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Financials and Investment News in Egypt

Egypt Plans New Eurobond Issue End May or Early June
5/7/2017 - Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El Garhy said after finding strong investor appetite for its $4 billion issuance in January.

Garh...
Egyptian Parliament Approves New Investment Law to Smooth Business, Attract Dollars
5/7/2017 - Egypt’s House of Representatives approved a new investment law that grants investors a number of incentives, including tax breaks.

The law was drafted by the Egyptian government in March 2015...
Sisi Meets KFAED Director General
Sisi Meets KFAED Director General 5/8/2017 - Visiting Egyptian President Abdel Fattah El Sisi received in his residence in Kuwait Director General of the Kuwait Fund for Arab Economic Development (KFAED) Abdel Wahab al-Badr

Sisi said t...
Sherif Ismail Urges Organizing Fairs for Small Producers in Governorates
Sherif Ismail Urges Organizing Fairs for Small Producers in Governorates 5/8/2017 - Prime Minister Sherif Ismail highlighted the importance of organizing weekly fairs for small-scale producers in all governorates.

The prime minister made the remarks at a meeting held earlier...
Sahar Nasr Investment Minister, Swiss Ambassador Discuss Boosting Cooperation
Sahar Nasr Investment Minister, Swiss Ambassador Discuss Boosting Cooperation 5/8/2017 - Investment Minister Sahar Nasr discussed with Swiss Ambassador in Cairo Markus Leitner ways of fostering bilateral cooperation and strengthening social and economic development.

Nasr and Lei...
Egypt: The House of Representatives Approves New Investment Law to Smooth Business
5/8/2017 - The House of Representatives approved a new investment law that grants investors more incentives, including tax breaks.

The law was drafted by the government in March 2015 with the aim of en...
Egypt: President Sisi Visits Bahrain Economic Development Board
Egypt: President Sisi Visits Bahrain Economic Development Board 5/9/2017 - President Abdel Fattah El Sisi visited the headquarters of Bahrain Economic Development Board, accompanied by Bahrain’s Crown Prince Salman bin Hamad bin Isa Al Khalifa and a raft of Bahraini ministe...
Sisi Follows Up Progress in Suez Canal Projects
Sisi Follows Up Progress in Suez Canal Projects 5/9/2017 - President Abdel Fattah El Sisi is constantly following up the progress being made in the Suez Canal Axis projects, said Chairman of Suez Canal Authority Mohab Mamish.

President Sisi attaches ...
Prime Minister Sherif Ismail Inaugurates Int'l IT Conf. to Empower Handicapped
Prime Minister Sherif Ismail Inaugurates Int'l IT Conf. to Empower Handicapped 5/9/2017 - Prime Minister Sherif Ismail inaugurated the sixth annual conference on communications and IT to empower persons with disabilities.

The conference is held under the auspices of President Abd...
Egyptian Tourism Minister Heads to Vatican to Discuss Promoting Egypt as Site of Jesus' Journey
5/9/2017 - Egyptian tourism minister Yehia Rashed headed to Rome for talks with the Vatican's tourism officials to discuss promoting tourism to Egypt as the site of the journey of Jesus and the holy family, acc...
Tarek Kabil: Bahrain Occupies 14th Place on List of States Investing in Egypt
Tarek Kabil: Bahrain Occupies 14th Place on List of States Investing in Egypt 5/9/2017 - Tareq Qabil, the Minister of Trade and Industry said boosting commercial and economic relations between Egypt and Arab countries tops the priorities of the ministry, hailing the depth of economic and ...
Sisi Witnesses Launch of Gas Production of N. Alex. Fields
Sisi Witnesses Launch of Gas Production of N. Alex. Fields 5/10/2017 - President Abdel Fattah El Sisi will attend a ceremony marking the launch of production of North Alexandria natural gas fields via video conference , said presidential spokesman Alaa Youssef.
Sherif Ismail Says to Proceed with Economic Reform, Measures to Improve Services
Sherif Ismail Says to Proceed with Economic Reform, Measures to Improve Services 5/10/2017 - Prime Minister Sherif Ismail said the government will continue its efforts to achieve economic reform and improve services provided for the Egyptian citizens.

The premier told reporters at th...
Egypt:The Administrative Control Authority, the World Bank Sign Protocol to Fight Corruption
5/10/2017 - The Administrative Control Authority (ACA) and the World Bank have signed a cooperation protocol to fight corruption and promote good governance and administrative reform.

ACA chairman Moham...
Egypt: Northern Alexandria Gas Fields Target 700 Mln Cubic Feet/Day
5/11/2017 - Minister of Petroleum and Mineral Resources Tarek el Molla said the first phase of the project of northern Alexandria gas fields targets production of about 700 million cubic feet per day.

Th...
Egypt: Sisi Meets Ministers on Implementation of New Projects
Egypt: Sisi Meets Ministers on Implementation of New Projects 5/11/2017 - President Abdel Fattah El Sisi met a number of ministers to review the progress of work in some new projects.

The president got acquainted with the rate of implementing projects that are mea...
Bloomberg Says Foreign Currency Crisis Starting to Ease
5/11/2017 - Bloomberg said the lifting of restrictions imposed on the customers’ credit card purchases overseas is an indication that the foreign currency crisis is easing.

Egyptian banks imposed restric...
Inflation Expected to Rise Higher as Rate Reaches 32.9% in April
5/11/2017 - The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent, compared to 32.5 percent in March, expecting the rate to go higher....
Egypt’s Strategic Vision for Smes Targets 9% Annual Growth Rate By 2020
5/13/2017 - Egypt’s strategic vision for the small and medium-sized enterprises (SMEs) targets achieving a 9% annual growth rate and increasing the sector's share in the gross domestic product (GDP) by 25%, as we...
Egypt: IMF Loan Shows Confidence in Egyptian Economy CBE
Egypt:  IMF Loan Shows Confidence in Egyptian Economy CBE 5/13/2017 - Governor of the Central Bank of Egypt Tarek Amer said that the International Monetary Fund's approval to make available the second tranche of a $12 billion loan for Egypt shows the international confi...

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