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Financials and Investment News in Egypt

Egypt Labour Demand Falls 20 pct in May
7/9/2012 - Demand for Egyptian workers fell by around 20 per cent in the year to May, data from the Egyptian Cabinet’s Information and Decision Support Centre (IDSC) showed on Monday. The centre's Labour Demand ...
Saudi Investments will Never Leave Egypt
7/10/2012 - An Egyptian-Saudi summit will be held in the Saudi city of Jeddah on 11/7/2012 to discuss a host of issues of mutual concern. President Mohamed Morsi and King Abdullah bin Abdelaziz will discuss bilat...
Egypt's Biggest Ceramics Maker to Shut Factories
7/11/2012 - Egyptian tycoon Mohamed Abul-Enein intends to liquidate his business interests in the country, citing the 'stress' brought on by repeated labour disputes with his employees, Ahram's Arabic-language ne...
Abul-Naga Meets with Susan Blankhart
7/12/2012 - Minister of Planning and International Cooperation Fayza Abul Naga on 11/7/2012 held talks with Dutch Ambassador in Cairo Susan Blankhart on the occasion marking the end of the ambassador's tour of du...
Younis: Singing Contract for Benha Power Station
7/12/2012 - Dr. Hassan Younis Electricity and Energy Minister witnessed the signing ceremony of an agreement on fetching equipment for Benha 750 mw capacity power station. The contract's value is EGP 27 million f...
Bourse Reopens Subscription for Treasury Bills
7/12/2012 - The Egyptian Exchange on 11/7/2012 announced reopening the subscription for treasury bills at a value of EGP4.5 billion along with other bonds at a value of EGPone billion. In a press release, the bou...
Momtaz al Saeed: Amended Real Estate Tax as of January
7/14/2012 - Finance Minister Momtaz al Saeed said the law of real estate tax is to go into effect as of January next after it has been endorsed by the People's Assembly before dissolution. The Minister expected E...
Momtaz al Saeed: Amended Real Estate Tax as of January
7/14/2012 - Finance Minister Momtaz al Saeed said the law of real estate tax is to go into effect as of January next after it has been endorsed by the People's Assembly before dissolution. The Minister expected E...
Egypt: Study to Develop Spinning and Weaving Industry
7/16/2012 - Industry and Foreign Trade Minister Dr. Mahmoud Eissa said the ministry has completed a study to resolve the most important problems facing the spinning and weaving industry in Egypt to raise its comp...
Egypt Enterprise Fund will Invest $60m
7/16/2012 - The US embassy has revealed more details of the Egypt Enterprise Fund, a new $60 million initiative to invest in the shares of promising small and medium-sized Egyptian firms. The fund was announced i...
Egypt Stocks Edge up as Investors Ignore Strikes
7/16/2012 - Egyptian stocks saw a modest rebound on Monday as investors shrugged off a new wave of labour protests and focused their buying on a select number of market heavyweights. The benchmark EGX30 rose 0.46...
Dr.Al-Ganzory Witnesses Concession Contract
7/16/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, witnesses signing ceremony of a concession contract on establishment and management of goods trading terminal in Al-Adabyia Port in Suez with capacity 5 million ...
Egypt & Belgium Sign Agreement on Debt Swap
7/18/2012 - Planning and International Cooperation Minister Fayza Abul-Naga and Belgian Ambassador in Cairo Bruno Neve de Mevergnies signed a debt-for-development-exchange agreement to direct three debts worth 2....
LE 480 mn to Improve Irrigation Systems
7/18/2012 - The Ministry of Water Resources and Irrigation succeeded to obtain a loan worth 300 million Saudi Riyals, as equal as LE 480 million from the Saudi Fund for Development to improve irrigation systems i...
Egypt Keen on Economic Cooperation with Philippines
7/19/2012 - Egypt is keen on maintaining political cooperation with the Philippines, a senior diplomat said. The Assistant Foreign Minister for Asian Affairs Mohamed Hegazi met with Philippines' Undersecretary of...
New Cuts in Egypt's Public Spending
7/19/2012 - Egypt's minister of finance, Momtaz Al-Said, issued new rules rationalizing governmental spending in ministries, administrative agencies, and other public bodies. The new rules include restrictions on...
Income Gaps in Egypt Largest between Cairo and Upper Egypt
7/19/2012 - The main reason for disparities in income and consumption between different regions inside Egypt is differences in returns on assets individuals possess, a recent World Bank report states. Entitled “R...
Momtaz El-Saed Approves New Cuts in Public Procurements
7/19/2012 - Egypt's minister of finance, Momtaz El-Saed, issued Thursday new rules rationalising governmental spending in ministries, administrative agencies, and other public bodies. The new rules include restri...
ECA, Anti-Dumping Department Sign Cooperation Protocol
7/20/2012 - The Egyptian Competition Authority (ECA) and the Anti-Dumping, Subsidy and Safeguarding Department signed a cooperation protocol on 19/07/2012. It aims at achieving integration and coordination among ...
Egypt Public Spending to be Directed to Local Firms
7/20/2012 - Egypt's government is to direct public spending towards domestic firms and enact further cost-cutting measures in its public procurement policies, Finance Minister Momtaz El-Saeed said in a statement....

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