with Carl Kress, the US Trade and Development Agency (USTDA) Regional Director for East Asia, the Middle East, North Africa and Europe.

...
Egypt's Foreign Reserves Climb to $26.3 Bin in January: CBE
 Egypt's Foreign Reserves Climb to $26.3 Bin in January: CBE 2/5/2017 - The Central Bank of Egypt (CBE) said that the country's foreign reserves hit $26.3 billion at the end of January 2017, rising from $24.2 billion last month. The announcement comes a few days after c...
The Central Bank of Egypt Foreign reserve up to Dollars 26.3bn in January
The Central Bank of Egypt Foreign reserve up to Dollars 26.3bn in January 2/6/2017 - The Central Bank of Egypt (CBE) announced an increase in the foreign currency reserve by 2.1 billion dollars in January to reach 26.3 billion dollars against 24.2 billion dollars in December 2016.
Egypt's Foreign Reserves Rise to US$26.363 Bin at End of January
2/6/2017 - Egypt's net foreign reserves rose to US$26.363 billion at the end of January from US$24.265 billion as of the end of December, the central bank said

The country had roughly US$36 billion in ...
Egypt, Indonesia Prepare for 6th Higher Committee Meetings
Egypt, Indonesia Prepare for 6th Higher Committee Meetings 2/6/2017 - International Cooperation Minister Sahar Nasr received Indonesian Foreign Minister Retno Marsudi in the presence of Indonesian Ambassador to Egypt Helmi Fawzi.

They discussed preparations for...
Money Transfers by Egyptian Expats Increases to 4.6 Bin Dollars in Q4 Of 2016
Money Transfers by Egyptian Expats Increases to 4.6 Bin Dollars in Q4 Of 2016 2/7/2017 - The Central Bank of Egypt (CBE) said that money transfers by Egyptians abroad rose 500 million dollars to reach 4.6 billion dollars in the fourth quarter of 2016, compared to 4.1 billion dollars a ye...
Fao Lauds Cooperation with Egypt in Training Djiboutian Irrigation Cadres
2/7/2017 - Egypt’s Ambassador to Djibouti Ahmed Adel Sobhi took part in a meeting organized by the UN Food and Agriculture Organization (FAO) office in Djibouti to review the outcome of training a number of Djib...
Egypt: Remittances Rise 15.4 Pct Year-on-Year Following EGP Flotation
Egypt: Remittances Rise 15.4 Pct Year-on-Year Following EGP Flotation 2/7/2017 - Remittances sent to Egypt by nationals abroad grew by 15.4 percent to $1.6 billion in December 2016 compared to the same month of the previous year, the Central Bank of Egypt stated

Accordin...
Sherif Ismail Reviews Plan to Develop Agricultural Bank of Egypt
Sherif Ismail Reviews Plan to Develop Agricultural Bank of Egypt 2/8/2017 - Prime Minister Sherif Ismail chaired a meeting to discuss the government’s plan to restructure the Agricultural Bank of Egypt.

The meeting was attended by the governor of the Central Bank of ...
The Central Bank of Egypt Foreigners' Purchases in Egyptian Treasury Bills Hit New High Since 2011
The Central Bank of Egypt Foreigners' Purchases in Egyptian Treasury Bills Hit New High Since 2011 2/8/2017 - The Central Bank of Egypt (CBE) said that foreign investors continued to pump new investments in the government's treasury bills in January this year for the third month in a row after the pound was ...
Egypt bourse approves listing of Banque du Caire
Egypt bourse approves listing of Banque du Caire 2/8/2017 - Egypt's bourse has approved the listing of state-owned Banque du Caire, a statement from the bourse said.

Banque du Caire applied to list on the Egyptian exchange with a capital of 2.25 billi...
The Central Bank of Egypt Foreign Currency Reserves Can Cover 6 Months of Imports
The Central Bank of Egypt Foreign Currency Reserves Can Cover 6 Months of Imports 2/8/2017 - The foreign currency reserves at the Central Bank of Egypt (CBE) are able to cover Egypt's imports for a period of six months as of the end of January, after Egypt's net foreign reserves rose to US$26...
Egypt: Matrouh Governor Signs Final Contracts for 3 Major Investment Projects
2/8/2017 - Matrouh Governor Alaa Abu Zeid signed the final contracts of three major investment projects worth 2 billion pound in the fields of tourism and urban development.

The initial contracts were ...
Egyptian Stock Exchange Approves Banque Du Caire Request for IPO
Egyptian Stock Exchange Approves Banque Du Caire Request for IPO 2/8/2017 - The Egyptian Stock Exchange approved a request filed by Banque Du Caire, one of Egypt's largest and oldest public lenders, to offer its shares through an initial public offering (IPO) with a capital ...
Egyptian Parlt Delegation Inaugurates Egyptian Pavilion in Berlin Fruit Logistica 2017
2/9/2017 - A 12-member Egyptian parliamentary delegation and Egyptian Ambassador in Germany Badr Abdel Aati inaugurated the Egyptian pavilion in an exhibition for vegetables and fruits in Berlin known as Fruit L...
Egyptian Trade Mission to Kenya Aims to Promote Economic Ties
2/12/2017 - An Egyptian trade mission to Kenya aims at enhancing trade and economic relations between the two countries, Trade and Industry Ministry First Undersecretary Ahmed Antar said , referring to arrangemen...

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