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Financials and Investment News in Egypt

Egypt's Pioneers Holding Plans to Invest Egp 2.9 Bln
4/19/2018 - Pioneers Holding Company For Financial Investments: Plans To Invest Egp 2.9 Billion During A Year Will Finance Investment Plan Through Egp 1.8 Billion Divestitures

Rest Will Be Financed Th...
$15 Billion Worth Of EU Investments In Egypt: Official
4/19/2018 - Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU) countries in Egypt exceed $15 billion, through the activity of 6,339 co...
Egypt To Receive $2 Bn From IMF After 3rd Review in May
Egypt To Receive $2 Bn From IMF After 3rd Review in May 4/19/2018 - Egypt’s Finance Minister Amr al-Garhy said that the review of the International Monetary Fund’s (IMF) third installment to Egypt’s economic reform program will commence at the beginning of May.
New Budget Targets 5.8% Economic Growth
New Budget Targets 5.8% Economic Growth 4/19/2018 - Finance Minister Amr el Garhy said the International Monetary Fund (IMF) forecasts for Egypt's economic growth rate hit 5.2 percent in the current fiscal year, expecting the rate to reach 5.8 percent ...
Sisi Boosting Cooperation, Investments With France's Orange
4/19/2018 - President Abdel Fattah El Sisi received Board Chairman and CEO of French Orange Company Stéphane Richard in the presence of Minister of Communications and Information Technology Yasser el Qadi.
Egypt Exports To EU Up By 21% In 2017, Minister
4/20/2018 - Egypt’s Trade and Industry Minister Tareq Qabil said on Friday that Egyptian commodity exports to the European Union (EU) market made big growth over the past year.

Commodity exports reached ...
Finance Minister Reviews Economic Reforms With International Officials
4/21/2018 - Minister of Finance Amr el Garhy attended a number of meetings on the sidelines of his participation in the Spring Meetings of the World Bank and the International Monetary Fund in Washington DC.
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Investment Minister Meets With US Investors in Washington
4/21/2018 - Minister of Investment and International Cooperation Sahar Nasr met during her participation in the annual Spring Meetings of the World Bank in Washington DC, with representatives of a number of major...
Egypt Announces New Strategy To Double Number Of E-Commerce Businesses By 2020
4/21/2018 - In further aims to expand the country’s e-commerce sector, Egypt revealed a plan to double the number of businesses selling products and services online by 2020 at the United Nations Conference on Tra...
Petroleum Minister, Canada Ambassador Mull Cooperation
4/22/2018 -  Petroleum Minister Tarek el Mulla met with Canada's Ambassador in Cairo Jess Dutton on ways to promote cooperation.

The meeting tackled also joint projects and possible Canadian investments ...
Commissioner: Egypt Is Important EU Partner
4/22/2018 - European Union (EU) Commissioner for Neighborhood Policy and Enlargement Negotiations Johannes Hahn said that the EU is the first partner of Egypt, underlining the importance of bilateral cooperation ...
Negotiations Over Developing Egypt's Suez Canal Zone Progressing Smoothly
4/23/2018 - Head of the Suez Canal Authority and Economic Zone, Mohab Mamish, announced y that progress on reaching development agreements for expanding Egypt's industrial shipping zones in Port Said and Ain Sokh...
Bourse Gains EGP 4.4 Bln
4/23/2018 - The Egyptian Exchange indexes posted gains at the close trading, backed by purchases by local and foreign institutions and investment funds.

The market capital gained around EGP 4.4 billion ...
Egypt, OFID Sign $53.2mn Irrigation Project Agreement
4/23/2018 - Minister of Investment and International Cooperation Sahar Nasr and Chairman of the OPEC Fund of International Development (OFID) Suleiman al-Herbish signed a project agreement for the second phase of...
WFP Allocates USD 454 Million to Back Egypt's Five-Year Plan for Food Security
4/27/2018 - Egyptian Ambassador to Italy and Permanent Representative to UN Organizations in Rome Hisham Badr said the UN World Food Program (WFP) supports Egypt's 2018-2023 plan for food security with 454 millio...
Egypt Says Non-Oil Exports Increase 15 Percent in Q1 Of 2018, Trade Volume Grows
4/27/2018 - Egypt said its non-oil exports for the first quarter of 2018 had increased by 15 percent compared with a year earlier, reaching $6.324 billion.

The volume of foreign trade in the same period ...
Kabil Meets Russian Delegation in Cairo for Cooperation Talks
Kabil Meets Russian Delegation in Cairo for Cooperation Talks 4/28/2018 - The joint Egyptian-Russian economic committee will be held in Moscow in the second half of May, where a number of cooperation agreements will be signed.

Minister of Trade and Industry Tarek K...
Moscow to Host Egyptian-Russian Economic Committee in May
Moscow to Host Egyptian-Russian Economic Committee in May 4/28/2018 - Minister of Trade and Industry Tarek Qabil said that meetings of the joint Egyptian-Russian economic committee will to be held in Moscow in the second half of May.

During the committee meetin...
Business Sector Minister Back Home after Ukraine's Visit
4/28/2018 - Public Business Sector Minister Khaled Badawy returned to Cairo along with his accompanying delegation, wrapping up a three-day official visit to Ukraine during which he held several meetings on mean...
Kuwait Provisionally Extends $4 Bln Deposit Maturity For Egypt: CBE Governor
4/29/2018 - The governor of the Central Bank of Egypt (CBE) Tarek Amer said that Kuwait has provisionally agreed to extend a $4 billion deposit maturity for Egypt.

Amer affirmed that Egypt is committed ...

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