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Financials and Investment News in Egypt

Mamish: 70 Vessels Cross Suez Canal In Both Directions
6/7/2018 - Seventy vessels transited the Suez Canal in both directions on Wednesday carrying a total cargo of 4.5 million tons registering a record in the number of ships and size of cargoes crossing the interna...
Qabil: African Development Bank To Pump New Investments in Egypt
Qabil: African Development Bank To Pump New Investments in Egypt 6/7/2018 - Tarek Qabil, the Minister of Trade and Industry in the caretaker government, asserted the key role played by the African Development Bank in supporting measures to facilitate business and enhance the...
Colombian Amb. In Cairo: Egyptian Market Attractive For Making Investments
6/7/2018 - "Al-Akhbar" paper conducted an interview with Colombian Ambassador to Cairo Alfonso Soria Mendoza that can be encapsulated as follows:

Relations between Egypt and Colombia are very distinguis...
Stock Markets Slide Ahead of 'Feisty' G7 Summit
6/8/2018 - World stock markets were mostly lower as investors unwound positions before a Group of Seven summit that could see US President Donald Trump clash with other world leaders over his latest tariff move...
Germany Reiterates Support to Egypt’s Economic Reforms
Germany Reiterates Support to Egypt’s Economic Reforms 6/8/2018 - German Ambassador to Egypt Julius Georg Luy reiterated Berlin’s support to the ambitious economic reforms the Egyptian government has recently put in place.

After his meeting with Investmen...
54 Ships Transit Suez Canal
6/8/2018 - Fifty-four ships transited Suez Canal , with a total cargo of 3.5 million tons.

The south-bound convoy included 29 vessels carrying 1.8 million tons, while the north-bound convoy included 25...
Trade Exchange Between Egypt, Russia Hits Dlrs 1.664 Billion in 2018 Q1
6/8/2018 - Russian trade representative in Cairo Nikolai Aslanov said that trade exchange between Egypt and Russia increased 75 percent during the first quarter of 2018 (from January to March 2018), recording 1....
Arab Monetary Fund Approves Loan to Egyptian Smes
6/8/2018 - The Arab Monetary Fund approved extending a loan to Egypt to support creating a suitable climate for establishing small- and medium-sized enterprises (SMEs).

The decision was taken during th...
Trade Minister Approves Formation of Egyptian-Omani Business Council
Trade Minister Approves Formation of Egyptian-Omani Business Council 6/9/2018 - Trade and Industry Minister Eng. Tareq Qabil formed the businessmen team that will represent Cairo in the Egyptian-Omani business council in the upcoming three years.

The Egyptian side is le...
Military Production Minister, Beni Suef Governor Tackle Joint Projects
6/9/2018 - Minister of State for Military Production Mohamed Saeed El-Assar discussed with Beni Suef Governor Sherif Habib the latest developments in the project of growing medicinal and aromatic herbs in the g...
Mahlab Reveals State's Plan to Develop Sinai at EGP 250 Billion
6/9/2018 - Presidential aide for national and strategic projects Ibrahim Mahlab said that the state has allocated a sum of EGP 250 billion for a plan to develop and reconstruct Sinai through projects in various ...
Egyptian Accreditation Recognition of EGAC Major Step to Boost Egyptian Exports
6/9/2018 - The Egyptian Accreditation Council (EGAC) has successfully passed an evaluation test carried out by the European Accreditation (EA), in a prior step to inking a mutual recognition agreement on accredi...
Egypt's Annual Urban Consumer Price Inflation Decreases to 11.4 Percent in May
6/10/2018 - Egypt’s annual urban consumer price inflation fell to 11.4 percent in May, down from 13.1 percent in April, the official statistics agency CAPMAS said , a bigger fall than the International Monetary F...
Egypt's Central Bank commits to cooperation between African countries
6/11/2018 - Governor of Egypt’s Central Bank (ECB) Tarek Amer conveyed Egypt’s intention to implement serious steps to strengthen cooperation between African countries.

Speaking on behalf of Egypt's gove...
Investment Min. Attends Signing Of Mou Between ILO, NBK-Egypt
6/11/2018 - Director-General of the International Labor Organization (ILO)'s Office in Cairo Peter Van Rooij and Managing Director of the National Bank of Kuwait - Egypt (NBK-Egypt) Yasser Ismail Hassan signed a ...
Egypt's Minister of Electricity Announces the Hikes in Electricity Bills
6/12/2018 - Egypt's Minister of Electricity Mohamed Shaker announced in a press conference new electricity prices for businesses and consumers.

Shaker also presented on the size of the electric power ge...
Bfinance Minister: Egypt Achieves Initial Surplus Of EGP 1.9 Bln For 1st Time In 10 Years
6/13/2018 - Finance Minister Amr el Garhi announced that the general budget achieved an initial surplus for the first time in more than 10 years, amounting to EGP 1.9 billion, compared to a deficit of EGP 47 bill...
Egypt Experience Invest Becomes Official Regional Supporter of the 2018 Fifa World Cup Russia
Egypt Experience Invest Becomes Official Regional Supporter of the 2018 Fifa World Cup Russia 6/13/2018 - Experience & Invest signed a contract with FIFA, Fédération International de Football Association, to become an Official Regional Supporter of the 2018 FIFA World Cup Russia™, to promote the country ...
Egypt to Promote Tourism, Investment at World Cup through FIFA Sponsorship Deal
Egypt to Promote Tourism, Investment at World Cup through FIFA Sponsorship Deal 6/13/2018 - Experience & Invest campaign signed a contract with FIFA in Moscow to become an Official African Regional Supporter of the 2018 FIFA World Cup in Russia.

The sponsorship deal, the value of w...
Guide to Households' Monthly Electric Bill in EGP after New Hikes
6/13/2018 - Egypt's Minister of Electricity Mohamed Shaker announced new prices for household electricity consumption for the 2018/2019 fiscal year, which begins in July.

The increase in the price of ele...

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