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Financials and Investment News in Egypt

Egypt: Urgent Financial Aid Paid For Victims of Sinai Attack - Governor
11/28/2017 - North Sinai Governorate paid urgent financial aid for victims terrorist attack on Al Rawda Mosque that left 305 persons dead, including 27 children.

Governor Abdel Fattah Harhoor said the fa...
Planning Minister: Comprehensive Development Vision to Be Implemented In Sinai
11/29/2017 - Planning Minister Hala el Saeid said a comprehensive development vision will be implemented in Sinai in the coming stage.

The peninsula is in need of more educational services, with focus on...
Sisi Urges Proceeding with Agricultural Development Plans
Sisi Urges Proceeding with Agricultural Development Plans 11/30/2017 - President Abdel Fattah El Sisi has asserted the importance of keeping up with plans to achieve the overall agricultural development, which in turn could help meet the country’s food security.

...
EGX Gains EGP 15.6 Bln, Benchmark Rises 2.23 Pct
EGX Gains EGP 15.6 Bln, Benchmark Rises 2.23 Pct 11/30/2017 - The Egyptian Exchange (EGX) indexes went up collectively at the close of trading, amid purchase operations in transactions of foreign institutions and investment funds.

The purchases were pu...
Trade Minister Witnesses Ceremony on Conclusion of Emergency Employment Investment Project in Egypt
12/4/2017 - Trade and Industry Minister and president of the Small- and Medium-sized Enterprises (SMEs) Development Authority, Tarek Qabil, witnessed the concluding ceremony on implementing an agreement of the e...
Egypt: Acting PM Chairs Meeting of Economic Committee
12/4/2017 - The economic ministerial committee convened under acting Prime Minister Moustafa Madbouly to discuss the implementation of national projects in Egypt.

The committee also reviewed reports on ...
Egypt's Foreign Reserves Reach USD 36.723 Bln in November
Egypt's Foreign Reserves Reach USD 36.723 Bln in November 12/5/2017 - Egypt's foreign currency reserves rose slightly to reach 36.723 billion dollars in November, announced the Central Bank of Egypt (CBE).

The stability of the cash reserve came although the CBE...
Egypt: E-SICO, Qualcomm Agree on Transferring Modern Technology to Egypt's Mobile Factory
12/5/2017 - Minister of Communications and Information Technology Yasser el Kady witnessed a signing ceremony of an agreement between the Egyptian Silicon Industries Co. (E-SICO) and Qualcomm.

The agreem...
Egypt: World Bank Approves $1.15 Bln Development Policy Loan for Egypt
12/6/2017 - The World Bank Group said its executive board approved a $1.15 billion development policy loan for Egypt to support the country's economic reform programs.

The loan is the last in a series o...
Egypt Is Going Through Important Transitional Phase of Economic Reform, Says Investment Minister
Egypt Is Going Through Important Transitional Phase of Economic Reform, Says Investment Minister 12/6/2017 - Minister of Investment and International Cooperation Sahar Nasr said that Egypt is going through an important transitional phase of economic reform.

Nasr made the remarks in a discussion org...
Egypt to Sell $1 Bln in Dollar-Denominated One-Year Treasury Bills
Egypt to Sell $1 Bln in Dollar-Denominated One-Year Treasury Bills 12/7/2017 - Egypt will sell $1 billion in dollar-denominated, one-year treasury bills on December 11, the central bank said .

Appetite for Egypt’s domestic debt has grown since the central bank floated t...
Egypt: International Community Hails the Success of Luxor Conference Held by WCO Policy Commission
12/7/2017 -  Marked the end of the 78th round of the World Customs Organization Policy Commission’s (WCO PC) conference held at Luxor.

The WCO Secretary General Dr. Kunio Mikuriya expressed his great sat...
Egypt: Investment Minister: WB Praises Improvement in Investment Climate of Egypt
12/9/2017 - Minister of Investment and International Cooperation Sahar Nasr said the World Bank has praised the investment climate in Egypt at all fronts.

In statements during her participation in a foru...
Egypt: COMESA Council: Africa Forum Helps Increasing Egypt's Products to Africa
12/9/2017 - Chief of the COMESA Business Council Amany Ashour said holding COMESA conference in Egypt would give a strong impetus to Egyptian products in African market.

In statements to Nile TV on the f...
Egypt: Talks of Developing "El Nasr Automotive" in Its Final Stages
12/10/2017 - Minister of Public Enterprises Ashraf el Sharqawi said the ministry has outlined a plan to develop the performance of its affiliated companies and pump new investments in the sector to utilize assets ...
Egypt: Experimental Production from Zohr Gas Field to Start Within Days
12/10/2017 - Egypt's Minister of Petroleum Tarek El-Molla announced that experimental production from the Mediterranean Zohr Gas field is set to start in the coming days.

Discovered in 2015, Zohr is the l...
Egypt: Sisi's Participation in Africa 2017 Forum Contributed to Its Success
Egypt: Sisi's Participation in Africa 2017 Forum Contributed to Its Success 12/11/2017 - The Head of COMESA Regional Investment Agency Heba Salama said that the participation of President Abdel Fattah El Sisi in the Africa 2017 forum contributed to its success.

In statements, Sal...
Egypt: EGX GAINS LE1.8 BN
Egypt: EGX GAINS LE1.8 BN 12/11/2017 - The Egyptian Stock Exchange (EGX) indexes posted collective gains at the close of trading, backed by purchases by Arab and foreign institutions and investment funds.

The market capital gain...
Egypt Bop Surplus Records $5.1 Bln in 1Q 2017/2018 Compared To $1.9 Bln Same Period Last Year
Egypt Bop Surplus Records $5.1 Bln in 1Q 2017/2018 Compared To $1.9 Bln Same Period Last Year 12/11/2017 - Egypt's balance of payments surplus reached $5.1 billion in Q1 2017/2018 which runs July-September, up from $1.9 billion in the first quarter of the last fiscal year, the Central Bank announced .
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Egypt: Foreign Investment in Egyptian Securities Rises to $19 Bln
Egypt: Foreign Investment in Egyptian Securities Rises to $19 Bln 12/11/2017 - Foreign investment in Egyptian securities hit $19 billion as of December 6 since the flotation of the pound currency in November 2016, Finance Minister Amr El Garhy said.

Egypt floated the p...

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