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Financials and Investment News in Egypt

The Central Bank of Egypt Foreign Reserves Up To $ 31.125bn in May
The Central Bank of Egypt Foreign Reserves Up To $ 31.125bn in May 6/5/2017 - The Central Bank of Egypt (CBE) announced = an increase in the foreign currency reserves by 8.6 per cent to reach 31.125 billion dollars by the end of May against 28.64 billion dollars by the end of A...
Egypt: Sherif Ismail Orders Unified Committee in Each Governorate to Manage Restored Lands
Egypt: Sherif Ismail Orders Unified Committee in Each Governorate to Manage Restored Lands 6/5/2017 - Prime Minister Sherif Ismail ordered the formation of a unified committee in each governorate for monitoring the file of encroachment on the State-owned lands in each governorate.

The premier...
Some Egyptian Banks Halt Dealings with Qatari Banks after Diplomatic Rupture
6/5/2017 - Some Egyptian banks halted dealings with Qatari banks after Cairo's announcement that it had cut diplomatic relations with Qatar for supporting terrorism, though Egypt's central bank urged banks to co...
Egypt: Investments, Justice Ministers Meet on Business Law Amendments
Egypt: Investments, Justice Ministers Meet on Business Law Amendments 6/6/2017 - Investment and International Cooperation Minister Sahar Nasr had a meeting with Justice Minister Hossam Abdel Rahim on proposed amendments to a law on companies.

Nasr said, during the meeti...
Tarek Qabil Egypt Keen on Boosting Coop with Au
Tarek Qabil Egypt Keen on Boosting Coop with Au 6/6/2017 - Minister of Trade and Industry Tareq Qabil said that Egypt is keen on boosting cooperation with the African Union (AU) with the aim of maintaining peace and security in all member states of the Africa...
Egypt: Qatari investments in Egypt are safe
 Egypt: Qatari investments in Egypt are safe 6/7/2017 - Egypt's Minister of Investment and International Cooperation Sahar Nasr said that Qatari investments in Egypt are protected in accordance with Egyptian law, state-owned MENA news agency reported.
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Egypt: Government Started Setting up Investment Law Executive Statute
Egypt: Government Started Setting up Investment Law Executive Statute 6/8/2017 - The government started to prepare the executive statute of the new investment law, Investment and International Cooperation Minister Sahar Nasr said.

Nasr said In a meeting that the governm...
Egypt Attracts $8.4 Bin Foreign Investment in Domestic Debt since Flotation
6/8/2017 - Egypt attracted $8.4 billion of foreign investment in domestic debt instruments since the flotation of the pound in November up the end of May, Deputy Finance Minister Ahmed Kojak told

. Koja...
Kabore: Private Sector Important to Promote Ties with Egypt
6/10/2017 - Burkina Faso's President Roch Kabore stressed the importance of activating the role of the private sector in both countries in enhancing economic and investment relations.

Participating in E...
Cairo, Berlin Set to Sign New Finance Agreements worth 207 Million Euros
Cairo, Berlin Set to Sign New Finance Agreements worth 207 Million Euros 6/10/2017 - Cairo and Berlin are set to sign new finance agreements worth 207 million euros, Egypt's investment and international cooperation minister Sahar Nasr announced

Nasr said that the inking of ...
Egypt, Seeks Attracting More U.S. Investments
Egypt, Seeks Attracting More U.S. Investments 6/11/2017 - Minister of Investment and International Cooperation Sahar Nasr met with a delegation of the American Chamber of Commerce in Egypt.

Attending also were members of the US-Egypt Business Counc...
Sisi Urges German Companies to Increase Investments in Egypt
Sisi Urges German Companies to Increase Investments in Egypt 6/12/2017 - President Abdel Fattah El Sisi urged the German companies to increase their investments in Egypt and establish a German industrial zone in one of the promising sectors, including medical supplies, eng...
Sisi Attends Signing Ceremony of Minutes of Egyptian-German Economic Committee
6/12/2017 - President Abdel Fattah El Sisi attended the signing ceremony of the minutes of the Fourth Round of the Egyptian-German Economic Committee.

The ceremony was held on the fringe of the opening ...
Sisi Attends Opening Session of Egyptian-German Business Forum
Sisi Attends Opening Session of Egyptian-German Business Forum 6/12/2017 - President Abdel Fattah El Sisi attended the inaugural session of the Egyptian-German Business Forum.

Chairman of the Suez Canal Authority and the General Authority for the Suez Canal Economic...
UAE Ambassador: UAE Investments in Egypt Ranked First
6/13/2017 - The UAE is ranked first among Arab and foreign countries with regard to investing in Egypt, according to data issued by the General Authority for Investment and Free Zones (GAFI) in Egypt, said UAE Am...
Egypt's GDP Growth Projected to Hit 5.3 Pct by 2019, World Bank Says
6/13/2017 - Egypt's gross domestic product is projected to grow 5.3 percent by 2019, suggesting the economy of the most populous Arab state is recovering after years of turmoil, the World Bank has said.

...
Sahar Nasr: CEO of Siemens Discuss Investment Opportunities at Sczone
Sahar Nasr: CEO of Siemens Discuss Investment Opportunities at Sczone 6/13/2017 - Investment Minister Sahar Nasr currently in Germany as part of an Egyptian delegation led by President Abdel Fattah El Sisi met with Joe Kaeser, CEO of Siemens AG, to discuss investments at the Suez C...
Tarek Kabil: Final Communique of Egyptian-German Business Forum Establishes New Cooperation Phase
Tarek Kabil: Final Communique of Egyptian-German Business Forum Establishes New Cooperation Phase 6/13/2017 - Minister of Trade and Industry Tareq Qabil said the final communiqué of the Egyptian-German business forum establishes a new phase of cooperation based on common interests.

In statements, t...
Egypt: Steel Rebar Prices Rise in Egypt after Import Tariffs Imposed
6/13/2017 - The price of steel rebars used in construction has jumped about 17 percent in Egypt after temporary tariffs on imported rebars from three countries came into effect

The cost of Egyptian rebar...
Egypt: Decision to Scrap Limits on Foreign Cash Transfers Effective as of Today
Egypt: Decision to Scrap Limits on Foreign Cash Transfers Effective as of Today 6/15/2017 - The Governor of the Central Bank of Egypt stressed that the decision to cancel all limits on foreign cash transfers will come into effective as of today.

This means that investors can start a...

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