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Financials and Investment News in Egypt

Egypt to Take Part in IMF Conf. in Marrakech
1/28/2018 - A high-level Egyptian delegation will take part in a conference organized by the International Monetary Fund (IMF) in tandem with the Arab Monetary Fund (AMF), the Arab Fund for Social and Economic De...
Egypt Signs Third $500 Mln Tranche of $1.5 Bln Afdb Loan
Egypt Signs Third $500 Mln Tranche of $1.5 Bln Afdb Loan 1/28/2018 - Egypt's Minister for Investment and International Cooperation Sahar Nasr signed the deal, saying the funds would be put toward the social-security system, which currently fails to meet citizen's needs...
Egyptian Delegation to Participate in Morocco IMF Conference on Job Creation
Egyptian Delegation to Participate in Morocco IMF Conference on Job Creation 1/28/2018 - A high-level Egyptian delegation is set to participate in a conference organised by the International Monetary Fund (IMF), in cooperation with the Arab Monetary Fund (AMF), the Arab Fund for Social an...
Mars Egypt to Expand Business in Egypt
1/28/2018 - Minister of Trade and Industry Tarek Kabil met with Duncan McCulloch, Mars’ Regional Director for the MENA region to discuss the company’s investment plans in Egypt in the near future.

Kabil ...
Egypt: Investment Minister: Bankruptcy Law Comes at Critical Time, Encourages Investment
Egypt: Investment Minister: Bankruptcy Law Comes at Critical Time, Encourages Investment 1/28/2018 - Minister of Investment and International Cooperation Sahar Nasr said the bankruptcy law approved by the Egyptian parliament comes at a critical time in Egypt's history and would encourage investment.<...
Egypt: Agriculture: Sisi Ratified Egypt's Joining International Olive Oil Agreement
1/29/2018 - Minister of Agriculture and Land Reclamation Abdel Moniem el Bana said President Abdel Fattah El Sisi has ratified Egypt's joining the International Agreement on Olive Oil and Table Olives.

...
Egypt: Sahar Nasr Witnesses Inking of Investment Project in Dabaa
Egypt: Sahar Nasr Witnesses Inking of Investment Project in Dabaa 1/29/2018 - Investment Minister Sahar Nasr and Minister of Local Development Abu Bakr el Gendi witnessed the inking of an agreement to establish an investment project in Mersa Matrouh.

Under the deal, M...
Egypt to Keep Customs Exchange Rate at 16 EGP per Dollar in February
1/30/2018 - Egypt will keep its customs exchange rate at EGP 16 per US dollar, effective until the end of next month.

In an official statement , the finance ministry said the decision to keep the custom...
Egypt's Economic Growth Rate Expected To Reach 5% in 2018 - IMF Official
1/30/2018 - Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expected the economic growth rate in Egypt to exceed projections hitting about 5 percent in...
Egypt: PM Meets Planning Minister to Discuss Latest Developments
Egypt: PM Meets Planning Minister to Discuss Latest Developments 1/30/2018 - Prime Minister Sherif Ismail met Minister of Planning, Follow-Up and Administrative Reform Hala el Saeed to be briefed on a number of issues related to the ministry's work.

During the meetin...
Egypt to See Higher Rise in Budget Deficit Than Previously Expected: Deputy Finance Minister
Egypt to See Higher Rise in Budget Deficit Than Previously Expected: Deputy Finance Minister 1/30/2018 - Egypt’s fiscal year 2017/18 budget deficit is expected to record 9.4 percent of GDP, up from a projected 9.1 percent in the budget for the current fiscal year, Deputy Minister of Finance Mohamed Maait...
Egypt Signs $3 Bln Agreement with International Islamic Trade Finance Corporation
Egypt Signs $3 Bln Agreement with International Islamic Trade Finance Corporation 1/30/2018 - Investment and International Cooperation Minister Sahar Nasr signed a $3 billion agreement with International Islamic Trade Finance Corporation (IITFC) CEO Hani Salem Sonbol to fund the import of basi...
Egyptian Envoy Praises Joint Projects with Ethiopia
Egyptian Envoy Praises Joint Projects with Ethiopia 1/31/2018 - Egyptian Ambassador to Ethiopia Abu Bakr Hefny has praised relations with Ethiopia and Sudan as strategic and multidimensional.

In statements , the Egyptian diplomat called for linking the i...
Itfc, Egypt Sign Us$3 Billion Financing Agreement
1/31/2018 - International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group and the Egyptian government represented by the Ministry of Investment and International Coope...
Egypt: With Financing from the ITFC of Egypt Is Developing a Plan to Import Basic Commodities
Egypt: With Financing from the ITFC of Egypt Is Developing a Plan to Import Basic Commodities 1/31/2018 - Dr. Sahar Nasr, Egyptian Minister of Investment and International Cooperation, confirmed the provision of $ 3 billion in funding from the International Islamic Trade Finance Corporation (ITFC) to fina...
Egypt: First Baby Milk Complex To Be Set Up In Egypt With Polish Investment
Egypt: First Baby Milk Complex To Be Set Up In Egypt With Polish Investment 1/31/2018 - The new complex will be set up in the 10th of Ramadan City, to be the first in Egypt, with a total investment of around EGP 1.5 billion.

Cairo- Minister of Trade and Industry Tarek Kabil met ...
Egypt: Investment Promotion Conf. Kicks off with Participation of 75 Institutions
Egypt: Investment Promotion Conf. Kicks off with Participation of 75 Institutions 1/31/2018 - CI Capital, a pioneering group working in financial services in Egypt, launched its second investment conference, which will last for three days with the participation of 200 investors from 75 world ...
International Islamic Trade Finance Corp Opens $400 Million Credit Line For Egypt
2/1/2018 - The International Islamic Trade Finance Corporation opened this week a line of credit worth $400 million for Egypt to buy petroleum products as part of the final tranche of a $3 billion finance deal s...
Egypt To Accelerate Development Of Zohr Gas Field: Minister Of Petroleum
2/1/2018 - Egyptian Petroleum Minister Tarek El-Molla said his country is seeking to complete the development of the new Mediterranean Zohr gas field by the beginning of 2019, ahead of the previously scheduled d...
Egypt: Qabil, Croatian Amb. Confer on Economic Cooperation
Egypt: Qabil, Croatian Amb. Confer on Economic Cooperation 2/3/2018 - Trade and Industry Minister Tareq Qabil met with Croatia's Ambassador to Egypt Tomislav Bošnjak to discuss means of boosting economic cooperation.

The meeting also tackled means by which to ...

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