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Financials and Investment News in Egypt

Annual Meetings of African Caucus for WB, IMF Kicked Off
8/5/2018 - Annual meetings of the African Caucus for the World Bank (WB) and the International Monetary Fund (IMF) kicked off in the Red Sea resort of Sharm El Sheikh under the patronage of Prime Minister Moust...
Sisi Laid Down Ambitious Vision for Placing Egyptian Economy on Right Track
Sisi Laid Down Ambitious Vision for Placing Egyptian Economy on Right Track 8/5/2018 - Investment and International Cooperation Minister Sahar Nasr said President Abdel Fattah El Sisi has laid down an ambitious vision for a comprehensive socio-economic reform program to build a powerful...
Meeting of African Governors Caucus Opens in Egypt’s Sharm El-Sheikh
8/5/2018 - The 2018 annual meeting of the African Governors Caucus kicked off in Sharm El-Sheikh under the auspices of Prime Minister Mostafa Madbouly and attended by senior representatives of the International...
Egyptian Real Estate Tax Deadline on 15 August
8/5/2018 - The deadline for Egyptian property owners to pay an annual real estate tax expires in 10 days, after which fines will be levied, announced the finance ministry .

The ministry denied social me...
Egypt's IPF to Reduce Fees Paid by Investors by 50 Pct
8/5/2018 - An agreement has been reached with the Investor Protection Fund (IPF) to reduce by 50 percent fees paid by investors, the chairman of the Financial Regulatory Authority (FRA) has said.

Addres...
IFC to Support Egyptian Private Sector with $2bn Until 2019
8/6/2018 - Sergio Pimenta, Vice President of the International Finance Corporation for the Middle East and Africa, has voiced confidence in the Egyptian economy and Cairo's economic and social program.

...
On The Third Anniversary of the Inauguration of the New Suez Canal Has Been Necessity
8/6/2018 -  Reported that SCA head Mohab Mamish affirmed that the new suez canal has been an inevitable project and it has proved that Egyptians are capable of coming back to power.

He stated that the ...
PM: Govt Keen on Building Egyptian Citizen
8/6/2018 - Prime Minister Moustafa Madbouli said that the government is keen on building the Egyptian citizen and fostering their capabilities and skills to meet the local market's needs of manpower in the IT se...
Sisi Holds Meeting to Follow Up Work Progress on 3rd Line of Metro
Sisi Holds Meeting to Follow Up Work Progress on 3rd Line of Metro 8/6/2018 - President Abdel Fattah El Sisi held a meeting to follow up the work progress in implementing the fourth stage of the third line of the Underground Metro. The meeting was attended by Prime Minister ...
Egypt's Foreign Debt Reached $88.2 Billion by End of March
Egypt's Foreign Debt Reached $88.2 Billion by End of March 8/6/2018 - The Central Bank of Egypt (CBE) said in a statement that the country's foreign debt has reached $88.2 billion at the end of March 2018, a $9.1 billion or an 11.6% increase since the end of June 2017....
CBE: Deposits In Banks Rise To LE 3.525 Trillion By End Of April
8/7/2018 - The total deposits in banking system, excluding the CBE, increased by LE 41 billion to hit LE 3.525 trillion by the end of April, up from 3.484 trillion in March, the Central Bank of Egypt (CBE) said ...
Euromoney hosts Sahar Nasr as main speaker in 23rd conference
8/7/2018 - The Euromoney Egypt Conference chose Minister of Investment and International Cooperation Sahar Nasr as a main speaker during its activities, slated for the period September 4-5,2018.

Held u...
Annual Meetings Of WB, IMF African Caucuses At Sharm El-Sheikh Conclude
8/7/2018 - The annual meetings of the African caucuses for the World Bank (WB) and the International Monetary Fund (IMF) concluded at the Red Sea resort city of Sharm el-Sheikh.

The event kicked off A...
Shoukry Meets Heads Of Several US Companies
8/8/2018 - Foreign Minister Sameh Shoukry met with heads of several US companies investing or willing to invest in Egypt, topped by ExxonMobil, Honeywell and Cargill.

During a business lunch organized ...
PM: Egypt Keen On Contributing To Development Process Of Africa
8/8/2018 - Prime Minister Moustafa Madbouli asserted on Wednesday 8/8/2018 Egypt's keenness on strongly contributing to the development process of the African continent.

Addressing the annual meetings o...
CBE Chief: Egyptian Economy Improved After Applying Reform
8/8/2018 - Economic conditions in Egypt have very much improved over the past three years after applying the comprehensive economic reforms, said Governor of the Central Bank of Egypt (CBE) Tarek Amer .

...
PM Opens Annual Meetings Of AACB in Sharm El Sheikh
8/8/2018 - Prime Minister Moustafa Madbouli opened the annual meetings of the Association of African Central Banks (AACB) in the Red Sea resort of Sharm el Sheikh .

The 41st meetings, hosted by Egypt fo...
Egypt's Core Inflation Falls to 8.54 Pct in July
Egypt's Core Inflation Falls to 8.54 Pct in July 8/9/2018 - Egypt's core inflation rate fell to 8.54 percent year-on-year in July from 10.9 percent in June, the central bank said .

The official statistics agency CAPMAS also said that Egypt's urban co...
Chinese Company to Establish Iron, Steel Factory with Annual Production Capacity of 2 Million Tons
8/9/2018 - Investment and International Cooperation Minister Sahar Nasr said that Egypt welcomes Chinese investments, mainly in light of the marked economic and legislative reforms it has achieved upon directive...
Egypt's Annual Urban Consumer Price Inflation Falls to 13.5 Pct in July
8/9/2018 - Egypt's urban consumer price inflation fell to an annual 13.5 percent in July from 14.4 percent in June, the official statistics agency CAPMAS said .

Prices had soared after the import-depend...

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