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Financials and Investment News in Egypt

Letter of Intent Signed with the UN to Support the Sinai Peninsula Development Program
Letter of Intent Signed with the UN to Support the Sinai Peninsula Development Program 7/18/2018 - Dr. Nasr: “We work on accelerating the implementation of the Sinai development plan according to the President’s directives”.

On the sidelines of the ECOSOC’s HLPF held in New York, the Minis...
IMF Hails Strong Growth in Egypt’s Labor Market
7/18/2018 - With nearly 100 million people and a geographic location that provides excellent access to important foreign markets, Egypt has immense potential, International Monetary Fund (IMF) Mission Chief for E...
Planning Minister Discusses Cooperation on Sidelines of UN Forum
7/18/2018 - Minister of Planning Hala el Saeed held several sessions of talks on the sidelines of her participation in a high-level political forum on sustainable development that is held at the United Nations p...
Transport Minister: Citizens Will Witness Enhanced Rail Service before End of 2019
7/20/2018 - Minister of Transport Hisham Arafat promised that citizens will witness a significant improvement in railway services before the end of 2019.

This came during a surprise inspection tour by t...
Trade Minister Stresses Egypt's Keenness on Achieving African Economic Integration
7/20/2018 - Trade and Industry Minister Amr Nassar asserted Egypt’s keenness on achieving African economic integration, according to a released statement by the Trade Ministry.

The minister said the obje...
All-Out Support for Egypt's Development Projects: World Bank
7/20/2018 - The World Bank (WB) is keen on being a real partner of Egypt through offering full support for the country's development projects that meet the needs of citizens, especially the most needy segments, W...
Egyptian Officials Discuss Sinai Development Projects with World Bank
7/21/2018 - Egypt's Sahar Nasr and Hala El-Saeed -- respective ministers of investment and international cooperation and of planning and administrative reform -- discussed Sinai development projects and ways in w...
Egypt to Partially Cut Natural Gas Subsidies in August
7/21/2018 - The Egyptian cabinet decided on Saturday to partially cut subsidies on natural gas for domestic and commercial usage starting August, raising prices between 33 and 75 percent.

The government ...
Egypt Minister of Trade and Industry Holds Talks with African Counterparts on Sidelines of COMESA
7/21/2018 - The meetings explored means of fostering bilateral cooperation between Egypt and some African countries.

Minister of Trade and Industry Amr Nassar held a series of intensive talks with a num...
Egypt Post Signs Cooperation Protocol with Its Sudanese Counterpart
7/21/2018 - Minister of Communications and Information Technology Amr Talaat witnessed the signing of a protocol of cooperation and partnership between Egypt Post and SudaPost in the field of remittance transfer....
Egypt, Russia Trade Exchange Hit $ 2.7 between January-May 2018
7/21/2018 - Trade exchange between Egypt and Russia hit 2.775 billion dollars during the first five months of 2018, recording an increase of 31.5 percent in comparison with the same period in 2017, the Trade Repr...
US Companies Express Interest in Injecting New Investments and Commend Egypt’s Business Environment
US Companies Express Interest in Injecting New Investments and Commend Egypt’s Business Environment 7/22/2018 - At the conclusion of her visit to the U.S. capital “Washington”, the Minister of Investment and International Cooperation Dr. Sahar Nasr met with several U.S. major companies, in presence of Egypt’s A...
Egypt to Receive $2 Bln from International Finance Corporation
7/22/2018 - The World Bank's International Finance Corporation (IFC) will provide finance for the Egyptian private sector to the amount of $2 billion, Egypt's Ministry of Investment and International Cooperation ...
Egyptian PM Orders Finalizing Under-Construction Projects at Sczone
7/22/2018 - Prime Minister Moustafa Madbouli ordered finalizing under-construction projects at the Suez Canal Economic Zone (SCZone) as soon as possible to achieve investment goals.

During a meeting with...
Egypt Committed to Accelerate Pace of Investments towards Human Development
Egypt Committed to Accelerate Pace of Investments towards Human Development 7/23/2018 - Investment and International Cooperation Minister Sahar Nasr pledged Egypt's commitment to accelerate the pace of investments towards human development.

During her meeting with visiting UNIC...
Egypt's Sisi to Inaugurate 'Largest Wind Farm in World'
Egypt's Sisi to Inaugurate 'Largest Wind Farm in World' 7/23/2018 - Egypt's President Abdel-Fattah El-Sisi will inaugurate a number of new electricity mega projects in the country, including the Gabal El-Zeit wind farm, which is considered the largest in the world, ac...
Joint Solar Venture Formed By Hassan Allam Holding And Lightsource BP
7/24/2018 - Hassan Allam Holding and Lightsource BP form a joint venture to develop and operate utility scale solar projects in Egypt

Hassan Allam Holding (HAH) and Lightsource BP formed a joint venture ...
Egypt: Meeting The Targets Of The UN Sustainable Development Goals
7/28/2018 - Though 2030, the deadline for implementing the UN’s Sustainable Development Goals (SDGs), may seem far off, it is not so far given the tasks in hand.

The SDGs encompass 17 goals and 169 targe...
Egypt's M2 Money Supply Up 18.49 Pct Year-on Year in June: Central Bank
7/31/2018 - Egypt’s M2 money supply grew by 18.49 percent year-on year in June, data from the central bank showed .

M2 grew by 19.31 percent in May.

The money supply at the end of June stood at ...
Egypt, UK Saw $1.3 Billion in Trade Exchange in First Half Of 2018: Minister
7/31/2018 - Egypt's Minister of Industry and Trade Amr Nassar announced that trade between Egypt and the UK reached $1.3 billion in the first half of 2018. Nassar said during a meeting with Sir Jeffrey Donaldso...

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