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Financials and Investment News in Egypt

Egypt: Planning Minister Heads for Morocco to Chair ARADO Meetings
5/13/2017 - Minister of Planning Hala Said headed for Morocco to chair meetings of the Arab Administrative Development Organization (ARADO).

Said has assumed the post of the deputy chairperson of the ARA...
Egypt, European Neighborhood Program Discuss Promoting Agricultural Extension
5/13/2017 - Agriculture and Land Reclamation Minister Abdel Moneim el-Banna discussed with the coordinator of the European Neighborhood Program for Agriculture and Rural Development at the CIHEAM institute ways o...
Sahar Nasr heads for Beijing to attend Belt, Road Forum
Sahar Nasr heads for Beijing to attend Belt, Road Forum 5/13/2017 - Investment and International Cooperation Minister Sahar Nasr headed for Beijing to attend the Belt and Road Forum due to open

Nasr will attend the forum's opening session to be inaugurated b...
Sherif Ismail: Extent of Progress Achieves on Ground on Right Track
Sherif Ismail: Extent of Progress Achieves on Ground on Right Track 5/14/2017 - Prime Minister Sherif Ismail said the extent of progress that is being achieved on the ground proves that the country is on the right track and that we are determined to make up what we missed in all ...
Sherif Ismail Follows Up Implementation of Projects Nationwide
Sherif Ismail Follows Up Implementation of Projects Nationwide 5/14/2017 - Prime Minister Sherif Ismail held a ministerial meeting to follow up the implementation of services projects across the nation.

The Premier stressed, during the meeting, which was attended by...
Egypt Still Has Work to Do Despite Glowing IMF Review
5/15/2017 - Egypt should make it easier to do business and try harder to attract direct investment if it is to make progress towards economic recovery after passing its first review from the International Monetar...
Amr El-Garhy Imf Hails Egypt's Economic Reform Program, Budget
Amr El-Garhy Imf Hails Egypt's Economic Reform Program, Budget 5/15/2017 - Finance Minister Amr el-Garhy said a fresh statement issued by the International Monetary Fund (IMF) hailed great efforts made by the government and Central Bank of Egypt (CBE) to reform the economy.<...
Sahar Nasr Visits China's CFLD Premises
Sahar Nasr Visits China's CFLD Premises 5/15/2017 - Investment and International Cooperation Minister Sahar Nasr paid a visit to the headquarters of China Fortune Land Development Company (CFLD) in Ji'an city in the central region of Jiangxi province....
Egypt: Investors Union Approves Setting up Egyptian-African Business Council
5/15/2017 - The Egyptian Union for Investors Associations approved forming an Egyptian-African business council as part of efforts aimed at boosting economic ties with other African countries.

During a...
Egypt:IMF Loan to Have Positive Impact on EGX Performance
5/15/2017 - The decision by the International Monetary Fund (IMF) to extend to Egypt the second tranche of the loan, which was approved in November 2016, will have a positive effect on the performance of the Egyp...
Egypt:Governor's Council Discusses Sisi's Directives on Land Encroachments
Egypt:Governor's Council Discusses Sisi's Directives on Land Encroachments 5/16/2017 - The ninth governors' council meeting, under Prime Minister Sherif Ismail, tackled President Abdel Fattah El Sisi's directives to confront land encroachments, said Local Development Minister Hisham el ...
Sisi Issues Allowance Law for Employees
Sisi Issues Allowance Law for Employees 5/16/2017 - President Abdel Fattah El Sisi issued an allowance law for employees who are not included in the state civil service law.

Under the law, which was approved by the House of Representatives, al...
Egypt: The Financial Crisis is Over and 2018 Will See a Boom
Egypt: The Financial Crisis is Over and 2018 Will See a Boom 5/17/2017 - The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt Tarek Amer.

Amer pointed out that $46 billion has flown into the Egyptian market in the past ...
Egypt: CBE Takes Measures to Protect Egypt’s Banks against Ransomware
Egypt: CBE Takes Measures to Protect Egypt’s Banks against Ransomware 5/17/2017 - The Central Bank of Egypt (CBE) issued instructions to banks operating in the local market to take precautionary measures to counter the ransomware internet virus, which hit 70 countries around the wo...
Sisi: Egypt Keen to Promote Cooperation with Visa Inc.
Sisi: Egypt Keen to Promote Cooperation with Visa Inc. 5/17/2017 - President Abdel Fattah El Sisi said that Egypt is looking forward to promoting cooperation with Visa Inc. as a leading global company working in advanced banking services.

The president's re...
Sisi Promises More Tax Exemptions, Subsidy for Citizens
Sisi Promises More Tax Exemptions, Subsidy for Citizens 5/17/2017 - President Abdel Fattah El Sisi pledged to raise the tax exemption limit and double subsidies provided for citizens.

During a meeting with editors-in-chief of state-run newspapers, Sisi promi...
Egypt’s Amb. In Nairobi Stresses Importance of Paying Periodical Visits to Kenya by Businessmen
5/18/2017 - Egyptian Ambassador in Kenya Mahmud Talaat stressed the importance of organizing Egyptian specialized fairs during the coming phase in Kenya .

He also pointed to the need of paying periodica...
Egypt: IMF Backs Egypt Plan to Remove Fuel Subsidies in Three Years, Ease Inflation
5/18/2017 - The International Monetary Fund is encouraged by Egypt’s efforts to remove fuel subsidies within three years and push inflation down to single digits, IMF Mission Chief for Egypt Chris Jarvis said
Egyptian Prime Minister Sherif Ismail Takes Part in WEF in Jordan
Egyptian Prime Minister Sherif Ismail Takes Part in WEF in Jordan 5/20/2017 - Prime Minister Sherif Ismail arrived in Jordan's capital Amman to attend meetings of the World Economic Forum (WEF) in the Dead Sea, representing the president, Egypt's Ambassador to Jordan Tarek Adel...
Cairo, Beijing Ink Protocol to Produce Transformers, Smart Meters
5/20/2017 - The National Authority for Military Production inked a cooperation protocol with China's Dongfang Electric Corporation on manufacturing three-phase electric transformers as well as prepaid smart elect...

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