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Financials and Investment News in Egypt

Egypt, Japan Discuss Ties, Cooperation
3/20/2018 - Assistant Foreign Minister for African Affairs Hamdy Sanad Loza met with Japanese Parliamentary Vice-Minister for Foreign Minister Manabu Horii.

They discussed ways to promote cooperation at...
CIF Receives 18,000 Visitors, Revenues Hit EGP 1.1 Bln.-Official
3/21/2018 - Director of Cairo International Fair (CIF) Ibrahim el Garhy revealed that the number of the visitors to the fair hit around 180,000, a fact that was registered through tickets that were sold over the ...
UAE Ambassador Meets Pakistani Minister Of Defence
3/21/2018 - Egyptian President Abdel-Fattah El-Sisi has signed the amended Capital Market Legislation into law in a presidential decree published by the Official Gazette, according to a Ministry of Investment and...
Egyptian Maintenance Company to Expand in Asian, African Countries
3/24/2018 - Petroleum Minister Tarek El Molla said that Egyptian Maintenance Company (EMC) will expand its operations in Iraq, Jordan, Oman, Algeria and Angola to provide petroleum maintenance services.

...
Egypt, Saudi Arabia Sign Contract in Building Industrial Zone in Sadat City
3/24/2018 - Chairman of the Industrial Development Authority (IDA) Ahmed Abdel Razek and Chief Operating Officer of the Saudi Construction Products Holding Company (CPC) Riad Kiwan signed a contract on the estab...
Egypt Aims At 5.8% GDP Growth in 2018/19 Budget
Egypt Aims At 5.8% GDP Growth in 2018/19 Budget 3/24/2018 - Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target of 5.8 percent, a slight increase compared to 5.2 percent set in the 2017/2...
US Approves Egypt’s Economic Reforms
3/25/2018 - Everyone here praised Egypt’s economic reform programme and recognised the effort needed to make such difficult and bold decisions,” American Chamber of Commerce in Cairo (AmCham) President Tarek Tawf...
Further Privatisations Announced in Egypt
3/25/2018 - The Finance Ministry announced a list of 23 state-owned companies that will either sell their shares via an initial public offering (IPO) or increase the percentage of their free-floating shares on t...
China’s SAIC Motor Mulls Setting up Car Plant in Egypt
China’s SAIC Motor Mulls Setting up Car Plant in Egypt 3/25/2018 - Minister of Trade and Industry Tarek Kabil met with a delegation from SAIC Motor, China’s largest automaker, where they discussed the company’s intention to build a plant for car manufacturing in Egyp...
Egyptian PM Meets Supply, Parliamentary Affairs Ministers on Strategic Goods
Egyptian PM Meets Supply, Parliamentary Affairs Ministers on Strategic Goods 3/25/2018 - Prime Minister Sherif Ismail met with Supply and Internal Trade Minister Ali Moselhi to probe the efforts exerted by his ministry to provide strategic commodities and the ongoing coordination among th...
Sudan, Qatar To Sign $4 Bln Deal To Manage Red Sea Port: Ministry
3/27/2018 - Research firms are expecting the Central Bank of Egypt’s Monetary Policy Committee to cut interest rates again on the back of further inflation easing, according to statements by EFG Hermes, HC Secur...
Public Enterprises Minister Confers With Concord Group Delegation On Joint Cooperation
3/27/2018 - Minister of Public Enterprises Sector Khaled Badawi conferred with a delegation of Concord International Group led by Mohammed Yunis on means of boosting joint cooperation in the various fields
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Egypt Finance Minister Presents State's 2018-19 Draft Budget to PM Ismail
Egypt Finance Minister Presents State's 2018-19 Draft Budget to PM Ismail 3/28/2018 - Egypt’s Finance Minister Amr El-Garhy presented the state’s draft budget for next fiscal year 2018-19 which begins July 1 to Prime Minister Sherif Ismail according to a statement from the Cabinet.
Egyptian Official Delegation Wraps up Visit to Somalia
Egyptian Official Delegation Wraps up Visit to Somalia 3/28/2018 - Egypt-Somalia ties have grown significantly in recent years; exports to Somalia rose in 2017 to $90 million.

An Egyptian official mission concluded its visit to Somalia, where talks with gov...
Egyptian PM: State Budget to Be Referred to Parliament
Egyptian PM: State Budget to Be Referred to Parliament 3/29/2018 - The cabinet will refer the new state budget to the parliament 29/3/2018, Prime Minister Sherif Ismail said .

The new budget bodes well, as it includes major mega projects in housing, sewage, ...
The Egyptian Exchange Traded Sideways, Benchmark Up
The Egyptian Exchange Traded Sideways, Benchmark Up 3/29/2018 - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading amid purchase operations by foreign institutions and investment funds and sales in transactions of their local and...
Egypt To Keep Customs Exchange Rate At 16 Pounds In April
3/31/2018 -  Egypt will keep its customs exchange rate steady at 16 pounds per dollar for April, state news agency MENA said .

Egypt began setting a monthly fixed customs exchange rate in January, follow...
Egypt Plans To Establish Free Economic Zone In South Sinai's Nuweiba
4/1/2018 - Egypt is set to establish a free economic zone in South Sinai’s Nuweiba, bringing the number of free zones in the country to 11.

In an official statement, Egypt’s investment and international...
Egypt's Stocks Gain EGP 5.4 Bln On Sunday Trading
4/1/2018 - The Egyptian Stock Exchange closed in the green, seeing collective gains as market capital won around EGP 5.4 billion, recording EGP 979.6 billion total, supported by foreign institutions and invest...
Egypt Adopted Rationalize Public Expenditure , to Tighten Control over Payments to State Employees
Egypt Adopted  Rationalize Public Expenditure , to Tighten Control over Payments to State Employees 4/2/2018 - Minister of Finance, Mr. Amr Al-Garhy, issued Circular no. 3, 2018, addressing the State's mechanism towards shifting to the employment of electronic, financial and accounting systems.

The sa...

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