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Financials and Investment News in Egypt

PM Chairs Meeting On Implementation Of 1.5mn-Feddan Project
5/29/2018 - Prime Minister Sherif Ismail chaired a ministerial meeting to follow up implementation of the 1.5mn-feddan project.

It has been decided to allocate an additional 100,000 feddans of the proje...
First Chinese Industrial Zone in New El Alamein City-Egypt
5/30/2018 - Housing Minister Mustafa Madbouly inked, a Memorandum of Understanding (Mow) with the New Urban Communities Authority (NUCA) and CGCOC Group Co., Ltd to establish the first industrial zone in New El A...
Egyptian PM: We Work on Making Electronics Industry One of Main Pillars of Economic Growth
Egyptian PM: We Work on Making Electronics Industry One of Main Pillars of Economic Growth 5/30/2018 - Prime Minister Sherif Ismail said the state's strategy aims at making the electronics industry one of the main pillars of economic growth in Egypt.

This came at his meeting with a delegation...
British Investment Min.: Recent Economic Reforms Made Egypt Investment-Magnet Country
5/30/2018 - British Investment Minister Graham Stuart praised the recent economic reforms carried out by Egypt, asserting that such move made Egypt a country luring investments from various world countries.
British Investment Min.: Recent Economic Reforms Made Egypt Investment-Magnet Country
5/30/2018 - British Investment Minister Graham Stuart praised the recent economic reforms carried out by Egypt, asserting that such move made Egypt a country luring investments from various world countries.
Egypt External Debt Up to $82.9 Billion at End of 2017
Egypt External Debt Up to $82.9 Billion at End of 2017 5/30/2018 - Egypt's external debt recorded $82.9 billion at the end of 2017, up from $80.8 billion in the third quarter of the year, which ended in September 2017, the Central Bank said in a statement .

...
Egypt, UK Discuss Future of Trade and Investment Ties after Brexit
Egypt, UK Discuss Future of Trade and Investment Ties after Brexit 5/30/2018 - Egyptian and British officials have discussed the future growth of trade and investment ties between the two countries in the wake of Brexit, the British embassy said .

According to an embass...
Trade Minister: Egypt Keen on Enhancing Partnership With ILO
5/31/2018 - Trade and Industry Minister Tarek Qabil stressed that Egypt is keen on enhancing partnership ties with the International Labor Organization (ILO) to implement the comprehensive economic reform program...
Egypt Keen on Enhancing Economic Partnership with African Countries to Achieve Development
Egypt Keen on Enhancing Economic Partnership with African Countries to Achieve Development 6/1/2018 - Trade and Industry Minister Tarek Qabil asserted that Egypt is exerting great efforts to enhance its economic partnership with all African countries in order to reach overall and sustainable developm...
Finance Ministry Auctions EGP 16.2 Bln T-Bills
6/1/2018 - The Ministry of Finance auctioned treasury bills at a total value of EGP 16.25 billion.

In an online statement, the ministry said it sold EGP 7.75 billion of 182-day T-bills with average inte...
Military Production Ministry Open for Cooperation with Int'l Companies
6/1/2018 - State Minister for Military Production Mohamed Saeed el Assar said that his ministry is open for cooperation with international companies to transfer and localize technology in the various domains.
Egypt State Telecoms Firm to Provide Mobile Services Abroad
6/1/2018 - State landline monopoly Telecom Egypt will provide mobile phone services in a foreign country by the end of 2018, Communications Minister Yasser El Kady told reporters .

El Kady did not say w...
African Export, Import Bank Begins Preparations for Egypt Intra-African Trade Fair in December
6/1/2018 - African Export and Import Bank (Afreximbank) has held a conference to announce the launch of the first phase of preparations for the first-ever Intra-African Trade Fair, to be held from 11 to 17 Decem...
Russia Lifts Import Ban on Egyptian Potatoes from Eight Egyptian Areas
6/1/2018 - The Agriculture and Land Reclamation Ministry said that Russia has approved to lift an import ban on Egyptian potatoes from eight zones. In a statement, the Agriculture and Land Reclamation Minister ...
Egypt Raises Piped Drinking Water Charges by Up to 46.5 Pct
Egypt Raises Piped Drinking Water Charges by Up to 46.5 Pct 6/2/2018 - Egyptian President Abdel Fattah al-Sisi approved measures to increase bills for piped drinking water by up to 46.5 percent, the official gazette said on Saturday, the second rise in less than year.
Russia Agrees to Partially Lift Ban on Egyptian Potatoes
6/2/2018 - Russia has agreed to lift a ban on Egyptian potato exports from eight agricultural areas in the country, giving a green light for the resumption of the trade starting 6 June.

In an official s...
Lifting Tariffs on EU Cars Imported to Egypt Not Likely to Lower Prices
6/2/2018 - The final phase of the EU-Egypt Association Agreement that promises the total exemption of customs on European cars within six months had led to high hopes that Egyptian consumers could buy European c...
Egypt, UAE Discuss Labor Situation, Electronic Connectivity
6/2/2018 - Minister of Manpower Mohamed Saffan tackled with UAE Minister of Human Resources and Emiratisation Nasser bin Thani Al Hamli the situation of Egyptians working in the UAE and friendly ways aiming at ...
Egypt, Saudi Arabia Discuss E-Linking Between Labor Ministries
6/2/2018 - Minister of Manpower Mohamed Saffan met with his Saudi counterpart Ali bin Nasser Afis on the sidelines of the 107th session of the International Labor Conference held in Geneva, which will be conclud...
Egypt: Investment Ministry's Falak Startups Launches Opening Of 15 Emerging Firms
6/2/2018 - "Falak" start-up accelerator, in cooperation with EFG Hermes, launched the official opening of about 15 companies in 13 governorates. The opening ceremony was attended by Investment and International...

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