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Financials and Investment News in Egypt

Civil aviation Min. praises German decision to lift restrictions on tourist flights to S. Sinai
3/9/2017 - Egyptian Civil Aviation Minister Sherif Yehia praised a decision taken by Germany to lift all restrictions on tourist flights to South Sinai.

The decision will have a positive impact on the ...
Cairo Hosts First Meeting of Egypt-New Zealand Committee
3/11/2017 - The trade agreements and foreign trade sector at the Trade and Industry Ministry hosted its first meeting of the joint trade committee between Egypt and New Zealand to discuss ways of boosting trade c...
Egyptian-Lebanese Business Council to Convene In Cairo by End of March
3/11/2017 - The Egyptian-Lebanese business council will convene in Cairo by the end of March after both sides re-form it.

The meeting will be held on the fringe of the Egyptian-Lebanese higher committee....
Sisi Started to Put Egypt Back on Sensible Economic Track
Sisi Started to Put Egypt Back on Sensible Economic Track 3/11/2017 - There are signs that President Abdel Fattah El Sisi is starting to put Egypt back on a more sensible economic track, The Economist said in its weekly edition.

In an editorial themed "Egypt’s...
Egyptian-Turkish Business Council to meet for first time since 2013
3/12/2017 - Relations between Turkey and Egypt grew strained after the ouster of Egypt's president Mohamed Morsi, a close ally of Recep Tayyip Erdogan's AKP government

The Egyptian -Turkish Business Coun...
Sherif Ismail investment minister review investment plan
Sherif Ismail investment minister review investment plan 3/12/2017 - Prime Minister Sherif Ismail discussed with Investment and International Cooperation Minister Sahar Nasr the ministry's plan of action within the framework of the economic reform program.

Ism...
Sherif Ismail Planning Minister Probe Economic, Social Development Plan
Sherif Ismail Planning Minister Probe Economic, Social Development Plan 3/12/2017 - Prime Minister Sherif Ismail discussed with Minister of Planning Hala el-Saed the economic and social development plan for the year 2017/2018.

The plan aims at increasing the rates of invest...
Sherif Ismail Meets agriculture, irrigation ministers
Sherif Ismail Meets agriculture, irrigation ministers 3/12/2017 - Prime Minister Sherif Ismail met with Minister of Water Resources and Irrigation Mohamed Abdel Aati and Minister of Agriculture and Land Reclamation Abdel Monem el-Banna.

The meeting dealt wi...
Egypt: Finance Ministry Auctions EGP 11bn T-Bonds
3/13/2017 - The Finance Ministry auctioned treasury bills at a total value of 11 billion pounds.

In an online statement, the ministry said it sold EGP 5.75 billion of 91-day T-bills with an average yield...
Sahar Nasr Confers With Businessmen on Investment Opportunities in Egypt
Sahar Nasr Confers With Businessmen on Investment Opportunities in Egypt 3/13/2017 - Investment and International Cooperation Minister Sahar Nasr met with Chairman of Naeem Holding for Investment Hussein Shobokshi and Abdullah el-Noqrashi, the director general of Majid Al-Futtaim Gro...
Sahar Nasr: Investment Minister Holds Workshop with WB Delegation
Sahar Nasr: Investment Minister Holds Workshop with WB Delegation 3/13/2017 - Investment and International Cooperation Minister Sahar Nasr held a workshop to post a World Bank (WB) delegation on steps the Egyptian government is taking until May to initiate trade activities, is...
Sherif Ismail Forms Committee to Provide Affected People in N. Sinai with Relief
Sherif Ismail Forms Committee to Provide Affected People in N. Sinai with Relief 3/13/2017 - Prime Minister Sherif Ismail decided to form a committee tasked with providing the affected people in North Sinai with relief.

The committee will be chaired by North Sinai governor.

...
Egypt's Economic Reforms Have Effect on Macroeconomics
3/13/2017 - The recent economic reforms applied by the Egyptian government have an important effect on the macroeconomic package, in addition to increasing investment and growth rates that will lead to the creati...
Egypt: World Bank Official Lauds Egypt's Efforts to Improve Investment Atmosphere
3/14/2017 - Vice President of the World Bank Jan Walliser has lauded Egypt's recent efforts and economic reform measures that helped improve the country’s international rank in the investment field.

Duri...
Egypt: Transport Minister Probes with Jordanian Ambassador Joint Cooperation
3/14/2017 - Minister of Transport Hisham Arafat received Jordan's Ambassador in Cairo Ali Al Ayed to discuss joint cooperation in the transport domain.

A statement issued by the Ministry said the meeting...
Egypt Bourse Records Collective Rise
Egypt Bourse Records Collective Rise 3/14/2017 - The Egyptian Exchange (EGX) indices closed transactions with a rise, driven by purchases of institutions and foreign investments funds.

The market capital gained about 100 million pounds to ...
Egyptian Pound at Weakest Rate in A Month on High Dollar Demand
3/14/2017 - The Egyptian pound traded at its weakest rate in roughly one monthas dollar demand for imports ahead of the Ramadan holy month continued to put pressure on bank liquidity.

Banks were selling ...
Egypt: Electricity Ministry Plans New Price Increases
3/14/2017 - The Electricity Ministry is studying a number of scenarios for the new tariff being introduced to electricity prices, which will go into effect as of June, sources within the ministry

The E...
Sahar Nasr, Saleh Kamel Review Boosting Investments in Egypt
Sahar Nasr, Saleh Kamel Review Boosting Investments in Egypt 3/15/2017 - Investment and International Cooperation Minister Sahar Nasr reviewed with Chairman of the Egyptian-Saudi Business Council Saleh Kamel means of boosting investments in Egypt.

During a meeting...
Sherif Ismail Opens Cairo Int'l Fair
Sherif Ismail Opens Cairo Int'l Fair 3/15/2017 - Prime Minister Sherif Ismail opened the 50th Cairo International Fair, which is considered the largest trade exhibition ever held in the Arab region.

CIF - due to last until March 24 - coinci...

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