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Financials and Investment News in Egypt

Egypt: SCA Chairman in Germany to Promotes Investment in Egypt
9/16/2017 - Chairman of the Suez Canal Authority (SCA) Mohab Mamish is in Berlin on a visit to attract German investments to Egypt.

Mamish, who doubles as head of the Suez Canal Economic Zone (SCZone), w...
Egypt: Sisi Directs to Continue Implementing Economic Growth Program
Egypt: Sisi Directs to Continue Implementing Economic Growth Program 9/17/2017 - President Abdel Fattah El Sisi gave his directives to continue implementing the sustainable economic growth program in a way that contributes to improving economic conditions and people's living condi...
Egypt: PM Denies Any Intention to Privatize Railways
Egypt: PM Denies Any Intention to Privatize Railways 9/17/2017 - Prime Minister Sherif Ismail denied the government's intention to privatize the railways.

"We are seeking to achieve a large leap in the railways in the coming period," Ismail told reporters,...
Egypt: GAFI, Singapore's SECC Sign Mou on Developing Investment Zones
9/17/2017 - The General Authority For Investment and Free Zones (GAFI) has signed a Memorandum of Understanding (MoU) with Singapore's SECC Group on developing investment zones.

Investment and Internatio...
Egypt: CBE Governor Tarek Amer Talks Inflation, Growth
Egypt: CBE Governor Tarek Amer Talks Inflation, Growth 9/18/2017 - Central Bank of Egypt (CBE) Governor Tarek Amer spoke to Bloomberg Television about his country’s efforts to reform the economy, the outlook for growth and inflation, and how ratings companies are lag...
Egypt: Trade Ministry, Siemens Sign Mou on Digital Transformation
9/18/2017 - The Trade Ministry and Siemens’ Egypt Company have signed a MoU in the field upgrading the local industry and support digital transformation.

The MoU aims at undertaking a number of technolog...
Egypt: Government Aims to Curtail Unemployment Down to 9.5%
9/18/2017 - Planning Minister Hala el Saeed said that the country targeted reducing the unemployment rate to 9.5 percent in the coming two fiscal years.

The unemployment rate has witnessed an improvemen...
Egypt: Prime Minister Meets Polish, German Companies over Plants in East Port Said
Egypt: Prime Minister Meets Polish, German Companies over Plants in East Port Said 9/18/2017 - Prime Minister Sherif Ismail conferred with representatives of the five German and Polish companies that signed investment contracts with “East Port Said Development Company” last week in Germany.
...
Egypt: US Investors Seek Doing Business in Egypt
Egypt: US Investors Seek Doing Business in Egypt 9/19/2017 - Egyptian Minister of Investment and International Cooperation Sahar Nasr said that a large number of US businessmen lauded the economic reform process in Egypt.

The US investors asserted tha...
Telecom Egypt Launches Country's Fourth Mobile Network We
9/19/2017 - Telecom Egypt officially launched “WE”, the country’s long-awaited fourth mobile network.

The fourth mobile network is available with the technologies of 2G and 3G, and 4G experimentally..
Egypt: IFC Approves Investing USD 150 Million in Egypt's Agriculture Sector
9/23/2017 - The executive council of the International Finance Corporation (IFC) has approved injecting dlrs 150 million direct investments into Egypt’s agriculture sector, Minister of Investment and Internationa...
Egypt: Prime Minister Follows Up Work Progress in Implementing Number of Projects
Egypt: Prime Minister Follows Up Work Progress in Implementing Number of Projects 9/23/2017 - Prime Minister Sherif Ismail met with New Valley Governor Mohamed el Zamalot to follow up the progress achieved in a number of ventures in the governorate.

During the meeting, the governor s...
Egypt: ADFG Interested in Expanding Business in Egypt
Egypt: ADFG Interested in Expanding Business in Egypt 9/23/2017 - Investment and International Cooperation Minister Sahr Nasr said that the UAE multi-billion pound investment firm Abu Dhabi Financial Group (ADFG) is interested in increasing its investments in the e...
Egypt: Unified Planning Bill to Be Referred To Cabinet in 10 Days
9/23/2017 - The unified planning bill will be referred to the Cabinet within 10 days in order to expedite Egypt’s economic and social plan, Minister of Planning, Monitoring and Administrative Reform Hala el Saeed...
Egypt: IFC Approves Investing Dlrs 150m in Egypt's Agriculture Sector
Egypt: IFC Approves Investing Dlrs 150m in Egypt's Agriculture Sector 9/24/2017 - The Executive Council of the International Finance Corporation (IFC) has approved injecting dlrs 150 million direct investments into Egypt’s agriculture sector, Minister of Investment and Internationa...
Egypt: Prime Minister Chairs Meeting of Economic Ministerial Committee
Egypt: Prime Minister Chairs Meeting of Economic Ministerial Committee 9/25/2017 - Prime Minister Sherif Ismail chaired the meeting of the economic ministerial committee in the presence of the ministers of investment, finance, public business sector, supply, agriculture and transpo...
Egypt: Investment Min. Launches Initiative to Boost Startups
Egypt: Investment Min. Launches Initiative to Boost Startups 9/25/2017 - Investment and International Cooperation Minister Sahar Nasr launched an initiative to support new companies and boosts the entrepreneurship climate in Egypt.

Called “Fekretek Sherketek” (you...
Egypt-UAE Economic Relations Witnessed Unprecedented Leap
Egypt-UAE Economic Relations Witnessed Unprecedented Leap 9/25/2017 - Minister of Trade and Industry Tarek Qabil asserted that the Egyptian-UAE relations are strategic and deeply rooted at the political, economic and social levels, noting that economic relations in part...
Egypt: Sherif Ismail Issues Forms Ministerial Committee to Settle Investment Disputes
Egypt: Sherif Ismail Issues Forms Ministerial Committee to Settle Investment Disputes 9/26/2017 - Prime Minister Sherif Ismail has issued a decision forming a ministerial committee to settle investment disputes.

The committee will be headed by the Justice Minister and includes the ministe...
Egypt: Sherif Ismail Affirms Determination to Complete Reform Policy in All Fields
Egypt: Sherif Ismail Affirms Determination to Complete Reform Policy in All Fields 9/26/2017 - Prime Minister Sherif Ismail affirmed his government's determination to complete the reform policy in all sectors.

The premier told reporters that a decision was issued to constantly stop th...

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