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Financials and Investment News in Egypt

Egypt: Kabil Takes Part in Amcham Conference on Trade, Industry Growth in Egypt
Egypt: Kabil Takes Part in Amcham Conference on Trade, Industry Growth in Egypt 10/30/2017 - Kabil: The government is engaged to push through its economic reform program despite all current challenges.

Minister of Trade and Industry Tarek Kabil participated yesterday in the conferenc...
Egypt: Imf Official Says Egypt's Economy Is Seeing "Broad-Based" Growth
10/31/2017 - The International Monetary Fund said Egypt’s economic growth is driven by a “broad-based” recovery across industries, a sign that reform measures such as floating the currency are starting to pay off ...
Egypt PM, EU Envoy Discuss Economic Coordination
Egypt PM, EU Envoy Discuss Economic Coordination 10/31/2017 - Prime Minister Sherif Ismail received EU Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn, hailing cooperation between Cairo and the European bloc in all field...
Egypt: Sisi Asserts Importance of Developing Civil Aviation Sector
Egypt: Sisi Asserts Importance of Developing Civil Aviation Sector 10/31/2017 - President Abdel Fattah El Sisi underlined the importance of continuing to upgrade and develop the civil aviation sector including Egyptian airports' security systems and qualifying its working human c...
Egypt: Bourse Gains More than EGP 36 Bn during October, All Indices Up
11/1/2017 - Foreign and Egyptian investment funds drove Egypt's bourse indices up at the close of trading.

The market capital gained 36.4 billion pounds today to close at EGP 784.9 billion compared with...
Egypt: Nasr, WB Group Discuss Doing Business Report via Video Conference
Egypt: Nasr, WB Group Discuss Doing Business Report via Video Conference 11/1/2017 - Minister of Investment and International Cooperation Sahar Nasr held a meeting via video conference with the Washington-based World Bank Group on the occasion of the 15th anniversary of launching the ...
Central Bank of Egypt: Egypt Pays Installment of $2bln Loan to Libya
Central Bank of Egypt:  Egypt Pays Installment of $2bln Loan to Libya 11/2/2017 - Egypt paid a 250-million-dollar installment of a loan Egypt obtained from Libya during the reign of former president Mohamed Morsi in 2013, Deputy Governor of the Central Bank of Egypt (CBE) Rami Abul...
Egypt Makes Last Payment of $2 Bn Loan to Turkey
11/2/2017 - Egypt paid the last 200-million-dollar installment of a loan Egypt obtained from Turkey during the reign of former president in October 2012, the Central Bank of Egypt (CBE) Deputy Governor told MENA ...
Egypt: Trade Minister, Greek Ambassador Discuss Means of Cementing Economic Relations
Egypt: Trade Minister, Greek Ambassador Discuss Means of Cementing Economic Relations 11/4/2017 - Minister of Trade and Industry Tareq Qabil discussed with Greek Ambassador to Egypt Michael-Christos Diamessis means of fostering economic relations, boosting trade exchange and increasing joint inves...
Russian Official: Deal on Establishing Russian Industrial Zone in Egypt in Final Stages
11/4/2017 - The deal on setting up a Russian industrial zone is in its final stages, acting Russian trade representative in Cairo Nikolai Aslanov told MENA.

The project will cover an area of 5 million s...
Egypt: Sahar Nasr Mulls with UAE Businessman Investments
Egypt: Sahar Nasr Mulls with UAE Businessman Investments 11/5/2017 - Investment and International Cooperation Minister Sahar Nasr met UAE investor Abdullah Saeed Al Thani, the Chairman of Al Thani Investments LLC, in Cairo.

The meeting touched on the UAE firm...
Egypt: Uber General Manager Discuss Expanding Company's Activities Across Egypt
Egypt: Uber General Manager Discuss Expanding Company's Activities Across Egypt 11/6/2017 - Investment and International Cooperation Minister had talks with Uber General Manager in Egypt Abdul Latif Waked on expanding the company's activities in governorates.

This came on the sideli...
Egypt: CBE: Foreign Currency Reserves Reach $36.70 Billion In October
Egypt: CBE: Foreign Currency Reserves Reach $36.70 Billion In October 11/6/2017 - The Central Bank of Egypt (CBE) said that the foreign currency reserves increased by $169 million to reach $36.70 billion in October.

The CBE explained that this increase is the highest in hi...
Investment Minister Confers With UNDP Director on Small Enterprises, Youth Projects
11/6/2017 - Minister of Investment and International Cooperation Sahar Nasr conferred with Director of the United Nations Development Programme (UNDP) in Egypt Randa Abu el Hassan on the fringe of the World Yout...
Egypt's EFSA Approves Mandatory Purchase Offer for National Co for Maize Products Shares
11/7/2017 - Approves Mandatory Offer from Cairo 3a for International Industries to Buy 29.5 Million Shares of National Co for Maize Products At
Egypt: Nasr Confers With ILO on Accelerating Implementation of Protocol on Youth Employment in Egypt
Egypt: Nasr Confers With ILO on Accelerating Implementation of Protocol on Youth Employment in Egypt 11/7/2017 - Minister of Investment and International Cooperation Sahar Nasr conferred with Director of the International Labor Organization (ILO) Peter Van Rooij on the fringe of the World Youth Forum, currently...
Sisi to CNBC: Economic Conditions in Egypt Much Better
Sisi to CNBC: Economic Conditions in Egypt Much Better 11/7/2017 - President Abdel Fattah El Sisi said the economic conditions in Egypt are getting much better.

In an interview with CNBC over the weekend that aired , Sisi said that "targeting tourism in Egyp...
Egypt: Mouse to Boost Cooperation with Greece- Qabil
Egypt: Mouse to Boost Cooperation with Greece- Qabil 11/9/2017 - Minister of Trade and Industry Tareq Qabil said preparations are under way to sign a number of memorandums of understanding between the Egyptian and Greek governments.

The expected MoUs aim t...
Egypt's Sisi Says Pound to Strengthen as Float Met Dollar Needs
11/9/2017 - Egyptian President Abdel-Fattah El-Sisi said Wednesday he expected the pound to strengthen because the decision to float the currency and lift most capital controls a year ago had eased an acute hard-...
Egypt: Sherif Ismail Attends Egyptian-Tunisian Partnership Forum Closing Activities
Egypt: Sherif Ismail Attends Egyptian-Tunisian Partnership Forum Closing Activities 11/12/2017 - Prime Minister Sherif Ismail stressed that the international and regional situations and challenges demand highest level of consultation and coordination between Egypt and Tunisia in all fields, spec...

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