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Financials and Investment News in Egypt

Egypt Minister of Trade and Industry Developing leather industry, boosting exports top priority
7/7/2018 - Minister of Trade and Industry Amr Nassar said that developing the leather products and increasing its exports are considered a top priority for the government in the coming period.

The leat...
How to Save Fuel in Egypt amid Price Hike
7/7/2018 - Needless to say, the increase in fuel prices and the fact that it will continue to go up every year has had a heavyweight effect on the monthly budgets of many Egyptians.

Focussing on the aut...
Egypt's Investment, Finance Ministries Discuss Eliminating Obstacles For Investors
7/8/2018 - A joint committee between Egypt’s Ministries of Investment and Finance held its first meeting to discuss speeding up procedures related to boosting the country's investment climate.

In an of...
Sisi Directs Officials to Activate Market Control
Sisi Directs Officials to Activate Market Control 7/9/2018 - President Abdel Fattah El Sisi directed officials to boost the measures of domestic trade and tighten market controls.
Sisi’s remarks came during his meeting with Prime Minister Mustafa Madbou...
Egypt Military Production, Electricity Minister Discuss Cooperation with China
7/9/2018 - State Minister for Military Production Mohamed Saaed el Assar and Electricity Minister Mohamed Shaker had a meeting with a delegation of the State Grid Corporation of China (SGCC) to discuss bilater...
Egypt Has Vast Potentials in Engineering Industry Field
7/9/2018 - Minister of Trade and Industry Amr Nassar said Egypt has vast potentials in the engineering industries field that qualify it for competition at the local and foreign markets.

The minister's r...
Careem Planning to Spend $150 Million to Launch Food Delivery Business
7/9/2018 - Middle East ride-hailing app Careem is planning to spend up to $150 million to launch its food delivery business as early as September, according to two sources with direct knowledge of the matter.
Egypt, China Discuss Bilateral Relations, Hoping to Inject Higher Investments
7/9/2018 - The Minister of Trade and Industry Amr Nassar held a meeting with the Ambassador of China to Egypt Song Aiguo to discuss reinforcing bilateral Egyptian-Chinese relations, particularly within commerci...
Sisi Issues Decrees For Approving Budgets Of A Number Of Authorities For FY 2018-2019
7/10/2018 - President Abdel Fattah El Sisi issued numerous decrees for approving the budgets of a number of authorities for the fiscal year 2018-2019.

The budgets include Alexandria port general authorit...
PM, WB Representatives Mull Development Strategy on Sinai
7/10/2018 - Prime Minister Mostafa Madbouli said Sinai development tops the State's agenda in implementation of President Abdel Fattah El Sisi's directives on developing Sinai given that eliminating terrorism wou...
PM, WB Representatives Mull Development Strategy on Sinai
7/10/2018 - Prime Minister Mostafa Madbouli said Sinai development tops the State's agenda in implementation of President Abdel Fattah El Sisi's directives on developing Sinai given that eliminating terrorism wou...
Egypt in Talks with World Bank for Additional $500 Mln Fund For Social Housing Projects
7/10/2018 - Egypt discussed with the World Bank a $500 million fund for the country’s social housing projects targeting low-income households, the Ministry of Investment and International Cooperation announced.
Trade Minister, WB Discuss Developing Industrial Zones in Upper Egypt
7/11/2018 - Trade and Industry Minister Amr Nassar discussed with a delegation of the World Bank the projects carried out by the bank in Egypt and developing industrial zones in Upper Egypt.

Talks tackle...
Investment Min. Highlights Importance of WB's Support to Housing Sector in Egypt
Investment Min. Highlights Importance of WB's Support to Housing Sector in Egypt 7/11/2018 - Investment and International Cooperation Minister Sahar Nasr underlined the importance of the World Bank's support to the Egyptian housing sector especially the social housing which is given a priorit...
Egypt, China Discuss Bilateral Relations, Hoping To Inject Higher Investments
7/12/2018 - Despite an increase in the land planted with wheat this year, the crop delivered by farmers to the government has been less than last season.

According to figures from the Ministry of Agricul...
Cooperation Protocol To Manufacture CNC Lathe Machines Signed
7/12/2018 - State Minister for Military Production Mohamed Saaed el Assar and Higher Education Minister Khaled Abdel Ghaffar attended the signing ceremony of a cooperation protocol to manufacture CNC or "computer...
Egyptian Banking System Enjoys Liquidity, Good Profitability
7/13/2018 - The International Monetary Fund (IMF) praised the monetary policy adopted by the Central Bank of Egypt (CBE) as part of an economic reform program aimed at achieving stable inflation rates, setting ap...
Egypt's Successful Experiment in Mega Projects Example to Follow in Arab Region
7/13/2018 - Aide to the president for national and strategic projects Ibrahim Mahlab has said that the mega development projects the Egyptian state has carried out in the past few years constituted a successful e...
CAPMAS: Public Sector Projects in 2016/2017 Hit EGP 27 Billion
7/13/2018 - Companies of the public sector and public business sector had implemented construction projects in various areas in 2016/2017, at a total value of EGP 27.1 billion, compared to EGP 23.9 billion in 201...
IMF Continues to Praise Egypt’s Economic Reforms in Its Third Review
7/13/2018 - The International Monetary Fund (IMF) praised Egypt’s economic reforms during its third review of the country’s loan program .

In a report, the IMF congratulated Egypt for reducing its overal...

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