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Financials and Investment News in Egypt

Egypt's Economic Growth Rate Hits 5.4% in 3rd Quarter of 2017/2018 Fiscal Year
5/18/2018 - Planning Minister Hala Saeed said Egypt's economic growth rate hit 5.4 percent during the third quarter of 2017/2018 fiscal year, the highest ever rate in the past seven years.

At a press con...
Military Production, Social Solidarity Ministers Sign Protocol to Establish Drug Treatment Centers
5/18/2018 - The ministries of Military Production and Social Solidarity signed a cooperation protocol to establish drug rehabilitation centers.

Military Production Minister Mohammed Saeed el Assar along ...
Cabinet Reviews Measures to Transform Military Production Ministry into Industrial Edifice
5/19/2018 - The cabinet reviewed the measures taken to transform the Ministry of Military Production into an industrial edifice that could play a role in achieving sustainable development and implementing mega pr...
Tarek Qabil:Industrial Licenses Law, Availability of Lands to Enhance Industrial Investment
Tarek Qabil:Industrial Licenses Law, Availability of Lands to Enhance Industrial Investment 5/19/2018 - Trade and Industry Minister Tarek Qabil said that 1,345 industrial facilities have obtained establishing and operating licenses from the Industrial Development Authority (IDA) in April compared with 1...
Moscow, Cairo to Sign Deal to Establish Russian Industrial Zone in Egypt
5/19/2018 - Russian industrial and trade ministry said Moscow and Cairo will sign in Moscow an agreement to establish a Russian industrial zone in Egypt. In a statement, the ministry said the signing will come d...
52 Ships Transit Suez Canal
5/19/2018 - Fifty-two ships transited the Suez Cana with a total cargo of 3.7 million tons, said chairman of the Suez Canal Authority Mohab Mamish.

The south-bound convoy included 26 vessels carrying 2.2...
Egypt Armed Forces, Australian Company Sign Deal to Separate Economic Minerals in Burullus
5/19/2018 - The Egyptian Black Sand Company (EBSC) and the Australian Minerals Technologies Inc. signed a contract to embark on a project meant to provide equipment to establish two factories for the concentratio...
Egypt Minister of Public Business: Plans to Develop Companies Won't Harm Workers
5/19/2018 - Minister of Public Business Sector Khaled Badawi said plans to develop companies affiliated with the ministry will not harm workers. In a statement, the ministry said Badawi's remark came in a meetin...
Albania Seeks to Promote Economic, Trade Cooperation with Egypt
5/20/2018 - Albanian Ambassador to Egypt Eduard Sulo stressed that his country seeks to promote economic and trade cooperation with Egypt. In an interview with MENA, the diplomat said the trade exchange between ...
Egypt: Production Units at 1st Phase of Robiki Leather City Allocated
Egypt: Production Units at 1st Phase of Robiki Leather City Allocated 5/20/2018 - All production units of the first phase of the leather city in Robiki, Badr City, have been completely allocated, Minister of Trade and Industry Tareq Qabil said.

Over 40 factories have alrea...
Egyptian PM : Offers by 3 Consortiums to Establish Hamrawein Power Plant -- PM
Egyptian PM : Offers by 3 Consortiums to Establish Hamrawein Power Plant -- PM 5/20/2018 - Prime Minister Sherif Ismail reviewed offers by three international consortiums to establish a power generation plant using clean coal technology.

The plant should be built in el Hamrawein d...
Egyptian Tycoon Sawiris Seeks To Control Group Owning Banks in 12 African Countries
5/21/2018 - Beltone Financial, one of Egypt’s largest investment banks affiliated with business tycoon Naguib Sawiris, said that the board of directors had agreed to acquire a controlling stake in the URA Group,...
Assar: Private Sector Key Partner in Giant Projects
5/21/2018 - Minister of State for Military Production Mohamed Said el Assar said there is great cooperation with the private sector which is considered a key partner in implementing several mammoth national proje...
Preparatory Meetings Of Egypt-Russia Ministerial Committee Kick Off In Moscow
5/21/2018 - Preparatory meetings of 11th session of the Egyptian-Russian ministerial committee kicked off in the Russian capital Moscow under Minister of Trade and Industry Tariq Qabil and his Russian counterpar...
HSBC Gives 'Optimistic' Economic Outlook for Egypt
5/22/2018 - HSBC is “fundamentally” optimistic on Egypt’s near-term outlook, the bank's Chief Economist for Central & Eastern Europe, Middle East and Africa Simon Williams said at an HSBC Economist Roadshow event...
Egypt Investment Minister, Ebrd Official Sign Dlrs 200 Mn Deal For Upping Energy Efficiency
Egypt Investment Minister, Ebrd Official Sign Dlrs 200 Mn Deal For Upping Energy Efficiency 5/22/2018 - Investment Minister Sahar Nasr signed a dlrs 200 million deal with Eric Rasmussen, the Director for Natural Resources of the European Bank for Reconstruction and Development, for upping energy efficie...
Egypt Minister of State for Military Production: Private Sector Key Partner in Giant Projects
5/22/2018 - Egypt Minister of State for Military Production Mohamed Said el Assar said there is great cooperation with the private sector which is considered a key partner in implementing several mammoth national...
Tareq Qabil Leads Egypt Delegation to Joint Committee Meetings in Russia
Tareq Qabil Leads Egypt Delegation to Joint Committee Meetings in Russia 5/22/2018 - Leading Egypt's delegation to meetings of a joint economic cooperation committee with Russia, Trade and Industry Minister Tareq Qabil left for Moscow .

The 11th session of the committee is se...
Egypt's Suez Canal Revenues Rise to $479.3 Mln in April
5/22/2018 - Egypt's Suez Canal revenues rose to $479.3 million in April, up from $463 million in March, official statistics showed. The Suez Canal is the fastest shipping route between Europe and Asia and one o...
Minister of Trade and Industry Attends Signing of ‘Egyptian Cotton’ Brand Management Agreement
Minister of Trade and Industry Attends Signing of ‘Egyptian Cotton’ Brand Management Agreement 5/22/2018 - The agreement aims to enhance the competitiveness of 100% Egyptian cotton products on local and international markets.

Minister of Trade and Industry TareK Kabil attended the signing ceremon...

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