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Financials and Investment News in Egypt

Egypt Sells Five-Year Treasury Bonds Worth EGP 3.5 Billion With 17.65% Interest
9/5/2018 - The Securities Listing Committee held a meeting to reopen trading on five-year treasury bonds that will mature on 3 July 2023, according to a statement by the Egyptian stock exchange.

The reo...
Banque Misr Inks Deal to Establish Chinese-African Alliance of Banks
9/6/2018 - Banque Misr signed a deal to establish a Chinese-African consortium of banks between China Development Bank and 15 African financial institutions.

The deal, inked by chairman of Banque Misr M...
Total Investments of Free Trade Zones Hit Dlrs 26 Bn by End of July
Total Investments of Free Trade Zones Hit Dlrs 26 Bn by End of July 9/6/2018 - Investment Minister Sahar Nasr said total investments of free trade zones managed by the General Authority For Investment & Free Zones (GAFI) hit dlrs 26 billion by the end of July.

The combi...
CBE: Deposits in Banks Rise to EGP 3.569 Trillion by End of June
CBE: Deposits in Banks Rise to EGP 3.569 Trillion by End of June 9/7/2018 - The total deposits in banking system, excluding the CBE, increased by EGP 33 billion to hit EGP 3.569 trillion by the end of June, up from 3.536 trillion in May, the Central Bank of Egypt (CBE) said ....
Egypt Finance Ministry Auctions EGP 17.2 Bln T-Bonds
9/7/2018 - The Finance Ministry Mohamed Maait auctioned treasury bills at a total value of EGP 17.250 billion.

In an online statement, the ministry said it sold EGP 8.5 billion of 182-day T-bills with a...
All the Egyptian Exchange Indexes Up, Benchmark Surges 0.33 Pct
All the Egyptian Exchange Indexes Up, Benchmark Surges 0.33 Pct 9/7/2018 - The Egyptian Exchange (EGX) indexes went up collectively at the close of trading, pushed by purchases of local and Arab institutions and investment funds.

The market capital gained about EGP...
Suez Canal Waterway Developed to Cope with New Changes of Maritime Transport Market
9/7/2018 - The Suez Canal Authority developed the international waterway to cope with new changes in the maritime transport market after a new generation of giant ships joined the international sea-borne trade f...
Egypt, IMF Discuss Progress in Economic Reform Program
9/7/2018 - Public Business Sector Minister Hesham Tawfiq discussed in a meeting with the International Monetary Fund (IMF)'s permanent representative to Egypt, Reza Baqir, different aspects of cooperation and ...
Egypt, Jordan Discuss Preparations for Higher Committee Meetings
Egypt, Jordan Discuss Preparations for Higher Committee Meetings 9/7/2018 - Minister of Investment and International Cooperation Sahar Nasr had talks with Jordanian Minister of Industry and Trade Tarek al Hamouri on preparations for meetings of the higher joint committee.
...
47 Ships Transit Suez Canal
9/7/2018 - Forty-seven ships transited the Suez Canal with a total cargo of 3.2 million tons. The south-bound convoy included 25 vessels carrying 1.7 million tons, while the north-bound convoy included 22 ship...
Assar, ABC Probe Joint Cooperation in Upgrading Egypt's Railway Sector
9/7/2018 - State Minister of Military Production Mohamed el Assar discussed with a delegation from the Anglo Belgian Corporation (ABC), the diesel engine manufacturer, joint cooperation to meet the needs of the ...
Egypt, ITFC Sign One-Million-Dollar Agreement To Import Commodities
9/8/2018 - The Public Authority of Supply and the International Islamic Trade Finance Corporation (IITFC) signed a one-billion-dollar agreement to fund the purchase of subsidized basic commodities.

Inv...
1st Trade Logistic Zone worth EGP 6 Bln Opened in Tanta
9/8/2018 - The first trade logistic zone in Egypt’s Delta is expected to be inaugurated in the coming few months, in Tanta, Gharbiya governorate, with investments worth EGP 6 billion.

Supply Minister Al...
WB Team Discuss Extending Dlrs 1 Bn For Supporting All-Out Development In Sinai
WB Team Discuss Extending Dlrs 1 Bn For Supporting All-Out Development In Sinai 9/9/2018 - Investment Minister Sahar Nasr had talks with a World Bank mission in charge of following up a comprehensive program for Sinai development.

The talks tackled means of accelerating procedures...
Military Production, Smes Development Agency Sign MOU
9/11/2018 - Minister of Military Production Mohamed El Assar witnessed a ceremony of signing a memorandum of understanding (MOU) between the National Authority for Military Production and the Small- and Medium-...
Egypt, Afreximbank Discuss Joint Cooperation
9/12/2018 - Minister of Trade and Industry Amr Nassar had talks with a delegation from the African Export-Import Bank (Afreximbank) on current projects carried out by the bank in Egypt.

The talks also ta...
Egyptian Exchange Indexes Lose EGP 8.1 Bln
9/12/2018 - The Egyptian Exchange (EGX) indexes fell collectively at the close of trading amid selling operations by local and foreign institutions and investment funds and purchases by Arab investors.

...
Karmsolar To Raise EGP 500 Million For Phase One Of Its Expansion Plan
9/12/2018 - KarmSolar, Egypt’s fastest growing solar energy solutions company, signed an agreement with Attijari Finances to act as KarmSolar’s global advisor and coordinator for the company’s equity fundraising ...
President El-Sisi Orders More Efforts To Boost Rates Of Ships Crossing Via Suez Canal
9/13/2018 - /Egypt's President Abdel Fattah El-Sisi directed officials to exert utmost efforts to increase the rates of the ships transiting the Suez Canal with the aim of boosting foreign currency revenues, urgi...
PM Witnesses Signing Cooperation Protocol on Establishing Logistic Zones
9/13/2018 - Prime Minister Moustafa Madbouli witnessed the signing of a cooperation protocol between the New Urban Communities Authority (NUCA) and Internal Trade Development Authority (ITDA) on establishing log...

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