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Financials and Investment News in Egypt

Egypt, Portugal Confer On Cooperation In Manufacturing Tablets, Pcs
5/23/2018 - State Minister of Military Production Mohamed el Assar conferred with Portuguese Ambassador to Egypt Madalena Fischer and the Chief Executive Officer (CEO) of the Portuguese company of JP Sá Couto on ...
Egypt-Saudi Electricity Power Link Project To Start In 2021
5/23/2018 - Egypt’s Ministry of Electricity announced that it will sign contracts for the electricity interconnection network with Saudi Arabia by the end of next June, with the project set to start in 2021.
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Egypt, Spain Ink EGP 3.2 Mln Grant Agreement to Support Center for Judicial Studies
Egypt, Spain Ink EGP 3.2 Mln Grant Agreement to Support Center for Judicial Studies 5/23/2018 - Egypt and Spain signed grant agreement provided by the Spanish Agency for International Development Cooperation (AECID) to support the first phase of the center for judicial studies.

Investm...
Egypt, Russia Sign Agreement for Russia’s Suez Canal Industrial Zone
Egypt, Russia Sign Agreement for Russia’s Suez Canal Industrial Zone 5/23/2018 - Egypt’s Minister of Trade and Industry Tarek Kabil and his Russian counterpart Denis Manturov signed in Moscow an agreement to establish a Russian industrial zone in the Suez Canal Economic Zone.
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The Institute for International Finance: Emerging Market Resilience Tested As Global Rates Rise
5/23/2018 - The Institute for International Finance said it is worried about the resiliency of emerging markets given how vulnerable the asset class has been to a “moderate rise” in global funding costs.

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Egypt Tourism Revenues Jump 83 Percent to $2.2 Billion in First Quarter
5/23/2018 - Egypt's tourism revenues jumped 83.3 percent in the first quarter of 2018 to $2.2 billion, a government official .

The number of tourists who visited Egypt in that time jumped 37.1 percent to...
Kabil Meets EAEU Trade Minister in Moscow
Kabil Meets EAEU Trade Minister in Moscow 5/23/2018 - The agreement will make Egypt a hub for Eurasian countries to access Arab and African markets, as well as the EU and MERCOSUR.

On the sidelines of the Joint Egyptian-Russian Committee meeti...
Egypt, Russia Agree to Remove Hurdles To Trade, Investment
Egypt, Russia Agree to Remove Hurdles To Trade, Investment 5/24/2018 - Egypt and Russia agreed to iron out all hurdles to facilitate trade exchange and investments, especially in the domains of energy, education, agriculture, communications and information technology, he...
Egypt, Russia Sign Mou to Develop Infrastructure of Grains, Dairy Industry
5/24/2018 - Egypt and Russia signed a memo of understanding to develop the infrastructure of grains, bakeries and the dairy industry, according to a statement by the Trade and Industry Ministry .

The mem...
Social Solidarity Minister: World Bank Expresses Content with “Takafol W Karama” Accomplishments
5/26/2018 - A delegation from the World Bank met with Minister of Social Solidarity Ghada Wali on Friday to review the accomplishments of the monetary aid program “Takafol w Karama” over the past three years, acc...
Egypt's Exports to Britain Hit 202 Million Sterling
5/26/2018 - Egyptian exports to Britain hit 202 million sterling in the first quarter of 2018, 28.3 percent up compared to the corresponding period of 2017, according to the Egyptian-British Chamber of Commerce (...
Finance Ministry Auctions T-Bills worth EGP 15.5bn
5/26/2018 - The Finance Ministry auctioned treasury bills at a total value of EGP 15.5 billion.

In an online statement, the ministry said it auctioned 182-day T-bills worth EGP 7.5 billion with an avera...
Russia's Industrial Zone in Egypt Great Opportunity For Russian Companies
Russia's Industrial Zone in Egypt Great Opportunity For Russian Companies 5/26/2018 - The Russian industrial zone in Egypt represents a great opportunity for the Russian companies seeking global markets for their products, Trade Minister Tarek Qabil said .

Qabil made the rema...
The Egyptian Exchange Gains EGP 200 Million Over Past Week
The Egyptian Exchange  Gains EGP 200 Million Over Past Week 5/26/2018 - The Egyptian Exchange (EGX) indexes gained a total of EGP 200 million over the past week.

In a weekly report, a copy of which was obtained by MENA on Friday, the EGX said the market capital i...
Transport Minister, EIB Delegation Probe Cooperation in Transport
5/26/2018 - Transport Minister Hisham Arafat discussed with a European Investment Bank (EIB) delegation cooperation in the various fields of transport.

The Transport Ministry prioritizes Metro and devel...
Public Business Sector Minister Reviews Restructuring Plan of Cotton & Textile Holding Company
5/26/2018 - Minister of Public Business Sector Khalid Badawi reviewed with the board of the Cotton & Textile Industries Holding Company a restructuring blueprint for the corporation’s subsidiaries.

Badaw...
Sisi Calls For Developing Suez Canal Authority Capabilities
5/27/2018 - President Abdel Fattah El Sisi met with Chairman of the Suez Canal Economic Zone Mohab Mamish.
President Sisi issued directives to persist with the efforts exerted by the Suez Canal Authori...
President El-Sisi Meets with PM and Minister of Investment and International Cooperaiton
President El-Sisi Meets with PM and Minister of Investment and International Cooperaiton 5/28/2018 - According to Presidential Spokesman Ambassador Bassam Rady, the Minister of Investment and International Cooperation Dr. Sahar Nasr gave an overview of the MIIC's efforts during the previous period to...
Zurich Too Pricey? Then Try LA For Affordability
5/29/2018 - The Swiss financial hub of Zurich remains the world’s most expensive major city and Egypt’s capital Cairo the cheapest, the annual rankings of 77 metropolitan areas by Swiss bank UBS found .

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Zurich Too Pricey? Then Try LA For Affordability
5/29/2018 - The Swiss financial hub of Zurich remains the world’s most expensive major city and Egypt’s capital Cairo the cheapest, the annual rankings of 77 metropolitan areas by Swiss bank UBS found .

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