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Financials and Investment News in Egypt

Egypt: UK Trade Envoy to Egypt Hails Meeting with PM as Positive
9/26/2017 - UK trade envoy to Egypt Sir Jeffrey Donaldson described his meeting with Prime Minister Sherif Ismail as "very positive".

In statements, Donaldson, who is leading a delegation of heads of sev...
Egypt on Track for Year-End Imf Payment, But 32 Percent Inflation a Worry
9/27/2017 - Egypt has made a “good start” to its reform programme despite seeking waivers for missing targets in June and a deeper-than-expected currency depreciation, the International Monetary Fund said .
Egypt: US to Grant $100 Million Military Aid to Egypt
Egypt: US to Grant $100 Million Military Aid to Egypt 9/27/2017 - Egypt and the United States have signed new bilateral assistance agreements and amendments worth over US$100 million that support the government of Egypt’s economic reforms, Sustainable Development Pl...
Egypt: Sahar Nasr, Armenian President Discuss Boosting Economic Cooperation
Egypt: Sahar Nasr,  Armenian President Discuss Boosting Economic Cooperation 9/30/2017 - Armenian President Serzh Sargsyan met with Egypt's Investment and International Cooperation Minister Sahar Nasr on ways to boost economic cooperation.

Sargsyan hailed historic and cultural r...
Egypt, Armenia Sign Mou to Support Joint Investments
Egypt, Armenia Sign Mou to Support Joint Investments 9/30/2017 - Egypt and Armenia signed a memorandum of understanding (MoU) to promote joint investments between the two countries, on the sidelines of the 5th session of the Egyptian-Armenian joint committee.
Egypt Achieved Progress in Digital Innovation: Communication Ministry
9/30/2017 - Egypt has achieved progress and has become a prominent country in the field of digital innovation after jumping 12 global rungs during the current year, Chief Executive Officer of Information Technolo...
Egypt, South Sudanese Sudan Probe Promoting Bilateral Cooperation
9/30/2017 - Minister of Water Resources and Irrigation Mohamed Abdel Aati has met with his South Sudanese counterpart Sophia Pal Gai along with her accompanying delegation, currently on a visit to Egypt.

...
Finance Ministry Fixes Customs Dollar Exchange Rate at EGP 16 till End of October
9/30/2017 - Finance Ministry decided to set the customs dollar exchange rate at EGP 16 as of October and for one month.

The dollar exchange rate, which has been stable during the last phase, reached 17.6...
Egypt: Finance Ministry Fixes Customs Dollars at LE16
Egypt: Finance Ministry Fixes Customs Dollars at LE16 10/1/2017 - Egypt will keep a customs dollar rate at a fixed EGP 16 for the month of October effective the first of the month, Finance Minister Amr El-Garhy said .

In September, the customs exchange rate...
Egypt: Trade, Supply Ministers, Saudi's Savola Group Officials Review Boosting Investments
Egypt: Trade, Supply Ministers, Saudi's Savola Group Officials Review Boosting Investments 10/1/2017 - Ministers Tareq Qabil of Trade and Industry and Ali Moselhi of Supply held a meeting with officials from Saudi Arabia's Savola Group on the company's future plans in Egypt, especially with regard to p...
Egypt: Nasr Reviews Economic Reforms in Meeting with Development Partners
Egypt: Nasr Reviews Economic Reforms in Meeting with Development Partners 10/2/2017 - Minister of Investment and International Cooperation Sahar Nasr conferred with a number of Egypt's partners in development where they discussed the cooperation action plan and the government's efforts...
Egypt’s Foreign Reserves Rise to $36.5 Bin in September: CBE
Egypt’s Foreign Reserves Rise to $36.5 Bin in September: CBE 10/2/2017 - Egypt’s foreign reserves increased to $US36.534 billion in September from $36.143 in August, rising by $391 million, the Central Bank of Egypt (CBE) announced .

In August the CBE said that fo...
Egypt: Prime Minister meets tourism investors
Egypt: Prime Minister meets tourism investors 10/3/2017 - Prime Minister Sherif Ismail received a group of tourist investors to review problems facing the sector and proposals to solve them.

The ministers of tourism and civil aviation took part in ...
Egypt: Investments of EGP1.7 Bln Signed During Conference
Egypt: Investments of EGP1.7 Bln Signed During Conference 10/4/2017 - Investments of EGP 1.7 billion have been signed during a conference on sustainable development organized by the Arab League, said a minister.

The investments cover several sectors, Investment...
Egypt, Sudan to Promote Economic Relations
10/4/2017 - Egypt's Ambassador in Khartoum Osama Shaltout discussed boosting and developing economic relations with Sudanese Trade Minister Hatem Al Serr.

Shaltout told MENA that both parties agreed on ...
Egypt: Russian Deputy Trade Minister Arrives in Cairo
10/4/2017 - Russian Deputy Minister of Industry and Trade Georgy Kalamanov arrived here a visit to Egypt, during which he will have a meeting with a number of officials.

The Russian official is also sch...
Egypt, Finland Discuss Coop. in Industrial Waste Treatment
10/4/2017 - Environment Minister Khaled Fahmy discussed with Finnish Ambassador to Egypt cooperation in the environmental domains, including treatment of industrial waste and controlling industrial pollution.
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Egypt to Receive $2.1 Bin Funds From Organizations
10/5/2017 - Egypt is expected to receive funding in the coming months at a total of US$2.15 billion, including $1 billion from the World Bank, $500 million from the African Development Bank, $500 million from the...
Egypt: Prime Minister Confers With JBIC Head on Ways to Support Cooperation
Egypt: Prime Minister Confers With JBIC Head on Ways to Support Cooperation 10/5/2017 - Prime Minister Sherif Ismail met Japan Bank for International Cooperation (JBIC) Governor Akira Kondoh.

During the meeting, ways to support cooperation between Egypt and the JBIC were discus...
Egypt: Investment Min, USAID director discuss activating signed agreements between Egypt, US
Egypt: Investment Min, USAID director discuss activating signed agreements between Egypt, US 10/5/2017 - Minister of Investment and International Cooperation Sahr Nasr met Director of the US Agency for International Development (USAID) in Egypt Sherry Carlin and President of the American Chamber of Comm...

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