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Financials and Investment News in Egypt

Sherif Ismail Holds Meeting on Preparation for Lebanese Counterpart's Visit
Sherif Ismail Holds Meeting on Preparation for Lebanese Counterpart's Visit 3/20/2017 - Prime Minister Sherif Ismail held a ministerial meeting on preparing for a visit by Lebanese Prime Minister Saad Hariri to Cairo.

Ismail stressed the importance of the visit for boosting bil...
The World Bank Egypt strategic partner
The World Bank Egypt strategic partner 3/20/2017 - World Bank Executive Director Merza Hassan said Egypt is a strategic partner to the bank.

Hassan made the remarks during a meeting with Prime Minister Sherif Ismail and Investment and Interna...
Egypt Receives Second 1 Billion $ Tranche from World Bank
3/21/2017 - Egypt received the second 1 billion dollar tranche of a 3 billion dollar three-year loan from the World Bank aimed at supporting the economic and social reform program of the country, Investment and I...
Sahar Nasr: Investment Minister Presents Program on Comprehensive Development across Egypt
Sahar Nasr: Investment Minister Presents Program on Comprehensive Development across Egypt 3/21/2017 - Minister of Investment and International Cooperation Sahar Nasr said she has presented the ministry's plan for comprehensive development in all governorates to raise development rates through funding...
Egypt, Mauritania Discuss Agriculture Cooperation
3/21/2017 - Egypt’s Agriculture Minister Abdel Moneim el Banna discussed with his Mauritanian counterpart Limna bint Al-Qotb means of boosting cooperation in the agriculture field.

The Mauritanian side s...
Tarek Qabil: Applying Competition Policies, Laws Necessary to Create Sound Investment Climate
Tarek Qabil: Applying Competition Policies, Laws Necessary to Create Sound Investment Climate 3/21/2017 - Minister of Trade and Industry Tarek Qabil said that enforcing competition policies and laws is necessary to create a sound investment atmosphere in the country.

Ensuring free competition an...
Egypt's Economy Able To Increase Growth Rates To 6 Percent
Egypt's Economy Able To Increase Growth Rates To 6 Percent 3/21/2017 - Finance Minister Amr El Garhy said the recent policies and reforms system aims to put the national economy on track to reduce inflation and the budget deficit.

In a statement, the minister a...
Sisi Meets Former German Chancellor
Sisi Meets Former German Chancellor 3/22/2017 - President Abdel Fattah El Sisi met former German chancellor Gerhard Schroeder to discuss progress achieved in a project to dig tunnels underneath the Suez Canal, to which Herrenknecht, a German compa...
Sherif Ismail Directs Revision of Data in Economic, Social Development Plan
Sherif Ismail Directs Revision of Data in Economic, Social Development Plan 3/22/2017 - Prime Minister Sherif Ismail ordered that some data of the state’s economic and social development plan should be revised in coordination with the ministries concerned.

The premier made the d...
Egypt Negotiates Third Tranche of World Bank Loan
3/22/2017 - The government began intensive negotiations with the World Bank mission, which is currently in Cairo, on the third tranche of the loan approved for Egypt by the Bank, totaling US$12 billion to support...
Egypt: US Dollar at LE18.10 in Egypt Banks
3/22/2017 - The US dollar exchange rate remained stable in banks but still above LE18. The website of the National Bank of Egypt (NBE) shows it sold US dollars at LE18.10 this morning, which are the same rates ...
Egypt Targeting $9 Bln in Foreign Financing in FY 2017/18
3/22/2017 - The financing will be divided between $3 billion obtained from debt markets and $5 billion to $6 billion from international finance institutions Egypt is targeting $9 billion in foreign financing in ...
Three European Development Banks, EU Launch $151 Mln Green Economy Facility in Egypt
3/22/2017 - The programme will provide loans for energy efficiency and small-scale renewable energy investments by private companies through a group of participating banks, with the aim of also achieving energy s...
Sisi Approves Kuwait Loan Deal, Japanese Grant
Sisi Approves Kuwait Loan Deal, Japanese Grant 3/23/2017 - President Abdel Fattah El Sisi issued a decree approving a 30 million Kuwaiti dinar loan agreement that was signed in Cairo in November 2015.

The loan agreement between Egypt and the Kuwait F...
Egypt: Agriculture Minister signs 3 Deals in Mauritania
3/23/2017 - Egyptian Agriculture Minister Abdel Moneim el Banna, now visiting here, signed three agreements in the fields of fishing, agriculture and veterinary

. The three deals were inked by the Maurita...
Export Development Bank of Egypt FY Consol Profit Falls
3/23/2017 - Export Development Bank Of Egypt FY consol net profit EGP 246.4 million versus EGP 261.1 million year ago

FY consol interest income EGP 1.32 billion versus EGP 985.5 million year ago
Average Yields Fall On Egyptian Six-Month and One-Year T-Bills
3/23/2017 - Average yields on Egypt's six-month and one-year treasury bills fell slightly at an auction , data from the central bank showed.

The average yield on the 182-day treasury bills fell to 19.379...
Sahar Nasr Establishing investment complex in Qena costs EGP 43 million
Sahar Nasr Establishing investment complex in Qena costs EGP 43 million 3/25/2017 - Minister of Investment and International Cooperation Sahar Nasr said that the establishment of an investment services complex in Qena, Upper Egypt, would start next week and would take no more than 1...
Sahar Nasr Investment Minister Meets GAFI Board
Sahar Nasr Investment Minister Meets GAFI Board 3/25/2017 - Investment and International Cooperation Minister Sahar Nasr held a meeting with the board of the General Authority for Investment and Free Zones (GAFI).

In a statement , Nasr said she urged ...
Sahar Nasr Confers with Delegation from Egypt-US Business Council
3/25/2017 - Minister of Investment and International Cooperation Sahar Nasr has met with a delegation from Egypt–US Business Council, led by its chairman Omar Mehanna.

The meeting was attended by represe...

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