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Financials and Investment News in Egypt

Egypt: Average yields on Egyptian three and seven-year T-bonds fall
12/12/2017 - The average yield on Egypt's three-year and seven-year treasury bonds fell at an auction central bank data showed.

The average yield on three-year bonds was 16.094 percent, compared with 1...
Egypt: Moody's Expects Better Performance of Egypt's Bank Sector in 2018
12/13/2017 - Moody's Corporation expected a better performance of the banking sector in Egypt in 2018.

In its report "Banks -- Africa, 2018 Outlook", Moody's said, "Challenging conditions will most affect...
Egypt, Switzerland Sign Joint Declaration on Strategic Cooperation for 2017-2020.
12/13/2017 - Egypt and Switzerland have signed a joint declaration for a strategic cooperation program between the two countries for 2017-2020 at a total value of 86 million francs.

Minister of Investment...
Egypt Welcomes Foreign Investments at the Suez Canal Economic Zone
12/13/2017 - Egypt Welcomes Foreign Investments at the Suez Canal Economic Zone (SCZone), Chairman of the Suez Canal Authority Mohab Mamish said .

All under-construction industrial projects are set up pur...
Ge Power Announced That It Has Signed an Agreement with Egyptian Electricity Transmission Company
12/13/2017 - GE Power announced that it has signed an agreement with the Egyptian Electricity Transmission Company (EETC) for the extension of the Gabal El Zayt 22/220 kilovolt (kV) Gas Insulated Substation, conne...
Egypt: Trade Minister Discusses with Argentine FM Economic Cooperation
12/14/2017 - Minister of Trade and Industry Tareq Qabil discussed with Argentine Foreign Minister Jorge Faurie the importance of economic cooperation, especially after Egypt officially joined Mercosur which is an ...
Egypt: Investment Minister Asserts Youth Economic Empowerment
Egypt: Investment Minister Asserts Youth Economic Empowerment 12/16/2017 - Egypt's Investment and International Cooperation Minister Sahar Nasr asserted that the government is keen on economically empowering youths by creating jobs for them.

The state also seeks fu...
Egypt, Russia Sign Protocol on Resumption of Direct Flights
12/16/2017 - Egyptian Aviation Minister Sherif Fathy and Russian Transport Minister Maxim Sokolov signed a cooperation agreement on the resumption of direct flights between the two countries after a two-year brea...
Egypt: Head of CAPMAS: 2017 Start Of Real Economic Reform in Egypt
12/16/2017 - Abu Bakr el Gendy, the head of the Central Agency for Public Mobilization and Statistics (CAPMAS), has said that real economic reform started in Egypt in 2017.

More reform measures should fo...
Egypt: IFC Mulls Boosting Investments in Egypt
Egypt: IFC Mulls Boosting Investments in Egypt 12/16/2017 - The International Finance Corporation (IFC) weighs boosting financing programs dedicated to invest in Egypt's industrial sector in the coming period, Trade and Industry Minister Tarek Qabil said .
...
Egypt: Pumping Operations Begin at Egypt’s Giant Zohr Gas Field
Egypt: Pumping Operations Begin at Egypt’s Giant Zohr Gas Field 12/17/2017 - Pumping operations began on Egypt's super-giant Zohr gas field, bringing the country closer to achieving its goal of self-sufficiency in the supply of liquefied natural gas (LNG).

Experimenta...
Egypt, Japan Discuss Education, Investment Coop.
12/18/2017 - Japanese Foreign Minister Taro Kono and visiting Egyptian Investment and International Cooperation Minister Sahar Nasr discussed cooperation on education and investment.

Kono and Nasr excha...
Egypt: Mastercard Launches Masterpass in Egypt
12/18/2017 - Contributing to the growth of the e-commerce sector in Egypt, Mastercard, a leading technology company in the global payments industry, has launched its global digital payment service Masterpass in Eg...
Egypt: Acting PM Follows Up Implementation of Project to Develop 1.5mn Feddans
Egypt: Acting PM Follows Up Implementation of Project to Develop 1.5mn Feddans 12/18/2017 - Acting Prime Minister Mostafa Madbouli held a meeting to follow up progress achieved in the first phase of the 1.5 million feddans development project.

The meeting tackled all the aspects of...
Egypt: WB-Sponsored Remote Sensing Project on Underground Water Completed
12/25/2017 - A World Bank-sponsored major project aiming to predict the change in the groundwater volume in Egypt and Africa has been completed, head of geographical information department of the National Authorit...
Egypt: Nasr to CNN: Government Works upon Sisi Vision to Attract Investment
12/25/2017 - Investment and International Cooperation Minister Sahar Nasr said Egypt is implementing an ambitious economic reform program, including social safety networks.

Interviewed by CNN, the minist...
Egypt's EFG Hermes Looks to Manage Renewable Energy Projects
12/25/2017 - Egyptian investment bank EFG Hermes aims to manage renewable energy projects totalling 400-500 megawatts in the north African country in the coming three years, said the bank’s energy head Bakr Abdel ...
Egypt: Foreign Borrowing Is Still Necessary to Develop Infrastructure
12/25/2017 -  Egypt's MPs accused Minister of Investment and International Cooperation Sahar Nasr of drowning the country in an excess of foreign loans, but the minister fired back, saying that loans are still nec...
To Provide $200 Million for Egyptian Project to Increase Energy Efficiency of Natural Gas Transport
12/27/2017 - The European Bank for Reconstruction and Development (EBRD) will provide Egypt with $200 million to invest in increasing the energy efficiency of the natural gas transport infrastructure, according to...
Egypt Trade Finance Transactions Record $70.8 Billion since EGP Float
12/27/2017 - Egypt's banks have funded trade finance transactions worth $70.8 billion since the Egyptian pound was floated in November 2016, the Central Bank of Egypt (CBE) announced .

By the end of Febru...

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