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Financials and Investment News in Egypt

Egypt, Romania Discuss Preparations for Bucharest Meetings
Egypt, Romania Discuss Preparations for Bucharest Meetings 7/13/2017 - Investment and International Cooperation Minister Sahar Nasr discussed in a meeting with Romanian Ambassador in Cairo Mihai ?tefan Stuparu final preparations for joint higher committee meetings, whic...
Egypt Set to Be Self-Sufficient of Natural Gas by 2020
7/17/2017 - Three recent major gas-field discoveries will make Egypt self-sufficient in natural gas by 2020, Egypt's petroleum minister Tarek El-Molla said

In statements reported by state-run news agenc...
Egypt Expects Third IMF Loan Disbursal of $2 Bln between December and January
Egypt Expects Third IMF Loan Disbursal of $2 Bln between December and January 7/17/2017 - Egypt expects to receive a third loan instalment worth $2 billion from the International Monetary Fund between December and January following a next review between November and December, Finance Minis...
Egyptian-Argentinean Trade Committee to Be Formed
Egyptian-Argentinean Trade Committee to Be Formed 7/18/2017 - Trade and Industry Minister Tareq Qabil said President Abdel Fattah El Sisi has approved during his meeting with Vice-President of Argentine Gabriela Michetti the formation of an Egyptian-Argentinean...
Egypt Receives Final $1.25 Bln in First Tranche of IMF Loan
7/18/2017 - The Central Bank of Egypt (CBE) has received the final installment of the first $4 billion tranche of a $12 billion loan from the International Monetary Fund (IMF), state-run news agency MENA reported...
Egypt: Halayeb, Shalateen Projects on Time
Egypt: Halayeb, Shalateen Projects on Time 7/19/2017 - Prime Minister Sherif Ismail held a meeting to follow up the implementation of under-construction projects in Halayeb and Shalatin.

The meeting was attended by the ministers of housing, heal...
Sherif Ismail: Appoints Mohsen Adel as Vice Chairman of EGX
Sherif Ismail: Appoints Mohsen Adel as Vice Chairman of EGX 7/20/2017 - Prime Minister Sherif Ismail appointed Mohsen Adel Helmy as Vice Chairman of the Egyptian Exchange (EGX).

Under the decision, Helmy will serve as vice-chairman for four years to succeed Wagi...
Egypt: Presidential Decree Establishing Golden Triangle Economic Zone
Egypt: Presidential Decree Establishing Golden Triangle Economic Zone 7/25/2017 - President Abdel Fattah El Sisi issued a presidential decree establishing the Golden Triangle Economic Zone.

Published in the official gazette under number 341/2017, the decree considered the ...
Egypt's Foreign Reserves Nearing $35 Bin: President El-Sisi
Egypt's Foreign Reserves Nearing $35 Bin: President El-Sisi 7/25/2017 - Egypt’s foreign reserves are now close to $35 billion, President Abdel Fattah El-Sisi announced during a question-and-answer forum at the Fourth National Youth conference in Alexandria

. “I a...
Egyptian Economy Predicted Among 30 Largest Economies by 2030, Minister of Trade
7/25/2017 - National Youth Conference, that the strategy to consolidate industrial development and foreign trade had achieved unprecedented rates, within the current stage.

Egypt’s 2030 project, the Sust...
Egypt Eyes $30 Billion Investments in Sczone
Egypt Eyes $30 Billion Investments in Sczone 7/26/2017 - Minister of International Cooperation Sahar Nasr said that Egypt aims to attract investments of about $30 billion in the Suez Canal Economic Zone (SCZone) over the next five years.

During the...
Egypt: Social Solidarity Ministry to Provide Citizens with Disabilities Financial Support
7/26/2017 - For the first time in Egypt, monetary support will be provided to people with disabilities, said Social Solidarity Minister Ghada Wali during the second day of the 4th Youth Conference, held in Alexan...
Egypt: Investment Minister Heads for Amman to Take Part in Joint Egyptian-Jordanian Committee
Egypt: Investment Minister Heads for Amman to Take Part in Joint Egyptian-Jordanian Committee 7/26/2017 - Minister of Investment and International Cooperation Sahar Nasr left here on for Amman to take part in the 27th session of the joint Egyptian-Jordanian Ministerial Committee that will kick off later i...
Egypt, Jordan Discuss Boosting Investment Ties
Egypt, Jordan Discuss Boosting Investment Ties 7/27/2017 - Investment and International Cooperation Minister Sahar Nasr had a meeting with Jordanian Minister of State for Investment Affair Muhannad Shehadeh.

They agreed to form an Egyptian-Jordanian ...
Egypt: Sahar Nasr in Romania to Promote Investment in Egypt
Egypt: Sahar Nasr in Romania to Promote Investment in Egypt 7/29/2017 - Minister of Investment and International Cooperation Sahar Nasr and Sevil Shhaideh, Romania's deputy prime minister, have conferred on investment opportunities in Egypt.

The meeting focused o...
Egypt: Finance Minister Modifies Income Tax, Stamp Duty
Egypt: Finance Minister Modifies Income Tax, Stamp Duty 7/29/2017 - Finance Minister Amr el Garhi issued two decisions to amend the income taxe and stamp duty.

According to the decisions, the ceiling of the income tax exemption was raised to EGP7200, in addit...
Egypt to Lower Customs Exchange Rate to 16.25 EGP/USD
7/30/2017 - Egypt will lower its customs exchange rate to 16.25 pounds per dollar from 16.50, effective from Finance Minister Amr El-Garhy told

The new rate will be set for one month, he said, in what i...
Egypt to Host Africa 2017 Investment Conference in December
Egypt to Host Africa 2017 Investment Conference in December 7/30/2017 - Minister of Investment and International Cooperation Sahar Nasr said on that Cairo will organize this year’s round of the Business for Africa, Egypt and the World (Africa 2017) conference in December...
Immigration, Investment Ministers to Cooperation Protocol to Encourage Egyptian Expats' Investments
Immigration, Investment Ministers to Cooperation Protocol to Encourage Egyptian Expats' Investments 7/30/2017 - Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram will sign a cooperation protocol with Investment Minister Sahar Nasr to encourage Egyptian expats to pump investments into their ...
Sahar Nasr: Agrees with Mexican Ambassador on Establishing Egyptian-Mexican Investment Council
Sahar Nasr: Agrees with Mexican Ambassador on Establishing Egyptian-Mexican Investment Council 7/31/2017 - Minister of Investment and International Cooperation Sahar Nasr said relations between Egypt and Mexico have recently witnessed a big progress in various sectors.

Nasr's remarks were made dur...

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