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Financials and Investment News in Egypt

Sahar Nasr assigned to temporarily assume post of public business sector Minister
Sahar Nasr assigned to temporarily assume post of public business sector Minister 3/15/2017 - Prime Minister Sherif Ismail issued a decree No.611/2017 to assign Minister of Investment and International Cooperation Sahar Nasr to temporarily assume the post of the minister of public business sec...
Sisi follows up construction of new administrative capital
Sisi follows up construction of new administrative capital 3/15/2017 - President Abdel Fattah El Sisi held a meeting to follow up the construction of the new administrative capital.

The meeting was attended by Prime Minister Sherif Ismail, Housing Minister Mosta...
Sisi Asserts Importance of Social, Environmental Dimensions of Lakes' Development
Sisi Asserts Importance of Social, Environmental Dimensions of Lakes' Development 3/15/2017 - President Abdel Fattah El Sisi reiterated the importance of the social and environmental dimensions of development plans set for communities surrounding lakes nationwide.

The president made ...
Egypt Raises Customs Dollar As Greenback Strengthens Against Egyptian Pound
3/15/2017 - Egypt's finance ministry is set to raise the customs dollar exchange rate to EGP 17 from EGP 15.7 for two weeks effective as of the ministry's media office

Finance Minister Amr El-Garhy said...
Amr El-Garhy IMF delegation to visit Egypt from April 28 to May 8
Amr El-Garhy IMF delegation to visit Egypt from April 28 to May 8 3/15/2017 - A delegation from the International Monetary Fund will visit Egypt from April 28 to May 8, Egyptian Finance Minister Amr El-Garhy

In November, Egypt agreed on a three-year loan deal with the...
Sahar Nasr in Talks with WB on Improving Business Environment
Sahar Nasr in Talks with WB on Improving Business Environment 3/16/2017 - Minister of Investment and International Cooperation Sahar Nasr discussed in a meeting with a high-level mission from the World Bank Group (WB) technical cooperation in improving and developing the in...
Sherif Ismail Govt Seeks to Increase Exports, Improve Production
Sherif Ismail Govt Seeks to Increase Exports, Improve Production 3/16/2017 - Prime Minister Sherif Ismail stressed that the government seeks to increase Egyptian exports, improve production and activate the role of the Egyptian industry.

Speaking after opening the 50t...
Egypt Targets Less Than 10% Deficit in Draft Budget 2017/18
Egypt Targets Less Than 10% Deficit in Draft Budget 2017/18 3/16/2017 - Egypt's Minister of Finance Amr El-Garhy has said the deficit in the draft budget for the coming fiscal year 2017/18 is expected to be lower than 10 percent of gross domestic product, citing tax reven...
Average yield on Egypt T-bills rise at auction
3/16/2017 - Average yields on Egypt's one-year and six-month treasury bills rose at an auction, data from the central bank showed.

The 182-day treasury bills rose to 19.388 percent from 18.657 percent at...
Egypt’s Improved Reforms and Policies Serve as Key Factors to Attract Fdis
3/16/2017 - According to a statement by the UAE Ministry of Economy's Annual Investment Meeting, AIM, Egypt’s economy, industry and start-ups are currently experiencing impressive growth, where the country has be...
Sahar Nasr Justice Ministers Discuss Investment Laws
Sahar Nasr Justice Ministers Discuss Investment Laws 3/18/2017 - Investment Minster Sahar Nasr discussed at a meeting with Justice Minister Hossam Abdel Rehim investment laws and the role of specialized economic courts in settling disputes related to activities of ...
Ahmed Darwish China Largest Investor In Egypt's Suez Canal Zone
3/18/2017 - China is the largest investor in the development of Egypt's Suez Canal Corridor, said Ahmed Darwish, the Chairman of the Suez Canal Economic Zone (SCZone), in an interview with Xinhua news agency.
...
Mohab Mamish Vessel Traffic in Suez Canal is Regular
3/18/2017 - Chairman of the Suez Canal Authority (SCA) Mohab Mamish asserted that ships are passing normally and without delay through the waterway.

In a press release, Mamish said that Suez Canal hit hi...
Moustafa Madbouly: Egypt Seeks Using Nanotechnology in Construction Domain
3/18/2017 - Housing Minister Moustafa Madbouly said Egypt seeks to use nanotechnology in the construction domain as this would develop construction methods.

Addressing the 9th International Conference on...
Tarek Qabil Delegation of Major Polish Firms Visit Egypt within Months
Tarek Qabil Delegation of Major Polish Firms Visit Egypt within Months 3/18/2017 - Minister of Trade and Industry Tarek Qabil said a delegation of major Polish companies will pay a visit to Egypt within the few coming months to get briefed on investment potentials in Egypt.

...
Egypt, Poland seek boosting economic, cultural cooperation
Egypt, Poland seek boosting economic, cultural cooperation 3/18/2017 - Trade Minister Tarek Qabil had talks with Polish Deputy Premier and Minister of Culture Piotr Glinski on means of promoting cooperation in the economic and cultural domains.

In a statement is...
Sisi Looking Forward to Increasing British Investments in Egypt
Sisi Looking Forward to Increasing British Investments in Egypt 3/19/2017 - President Abdel Fattah El Sisi said he is looking forward to boosting British investments in Egypt.

President Sisi made the remark during a meeting with a delegation of the Conservative Middl...
Egypt, World Bank Launch $500 Million Upper Egypt Development Programme
3/20/2017 - Egypt and the World Bank launched the $500 million Upper Egypt Local Development Programme, the bank announced.

In an e-mailed statement, the World Bank said that “the $500 million World Bank...
Sisi Urges Support for Export Industries
Sisi Urges Support for Export Industries 3/20/2017 - President Abdel Fattah El Sisi asserted the necessity to support export industries as part of an industrial development strategy.

Speaking during a meeting with Prime Minister Sherif Ismail a...
Egypt Expects $13-15 Bln in Foreign Investment Next Fiscal Year
Egypt Expects $13-15 Bln in Foreign Investment Next Fiscal Year 3/20/2017 -  Egyptian Finance Minister Amr El Garhy said his country was expecting foreign direct investment to increase to $13-15 billion in the 2017-18 fiscal year, after a currency flotation in November revive...

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