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Financials and Investment News in Egypt

Tarek Qabil Targets of Five-Year Plan to Provide 3m Jobs Achieved
Tarek Qabil Targets of Five-Year Plan to Provide 3m Jobs Achieved 3/25/2017 - Minister of Trade and Industry Tarek Qabil announced that the ministry has successfully achieved the targets of its strategy to provide three million job opportunities in a five-year plan of 2016-2020...
Sahar Nasr Investment Minister Takes Part in WB Workshop on Sustainable Development
3/26/2017 -  Investment and International Cooperation Minister Sahar Nasr took part in a workshop organized by the World Bank on ways of achieving the sustainable development goals.

Representatives of S...
Egypt Attracts $3.1 Billion Foreign Investment in Domestic Debt since Flotation
3/26/2017 - Egypt attracted $3.1 billion of foreign investment in domestic debt instruments since the flotation of the pound in November up until mid-March, Deputy Finance Minister Ahmed Kojak

Kojak sai...
Egypt to Allocate 1 Pct of GDP for Social Protection Programmes in 2017/18
3/26/2017 - Egypt's GDP stood at EGP 2.7 trillion in the fiscal year 2015/16, according to the latest data of the Central Bank of Egypt

Egypt's finance ministry plans to allocate a part of the savings ma...
Sherif Ismail Includes Migration Minister in Board of NCDHR
Sherif Ismail Includes Migration Minister in Board of NCDHR 3/27/2017 - Prime Minister Sherif Ismail issued a decision to include Minister of State for Immigration and Expatriates Affairs Nabila Makram in the board of the National Council for the Development of Human Reso...
The Egyptian Exchange Gains LE3.1bn
The Egyptian Exchange Gains LE3.1bn 3/27/2017 - The Egyptian Stock Exchange (EGX) gained LE3.1 billion at the end of trading amid purchase operations by foreign and Arab investment funds and sales by Egyptian investors.

The EGX 30 benchma...
Egypt: 51 Ships Transit Suez Canal
3/28/2017 - Fifty-one ships transited the Suez Canal with a total cargo of 2.7 million tons.

The south-bound convoy included 30 vessels carrying around 1.4 million tons, while the north-bound convoy inc...
Egypt: US Dollar Exchange Rate Stable Trading
Egypt: US Dollar Exchange Rate Stable Trading 3/28/2017 - The exchange rate of US dollar was stable during trading

The US dollar recorded EGP 18.00 for buying and EGP 18.10 for selling at the National Bank of Egypt, Banque Misr and Banque du Caire....
Egypt SIGNS 4 ACCORDS with Afd tO OFFER 259 MLN EUROS
Egypt SIGNS 4 ACCORDS with Afd tO OFFER 259 MLN EUROS 3/28/2017 - Prime Minister Sherif Ismail witnessed the signing of four agreements with the French Development Agency (AFD).

The accords will provide 259 million Euros to finance projects in the fields of...
Egyptian Investment Minister Promises Legal Reforms to Support Investors
Egyptian Investment Minister Promises Legal Reforms to Support Investors 3/28/2017 - Egyptian Minister of Investment and International Cooperation Sahar Nasr promised at a meeting by the American Chamber of Commerce in Egypt legal reforms that would support investors and minimise obs...
Egypt: €115 Mln Financing Agreement for Wind Station In Gulf of Suez Singned
Egypt: €115 Mln Financing Agreement for Wind Station In Gulf of Suez Singned 3/29/2017 - Minister of Investment and International Cooperation Sahar Nasr took part in the signing ceremony of a €115 million financing agreement for the establishment of a wind station in the Gulf of Suez.
...
Egypt Plans to Raise Exports to $34 Billion by 2020
3/29/2017 - Egypt plans to raise exports to $34 billion from $19 billion by 2020, the Trade and Industry Ministry said in a statement

"The ministry has almost completed its strategy to double its export...
Amr El-Garhy Egypt Expects Inflation to Start Easing by December
Amr El-Garhy Egypt Expects Inflation to Start Easing by December 3/30/2017 - Egypt expects inflation to start easing by November or December, a year after abandoning its currency peg and seeing prices soar as the pound lost half its value, Finance Minister Amr El-Garhy said .<...
Sherif Ismail Witnesses Signing of Two Agreements
Sherif Ismail Witnesses Signing of Two Agreements 3/30/2017 - Prime Minister Sherif Ismail witnessed the signing of an agreement between the ministries of social solidarity and finance.

The agreement stipulates that the public treasury will re-pay over ...
The Egyptian Exchange Bourse Gains EGP 2.9 Bln
The Egyptian Exchange Bourse Gains EGP 2.9 Bln 3/30/2017 - The Egyptian Exchange (EGX) indexes went up at the close of trading amid purchase operations by foreign investors.

The market capital gained about EGP 2.9 billion to reach EGP 655.2 billion, ...
Tareq Qabil: Egypt-US Economic Ties Improving
Tareq Qabil: Egypt-US Economic Ties Improving 4/1/2017 - Trade and Industry Minister Tareq Qabil said that economic relations with Washington are witnessing a quantum leap.

President Abdel Fattah El Sisi's visit to the US is sure an important step...
Huge Chinese investments to be injected into SCZone
4/1/2017 - Huge Chinese investments, especially in the textile domain, will be pumped into Ein Sokhna area in the coming period, said the chairman of the General Authority for the Suez Canal Economic Zone (SCZon...
Egypt Discusses with Apache Boosting Investments in Egypt
4/1/2017 - Petroleum and Mineral Resources Minister Tarek el-Molla met with CEO of Apache Corporation John Christmann and his accompanying delegation for talks on boosting the company's investments in Egypt.
...
Egypt: GAFI CEO heads to Dubai to participate in AIM 2017
4/1/2017 - The General Authority for Investment and Free Zones (GAFI) CEO Mohamed Khodeir headedon for Dubai to take part in the activities of the seventh round of the Annual Investment Meeting (AIM 2017).
Egypt Receives Second $500 Million Tranche of African Development Bank Loan
Egypt Receives Second $500 Million Tranche of African Development Bank Loan 4/1/2017 - Egypt has received the second $500 million tranche of a $1.5 billion loan package from the African Development Bank (AfDB), Minister of International Cooperation Sahar Nasr said in a statement

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