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Financials and Investment News in Egypt

UK Supports Egypt's Plan to Become Regional Energy Hub
2/14/2018 - British Ambassador in Cairo John Casson said his country's technology and investment help Egypt in its plan to become a regional energy hub.

Paying a visit to the Egypt Petroleum Show 2018, ...
Egypt Back to Int'l Markets after Issuing Eurobonds worth $4 Billion
Egypt Back to Int'l Markets after Issuing Eurobonds worth $4 Billion 2/14/2018 - Finance Minister Amr El Garhi said Egypt has successfully managed to return to international markets after it issued Eurobonds worth dlrs 4 billion despite the latest ups and downs in global money mar...
Egypt Parliament Approves Major Amendments For Capital Market Law
Egypt Parliament Approves Major Amendments For Capital Market Law 2/14/2018 - The Egyptian parliament has given its final approval to the amended Capital Market Law, the Investment and International Cooperation Ministry announced in a statement .

Forty-five articles of...
DEWA Awards Consortium Of ELSEWEDY ELECTRIC & SIEMENS AG an EPC Contract For AWEER "H" Station
2/14/2018 - ELSEWEDY ELECTRIC (EGX: SWDY.CA), the leading Integrated Energy Solution Provider in the Middle East and Africa, as leader to a Consortium which includes SIEMENS AKTIENGESELLSCHAFT (Germany) announces...
Egypt's Unemployment Rate Down To 11.3 in Q4/2017
2/15/2018 - Egypt's statistics agency said in a report that the country's unemployment rate decreased to 11.3 percent in the last quarter of 2017, in comparison to 12.4 percent during the same period in 2016. ...
Egypt Tax Revenues Rise By 61 Percent Year-on-Year In First Half Of 2017/18
2/15/2018 - Egypt's tax revenues rose by 61 percent year-on-year in the first half of the 2017/18 fiscal year that began in July, a Finance Ministry official said.

Revenues rose to 248.8 billion Egyptian...
High Demand on Egyptian Int'l Bonds Shows Trust in National Economy
2/15/2018 - Deputy Chairman of the National Bank of Egypt Yehia Abul Fotouh on Wednesday said Egypt's issuing of global bonds to the value of 4 billion dollars, for which there was a massive demand, indicated an ...
Trade Exchange Between Egypt, Russia Registers USD 6.7 Billion in 2017
2/17/2018 - The volume of trade exchange between Egypt and Russia hiked 62 percent year-on-year in 2017, registering $6.7 billion, Russian trade representative in Cairo Nikolai Aslanov said .

In statemen...
Trade Minister: Egypt's Exports To Tunisia Hit USD 187.2 Million in 2017
2/17/2018 - Trade and Industry Minister Tarek Qabil said that non-petroleum Egyptian exports to the Tunisian market registered an increase of 40.7% reaching $187.2 million in 2017 compared to $133 million during ...
Egyptian Trade Minister Cairo Seeks To Have Market For Car Industry
Egyptian Trade Minister Cairo Seeks To Have Market For Car Industry 2/17/2018 - Minister of Trade and Industry Tareq Qabil said the Egyptian market has all capabilities that qualify it to be a main industrial and logistic hub for manufacturing cars in the Middle East and Africa....
Largest British trade delegation in two decades concludes visit to Egypt
2/17/2018 - A British delegation including representatives of 50 companies concluded its five-day visit to Egypt after meetings and talks with Egyptian officials, the British embassy said in a statement.

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Egypt, Uzbekistan ,Review Trade and Economic Cooperation
2/18/2018 - Uzbek Ambassador in Cairo Oybek Usmanov Arifbekovich said an Uzbek business team - that wrapped up a visit to Egypt - had successful talks with Egyptian officials and businessmen on means of enhancing...
Fluctuating Dollar Price Against Egyptian Pound
2/18/2018 - US dollar prices fluctuated against the Egyptian pound during the bank dealings, with the price averaging LE17.60 to the greenback.

According to the latest pricing updates, the dollar declin...
The Center Bank of Egypt Hold Barter Agreement and Increasing Gold Reserves
The Center Bank of Egypt Hold Barter Agreement and Increasing Gold Reserves 2/18/2018 - The Sukari Mining Company in the Red Sea governorate implemented in February a barter agreement with the Central Bank of Egypt (CBE) to increase the country’s gold reserves.

According to the ...
EGP 7.12 Bn Value Of Micro Funding Activities By End Of 2017
2/18/2018 - Egyptian Financial Supervisory Authority Chairman Dr Mohamed Omran said micro funding is still achieving positive results after three years of issuing a law that regulates micro funding activities in...
Volume of Trade Exchange between Egypt, Sweden Reaches 644mn Euros In 2017
Volume of Trade Exchange between Egypt, Sweden Reaches 644mn Euros In 2017 2/19/2018 - The volume of trade exchange between Egypt and Sweden amounted to some 644 million Euros in 2017, the trade and industry minister said.

Tareq Qabil, in a meeting with visiting Swedish Minist...
Egyptian Trade and Industry Minister Leaves for Geneva for WTO Trade Policy Review
Egyptian Trade and Industry Minister Leaves for Geneva for WTO Trade Policy Review 2/19/2018 - Trade and Industry Minister Tarek Qabil left for Geneva leading a high-level delegation to take part in the World Trade Organization (WTO)'s trade policy review meetings.

The periodical meeti...
Egyptian Minister Highlights Economic Reforms during WTO Meeting on 4th Egypt Trade Policy Review
Egyptian Minister Highlights Economic Reforms during WTO Meeting on 4th Egypt Trade Policy Review 2/21/2018 - The third Egypt Trade Policy Review review was conducted in 2005 Trade and Industry Minister Tarek Kabil presented Egypt’s trade policies and economic reform programmer at Egypt’s 4th Policy Trade Re...
President Sisi Says Dream of Turning Egypt into Regional Energy Hub is Becoming Reality
President Sisi Says Dream of Turning Egypt into Regional Energy Hub is Becoming Reality 2/21/2018 - Sisi commented on the controversial $15 billion gas deal brokered between Egyptian and Israeli gas companies, saying that Egypt has 'nothing to hide' about the agreement.

Egypt's President Ab...
Egypt’s Foreign Currency Reserve At $38.2 Million
2/24/2018 - Minister of Planning Hala el-Saeed said that the strategic reserve of foreign currency in the Central Bank of Egypt reached US$38.2 million, which provides the needs of the country for 8 months compar...

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