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Financials and Investment News in Egypt

Egypt Agriculture Minister. Inspects Livestock Production Projects in Qalyubia
6/23/2018 - Agriculture and Land Reclamation Minister Ezz el Din Abu Steit will inspect a number of plant, livestock and fish production projects in Qalyubia governorate, said Qalyubia Governor Mahmoud Ashmawy i...
Remittances From Egypt Expats Up 24.1% Year-On-Year In First 8 Months Of FY 2017/18
6/24/2018 - Egypt's Ministry of Finance announced that remittances from Egyptian expatriates sent in the first eight months of the fiscal year 2017/2018 had increased by $3.4 billion, or 24.1 percent, year-on-yea...
Egypt's Total Public Debt Reached EGP 3.4 Trillion By End Of 2017: Central Bank
6/25/2018 - Egypt’s total public debt reached EGP 3.4 trillion (approximately $190 billion), representing 83.8% of GDP by the end of December 2017, the Central Bank of Egypt announced .

The rise in the c...
Egypt Repaid $30 Bln in Due Bonds, Foreign Debt During 2017: Ministry Of Finance
6/25/2018 - Egypt repaid a total of US$ 30 billion during the 2017 , distributed across due bonds and foreign debt to international banks, the country’s finance ministry announced .

Egypt met and repaid ...
First Egyptian-Made Tablet to be Released on Wednesday
6/26/2018 - An Egyptian electronics manufacturer is set to launch the country’s first locally manufactured tablet , the chairman of Egyptian Silicons Industries Company (SICO) Mohamed Salem said .

Saleh ...
French Investments in Egypt Exceed 4 Billion Euros: Investment Minister
French Investments in Egypt Exceed 4 Billion Euros: Investment Minister 6/26/2018 - France is one of the biggest foreign investors in Egypt, with investments worth over 4 billion euros, Al-Ahram Arabic website reported Egypt’s investment minister as saying .

There are more t...
Mamish: Kuwaiti Company to Establish Logistics Center in Sczone
6/26/2018 - A cooperation protocol was signed between the Suez Canal Economic Zone (SCZone) and the Kuwaiti Agility Logistics to establish a $100 million logistics center in East Port Said.

During the s...
Sisi Orders Continuing Plans to Establish Integrated Industrial Cities
Sisi Orders Continuing Plans to Establish Integrated Industrial Cities 6/27/2018 - President Abdel Fattah El Sisi has stressed the importance of continuing efforts to develop the sector of Industry as one of the main pillars of national economy together with focusing on developing i...
Sisi Directs Govt to Count Assets of Public Business Sector Companies
Sisi Directs Govt to Count Assets of Public Business Sector Companies 6/27/2018 - President Abdel Fattah El Sisi directed the government to precisely count the assets of the public business sector's companies to optimize the sector's contribution to the national economy.

...
Suez Canal Revenue to Double by 2023
6/27/2018 - Suez Canal has registered the highest revenues in its history with an increase by more than 13 percent, recording $600 million in 2018, Chairman of the Suez Canal Authority Mohab Mamish said during a ...
Agriculture Minister Opens ACSAD General Assembly Meetings
6/27/2018 - Agriculture Minister Ezz el Din Abu Steet opened the 34th session of the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) general assembly.

Abu Steet is attending the meetings...
Egypt Local Wheat Harvest Ends with Sharply Lower Figure
6/27/2018 - Egypt announced the end of its wheat harvest on Wednesday with a total of 3.15 million tonnes of the grain procured from local farmers, Supply Minister Ali Moselhy said in a statement, one of the lowe...
Exports to Russia Up 41 Pct in Jan-Apr
6/27/2018 - Minister of Trade and Industry Amr Nassar announced a significant 41% year-on-year increase in exports to Russia during the first four months of 2018, hitting $284 million.

“The recent expor...
Egypt Current Account Deficit Narrows as Tourism Rises
Egypt Current Account Deficit Narrows as Tourism Rises 6/28/2018 - Egypt’s current account deficit for the third quarter of the 2017-18 fiscal year narrowed to $1.93 billion from $3.1 billion a year earlier as tourism revenues improved, data from the central bank and...
WB Allocates Dlrs 530 Million For Improving Egyptian Public Health System
6/28/2018 - The World Bank announced a new 530-million-dollar project to support Egypt’s national goal of improving public healthcare, including expanding family planning services, scaling up its groundbreaking ...
Japan Boosting Egypt's Development Efforts
6/28/2018 - Teruyuki Ito, chief representative of the Japan International Cooperation Agency in Egypt, speaks with Ahmed Kotb about Japanese support for Egypt’s development efforts.

Japan International ...
Finance Min.: Biggest Budget in Egypt's History to Be Implemented
7/1/2018 - Finance Minister Mohamed Ma'it said Egypt is starting to put into the effect the biggest budget in its history for the upcoming 2018/2019 fiscal year. Egypt’s fiscal year starts on July 1 and lasts ...
Establishing Largest Petrochemical Complex in Middle East
7/1/2018 - Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of a contract to establish the largest petrochemical complex in the Middle East, worth $11 billion.

Chairman ...
IMF Approves 4th Tranche of Egypt’s $12 Billion Loan
7/1/2018 - Egypt received the approval of the International Monetary Fund (IMF) for its fourth tranche of its $12 billion loan.

The IMF approved the $2 billion loan after reviewing Egypt’s economic refo...
IFC, Financial Regulatory Authority Begin Consultation on Green Bonds Guidelines in Egypt
7/1/2018 - IFC, a member of the World Bank Group, and the Financial Regulatory Authority of Egypt launched a consultation process for guidelines to foster the development of the country’s green bond market and ...

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