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Financials and Investment News in Egypt

Egypt, Saudi Arabia Discuss Investment Opportunities in New El Alamein City, Administrative Capital
2/3/2018 - Housing Minister Moustafa Madbouli discussed with a Saudi delegation from Al Tayyar group, headed by CEO Abdullah Bin Dawood, investment opportunities in New El Alamein City and the New Administrativ...
Egypt: Transport Minister Inspects Metro, Railway Stations
2/3/2018 - Transportation Minister Hisham Arafat paid a surprise visit to several metro and railway stations.

He inspected measures taken ahead of the second academic term, due to kick off .

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Egypt: Kabil: Economic Institutions Confirm The Country's Recovery Is on The Right Track.
Egypt: Kabil: Economic Institutions Confirm The Country's Recovery Is on The Right Track. 2/3/2018 - Minister of Trade and Industry Tarek Kabil inaugurated, on behalf of Prime Minister Sherif Ismail, the third round of “Egypt Investment Forum”, held in Cairo on February 3-4, under the auspices of Pre...
Egypt: BMI Research Predicts Egypt to Become an Economic Outperform In 2018
2/4/2018 - A February BMI Research report predicted that Egypt will stand out as the economic outperformer of 2018 and applauded the structural reforms that the country has implemented as part of its 2016 Intern...
Egypt's Non-Oil Business Sector Activity Stabilizes in Jan 2018
2/5/2018 - Egypt's non-oil private sector business activity stabilised in January after a slump the previous month, with an overall positive outlook thanks to tough economic reforms, a survey showed.

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Egypt's Cabinet Dismisses 'Rumors' Of New Fuel-Price Hikes
2/5/2018 - The Egyptian cabinet has dismissed "rumours" of new price hikes for fuel and petroleum products.

The cabinet's Information and Decision Support Center (IDSC) said on Sunday that it had commun...
Egypt to Issue Eurobonds Worth $4-5 Billion Within Days
Egypt to Issue Eurobonds Worth $4-5 Billion Within Days 2/5/2018 - Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said.

Egypt sold $7 billion in five-, 10- and 30-year bonds last year ...
Environment Min. Meets Italian Amb. in Cairo
2/5/2018 - Environment Minister Khaled Fahmi met with Italian Ambassador to Egypt Giampaolo Cantini and a number of Italian businessmen.

The meeting tackled means of boosting cooperation between the two...
Region mostly weak but blue chips buoy Egypt as foreigners buy
2/5/2018 - Most Middle Eastern stock markets fell in line with a weak global trend, with Saudi Arabia seeing profit-taking in cement shares, but Egypt rose on the back of several blue chips.

The regio...
Egypt's cabinet dismisses 'rumors' of new fuel-price hikes
2/5/2018 - The Egyptian cabinet has dismissed "rumours" of new price hikes for fuel and petroleum products.

The cabinet's Information and Decision Support Center (IDSC) said on Sunday that it had commun...
Sisi Meets with Omani Businessmen in Muscat
Sisi Meets with Omani Businessmen in Muscat 2/6/2018 - President Abdel Fattah El Sisi, currently in Muscat, had talks with a number of Omani businessmen on means of fostering trade and economic cooperation.

The meeting grouped over 40 businessme...
Egypt Govt Prepares for Second Phase of Reform Program to Boost Ailing Economy
Egypt Govt Prepares for Second Phase of Reform Program to Boost Ailing Economy 2/6/2018 - Egypt Prime Minister Sherif Ismail said that he met the Governor of the Central Bank of Egypt Tariq Amer and discussed the details of the second phase of the country’s IMF-sponsored economic reform pr...
Egypt: PM: Further Gas Exploration Opportunities Available in Egypt
Egypt: PM: Further Gas Exploration Opportunities Available in Egypt 2/6/2018 - Prime Minister Sherif Ismail said that Egypt has many other promising opportunities with regard to the oil and natural gas exploration alongside Zohr gas field.

In a press conference followi...
Face book to Launch Online Shopping Feature Marketplace in Egypt within Weeks
2/6/2018 - Facebook will roll out its online shopping feature Marketplace in Egypt, Morocco and Algeria in the coming weeks, a Facebook spokesperson confirmed .

Users can buy and sell items on the peer-...
Egypt: Kabil Heads to Singapore in Trade Promotion Visit
Egypt: Kabil Heads to Singapore in Trade Promotion Visit 2/7/2018 - Minister of Trade and Industry Tarek Kabil is heading tomorrow to Singapore, where he will hold a series of meetings with government officials and business community leaders to promote trade and inves...
Egypt's Foreign Debt Reached $80.8 Billion in December 2017
Egypt's Foreign Debt Reached $80.8 Billion in December 2017 2/7/2018 - The Central Bank of Egypt (CBE) revealed that the country's foreign debt jumped to $80.8 billion in the first quarter of fiscal year 2017/18.

The CBE said that foreign debt rose by $1.8 bill...
Egypt: Indian Investments in Egypt Reach $3bn: Indian Ambassador
2/7/2018 - India’s Ambassador to Egypt, Sanjay Bhattacharyya, stated that the value of the Indian economy soared to $2.5 trillion following substantial investments in its commercial and technological sector, and...
Egypt: Sahar Nasr Signs Two Agreements with Saudi Grant Committee
Egypt: Sahar Nasr Signs Two Agreements with Saudi Grant Committee 2/8/2018 - Minister of Investment and International Cooperation Sahar Nasr has inked two investment agreements with a Saudi grant committee to contribute to financing start-ups, entrepreneurship and micro-scale ...
Egypt Ramses Industry Company to Exhibit at Dubai's Paperworld Middle East Convention
2/8/2018 - Ramsis Industry company will be exhibiting its products at the Paperworld Middle East, an international platform for the paper and office products industry, which will take place between 27 February a...
Egypt, Japan Discuss Boosting Cooperation
Egypt, Japan Discuss Boosting Cooperation 2/10/2018 - Petroleum and Mineral Resources Minister Tarek el Molla discussed with Japan's Parliamentary Vice-Minister of Economy Trade and Industry Masaki Ogushi boosting cooperation in oil industry.

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