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Financials and Investment News in Egypt

Petroleum Ministry: 3rd Phase of Developing East Delta Fields Finalized
8/20/2017 - The Petroleum and Mineral Resources Ministry has finalized the third phase of developing East Delta marine fields after digging two wells (Habi -16 and Tort -8) which were placed on production plan wi...
Sherif Ismail: Chairs Meeting on Draft Law of Health Insurance
Sherif Ismail: Chairs Meeting on Draft Law of Health Insurance 8/20/2017 - Prime Minister Sherif Ismail held a meeting to discuss the final draft of the proposed draft law on the comprehensive health insurance system.

This comes as part of efforts exerted by the go...
Egypt, Sudan Discuss Ways of Cooperation
8/20/2017 - Defense Minister Sedqi Sobhi reviewed with his Sudanese counterpart Ahmed Awad Ibn Auf the latest developments on the local and regional arenas and a number of issues of common concern.

Duri...
Tarek Qabil: Joint Egyptian-Russian Committee To Meet In Moscow
Tarek Qabil: Joint Egyptian-Russian Committee To Meet In Moscow 8/20/2017 - Trade and Industry Minister Tarek Qabil said that preparations are underway for meetings of the joint Egyptian-Russian committee on commercial, economic, scientific and technical cooperation in Mosco...
Egypt: Local Development Minister Reviews Plan To Accelerate Development Projects Nationwide
8/21/2017 - Minister of Local Development Hesham el Sherif reviewed with Prime Minister Sherif Ismail a plan to accelerate development projects nationwide.

Addressing a press conference following the me...
Sherif Ismail: Supply Minister Review Strategic Commodities Reserves Ahead of Eid Ul Adha
Sherif Ismail: Supply Minister Review Strategic Commodities Reserves Ahead of Eid Ul Adha 8/21/2017 - Minister of Supply and Internal Trade Ali Moselhi reviewed with Prime Minister Sherif Ismail Egypt’s strategic commodities reserves ahead of Eidul Adha.

Speaking at a press conference at the ...
Egypt: Development of Egypt’s Giant Gas Field Zohr Reaches 83.5 Percent
8/21/2017 - Developments in Egypt's giant gas field Zohr reached 83.5 percent as of August, the county’s petroleum ministry said emailed statement.

Work on developing the field, which was discovered by I...
Sisi: Egypt's ASA Plays Pivotal Role in Monitoring Public Funds
Sisi: Egypt's ASA Plays Pivotal Role in Monitoring Public Funds 8/22/2017 - President Abdel Fattah El Sisi lauded the role played by Egypt's Central Auditing Organization (CAO) in monitoring public funds.

Speaking at the Diamond Jubilee of the CAO, Sisi said the orga...
Egypt, Vietnam Agree to Sign Five Memos
Egypt, Vietnam Agree to Sign Five Memos 8/23/2017 -  Egypt and Vietnam agreed to ink five memorandums of understanding for cooperation in the fields of investment, bourse and harbors.

Investment and International Cooperation Minister Sahar N...
Egypt: Sisi Orders Developing Public Sector Companies
Egypt: Sisi Orders Developing Public Sector Companies 8/23/2017 - President Abdel Fattah El Sisi stressed the importance of following up development plans of public sector companies.

Sisi made the statements during a meeting with Prime Minister Sherif Ismai...
Egypt, Vietnam Mull Investments in Suez Canal Economic Zone
8/23/2017 - Egypt and Vietnam discussed investment opportunities in the Suez Canal economic zone and Upper Egypt.

This came in a meeting between Investment and International Cooperation Minister Sahar Na...
Egypt Central Bank, No Intention to Pass Digital Currency Trading Legislation
8/24/2017 - Egypt’s central bank said it has no intention of issuing legislation or passing a special law that allows the trading of digital currency, including bitcoin, in a statement

The statement add...
Egypt Exerts Utmost Effort to Overcome Economic, Social Challenges: PM
Egypt Exerts Utmost Effort to Overcome Economic, Social Challenges: PM 8/24/2017 - Egypt exerts the utmost effort to overcome the economic and social challenges as well as problems accumulated over years, Prime Minister Sherif Ismail said.

The prime minister made the remar...
Nasr, Mamesh Discuss With Singapore's Deputy PM Boosting Investments
Nasr, Mamesh Discuss With Singapore's Deputy PM Boosting Investments 8/24/2017 - Investment and International Cooperation Minister Sahar Nasr and Suez Canal Authority Chairman Mohamed Mamesh had talks with Singapore's Deputy Premier Teo Chee Hean on means of boosting investments i...
Egypt Signs 3 Contracts For Oil and Gas Exploration Worth $79 Million
8/26/2017 - Minister of Petroleum and Mineral Resources, Tariq Al-Mulla, signed three new agreements for oil and gas exploration in the Western Desert of Egypt with the Egyptian General Petroleum Corporation and ...
Egypt: Industry Minister Opens 1st Duplex Paper Factory in Egypt
Egypt: Industry Minister Opens 1st Duplex Paper Factory in Egypt 8/26/2017 - Minister of Industry and Trade Tareq Qabil inaugurated Egypt’s first factory of duplex paper in Sadat City, Monofiya governorate, at total investments of EGP 700 million.

The new factory is p...
Egypt: Investment Minister, SCA Head Visit New Singaporean Port
Egypt: Investment Minister, SCA Head Visit New Singaporean Port 8/26/2017 - Investment Minister Sahar Nasr and chairman of the Suez Canal Authority Mohab Mamish visited a new port established by PSA Singapore.

A statement by the Investment Ministry said Nasr and Mami...
Egypt: FEDCOC Hails Postponement of Regulations of Importation
8/27/2017 - Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) and Cairo Chamber of Commerce (CCC) Ibrahim El Araby praised Minister of Industry and Commerce Tareq Qabil's decision to postpone ...
Egypt to Hold Treasury bill Auctions Before Eid Holiday, Bonds After
8/27/2017 - Egypt will hold several treasury bill sales replacing auctions originally scheduled during the coming Eid holiday, when banks will be closed, the finance ministry said.

Egypt is now schedule...
Egypt: Finance Minister, Amr El-Garhy, Announces Regulations of the New State General Budget 2017/18
Egypt: Finance Minister, Amr El-Garhy, Announces Regulations of the New State General Budget 2017/18 8/27/2017 - Intensifying control over public money and rationalizing expenditure. Allocated reserves of the State budget for encountering national necessities and emergencies.

Banning purchases of new a...

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