Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

National Bank of Egypt , Banque Misr Halt Issuance of 17% Savings Certificates
4/14/2018 - Banque Misr and the National Bank of Egypt (NBE) stated they will be halting the issuance of savings certificates with fixed annual returns of 17 percent starting April 15.

The NBE announced...
Egyptian Finance Minister to Address Parliament on 2018/19 Budget
Egyptian Finance Minister to Address Parliament on 2018/19 Budget 4/14/2018 - The new budget aims to achieve a GDP growth of 5.8 per cent, lower the budget deficit to 8.4 per cent of GDP, and cut public debt to 91 per cent Egypt's Minister of Finance Amr El-Garhy is scheduled ...
World Bank to Support Egypt’s Education Development Strategy with USD 500 Million
World Bank to Support Egypt’s Education Development Strategy with USD 500 Million 4/14/2018 - The Minister of Investment and International Cooperation to hold a meeting with the WB’s leaders during her participation at the WB’s Spring Meetings next week

The Minister of Investment and ...
License Extended for Egypt’s Companies Exporting Disney Products
License Extended for Egypt’s Companies Exporting Disney Products 4/14/2018 - The decision comes within the Better Work Programme, implemented in Egypt in partnership with the ILO.

Minister of Trade and Industry Tarek Kabil said that Walt Disney Co has decided to pro...
Egyptian PM Urges More Upgrade of Airports' Capacities
Egyptian PM Urges More Upgrade of Airports' Capacities 4/15/2018 - Prime Minister Sherif Ismail asserted the importance of upgrading Egypt's airports to be "best receptions" for visitors from all over the world.

He made the remarks at a meeting with the min...
The Visegrád Group Delegation Visits Sczone
4/15/2018 - Talks are underway for the establishment of a Visegrád industrial area in Egypt.

Suez- A delegation from the Visegrád Group (V4)- a cultural and political alliance of the four Central Europe...
Egypt's Debut Euro-Denominated Eurobonds, April 2018
4/16/2018 -  Over the past 3 days, Finance Minister met 80 major European & American fixed income security investors.

Egypt's 1st euro-denominated Eurobonds claim unprecedented success. In integration...
Egypt's Suez Canal Revenues Rise to $463 Mln in March
4/16/2018 - Egypt's Suez Canal revenues rose to $463 million in March from $435.8 million in February.

The canal's revenues for the first quarter of 2018 rose by 12.9 percent year-on-year to reach $1.351...
Egypt to Raise Tobacco Tax Revenues by EGP 7.072 Bln in 2018-19
4/16/2018 - Egypt aims to raise its revenues from taxes imposed on tobacco by EGP 7 billion ($395.50 million) in the 2018-19 fiscal year, which start in July 2018, a government document said.

According t...
Egypt Exports to South Africa Up 69 Pct In 2017
Egypt Exports to South Africa Up 69 Pct In 2017 4/16/2018 - Egypt-South Africa trade reached $315 million in 2017. A recent report by the Egyptian commercial office in Pretoria showed that Egypt’s exports to South Africa increased notably in 2017, posting a ...
Egyptian the Minister of Investment Announces the Best Investment Project Initiative
Egyptian the Minister of Investment Announces the Best Investment Project Initiative 4/16/2018 - The Minister of Investment and International Cooperation Dr. Sahar Nasr has announced the launch of an initiative for selecting the best investment projects that carry out social development activitie...
Egypt's Unemployment Rate Falls to 11.8% in 2017: CAPMAS
4/16/2018 - Egypt’s unemployment rate fell to 11.8 percent in 2017, from 12.5 percent in 2016, CAPMAS announced .

The government has been leading a policy of prioritizing labor-intensive industries, in a...
Government To Establish Free Zone in Nuweiba, South Sinai
4/17/2018 - Prime Minister Sherif Ismail issued on Sunday a decision to establish a public free zone on a plot of 226.047 acres to the northeast of Nuweiba Port in South Sinai governorate.

The decision s...
Egyptian Ministry of Finance Issues Preliminary Financial Statement For 2018/19
Egyptian Ministry of Finance Issues Preliminary Financial Statement For 2018/19 4/17/2018 - Achieving economic growth by 5.8%, curbing unemployment rates. Reducing gross deficit to 8.4% of GDP, with a primary surplus standing at 2% of GDP Targeting a decrease in deficit of budget entitie...
Suez Canal Axis Project to Help Bolster African-Chinese Cooperation
4/17/2018 - Suez Canal Authority Chairman Mohab Mamish said holding the Forum on China-Africa Cooperation (FOCAC) in Cairo this year underlined the depth of bilateral ties, especially in the trade and economic do...
Egypt-South Africa Trade Reached $315 Million In 2017.
4/17/2018 - Cairo- A recent report by the Egyptian commercial office in Pretoria showed that Egypt’s exports to South Africa increased notably in 2017, posting a 69 % increase, Minister of Trade and Industry Tare...
World Bank :Egypt's Real GDP to Grow By 5 Pct in FY18
4/17/2018 - The World Bank (WB) raised its forecast for the growth rate of the Egyptian economy to grow 5 percent in the 2017/2018 fiscal year from 4.9 percent in its latest report on the Middle East and North A...
Egypt’s Economic Growth to Reach 5.2% in 2018
Egypt’s Economic Growth to Reach 5.2% in 2018 4/18/2018 - The International Monetary Fund (IMF) expects economic growth in Egypt to reach 5.2 percent in 2018 and 5.5 percent in 2019, according to its new World Economic Outlook report.

The report mor...
Egyptian PM: Gov’t Exerts Strenuous Efforts to Enhance Administrative Reform
Egyptian PM: Gov’t Exerts Strenuous Efforts to Enhance Administrative Reform 4/18/2018 - Prime Minister Sherif Ismail said that the Egyptian government exerts strenuous efforts to achieve administrative reform and improve performance.

The premier made the remarks during a meeting...
Canada Lifts Ban on Cargo Flights From Egypt
 Canada Lifts Ban on Cargo Flights From Egypt 4/18/2018 - The decision would boost the competitiveness of Egyptian exports in the Canadian market.

Minister of Trade and Industry Tarek Kabil announced that the Canadian government has removed the ban ...

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