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Financials and Investment News in Egypt

Minister of Petroleum: Witnesses Signing Contract with US Firm
9/10/2017 - Minister of Petroleum Tareq El Molla witnessed the signing of a contract between Egyptian Petrobel and American Baker Hughes GE companies to carry out the second phase of Zohr gas field project in th...
Egypt: Annual Inflation Rate Hits 33.2% in August: CAPMAS
9/11/2017 - Central Agency for Public Mobilization and Statistics (CAPMAS) announced, that annual inflation rates receded to 33.2 percent in August, compared to 34.2 percent in July. Monthly inflation rates redu...
Egyptian-Italian Business Council, New Amb. to Italy Discuss Ways of Fostering Ties With Rome
9/11/2017 - The Egyptian-Italian Business Council held meeting with the new ambassador to Italy Hisham Badr to discuss six main axes that aim at developing the volume of trade and investment between the two count...
Egypt: Irrigation Minister Review Proposals to Maximize Watercourses' Utilization
Egypt: Irrigation Minister Review Proposals to Maximize Watercourses' Utilization 9/11/2017 - Prime Minister Sherif Ismail discussed the government's plan to develop watercourses at a meeting with Minister of Water Resources and Irrigation Mohamed Abdel Aati.

Cabinet Spokesman Ashraf...
Egypt's Net FDI Rises 14.5 Pct in 2016-2017 Central Bank
9/12/2017 - Egypt’s net foreign direct investment (FDI) rose by 14.5 percent to $7.9 billion in the 2016-2017 fiscal year that ended on June 30, the central bank said.

That was well below Egypt’s target ...
Egypt: AFI Annual General Meeting Kicks Off in Sharm El Sheikh
Egypt: AFI Annual General Meeting Kicks Off in Sharm El Sheikh 9/13/2017 - The annual general meeting of the Alliance for Financial Inclusion (AFI) kicked off in Sharm el Sheikh under the patronage of President Abdel Fattah El Sisi.

Representatives from 95 countrie...
Egypt: Prime Minister Sherif Ismail EIB VP Meet on Boosting Cooperation
Egypt: Prime Minister Sherif Ismail EIB VP Meet on Boosting Cooperation 9/13/2017 - Prime Minister Sherif Ismail had a meeting with Vice-President of the European Investment Bank (EIB) Dario Scannapieco and the accompanying delegation to discuss ways to boost current cooperation fra...
Prime Minister Sherif Ismail Meets Trade, Transport, Petroleum Ministers
Prime Minister Sherif Ismail Meets Trade, Transport, Petroleum Ministers 9/13/2017 - Prime Minister Sherif Ismail held a meeting with the ministers of trade, petroleum and transport.

During his meeting with Trade and Industry Minister Tareq Qabil, the premier discussed the ou...
Egypt: PM Reviews Status of Supplying Utilities to New Administrative Capital
9/13/2017 - Prime Minister Sherif Ismail held a meeting with the ministers of housing, electricity, communications, petroleum and transport to follow up the status of a plan to supply the new administrative capi...
Egypt: NCW to Participate In Int'l Conf. On Financial Inclusion in Sharm El Sheik
9/13/2017 - Head of the National Council for Women (NCW) Maya Morsi will participate in the international conference on financial inclusion in Sharm el Sheikh.

Ninety-five states and 119 international in...
Egypt: NCW to Participate In Int'l Conf. On Financial Inclusion in Sharm El Sheik
9/13/2017 - Head of the National Council for Women (NCW) Maya Morsi will participate in the international conference on financial inclusion in Sharm el Sheikh.

Ninety-five states and 119 international in...
Egypt: New Investments Increased By 24 Percent in Fiscal Year 2016/2017
Egypt: New Investments Increased By 24 Percent in Fiscal Year 2016/2017 9/13/2017 - Minister of Investment and International Cooperation Sahar Nasr announced that foreign direct investment (FDI) during the fourth quarter of the fiscal year 2016/2017 recorded an increase of 29 percen...
Egypt: Gov't Implements Financial Reform Program
Egypt: Gov't Implements Financial Reform Program 9/14/2017 - Delivering a speech at the opening session of the international conference on financial inclusion in Sharm El Sheikh, Central Bank of Egypt (CBE) Governor Tareq Amer said that Egypt is pleased to host...
Egypt: Sisi Witness Inauguration of 9th Int Conf. on Financial Inclusion in Sharm
Egypt: Sisi Witness Inauguration of 9th Int Conf. on Financial Inclusion in Sharm 9/14/2017 - President Abdel Fattah El Sisi witnessed the inauguration of the 9th international conference on financial inclusion in Sharm El Sheikh.

The two-day gathering is attended by representatives ...
Egypt-Sudan Ports Panel Concludes Meetings
9/14/2017 - An Egyptian-Sudanese ports committee concluded its meetings under the co-chairmanship of Egypt's investment and international cooperation ministry undersecretary Fathi Abdel-Azim and his counterpart o...
Egypt's Delegation Arrives in Khartoum to Participate in Tripartite Meeting on Renaissance Dam
9/14/2017 - Egyptian delegation of irrigation sector's experts and technicians arrived in Khartoum .

The delegation will participate in the 15th Tripartite Technical Committee meeting on the Grand Ethiop...
Egypt: Cabinet Mulls Plan to Relocate Ministries to New Administrative Capital
Egypt: Cabinet Mulls Plan to Relocate Ministries to New Administrative Capital 9/14/2017 - Prime Minister Sherif Ismail chaired a meeting on a plan to relocate the ministries and bodies to the new administrative capital.

Minister of Planning, Follow-up and Administrative Reform Ha...
Egypt: Sisi Arrives at Venue of Int'l Conf. on Financial Inclusion in Sharm
9/14/2017 - President Abdel Fattah El Sisi arrived at the venue of the largest international conference on financial inclusion in Sharm El Sheikh.

More than 94 states and 119 international institutions w...
Egypt: GACIC Secretary General: Egypt is on Right Track
9/16/2017 - The Secretary General of the German-Arab Chamber of Industry and Commerce (GACIC) Abdel Aziz al Mekhlafi stressed that Egypt is on the right track.

He further underlined that Germany is keen ...
Egypt: 11 Companies Affiliated to Holding Companies Record EGP 4.5 Billion Net Profits
9/16/2017 - Eleven companies affiliated to the Holding Company for Maritime and Land Transport and the Holding Company for Tourism, Hotels and Cinema have recorded net profit of EGP 4.49 billion during the 2016-2...

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