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Financials and Investment News in Egypt

Meetings of Egyptian-Hungarian Business Council Kick Off
7/4/2017 - Egyptian and Hungarian businessmen are taking part in the meetings that mull investment opportunities available in Egypt, especially in light of the major national projects launched by the country.
Tarek Qabil: Sisi's Visit to Hungary Promotes Egyptian Economic Ties with Eastern European States
Tarek Qabil: Sisi's Visit to Hungary Promotes Egyptian Economic Ties with Eastern European States 7/4/2017 - Egyptian Trade Minister Tareq Qabil deemed President Abdel Fattah El Sisi's current visit to Hungary as a major stride in promoting Egypt's economic and trade ties with Eastern European countries.
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Egypt’s Foreign Reserves Rose By $180 Million in June
Egypt’s Foreign Reserves Rose By $180 Million in June 7/5/2017 - The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase equal to 0.57 percent of Egypt’s total foreign reserves.

The net foreig...
Egypt: ILO Better Work Programme Will Boost Economic, Commercial Diversity in Egypt
Egypt: ILO Better Work Programme Will Boost Economic, Commercial Diversity in Egypt 7/5/2017 - The implementation of the International Labour Organization’s (ILO) Better Work Programme would allow for economic and commercial diversity in Egypt, investment and international cooperation minister ...
Egypt Gov't Announces New Hikes in Electricity Prices By Up to 42 Percent
7/6/2017 - Egypt announced new hikes in electricity prices by up to 42 percent for households as part of a government reform programme that will include removing power subsidies entirely over the next few years....
Egypt Deputy Finance Minister Sees Interest Rate Hike as Temporary
7/8/2017 - Egypt's Deputy Finance Minister for Treasury, Mohamed Meait, said he expected higher interest rates to be temporary measure to control inflation, which he saw declining early next year.

The ...
Egypt: Planning Minister Meets Undp Delegation to Probe Joint Coop. in Administrative Reform Field
7/8/2017 - Planning, Follow Up and Administrative Reform Minister Hala el Saed discussed with UN Resident Coordinator and UNDP Representative Richard Dictus mechanisms of promoting cooperation between the UNDP a...
Egypt's Central Bank Says $57 Bln Cash Flow Into Banks in 8 Months
Egypt's Central Bank Says $57 Bln Cash Flow Into Banks in 8 Months 7/9/2017 - Cash inflows into Egypt's banking system totalled more than $57 billion since Egypt floated its currency in November, Egypt's central bank governor told al Akhbar newspaper

Egypt floated the...
Egypt Has Ambitious Program to Involve Youths in Decision-Making Process: Wb
7/9/2017 - country Director of the World Bank for Egypt, Yemen and Djibouti Asaad Alam said that Egypt has an ambitious program to involve young people in the decision-making process.

The remark was ma...
Investment Minister Sahar Nasr: President Sisi Launched Initiatives to Support Youth
Investment Minister Sahar Nasr: President Sisi Launched Initiatives to Support Youth 7/9/2017 - International Cooperation and Investment Minister Sahar Nasr opened the conference on Youth and Employment in the Middle East and North Africa (MENA).

The conference is sponsored by the Minis...
Foreign Contribution in Egypt's 3- and 7- Year T-Bond Sale at $30.5 Mln
7/10/2017 - Foreign participation in Egypt's three-year and seven-year treasury bond sale reached 545 million Egyptian pounds ($30.53 million), the head of public debt at the Finance Ministry, Sami Khallaf.
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Egypt: Average Yields on Egypt's Three- and Seven T-Bonds Rise Amid High Foreign Buying
7/10/2017 - The average yields on Egypt's three-year and seven-year bonds rose at an auction central bank data showed, as foreigners snapped up high-yielding debt following the central bank's 200-basis point int...
Egypt: “NBE” and “Bank Misr”: New Certificates at High Interest Rates Just Rumors
7/10/2017 - Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high annual interest rates in line with increasing the interest rates by 2 per cent by the Cen...
Sahar Nasr USAID Mission Chief Review Enhancing Cooperation
Sahar Nasr USAID Mission Chief Review Enhancing Cooperation 7/10/2017 - Nasr, USAID mission chief review enhancing cooperation International Cooperation and Investment Minister Sahar Nasr had talks with the US Agency for International Development (USAID) Mission Director ...
Egypt: Spain Has Strong Desire to Invest in Egypt
7/10/2017 - Spain has a strong desire to inject more investments into Egypt, Investment and International Cooperation Minister Sahar Nasr asserted

Speaking to the Middle East NewsAgency on the outcome o...
Egypt’s Production of New Car Launched
Egypt’s Production of New Car Launched 7/11/2017 - Toyota Egypt, in partnership with Arab Organization for Industrialization (AOI), launcheda line for assembling car parts for the Toyota Fortuner 2017 at the Arab American Vehicles Co.

Toyota...
Egypt: Minister of Water Resources Visits Tanzania Kenya
7/11/2017 - Water Resources and Irrigation Minister Mohamed Abdel Aaty started a three-day visit to Tanzania to be followed by a visit to Kenya.

In a statement issued, Egyptian Ambassador to Tanzania Ya...
Egypt to Receive Final Disbursement of First Tranche of IMF Loan Next Week
Egypt to Receive Final Disbursement of First Tranche of IMF Loan Next Week 7/11/2017 - Egypt is set to receive the final installment of the first tranche of an International Monetary Fund (IMF) loan next week, the country’s Finance Minister Amr El-Garhy announced during a TV interview <...
Investment Minister: Sahar Nasr ILO Director Discuss Implementing ‘Better Work Program’
Investment Minister: Sahar Nasr ILO Director Discuss Implementing ‘Better Work Program’ 7/12/2017 - Investment and International Cooperation Minister Sahar Nasr discussed with Director of the International Labor Organization (ILO)'s office in Cairo Peter Van Rooij mechanisms of implementing "Better ...
Egypt: CBE Expands Benefits of Small Project Loans Scheme
Egypt: CBE Expands Benefits of Small Project Loans Scheme 7/13/2017 - The Central Bank of Egypt (CBE) decided to expand the benefits of the small project loans scheme to encourage agricultural, livestock and fisheries production.

The benefits will reduce the ...

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