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Financials and Investment News in Egypt

Egypt's Foreign Debt Jumps 40 Percent to $67 Billion
Egypt's Foreign Debt Jumps 40 Percent to $67 Billion 4/2/2017 - Egypt's foreign debt jumped 40.8 percent year-on-year to $67.32 billion in December, Central Bank figures showed.

Egypt has been negotiating billions of dollars in aid from various lenders to...
Sisi Discusses Egypt's Economic Reform Programme with World Bank President
Sisi Discusses Egypt's Economic Reform Programme with World Bank President 4/2/2017 - Egyptian President Abdel-Fatah El-Sisi discussed with World Bank Group president Jim Yong Kim Egypt's ongoing economic reforms as well as cooperation in large development projects in a number of secto...
Tarek Kabil Egyptian Side to Businessmen Council with Sudan Formed
Tarek Kabil Egyptian Side to Businessmen Council with Sudan Formed 4/2/2017 - Minister of Trade and Industry Tarek kabil ordered to form the Egyptian side to the Egyptian-Sudanese Businessmen Council led by Eva Pharma Company managing director Riad Armanious.

In a pre...
Sherif Ismail Receives Us Apache Corporation Delegation
Sherif Ismail Receives Us Apache Corporation Delegation 4/2/2017 - Prime Minister Sherif Ismail received a delegation of the US Apache Corporation.

During the meeting, the premier affirmed the Egyptian government's keenness on implementing the economic refor...
Egypt:US Keen on Closer Economic, Commercial Ties with Egypt As Leaders Set to Meet
Egypt:US Keen on Closer Economic, Commercial Ties with Egypt As Leaders Set to Meet 4/2/2017 - The US plans to focus on the economic and commercial aspects of a relationship with Egypt "historically" driven by security as President Donald Trump hosts his counterpart Abdelfatah Al-Sisi in Washin...
Sherif Ismail Reviews Progress in Projects Carried Out by Army
Sherif Ismail Reviews Progress in Projects Carried Out by Army 4/3/2017 - Prime Minister Sherif Ismail hel a ministerial meeting to review the progress in projects implemented by the Armed Forces Engineering Authority in various fields.

The meeting grouped the min...
The Central Bank of Egypt Deposits at Banks Rise by EGP 47bn in December
The Central Bank of Egypt Deposits at Banks Rise by EGP 47bn in December 4/3/2017 - The Central Bank of Egypt (CBE) said the total deposits at the banking sector rose by EGP 47 billion to 2.761 trillion pounds in December 2016 against 2.714 trillion in November 2016.

In a r...
Tarek Kabil: Sisi US Visit Heralds New Stage of Strategic Relations
Tarek Kabil: Sisi US Visit Heralds New Stage of Strategic Relations 4/3/2017 - Trade and Industry Minister Tarek kabil said that President Abdel Fattah El Sisi’s current visit to Washington heralds a new stage of strategic relations with the US.

The president will hold...
Sherif Ismail: Economic indicators positive
Sherif Ismail: Economic indicators positive 4/3/2017 - Prime Minister Sherif Ismail said economic indicators in the current period are very positive, especially with regard to the country's foreign exchange reserves, which reached $28.5 billion.

...
Prime Minister Sherif Ismail Meets TEDA Delegation
Prime Minister Sherif Ismail Meets TEDA Delegation 4/3/2017 - Prime Minister Sherif Ismail received a delegation of senior officials of the Chinese company TEDA.

The meeting was attended by Agriculture Minister Abdel Monem el-Banna and Chairman of the ...
Egypt's External Debt Rises by 40.8%
4/4/2017 - Egypt's total external debt rose by 40.8 percent year-on-year in the first half of the fiscal year 2016-2017, while domestic public debt increased by 28.9 percent in the same period, the Central Bank ...
Sherif Ismail Chairs Meeting on Groundwater Studies in Egypt
Sherif Ismail Chairs Meeting on Groundwater Studies in Egypt 4/4/2017 - Prime Minister Sherif Ismail chaired a meeting to discuss reports and studies on the underground water in the country.

The meeting was attended by Minister of Water Resources and Irrigation...
Sherif Ismail: What Egypt and America Can Do Together?
4/4/2017 - A new U.S. administration naturally offers an opportunity for America's allies around the world to consider the past and find new ways to a more secure and prosperous world, Egyptian Prime Minister Sh...
Egypt Looking Forward To Enhancing Economic, Trade Relations with US
4/4/2017 - Egyptian President Abdel Fattah El Sisi visited the premises of the US Chamber of Commerce in Washington where he had a meeting with President and CEO Thomas J. Donohue and President and CEO of the Eg...
Egyptian Ministers Meet With US Commerce Secretary
Egyptian Ministers Meet With US Commerce Secretary 4/5/2017 - Egyptian Minister of Trade and Industry Tarek Qabil, Minister of Investment and International Cooperation Sahar Nasr and Minister of Finance Amr el Garhy met with US Secretary of Commerce Wilbur Ross...
Sahar Nasr : "Historic Meeting" Gathered Egyptian President and His US Counterpart Donald Trump .
Sahar Nasr : 4/5/2017 - Investment and International Cooperation Minister Sahar Nasr on said a "historic meeting" gathered Egyptian President Abdel Fattah El Sisi and his US counterpart Donald Trump .

Egypt-US relat...
The Egyptian Exchange Gains EGP 6bn
The Egyptian Exchange Gains EGP 6bn 4/5/2017 - The Egyptian Exchange (EGX) gained six billion pounds at the end of trading amid purchase operations by Arab and foreign investors.

The EGX 30 benchmark index upped by 1.56 percent to reach 1...
President Sisi Holds Talks with IMF Chief in Washington
President Sisi Holds Talks with IMF Chief in Washington 4/6/2017 - President Abdel Fattah El Sisi met with Director of the International Monetary Fund (IMF) Christine Lagarde.

President Sisi expressed appreciation for the fruitful cooperation between the Egy...
Sahar Nasr: US Side Keen on Pumping Investments into Egypt
Sahar Nasr: US Side Keen on Pumping Investments into Egypt 4/6/2017 - Investment and International Cooperation Minister Sahar Nasr said that the US side expressed keenness on pumping new investments into Egypt in the coming period.

During meetings between Presi...
Egypt to Get Dlrs 1.25 Bn after IMF Team Follow-Up Visit
Egypt to Get Dlrs 1.25 Bn after IMF Team Follow-Up Visit 4/6/2017 - Egypt will get dlrs 1.25 billion after a periodical visit by a delegation from the International Monetary Fund (IMF) by the end of April to follow-up the economic reform measures, Finance Minister Amr...

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