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Financials and Investment News in Egypt

Electricity Minister Says Egypt Keen on Cooperating with African Countries
7/13/2018 - Such a cooperation would include developing human resources, providing technical aid supplies and building abilities, Shaker said. Shaker's remarks came at the conclusion of the 52nd meeting of the A...
Egypt Investment and International Cooperation Minister Leaves for US to Attend UN ECOSOC
Egypt Investment and International Cooperation Minister Leaves for US to Attend UN ECOSOC 7/14/2018 - Investment and International Cooperation Minister Sahar Nasr is due to leave for the US to take part in the high-level forum of the UN Economic and Social Council (ECOSOC), currently taking place in ...
Egypt and Italy Discuss Boosting Economic Cooperation
7/14/2018 - Head of the Export Development Authority's Executive Office Sherine el Shorbagi had talks with the Italian Trade Promotion Agency (ITA) and Chamber of Commerce on boosting economic cooperation betwee...
Public Business Sector Minister Confers with Amcham Delegation on Furthering Cooperation
7/14/2018 - Minister of Public Business Sector Hisham Tawfiq conferred with a delegation of the American Chamber of Commerce (AmCham) in Egypt on aspects of cooperation between both sides.

The meeting al...
IMF Mission Chief Hails Economic Stability In Egypt
7/15/2018 - Subir Lall, the International Monetary Fund (IMF) Mission Chief for Egypt, said the economic reform measures adopted by the Egyptian government have contributed to achieving economic stability in the ...
Egypt's Investment Minister Sahar Nasr Heads To New York To Partake In UN ECOSOC Forum
7/15/2018 - Egypt’s Investment and International Cooperation Minister Sahar Nasr headed to New York to partake in the United Nation’s organized High-level Political Forum of Economic and Social Council (ECOSOC) ...
Indian-Owned SPP Pumps Injects LE100mn Investments To Egypt By 2022
7/15/2018 - Chairman of SPP Pumps, an Indian-owned pump company, Mohammed Hassan said that the company will be supplying pumps to ministry neighborhoods within the Administrative Capital.

SPP will also s...
Egypt: And 9-Month T-Bill Yields Fall, Ending One-Month Streak
7/15/2018 -  Yields on Egypt’s three and nine-month treasury bills fell at an auction , bucking a trend of rising rates in recent weeks fuelled by what bankers have described as an exit of foreign investors from ...
Egypt's Parliament Approves Law Creating Sovereign Wealth Fund
7/16/2018 - Egypt’s House of Representatives passed a law presented by the government to set up a sovereign wealth fund to manage state companies.

According to the new law, the EGP 200 billion fund is na...
Egypt's Historic Al-Alamein Hotel Reopens after EGP 1.5 Billion Renovation
7/16/2018 - The historic Al-Alamein Hotel has officially reopened after a major facelift by Emaar Hospitality Group that will make it among the finest resorts along the Mediterranean.

The opening event w...
Egypt's Central Bank Receives $400 Mln Loan from Afreximbank to Fund Small Businesses
Egypt's Central Bank Receives $400 Mln Loan from Afreximbank to Fund Small Businesses 7/16/2018 - The Central Bank of Egypt has received a $400 million 12-month loan from the African Export and Import Bank (Afreximbank) to fund small and medium-sized enterprises in the country, Al-Ahram Arabic new...
Egypt's Non-Petroleum Exports Rise to Dlrs 12.75 Billion in 6 Months
7/16/2018 - Trade Minister Amr Nassar said non-petroleum exports upped 14% in the first six months of 2018 to stand at dlrs 12.75 billion against dlrs 11.215 billion in the same period in 2017.

Egyptian ...
Egyptian Minister Calls on Developed World to Reduce Debt Burden on Developing Countries
Egyptian Minister Calls on Developed World to Reduce Debt Burden on Developing Countries 7/17/2018 - Minister of Investment and International Cooperation Sahar Nasr urged developed countries to help alleviate the debt burden for developing nations through the Heavily Indebted Poor Countries Initiati...
Egyptian Prime Minister Reviews Executive Position of Transforming Into a Digital Society Project
7/17/2018 - Prime Minister and Minister of Housing, Utilities and Urban Development Mostafa Madbouli presided over a meeting with senior Armed Forces commanders to review the executive position of transforming in...
UN Lauds Economic Reforms in Egypt
UN Lauds Economic Reforms in Egypt 7/17/2018 - UN Deputy Secretary General Amina Mohammed has praised economic and social reforms in Egypt that helped improve economic performance in the Arab country.

Mohammed, in a meeting with Egypt's ...
Egypt Most Attractive to Investments in Arab World - UAC Chief
7/17/2018 - Secretary General of the Union of Arab Chambers (UAC) Khaled Hanafy underlined that Egypt is the most attractive to investments in the Arab world in view of its political and financial stability as we...
International Monetary Fund Hails CBE's Monetary Policy
International Monetary Fund Hails CBE's Monetary Policy 7/17/2018 - International Monetary Fund (IMF) Mission Chief for Egypt Subir Lall said that the monetary policy adopted by the Central Bank of Egypt (CBE) is good and has helped contain the repercussions of float...
Remittances from Egyptians Abroad Expected to Reach $26 Bln in FY 2017/18: Central Bank
Remittances from Egyptians Abroad Expected to Reach $26 Bln in FY 2017/18: Central Bank 7/17/2018 - Remittances by Egyptians working abroad are expected to reach $26 billion in the current 2017/18 fiscal year, according to a statement from the Central Bank of Egypt issued .

This comes in li...
Egypt's Parliament Passes $11 Billion Sovereign Wealth Fund
7/17/2018 - Egypt is setting up a sovereign wealth fund with a capital of EGP 200 billion ($11 billion), the state news agency said .

Former public enterprise minister Khaled Badawi said in March that Eg...
UN Commends Egypt’s Reform Experience as a Leading Example in Africa
7/17/2018 - Negotiations are underway between Egypt and the UN on implementing future projects worth USD 1.2 billion within the strategic framework till 2022.

On the sidelines of their participation at t...

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