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Financials and Investment News in Egypt

Egypt Passes 4th WTO Trade Policy Review
Egypt Passes 4th WTO Trade Policy Review 2/24/2018 - Egypt managed to pass the World Trade Organization (WTO)'s fourth review of the trade policies and practices of Egypt that took place on February 20-22.

In a statement, the Trade and Industry...
Egypt and Lebanon Agree on Future Economic Deal.
Egypt and Lebanon Agree on Future Economic Deal. 2/24/2018 - Egypt and Lebanon have agreed on a future economic plan, said Investment and International Cooperation Minister Sahar Nasr.

Emerging from a meeting with Lebanese Prime Minister Saad al Hariri...
Egypt and Sudan keenness to intensify Fostering Agricultural Cooperation
2/24/2018 - Minister of Agriculture Abdel Mon’em el Banna emphasized the political leadership’s keenness to intensify agricultural cooperation with Sudan to maintain food security in a way that serves the interes...
Egypt's F.M Sameh Shoukry Received a Delegation from The American Chamber of Commerce in Egypt
2/24/2018 - Egypt's foreign minister Sameh Shoukry received a delegation from the American Chamber of Commerce in Egypt (AmCham) as part of preparations for an upcoming door-knock mission, according to a stateme...
Egypt: Partnership with DP World to Contribute to Developing Sokhna
2/25/2018 - Vice Admiral Mohab Mamish, the Chairman of the Suez Canal Authority and Economic Zone, said that immediately after establishing a company to develop Ain Sokhna port, in partnership with Dubai Ports W...
Trade Minister Meets US Chamber Of Commerce Reps in Preparation For Annual ‘Door Knock’ Mission
Trade Minister Meets US Chamber Of Commerce Reps in Preparation For Annual ‘Door Knock’ Mission 2/26/2018 - Minister of Trade and Industry Tarek Qabil met with representatives of the US Chamber of Commerce in preparation for the annual “Door Knock” mission scheduled for March, which aims to present a positi...
Egyptian Trade and Industry Minister: More Polish Investments to Be Pumped Into Egyptian Market
Egyptian Trade and Industry Minister: More Polish Investments to Be Pumped Into Egyptian Market 2/26/2018 - Trade and Industry Minister Tarek Qabil said that more Polish investments will be pumped into the Egyptian market within the coming period thanks to the economic reforms adopted by the government late...
Apple Plans Biggest I phone yet for 2018
2/26/2018 - Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, a device that may have a bigger display than arch-rival Samsung's flagship phone, Bloomberg ...
Archer Daniels Midland Co and Cargill to Launch Soybean Joint Venture in Egypt
2/26/2018 - Grain traders Archer Daniels Midland Co and Cargill announced a joint venture that will supply soybean meal and oil for customers in Egypt.

The venture, to be launched in mid-2018, will ope...
Average yields on Egypt's 10-year bonds jump almost 100 bp
2/27/2018 - Average yields on Egypt’s 10-year treasury bonds jumped by nearly 100 basis points at the first auction of its kind since the central bank began loosening monetary policy.,

. The 10-year bo...
Egypt Inaugurates €22 Million MATS Plant in Alexandria, Co-Funded By EU
2/28/2018 - Egypt's ministers of electricity and higher education inaugurated a €22 million multipurpose applications by thermodynamic solar (MATS) plant in Borg El-Arab, Alexandria .

The European Union ...
The Egyptian Exchange: Bourse gains EGP 4.4 bln; all indexes up
2/28/2018 - The Egyptian Exchange (EGX) indexes posted collective gains at the close trading, supported by Arab and foreign institutions and investment funds' purchases.

The market capital gained about...
Sisi Launches 1st Stage of New El Alamein City
Sisi Launches 1st Stage of New El Alamein City 3/1/2018 - President Abdel Fattah El Sisi arrived in the New El Alamein city where he will launch the first stage of the eco-city.

The president will also inaugurate via video conference a number of p...
Sisi to Open Many Projects During his Marsa Matrouh Visit
Sisi to Open Many Projects During his Marsa Matrouh Visit 3/1/2018 - President Abdel Fattah El Sisi will give the go-ahead for the first stage of the New El Alamein eco-city in Marsa Matrouh governorate and open a number of other projects via video conference, Presiden...
Egypt Electricity Minister Confers with Malaysian Investors in Renewable Energy Projects
3/4/2018 - Electricity Minister Mohamed Shaker met with a delegation of Malaysian investors to probe business opportunities in the renewable energy sector.

Shaker posted officials from Tenaga Nasional ...
Belgian Trade Delegation to Visit Egypt to Discuss Enhancing Trade
3/4/2018 - A Belgian trade delegation is set to visit Egypt from 4 March to 8 March to discuss fostering and enhancing economic trade relations between Belgium and Egypt, the Belgian Embassy in Cairo said
Sisi Hopes Huawei to Expand Operation in Egypt
Sisi Hopes Huawei to Expand Operation in Egypt 3/4/2018 - President Abdel Fattah El Sisi expressed hope that Huawei Egypt would expand its activities and operations in the country.

Sisi’s remarks came during a meeting with Huawei CEO Guo Ping, CEO ...
Egypt Net Foreign Reserves Rise to $42.524 Bln after Eurobond Sale
3/4/2018 - Egypt’s foreign reserves rose to $42.524 billion at the end of February from $38.209 billion at the end of January, the central bank said helped by a recent Eurobond sale.

Cairo’s foreign res...
Egypt's Parliament Gives Green Light to Private Investment In Railway Sector
3/4/2018 - Egypt's parliament – the House of Representatives – finally approved on Sunday several government-drafted amendments to the 1980 law that regulates the performance of the debt-laden Egyptian Railway A...
Egypt, Saudi Arabia Sign cooperation Agreements
3/5/2018 - In the presence of Egyptian President Abdelfatah Al-Sisi and visiting Saudi Crown Prince Mohammad bin Salman bin Abdulaziz, representatives of both countries signed four agreements on cooperation in t...

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