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Financials and Investment News in Egypt

Economy Steadily Grows; Inflation to Be Under Control
Economy Steadily Grows; Inflation to Be Under Control 5/6/2018 - The Egyptian economy is steadily maintaining its growth momentum, as the country targets achieving sustainable growth rates of 6-7 per cent, Minister of Finance Amr el Garhi said .

Addressing...
IMF Hails Egypt's Success in Coping With Economic Challenges
5/6/2018 - International Monetary Fund (IMF) First Deputy Managing Director David Lipton 5/5/2018 hailed Egypt's success in coping with the economic challenges facing the country.

"The country had face...
Egypt Minister of Trade and Industry Issues Decree Regulating Plastic, Rubber Scrap Imports
Egypt Minister of Trade and Industry Issues Decree Regulating Plastic, Rubber Scrap Imports 5/6/2018 - The move aims to regulate the import of these materials in order to meet the needs of the local market.

Minister of Trade and Industry Tarek Kabil issued a new decree introducing new regulati...
Suez Canal Authority and Dubai Ports Sign Mou to Develop Egypt's First Dry Port
5/7/2018 - The head of Egypt’s Suez Canal Authority (SCA) Mohab Mamish announced the signing of a memorandum of understanding in Dubai with Dubai Ports (DP) and the Holding Company for Maritime & Land Transport...
Egypt Vision 2030 Aims To Achieve Sustainable Growth
5/7/2018 - Egypt Vision 2030 aims at achieving a sustainable growth to help the country provide job opportunities for youth, Planning Minister Hala el Saeed said .

Saeed made the remarks during her part...
Egypt Mulls Greater Agricultural Cooperation with Uganda
5/7/2018 - Minister of Agriculture and Land Reclamation Abdul Moneim el Banna discussed with his Ugandan counterpart Vincent Ssempijja means of increasing cooperation in agricultural areas.

This came d...
IMF Supports, Praises Egypt’s Economic Reforms Program
5/7/2018 - First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton hailed the achievements made by the Egyptian government under the program of economic reforms that led to having un...
Draft Law for Regulating IT-Based Land Transport Services Approved By the Parliament
Draft Law for Regulating IT-Based Land Transport Services Approved By the Parliament 5/7/2018 - Dr. Nasr: “It is considered the first law for mass transport in the Middle East which encourages the private sector to participate in this field”

The Minister of Investment and International ...
Sahar Nasr: Parliament Approval of Public Transport Bill Propels Competitiveness
Sahar Nasr: Parliament Approval of Public Transport Bill Propels Competitiveness 5/7/2018 -  Minister of Investment and International Cooperation Sahar Nasr asserted that the parliament approval of the bill regulating the use of smart buses in public transport will propel competitiveness amo...
Egypt: Preparing For the Sovereign Wealth Fund
5/7/2018 - Egypt’s government is making preparations for the establishment of the EGP 200 billion sovereign wealth fund which was announced in April, with the hope that the legislation governing and regulating t...
Assar: Egyptian-Chinese Agreement To Set Up Car Tire Manufacturing Company
5/8/2018 - State Minister for Military Production Mohamed Saaed el Assar attended the signing of a memorandum of understanding between the National Organization for Military Production (NOMP) and China's Poly I...
Egypt To Have World’s Third Economic Growth In 2026: Harvard Report
5/8/2018 - The Harvard Center for International Development forcasted that Egypt will be the third country that will achieve highest growth rates reaching 6.63 percent by 2026 in North Africa and globally, accor...
Egypt’s Public Debts Rise Fivefold Over Past Five Years
5/8/2018 - Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut public debt levels from 107 percent of GDP in fiscal year 2016/2017 to 80 percent...
The Union for the Mediterranean Launches Project to Improve Maritime Transport System
The Union for the Mediterranean Launches Project to Improve Maritime Transport System 5/9/2018 - The Union for the Mediterranean (UfM) launched a project to improve the maritime transport system in the Mediterranean region.

The five-year project aims at providing training and transferrin...
Egypt, Sudan to Hold Investment Conference at Joint Border Crossings
5/9/2018 - Egypt and Sudan concluded the 10th session of their Joint Committee on Land Crossings in Khartoum.

The two-day meetings were co-chaired by Egypt's investment and international cooperation mi...
Egypt Ministry of Military Production Will Partner with Chinese Green Energy Supplier
5/9/2018 - The Egyptian Ministry of Military Production signed a $2 billion investment agreement with Chinese green energy supplier Golden Concord, Ltd. (GCL) to build a solar panel manufacturing facility in Egy...
Egypt, Mexico to Establish a Joint Business Council
5/9/2018 - Egypt and Mexico announced the establishment of the Egypt-Mexico Business Council, an entity formed of companies that operate in one of the two countries or both.

The council, which is head...
Egypt Has Lion's Share of EBRD Investments
5/10/2018 - Egypt has the lion's share of European Bank for Reconstruction and Development (EBRD) investments in the southern and eastern Mediterranean region, said the regional director of the bank .

Ja...
Egypt's Annual Urban Consumer Price Inflation Decreases to 13.1 Pct
5/10/2018 - Egypt's annual urban consumer price inflation decreased to 13.1 percent in April from 13.3 percent in March, the official statistics agency CAPMAS said .

Inflation jumped after Egypt devalued...
Egypt’s Trade Deficit With The Netherlands Fell 21.7% In 2017.
5/12/2018 - Minister of Trade and Industry Tarek Kabil said that Egypt’s exports to the Netherlands enjoyed a significant increase in 2017, hitting €269.7 million, up 29.5% from €208.2 million a year earlier.

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