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Financials and Investment News in Egypt

Sahr Nasr Mamish Discuss Pumping Investments in Suez Canal Axis Development Project
Sahr Nasr Mamish Discuss Pumping Investments in Suez Canal Axis Development Project 4/18/2017 - Investment and International Cooperation Minister Sahr Nasr had a meeting with Head of the Suez Canal Authority (SCA) Mohab Mamish on pumping new investments in the Suez Canal Axis Development Project...
Sahar Nasr Egypt to Increase Its Share of Renewable Energy To 22% In 2020
Sahar Nasr Egypt to Increase Its Share of Renewable Energy To 22% In 2020 4/18/2017 - International Cooperation Minister Sahr Nasr stressed that the country is moving on the right direction to achieve sustainable development as it set a goal to increase its share of renewable energy to...
Cairo-Based African Export-Import Bank Asks Proposals for Dollar Bond
4/18/2017 - The African Export-Import Bank (Afreximbank), a Cairo-based multilateral institution focused on financing and promoting trade in Africa, has sent a request for proposals to international banks for a U...
Sahar Nasr: Investment Minister Winds up Morocco Visit
Sahar Nasr: Investment Minister Winds up Morocco Visit 4/19/2017 - Egyptian Investment and International Cooperation Minister Sahar Nasr left here after presiding over a session of the Arab Financial Institutions' 46th annual meeting.

The two-day event will...
Egypt: IMF Lowers 2016-17 Growth Forecast for Egypt to 3.5 Percent
4/19/2017 - Egypt's economy will grow by 3.5 percent during the 2016-17 financial year, the International Monetary Fund said lowering the 4 percent forecast it made in a report last year.

The IMF last N...
Sisi Orders Stepping Up Efforts to Develop Transport System
Sisi Orders Stepping Up Efforts to Develop Transport System 4/19/2017 - President Abdel Fattah El Sisi gave his orders to step up efforts aimed at developing the transport system in Egypt.

During a meeting with Prime Minister Sherif Ismail and Transport Minister...
Sisi Meets PM, Finance Minister on Economic Reforms
Sisi Meets PM, Finance Minister on Economic Reforms 4/19/2017 - President Abdel Fattah El Sisi held a meeting with Finance Minister Amr el Garhy in the presence of Prime Minister Sherif Ismail.

Garhy said the recent economic decisions started to achieve ...
World Bank Sees Sub-Saharan Africa GDP Growth up in 2017 after Poor 2016 Performance
4/19/2017 - Economic growth in sub-Saharan Africa is seen rising between this year and 2019, helped by better commodity prices and improved global conditions, the World Bank said in a report

The bank sa...
Egypt: Average Yields on Egyptian T-Bills Fall at Auction
4/20/2017 -  Average yields on Egypt's six-month and one-year treasury bills fell at an auction , data from the central bank showed.

The average yield on the 182-day bills decreased to 19.392 percent fro...
Sahar Nasr Discusses Attracting More Chinese, Pakistani Investments
Sahar Nasr Discusses Attracting More Chinese, Pakistani Investments 4/20/2017 - Investment and International Cooperation Sahar Nasr had a meeting with Chinese and Pakistani delegations to discuss booting bilateral ties in the investment field.

In a press release, the min...
Egypt: Government Approves Modifications on Capital Market Law
4/20/2017 - The Cabinet approved a bill modifying some articles of the capital market law. The modifications include annulling Sukuk law.

They come as part of developing the laws regulating the capita...
Egypt: 1,741 Companies Set Up in March
4/20/2017 - The number of new companies that were set up in March hit 1,741 with a total investments of 3.6 billion pounds, according to a report by the General Authority for Investment and Free Zones (GAFI).
Sahar Nasr Discusses With Representatives of Major US Companies Joint Cooperation
Sahar Nasr Discusses With Representatives of Major US Companies Joint Cooperation 4/22/2017 - Investment and International Cooperation Minister Sahar Nasr had talks with representatives of major US companies on boosting economic cooperation between Egypt and the United States.

Nasr’s ...
Egypt Adopts Policies to Empower Youth, Women
 Egypt Adopts Policies to Empower Youth, Women 4/22/2017 - Minister of Investment and International Cooperation Sahar Nasr highlighted the importance of resolving the problem of inequality.

Inequality has negative impacts on the efforts aimed to redu...
Sahar Nasr Confers with WB CEO on Cooperation in Governance
4/22/2017 - Minister of Investment and International Cooperation Sahar Nasr conferred with World Bank Chief Executive Officer (CEO) Kristalina Georgieva on cooperation in the field of governance.

The mee...
Sahar Nasr Meets With Vice President Of General Electric
Sahar Nasr Meets With Vice President Of General Electric 4/22/2017 - Minister of Investment and International Cooperation Sahar Nasr met with Vice President of General Electric John Rice on the fringe of her participation in the WB Spring meetings in Washington.
Cairo Hosts Meeting With Ethiopia, Sudan on Renaissance Dam Studies
4/24/2017 - Cairo hosted a tripartite meeting grouping also Sudan and Ethiopia on the Ethiopian renaissance dam to discuss initial reports by consultancy firms tasked with assessing the possible impact of the dam...
Sahar Nasr: Investment Minister Leaves Washington for New York
Sahar Nasr: Investment Minister Leaves Washington for New York 4/24/2017 - Investment and International Cooperation Minister Sahar Nasr left Washington heading for New York.

After heading the Egyptian delegation to the World Bank spring meetings, Nasr left the US ...
Egypt, FAO Sign Two Cooperation Documents
4/24/2017 - Agriculture Minister Abdel Mon'em el-Banna and representative of the UN Food and Agriculture Organization (FAO) Hussein Gadain signed two cooperation documents as part of a joint EU program for rural ...
Sahar Nasr: IFC Official Discuss Increasing Finance for Smes
Sahar Nasr: IFC Official Discuss Increasing Finance for Smes 4/24/2017 - Minister of Investment and International Cooperation Sahar Nasr discussed with International Finance Corporation (IFC) Vice President of New Business Dimitris Tsitsiragos boosting funding for small an...

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