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Financials and Investment News in Egypt

Egyptian-German Business Forum to Convene in Berlin in June
Egyptian-German Business Forum to Convene in Berlin in June 5/20/2017 - Minister of Trade and Industry Tarek Kabil said the Egyptian-German business forum will convene in Berlin next month with an expected high-profile participation of Egyptian and German companies operat...
Egypt: Housing Ministry Inks Cooperation Protocol with UN to Develop Slums
5/22/2017 - The Egyptian Ministry of Housing inked a cooperation protocol with the United Nations to develop slums in Egypt.

The protocol was inked by Egypt’s Housing Minister Moustafa Madbouly and Exe...
Egypt Budget Deficit Down to 8 Percent of GDP in First Nine Months of 2016-17
5/23/2017 - Egypt's budget deficit for the first nine months of the 2016-17 fiscal year ending in June dipped to 8 percent of GDP from 9.4 percent during the same period last year, a draft budget statement showed...
Sisi Reviews Initial Outcome of 2016-17 Budget, Measures to Provide Commodities during Ramadan
Sisi Reviews Initial Outcome of 2016-17 Budget, Measures to Provide Commodities during Ramadan 5/23/2017 - President Abdel Fattah El Sisi met with Prime Minister Sherif Ismail, Finance Minister Amr el Garhy and Deputy Finance Minister for Fiscal Policies Ahmed Kajouk.

The meeting tackled the budg...
Sisi Opens Major National Projects in Damietta
Sisi Opens Major National Projects in Damietta 5/24/2017 - President Abdel Fattah El Sisi inaugurated several major national projects in Damietta governorate.

The president was accompanied by Prime Minister Sherif Ismail, Defense and Military Produ...
Egypt: Investment Minister Meets Greek Amb.
Egypt: Investment  Minister Meets Greek Amb. 5/25/2017 - Investment and International Cooperation Minister Sahar Nasr had a meeting with Greek Ambassador to Egypt Michael Christos Diamessis.

They discussed means of increasing Greece's investments ...
Egypt: Trade Minister:Belarusian Delegation to Visit Egypt Soon
Egypt: Trade Minister:Belarusian Delegation to Visit Egypt Soon 5/25/2017 - Trade and Industry Minister Tareq Qabil said a high-level government delegation from Belarus will visit Egypt soon to discuss available investment opportunities within the framework of the Russian Ind...
Egypt Negotiates 3rd Tranche of World Bank Loan
Egypt Negotiates 3rd Tranche of World Bank Loan 5/25/2017 - Minister of Investment and International Cooperation Sahar Nasr met with Asaad Alem, the World Bank’s Regional Director in Cairo, to discuss the disbursement of the third tranche, worth $1 billion, of...
Egypt's Embassy in Rome Hosts Symposium on New Investment Law
5/28/2017 - The Egyptian Embassy in Rome hosted a symposium on the new investment law.

The event was attended by major Italian firms, topped by VINAVIL company for petrochemical industries that have been...
Egypt Cabinet Approves Raising Minimum Income Tax Threshold to LE 7,200
5/29/2017 - Egypt's cabinet approved raising the minimum income tax threshold to 7,200 Egyptian pounds ($398) a year from 6,500 pounds, Deputy Finance Minister for fiscal policies, Amr Al-Munir told a news confer...
Egypt Attracts $1bn Foreign Investments after Raising Interest Rates
 Egypt Attracts $1bn Foreign Investments after Raising Interest Rates 5/29/2017 - Egypt attracted one billion dollars in foreign investments after the decision of raising interest rates last week, Central Bank of Egypt (CBE) governor Tarek Amer said

Amer added that the CB...
Egypt: India's TCI Sanmar Chemicals Beefs up Investments In Egypt to $1.5bn
 Egypt: India's TCI Sanmar Chemicals Beefs up Investments In Egypt to $1.5bn 5/29/2017 - Investment and International Cooperation Minister Sahar Nasr had a meeting with Board Chairman of India's TCI Sanmar Chemicals in Egypt PS Jayarama to discuss raising its investments in Egypt in the ...
Egyptian Exports Exceed $7BN in First Four Months Of 2017
Egyptian Exports Exceed $7BN in First Four Months Of 2017 5/30/2017 - Egyptian exports reached $7.438 billion during the first four months of 2017, said Trade and Industry Minister Tareq Qabil

This is a 14-percent rise on the same period in 2016, when exports...
Egypt: Arab Investors Union Chief Hails Egypt-EU Agreement
5/31/2017 - Egypt's partnership agreement with the EU includes several mechanisms to improve the competence of the government bodies and its work methods, said the chief of the Arab investors union Gamal Bayoumi....
Egypt: Foreign Investments in Egyptian Government Securities Jump 13 Percent
Egypt: Foreign Investments in Egyptian Government Securities Jump 13 Percent 5/31/2017 - Foreign investment in Egyptian government securities rose 13 percent in the past week to hit 136 billion Egyptian pounds ($7.53 billion), the head of public debt at Egypt's Finance Ministry, Sami Khal...
Egypt Says Next Review for IMF Lending Programme to Be In November or December
Egypt Says Next Review for IMF Lending Programme to Be In November or December 6/1/2017 - Egyptian Finance Minister Amr El-Garhy said that the next review for the country's $12 billion three-year International Monetary Fund lending programme will be in either November or December.

...
Egypt: Bourse Gains EGP 2.6 Billion
Egypt: Bourse Gains EGP 2.6 Billion 6/1/2017 - The Egyptian Exchange indices recorded different performance gains at the close of trading.

The market capital achieved gains worth EGP 2.6 billion to reach EGP 675.9 billion, after transacti...
Egypt, Germany Discuss Arrangements for Berlin Investment Forum
Egypt, Germany Discuss Arrangements for Berlin Investment Forum 6/3/2017 - Investment and International Cooperation Minister Sahar Nasr discussed with CEO of the German-Arab Chamber of Industry and Commerce Andreas Hergenröther final preparations for holding an annual joint ...
Egypt: Ministry of Finance Sets a General Framework for Application of VAT
6/4/2017 - Cooperation Protocols Are Signed Between Tax Authority and Egyptian Cinema Industry Chamber, Syndicates of Musicians, Cinema & Theatrical Professions

Mr. Almonayar: The signed protocols co...
Sisi Chairs 1st Meeting of National Payments Council
Sisi Chairs 1st Meeting of National Payments Council 6/4/2017 - President Abdel Fattah El Sisi chaired the first meeting of the National Payments Council.

Attending the meeting were the prime minister, the governor of the Central Bank of Egypt, the head ...

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