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Financials and Investment News in Egypt

EGP 30 Billion Volume of UAE Investments in Egypt
6/29/2012 - The volume of trade exchange between Egypt and the United Arab Emirates (UAE) recorded a significant growth during the first quarter of 2012, as the volume of trade reached nearly EGP 3.5 billion, wit...
EGP4bn for Power Generating Station in Assiut
6/30/2012 - The electricity and energy sector considers establishing Assiut power generating station at a capacity of 650 megawatt to meet citizens' needs and future plans of development, said Electricity and Ene...
Ganzouri Discusses East Port Said Project
7/1/2012 - Prime Minister Dr. Kamal Al-Ganzouri reviewed on 30/7/2012 developments of East Port Said project and considered proposed alternatives and similar management systems in the world. Planning and Interna...
Egypt Trade Deficit Surges 95 pct in March
7/1/2012 - Egypt’s trade deficit soared to LE21.3 billion ($3.5 billion) in March, 95.3 per cent higher than the same month the year before, the state statistics agency said on Sunday. The total value of Egyptia...
Egypt Agrees $1bn in Funding for Food, Energy
7/1/2012 - Egypt's government has signed an agreement with the Saudi Arabia-based Islamic Development Bank (IDB) for $1 billion in funding for energy and food imports, the government said in a statement on Sunda...
New Egypt Government May Approach IMF Soon
7/2/2012 - Egypt will consider approaching the International Monetary Fund (IMF) and other financial institutions for loans to help get its economy back on track once Mohamed Morsi appoints a government, figures...
Egypt Signs an Agreement with IDB
7/2/2012 - The Egyptian government signed an agreement with the Saudi-based Islamic Development Bank (IDB) that will provide $1 billion to finance energy and food imports, the government said in a statement. It ...
14 million civil Servants to Benefit from Increment
7/3/2012 - Minister of Finance Momtaz el Saeid said the costs of the social increment set by President Mohamed Morsy at 15% of the basic salary for the state civil servants and pensioners will reach LE 13 billio...
ITIIC approved a Project for Renewable Energy Technology
7/4/2012 - The board of the Information Technology Industry Innovation Council (ITIIC) approved a project to promote new and renewable energy technology between Egypt, Spain and three of the African Unions' memb...
Egypt-Sudan Sign LE 1 bn to Establish Roads Network
7/4/2012 - Egypt and Sudan signed on 3/7/2012 a contract at LE 1.140 billion cost to establish roads network in Sudan. Singing ceremony were witnessed by Sudanese first Vice President Ali Osman, transportation, ...
UAE FM: We Keen on Boosting Relations with Egypt
7/4/2012 - UAE Foreign Minister Sheikh Abdullah bin Zayed al-Nuhyyan on 3/7/2012 underlined his country’s keenness to boosting relations with Egypt. The relations binding the UAE and Egypt are solid, and there i...
Developing Small & Medium Industrial Constructions
7/4/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting of the committee concerned with developing small and medium industrial constructions, in attendance of Ministers of Electricity, Housing, Tourism, L...
7,600 km Allocated for Producing Solar, Wind Energy
7/7/2012 - Minister of Electricity and Energy Dr. Hassan Younis said that 7,600 km of state-owned land was allocated for establishing projects for the production of power from solar and wind energies. The Minist...
Planning Ministry Offers Facilities for Foreign Investments
7/7/2012 - The Ministry of Planning and International Cooperation revealed a plan to encourage direct foreign investments in Egypt during the fiscal year 2012-2013, via offering a package of untraditional incent...
An Integrated Plan to Support Foreign, Arab Investments
7/7/2012 - Chairman of the General Authority for Investment and Free Zones (GAFI) Osama Saleh announced an integrated plan to support and encourage foreign and Arab investments, especially after the success of t...
Egypt to Sign Three Deals with UK, Australia, Ukraine
7/7/2012 - Egypt will sign three agreements on combating money laundering during the coming few days with Britain, Australia and Ukraine, asserted Head of the Board of Trustees of the Money Laundering Combating ...
Arrangements to Provide Mersa Matrouh with Water
7/8/2012 - Minister of Water Resources and Irrigation Dr. Hisham Kandil in a statement on 07/07/2012, said that the departments of the ministry have taken appropriate measures to provide potable water to Marsa M...
Judges Recommend Madinaty Land Deal be Cancelled
7/8/2012 - Egyptian judges recommended a court should cancel the settlement of a drawn-out legal dispute over Talaat Moustafa Group's (TMG) flagship real estate project, threatening more turmoil for the struggli...
Qatar and Algeria Plan to Partner on Steel Plant
7/8/2012 - The official Qatar News Agency says the gas-rich Gulf nation has agreed to build a steel plant in Algeria, extending its business ties to North Africa. A deal signed Saturday calls for a plant in the ...
Egypt's Alcotexa Sells 1,309 Tonnes Cotton in Past Week
7/9/2012 - Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,309 tonnes of cotton in the week that ended on 7 July, an Alcotexa official said on Monday. The sales comprised 292 tonn...

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