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Financials and Investment News in Egypt

New Council to Improve Local Industrialization
7/22/2012 - Industry and Foreign Trade Minister Mahmoud Eissa has issued a decree to form a council for developing local industries. The new council will target raising national awareness of the importance of loc...
Yusef: Two Holding Companies for Investment in Mining
7/22/2012 - Chairman of Mineral Resources Authority Fekry Yusef said that two new holding companies will be established to increase the value of mining materials. The first company will focus on investing in mini...
Egypt Granted EGP150 Million from EU
7/23/2012 - The European Union is granting Egypt 20 million euros (EGP150 million) to improve living conditions and services in slums. Minister of Planning and International Cooperation Fazya Abul-Naga signed the...
Morsi Reviews with Qandeel Development of Irrigation System
7/23/2012 - President Mohamed Morsi met at the presidential palace on 22/7/2012 with Water Resources and Irrigation Minister Hisham Qandeel to review future irrigation projects nationwide. Talks covered the role ...
Committee on Toskha & East Al-Oynat Development
7/23/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting on the committee concerned with implementation of Toshka and East Al-Oynat development projects, in the presence of Ministers of Electricity, Water ...
Committee on Toskha & East Al-Oynat Development
7/23/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting on the committee concerned with implementation of Toshka and East Al-Oynat development projects, in the presence of Ministers of Electricity, Water ...
Ganzouri Holds Meeting on Development Projects
7/24/2012 - Prime Minister Kamal el-Ganzouri held a ministerial meeting on 23/2/2012 to follow up the developments of Toshka and Sharq Al-Owainat projects located in the New Valley governorate. The meeting was at...
Egypt Allocates LE 282 Million to Reclaim 23,000 Acres
7/24/2012 - Prime Minister Kamal Ganzouri has approved to ear mark LE 282 million for the land reclamation sector affiliated to Ministry of Agriculture to start reclaiming the planned areas within the national pr...
Bilateral Foreign Trade between Egypt and Brazil in 2011
7/24/2012 - Bilateral foreign trade volume between Egypt and Brazil in 2011 has exceeded $ 2.96 billion marking 38.9% increase above its level in 2010. This was revealed by the Arab Brazilian Chamber of Commerce ...
ESE Loses LE 1.9 bn
7/25/2012 - The Egyptian Stock Exchange ( ESE) lost LE 1.9 billion at the close of trading on 24/7/2012. The main benchmark EGX 30 index was down by one percent to 4819.33 points.
SODIC Gets More Time to Develop Land West of Cairo
7/25/2012 - Egypt's government has given property developer SODIC an extra two years to complete two phases of an upscale residential development west of Cairo after it asked for more time, the company said. "The...
Consumer Confidence Drops 0.7 % in June
7/25/2012 - Consumer confidence decreased by about 7 percent during June, said a monthly report by the Information and Decision Support Center. In its monthly report on consumer confidence for June, the cabinet-a...
€20 mn from Germany for Aswan Power Stations
7/26/2012 - Planning and International Cooperation Minister Fayza Abul-Naga signed a financial cooperation agreement with the German ambassador in Cairo Michael Bock for receiving six million euro easy term loan ...
Egypt Central Bank Keeps Lending, Deposit Rates Unchanged
7/26/2012 - The Central Bank of Egypt (CBE)'s monetary policy committee, at its scheduled meeting, has decided to leave its key lending rate and deposit rate unchanged at 10.25 per cent and 9.25 per cent, respect...
Egypt's Shares Edge up, Though Investors Fear Islamic Government
7/26/2012 - Egypt's stocks closed up in trading Thursday, ending the week in the green pushed by specific shares while the bourse remained clouded due to speculation on the form of the new government. The main in...
Egyptian Exchange Gains EGP 400 Million
7/27/2012 - The Egyptian Exchange gained EGP 400 million during trading, pushed by intensive purchases of leading shares by Egyptian investors. The benchmark EGX 30 index was up 0.16 percent to 4753.12 points. Th...
Egypt's Electricity Ministry Ducks Blame for Power Cuts
7/28/2012 - Egypt has been suffering an increasing number of power cuts in recent weeks, which have sparked protests in various governorates across the country. Power cuts in Cairo and other major cities can last...
Osama Saleh: Increase the Rate of Establishment Companies
7/28/2012 - Osama Saleh, Chairman of the General Authority for Investment and Free Zones, announce the increase of the rate of establishment of companies this year 19.5% to the last year, an increase in the tota...
CBE to Stabilize Interest Rate on Deposits and Loans
7/28/2012 - For the fifth consecutive time, the Central Bank of Egypt (CBE) decided to stabilize the interest rate for one night on deposits and loans at 9.25 percent and 10.25 percent, respectively. The decision...
USD 8 Million to Finance Activities of Young Researchers
7/28/2012 - The Egyptian-US Fund has allocated USD 8 million in grants for joint research and finance activities of exchange for young researchers. Moreover, an amount of nearly USD 2 million of this funding has ...

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