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Financials and Investment News in Egypt

Customs Exchange Rate to Remain Unchanged At EGP 16 in Sept
8/29/2018 - Finance Minister Mohamed Mait has decided to keep the exchange rate of the US dollar for customs unchanged at EGP 16 until the end of September.

The rate of the customs dollar hovers around 9...
EGP 217 Billion Pumped Into Agricultural Sector under Sustainable Development Plan
8/31/2018 - Planning Minister Hala el Saaed said EGP 217 billion investments were channeled into the agricultural sector under the 2018/19-2021/22 sustainable development plan.

In a statement , the minis...
Egypt's Bourse Gains 8.2 Billion Pounds in August
Egypt's Bourse Gains 8.2 Billion Pounds in August 8/31/2018 - The Egyptian Exchange (EGX) gained 8.2 billion pounds in August, as the market capital went up 0.9 percent to 881.7 billion pounds compared to 873.5 billion pounds in the previous month.

The ...
Egypt Prime Minister Discusses Status of 1.5 Million Feddan Land Reclamation Project
8/31/2018 - Prime Minister Mostafa Madbouli chaired a meeting to follow up the current status of the 1.5 million feddan land reclamation project in the presence of the ministers of electricity, transport, agricul...
Partnership Agreement Signed With IFC to Support Emerging Companies, Strengthen in Africa
Partnership Agreement Signed With IFC to Support Emerging Companies, Strengthen  in Africa 9/1/2018 - Egypt and the International Finance Corporation (IFC) signed a partnership agreement to support entrepreneurs and emerging companies in Africa, enhance innovation, and boost economic growth. The agree...
Egypt's Public-Sector Revamp
9/1/2018 - Minister of Public Enterprise Hisham Tawfik recently announced that the ministry would begin plans to restructure the public sector in September with a view to improving companies’ performance and pay...
Egypt's Best Investments
9/1/2018 - With the rising economic pressures and increased inflation, the resources available to many households to invest or save have become extremely limited. Finding the best means to invest such limited ex...
Egypt: 28 Initiatives Developed Within Strategic Planning Conference
9/1/2018 - Finance Minister Mohamed Maiet said that 28 initiatives have been developed during the two-day strategic planning conference that tackled strategic policies for the public finance.

Speaking a...
Sisi, Xi Jinping Witnesses Signing of Five Cooperation Deals
Sisi, Xi Jinping Witnesses Signing of Five Cooperation Deals 9/1/2018 - President Abdel Fattah El Sisi and his Chinese counterpart Xi Jinping witnessed the signing of five cooperation deals in various fields as part of the Egyptian leader’s visit to Beijing.

The ...
PM Presses For Quickly Implementing Plan To Develop Public Business Firms
9/2/2018 - Prime Minister Moustafa Madbouli has stressed the need to quickly implement a plan to upgrade corporations affiliated with the public business sector.

The plan aims to better run those corpor...
Egypt’s Economic Credit Rating Best Since 2011: Minister
9/2/2018 - Minister of Planning, Monitoring and Administrative Reform Hala al-Said announced that Moody’s credit outlook rating for the Egyptian economy has changed from stable to positive, ranked as ‘B3’.
...
Sisi Attends Signing of Deals worth $18.3 Billion with Chinese Firms
9/3/2018 - Egypt and China signed deals worth 18.3 billion dollars to carry out different Chinese development projects in the North African country.

President Abdel Fattah El Sisi witnessed the signing...
Egypt, China Sign 3 Contracts at $1 Bn Investment
9/3/2018 - On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed with large Chinese companies for investments around US $1 billion, to be established at the TEDA Indus...
Egypt Finance Minister: We Target 6% -Growth Rate
9/4/2018 - Minister of Finance Mohamed Maait said that his ministry is working for achieving a six percent economic growth rate this year.

Addressing a Euromoney session, he added that the national eco...
Egypt Seeking To Become Hub of Chinese Investments in Region
9/4/2018 - The Egyptian government is working to turn Egypt into a regional hub of Chinese investments, Amr Nassar says.

The Trade and Industry Minister, in statements to MENA said the exchange of visi...
Gov't Investments in S. Sinai Hit EGP 1.363 Bn in FY 2018
9/4/2018 - Planning Minister: Sisi's visit to Uzbekistan helps push up bilateral relations. She had talks with South Sinai Governor Khaled Fouda on investment plans and projects due to be implemented in the gove...
Sisi: Suez Canal Economic zone serves as Logistics, Economic Hub
Sisi: Suez Canal Economic zone serves as Logistics, Economic Hub 9/4/2018 - President Abdel Fattah El Sisi has said that the Suez Canal Economic Zone (SCZone) serves as a logistics and economic hub that effectively contributes to upgrading the international navigation movemen...
Sisi, Uzbek Counterpart Discuss Economic Reform
9/5/2018 - Egyptian President Abdel Fattah El Sisi discussed with his Uzbek counterpart Shavkat Mirziyoyev the economic reform experiences in the two countries and the major national projects implemented by Egyp...
Egypt's Foreign Reserves Rose By $104 Million in August
9/5/2018 - The country's net foreign reserves increase to $44.419 billion at the end of August comapred with $44.315 billion in July 2018, Egypt's central bank said .
<,br> Egypt's foreign reserves have been...
Uzbekistan, Egypt Signed 12 Documents on Cooperation
9/5/2018 - The parties agreed on cooperation in the fields of tourism, investment, taxes, justice, agriculture, cultural heritage and sport, foreign affairs and youth issues.

Following the talks at Kuks...

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