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Financials and Investment News in Egypt

Sahar Nasr in Talks with WB Over 3rd Batch of Loan
Sahar Nasr in Talks with WB Over 3rd Batch of Loan 4/24/2017 - Minister of Investment and International Cooperation Sahar Nasr met in Washington with Hartwig Schafer, the World Bank Vice President for Operations Policy and Country Services for talks on accelerati...
Egypt: 30 Projects worth $20 Billion to be Established in Suez Canal Economic Zone
4/24/2017 - Egypt will establish 30 projects in the Suez Canal Economic Zone with investments totalling US$20 billion, said President of the Suez Canal Economic Zone Ahmed Darwish.

The projects will be e...
Sherif Ismail Greets Egypt's Workers on Labor Day
Sherif Ismail Greets Egypt's Workers on Labor Day 4/25/2017 - Prime Minister Sherif Ismail met the members of the board of directors of the General Federation of Egyptian Trade Unions (GFETU) in the presence of the manpower minister and the head of the GFETU.
Egypt: 36 Ships Transit Suez Canal
4/25/2017 - A total of 36 ships transited the Suez Canal , with a total cargo of 2.77 million tons.

The south-bound convoy included 20 vessels carrying around 1.1 million tons, while the north-bound conv...
Egyptian Tourism Minister Promises to Facilitate Visas for Visitors Accompanying Arab Tourists
4/25/2017 - Egypt’s tourism minister promised that visa procedures would be "facilitated" for visitors from Arab countries, ahead of a hoped-for increase in visitors during Ramadan and the summer holidays.
Egypt: Finance Ministry to Add 10% Social Allowance to Workers' Salaries from May
4/26/2017 - The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders of the Labor Union at its headquarters.

The Ministry of Finance...
Egypt’s PM Briefs Sisi on Latest Updates on Economic Reform Measures
Egypt’s PM Briefs Sisi on Latest Updates on Economic Reform Measures 4/26/2017 - Egypt’s Prime Minister Sherif Ismail presented the president with the latest updates on the ongoing economic reform measures, stating that the cabinet is targeting a 22.6 percent inflation rate by the...
Sisi Inspects Suez Canal Tunnels Project
Sisi Inspects Suez Canal Tunnels Project 4/26/2017 - President Abdel Fattah El Sisi inspected the Suez Canal tunnels project on the second day of the Third National Youth Conference, currently in session in Ismailia grovernorate.

During his i...
Sahar Nasr: Investment Min Participates in W20 Summit in Berlin
Sahar Nasr: Investment Min Participates in W20 Summit in Berlin 4/26/2017 - Investment and International Cooperation Minister Sahar Nasr took part in the Women 20 (W20) summit in Berlin.

The summit was attended by German Chancellor Angela Merkel, Assistant to US Pres...
New Egyptian Investment Law to be Issued In May
4/26/2017 - A new investment law is expected to be issued in Egypt in May, Prime Minister Sherif Ismail said

The government approved a draft for the law in March 2015 with a view to bolstering investor ...
Sisi: 200-Mln-Meter Industrial Zone Setup in Ain Sokhna Area
Sisi: 200-Mln-Meter Industrial Zone Setup in Ain Sokhna Area 4/27/2017 - President Abdel Fattah El Sisi said that an industrial zone is being set up in Ain Sokhna area.

Sisi's remarks were made on the sidelines of a session, dubbed "prospects for sustainable devel...
Sisi Urges Finalizing Suez Canal Axis Development Project
Sisi Urges Finalizing Suez Canal Axis Development Project 4/27/2017 - President Abdel Fattah El Sisi called for finalizing the Suez Canal axis development project as being one of the most important national projects, which is expected to help attract investors and boos...
The Egyptian Exchange Gains EGP 6.9 Billion
The Egyptian Exchange Gains EGP 6.9 Billion 4/27/2017 - The Egyptian Exchange (EGX) indexes went up collectively at the close of trading amid purchase operations by foreign investors, while sales prevailed in transactions of local institutions and investme...
IMF Delegation in Egypt Ahead of Delivering 2nd Tranche of Loan, Equivalent to $1.25 Billion
4/29/2017 - A delegation from the International Monetary Fund (IMF) arrive in Cairo to follow up on the progress in the country's economic reform programme ahead of delivering the $1.25 billion second tranche of...
Egypt:Afreximbank Signs $300 Million Loan Agreement with National Bank of Egypt
4/29/2017 - The African Export-Import Bank (Afreximbank) has provided the largest public sector bank of Egypt a $300 million loan as an industrialisation support facility, to be repaid over three years, Afreximba...
Sahar Nasr Gulf Coalition View Boosting Investments
Sahar Nasr Gulf Coalition View Boosting Investments 4/29/2017 - Investment and International Cooperation Minister Sahar Nasr had talks on with a delegation from the Gulf in Love of Egypt Coalition on injecting more Gulf investments into Egypt in the coming period...
Egypt: Banna in Sudan to Attend Agricultural Integration Company Meetings
4/29/2017 - Agriculture Minister Abdel Monmiem el-Banna arrived in Khartoum to participate in two-day meetings of the board of directors of the Egyptian-Sudanese Agricultural Integration Company.

The min...
Egypt Takes Part in International Consumer Goods Exhibition in Paris
4/29/2017 - Egyptian Ambassador to France Ihab Badawi inaugurated the Egyptian pavilion in Foire de Paris - International Consumer Goods Exhibition.

The 10-day fair, held in Paris, is specialized in cr...
Egypt: Trade Minister Underlines Private Sector's Role in Reducing Poverty
Egypt: Trade Minister Underlines Private Sector's Role in Reducing Poverty 4/29/2017 - Minister of Trade and Industry Tarek Kabil underscored the important role played by businessmen in supporting most needy areas and their social responsibility toward reducing poverty rates.

K...
Egypt: Manufacturers in Egypt Turn to Local Sourcing As Prices Soar
4/29/2017 - In green fields near Egypt's Mediterranean coast, one multinational company is harvesting its first crop of potatoes produced from local seeds to make a leading brand of chips.

Like other bi...

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