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Financials and Investment News in Egypt

EU Official: Egypt Among Best Countries Regarding Water Efficiency in Africa
4/30/2017 - Ayman Ayad, the Program Manager for Water and Utilities in the European Union Delegation Embassy in Cairo, asserted that Egypt is one of the best counties regarding water efficiency in Africa and the ...
The International Monetary Fund Delegation to Visit Egypt
The International Monetary Fund Delegation to Visit Egypt 4/30/2017 - A delegation of the International Monetary Fund (IMF) will arrive in Cairo to follow up the progress in the country's economic reform program ahead of delivering the second tranche of an IMF loan, acc...
Sisi Urges Improving Investment Climate in Egypt
Sisi Urges Improving Investment Climate in Egypt 5/1/2017 - President Abdel Fattah El Sisi called for improving the investment climate in Egypt to attract more investments into the country.

Sisi made the remark at a meeting with Prime Minister Sherif...
Egypt: 180,000 Housing Units to Be Built for Slums' Residents – Sisi
Egypt: 180,000 Housing Units to Be Built for Slums' Residents – Sisi 5/2/2017 - President Abdel Fattah El Sisi said that 180,000 housing units would be completed by June 30, 2018 to accommodate the residents of dangerous slums.

The units will completely eliminate the pr...
Egypt: Cabinet Holds Weekly Meeting to Probe Important Issues
5/3/2017 - The Cabinet held its weekly meeting to discuss a number of political, social and security files in addition to reports on the quality of services offered to the public and efforts to secure basic com...
Sisi Reviews Government Preparations for Holy Month of Ramadan
Sisi Reviews Government Preparations for Holy Month of Ramadan 5/3/2017 - President Abdel Fattah El Sisi held a meeting with Prime Minister Sherif Ismail to discuss home issues.

The meeting was attended by governor of the Central Bank of Egypt Tareq Amer, as well a...
Egypt's Bourse Gains EGP 5.3bn
Egypt's Bourse Gains EGP 5.3bn 5/3/2017 - The Egyptian Exchange (EGX) indices went up collectively at the close of trading amid purchase operations by foreign and Arab investment funds and Egyptian retailers.

The market capital regai...
Prime Minister Sherif Ismail Chairs Meeting on NECD Project
Prime Minister Sherif Ismail Chairs Meeting on NECD Project 5/3/2017 - Prime Minister Sherif Ismail held a meeting to review activities of the New Egyptian Countryside Development (NECD) project.

The meeting was attended by a number of ministers, the governor o...
Egypt: New Investment Bill of Great Importance to Egypt's Economy
5/3/2017 - The new investment draft law is of great importance to the Egyptian economy, Investment and International Cooperation Minister Sahar Nasr said

Addressing a session of the House of Represent...
Egypt: Campaign to Attract 1 Million Chinese Tourists to Egypt to Launch May 20
5/3/2017 - An international conference to promote Egypt's tourism industry to the Chinese market will be held under the slogan "One Million Chinese Tourists to Egypt", said Hany al-Sharkawy, chairman of the Eg...
Egypt's Foreign Reserves Rise to $28.641 Bln at End-April
5/3/2017 - Egypt's foreign reserves edged up to $28.641 billion at the end of April from $28.5 billion at the end of March, the central bank said

Egypt's foreign reserves have been climbing since it cl...
Egypt: Praises Course of Talks with IMF over Economic Program
Egypt: Praises Course of Talks with IMF over Economic Program 5/4/2017 - Finance Minister Amr el Garhy praised the course of talks with the International Monetary Fund (IMF) over Egypt's economic reform program.

The discussions are going well, Garhy said in a sta...
Tarek Kabil: Industry Minister Opens "Made in Egypt'' Exhibition in Port Said
Tarek Kabil: Industry Minister Opens 5/6/2017 - Trade and Industry Minister Tarek Kabil opened "Made in Egypt'' exhibition in Port Said.

"We started to expand in organizing exhibitions in Damietta, Sohag and Qena," he said during the openi...
Tarek Kabil: Industry Minister Opens "Made in Egypt'' Exhibition in Port Said
Tarek Kabil: Industry Minister Opens 5/6/2017 - Trade and Industry Minister Tarek Kabil opened "Made in Egypt'' exhibition in Port Said.

"We started to expand in organizing exhibitions in Damietta, Sohag and Qena," he said during the openi...
Egypt: Planning Minister: Growth Rate in 3rd Quarter of FY Hits 3.9%
5/6/2017 - Planning Minister Hala el-Saeed has put the growth rate during the third quarter of the current fiscal year 2016-2017 at 3.9 percent against 3.6 in FY 2015/2016.

In press statements she said ...
Egypt: Investment Minister Leaves for New York on Several Days' Visit
Egypt: Investment Minister Leaves for New York on Several Days' Visit 5/6/2017 - Minister of Investment and International Cooperation Sahar Nasr left Egypt for New York leading a delegation on a several days' visit to the US.

During the visit, the minister will take part...
Egypt to Receive $1.25 Bln in June as Part of IMF Loan
Egypt to Receive $1.25 Bln in June as Part of IMF Loan 5/7/2017 - Egypt’s Finance Minister Amr El-Garhy announced that the second batch of the first $4 billion tranche from the International Monetary Fund’s (IMF) loan will be delivered in June

. In November...
The Egyptian Exchange Gains EGP 4.4bn, Index Up By 1.47%
The Egyptian Exchange Gains EGP 4.4bn, Index Up By 1.47% 5/7/2017 - The Egyptian Exchange (EGX) indices were collectively up at the end of the week backed by wide purchases by foreign investment funds and institutions.

The market capital gained about EGP 4.4 ...
Egypt: Exchange Rate Stable at Major Egyptian Banks
5/7/2017 - The exchange rate of the US dollar was stable at major banks.

The dollar price stood at EGP 17.95 for buying and 18.05 for selling at the National Bank of Egypt and Banque Misr.

At ...
Sisi Calls for Maintaining the Economic Reform Program
Sisi Calls for Maintaining the Economic Reform Program 5/7/2017 - President Abdel Fattah El Sisi underlined the importance of proceeding with the economic reform program to encourage investments and increase the economic growth rate.

At a meeting with Prime...

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