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Financials and Investment News in Egypt

Egypt: Ghada Wali, Greek Ambassador Discuss Labor Issues
10/7/2017 - Minister of Social Solidarity Ghada Wali received Greek Ambassador to Egypt Michael Diamessis on labor issues including the transfer of pensions of Egyptians under a deal signed between Cairo and Ath...
Egypt: Tarek Qabil Heads to Morocco to Attend WHO Mini Ministerial Meeting
Egypt: Tarek Qabil Heads to Morocco to Attend WHO Mini Ministerial Meeting 10/8/2017 - Minister of Trade and Industry Tareq Qabil left for Casablanca to head Egypt's delegation at a ministerial meeting of the World Health Organization (WHO) held in Marrakesh with the participation of t...
Egypt: CBE Chief Heads to Washington for IMF, WB Meetings
Egypt: CBE Chief Heads to Washington for IMF, WB Meetings 10/8/2017 - Governor of the Central Bank of Egypt Tarek Amer left for Washington on a three-day visit.

Amer will head Egypt's delegation at the annual meetings of the International Monetary Fund and the ...
Egypt: GAFI Head Confers with Indonesian Presidential Advisor on Boosting Cooperation
10/8/2017 - Chairwoman of the Egyptian General Authority for Investment (GAFI) Mona Zobaa met with an Indonesian high-level delegation, chaired by the Asian country’s presidential adviser on boosting the bilatera...
Egypt: Prime Minister Forms Committee to Follow Up Outcome of Sisi Visits
Egypt: Prime Minister Forms Committee to Follow Up Outcome of Sisi Visits 10/9/2017 - Prime Minister Sherif Ismail issued a decision to form a ministerial committee to follow up the outcome of President Abdel Fattah El Sisi's visits.

The committee, to be chaired by the Premier...
Egypt Seeks to Overcome Challenges Hindering Renewable Energy Projects
10/9/2017 - Minister of Environment Khaled Fahmy stressed the importance of expanding in the use of renewable energy as one of the mechanisms to overcome the impact of climate change.

This came during Fa...
Egypt: Investment Min. in Talks over South Sinai Investment Plans
Egypt: Investment Min. in Talks over South Sinai Investment Plans 10/9/2017 - Minister of Investment and International Cooperation Sahar Nasr conferred with Minister of Water Resources and Irrigation Mohamed Abel Atti and South Sinai Governor Khaled Fouda on the rate of impleme...
Egypt: Nasr Opens Uber's 1st Middle East Center of Excellence in Cairo
Egypt: Nasr Opens Uber's 1st Middle East Center of Excellence in Cairo 10/10/2017 - Investment and International Cooperation Minister Sahar Nasr opened an Uber Center of Excellence in Cairo, the first in the Middle East and the third after two established in Europe.

The 20 ...
Egypt: Minister of Industry Discusses with Swiss Delegation Improving Power Uses
Egypt: Minister of Industry Discusses with Swiss Delegation Improving Power Uses 10/11/2017 - Minister of Trade and Industry Tareq Qabil discussed with a delegation of the Swiss company of ABB under Managing Director Chun-Yuan Gu on improving power uses and technical and vocational training.
Egypt: Sisi Attends Inauguration of Number of Projects in Administrative Capital
Egypt: Sisi Attends Inauguration of Number of Projects in Administrative Capital 10/11/2017 - President Abdel Fattah El Sisi attended early a ceremony marking the launch of a number of projects in the new Administrative Capital.

Prime Minister Sherif Ismail, Defense Minister Sedqy Sob...
Egypt: IMF Expects Egypt's Growth Rate to Increase By 5.3 % by End of 2019
10/11/2017 - The International Monetary Fund (IMF) expected Egypt's growth rate to increase by 5.3 percent and the inflation rate to decline by 13.5 percent by the end of 2019.

In its World Economic Outlo...
Egypt: Sisi, German Min. discuss bilateral relations
Egypt: Sisi, German Min. discuss bilateral relations 10/11/2017 - President Abdel Fattah El Sisi received Germany's Federal Minister of Economic Cooperation and Development Gerd Müller, currently visiting Cairo.

The meeting was attended by Egyptian Minister...
Egypt: Economic Reform Results 'Exceed Expectations'
Egypt: Economic Reform Results 'Exceed Expectations' 10/12/2017 - Central Bank of Egypt Governor Tareq Amer said the economic reform results in Egypt are "strong" and "exceed expectations".

In statements to MENA on Thursday on the sidelines of his participa...
WB Forcasts Egypt’s Budget Deficit to Decline to 8.8% By End of 2017
10/12/2017 - The World Bank's report titled "MENA Economic Monitor, October 2017" predicted that Egypt's budget deficit to reach 8.8 percent of the GDP in FY 2017/2018, compared to 10.8 percent in FY 2016/2017.
Egypt: Nasr, WB Officials Discuss Support Offered to Sewage, Education, Transport Projects
Egypt: Nasr, WB Officials Discuss Support Offered to Sewage, Education, Transport Projects 10/14/2017 - Investment and International Cooperation Minister Sahar Nasr discussed with World Bank officials support offered by the bank for the second phase of the sewage system project, which is co-funded by t...
Egypt Takes Over Chairmanship of African Group 2018
10/14/2017 - Egypt's Investment and International Cooperation Minister Sahar Nasr took over the chairmanship of the World Bank's African Group for 2018.

Egypt is to host the meetings of the group next yea...
Egypt's CBE Governor Picked Best Governor in Region
Egypt's CBE Governor Picked Best Governor in Region 10/15/2017 - Central Bank of Egypt (CBE) Governor Tarek Amer has been granted the award of best governor in the Middle East and North Africa from Global Markets, a paper of record of the annual meetings of the Wor...
Egypt: Nasr Discusses Education, Transportation and Sanitation Support with WB Officials
Egypt: Nasr Discusses Education, Transportation and Sanitation Support with WB Officials 10/15/2017 - Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank Vice-President for the Middle East, Hafez Ghanem and the WB Vice-President for Equitable Growth, Jan Walliser....
Egypt: IDB Plans Three-Bn-Dollar Strategy for Egypt
10/15/2017 - The Islamic Development Bank (IDB) plans a new strategy for cooperation with Egypt worth $3 billion to cover the period from 2018 to 2020, the group's President Dr. Bandar Hajjar was quoted by the Inv...
Egypt: Dollar Exchange Rate Stable at Major Banks in Egypt
10/15/2017 - The US dollar exchange rate was relatively stable during morning transactions at major banks .

The dollar exchange rate recorded EGP 17.60 for buying and EGP 17.70 for selling at the National...

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