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Financials and Investment News in Egypt

Egypt: ‘Illogical’ Market Demands
9/14/2018 - Are Egyptian government debt instruments becoming less appealing to foreign investors

The Ministry of Finance cancelled a five- and 10-year treasury bond sale of a total value of LE3.5 billio...
Trade Ministry, EG-Gate Sign Protocol to Promote Egyptian Products
9/14/2018 - The Trade and Industry Ministry has signed a cooperation protocol with EG-Gate portal to promote Egyptian products in world markets.

In a statement released , Minister of Trade and Industry A...
Egypt, Spain to Set Up 20 Mln Euro Photovoltaic Plant in Kom Ombo
9/14/2018 - The New & Renewable Energy Authority and Spain's TSK company signed a contract to set up a 26 MW photovoltaic plant in Kom Ombo in Aswan, Upper Egypt, at a total value of 20 million euros.

E...
Egypt Tops List of Africa’s Most Investable Economies
9/15/2018 - According to a recent report by Biznews, Egypt is Africa's strongest and most investible economy.

The magazine’s study was run by Celeste Fauconnier, the editor of the “Where to Invest in Afr...
Egypt's Economic Reforms Have Made Investment Climate More Attractive
9/16/2018 - Minister of Petroleum and Mineral Resources Tarek El Molla said that the economic and legislative reforms taken by Egypt have made the investment climate more attractive.

El Molla made these ...
Egypt PM Directs Officials to Swiftly Finalize Asmarat 3 Project
9/17/2018 - Prime Minister Mostafa Madbouli inspected the establishment process of Asmarat city in Mokattam district in Cairo governorate.

The premier was accompanied by Cairo Governor Khaled Abdel Aal, ...
Sisi Directs Speeding up Refining Projects to Narrow Gap between Supply, Demand
9/17/2018 - President Abdel Fattah El Sisi directed the government to speed up its progress in the establishment of refining projects to fill the gap between the imports and consumption.

Sisi’s remarks c...
Egypt to Offer Shares In Five State-owned Companies during Three Months:
9/17/2018 - Egypt will offer additional shares in five state-owned companies on the Egyptian Exchange (EGX) during three months at a price that increases or decreases 10 per.

"The offered price of the st...
Egypt Minister of Trade and Industry Raises Import Duty on Nitrogen Fertilizers
9/18/2018 - The move aims to provide the essential quantities of nitrogen fertilizers needed for agriculture.

Minister of Trade and Industry Amr Nassar issued a decree raising duties on exports of nitro...
Egypt-Italy Trade Exchange Hits $2 Bln in the Past Six Months, Says Transport Minister
9/18/2018 - The volume of trade exchange between Egypt and Italy hit two billion dollars during six months of the past fiscal year 2017-18, Transport Minister Hesham Arafat said .

The minister made the r...
Egypt-EU Volume of Trade Reaches $26 Bln: Agriculture Minister
9/18/2018 - Egypt's Minister of Agriculture and Land Reclamation Ezzedin Abu Steit said the European Union is the country's first partner in terms of exports and imports.

Trade exchange between the two ...
Sisi Urges Efficiency in Offering Commodities, Meeting Citizens' Needs at Reasonable Prices
Sisi Urges Efficiency in Offering Commodities, Meeting Citizens' Needs at Reasonable Prices 9/19/2018 - President Abdel Fattah El Sisi pressed for efficiency in providing commodities and meeting the needs of citizens at reasonable prices via an integrated strategy involving market control tools, mainly ...
Minister of Trade and Industry meets Egypt-France business council members for cooperation talks
9/19/2018 - The meeting discussed enhancing the council’s role in boosting trade and investments between Egypt and France.

Minister of Trade and Industry Amr Nassar met with Head of the Egyptian side a...
Egypt Seeks to Boost Economic Cooperation with Germany
9/19/2018 - Egypt's Investment Minister Sahar Nasr discussed means to boost economic cooperation with Germany in talks with a delegation from Germany's economy ministry.

Nasr said Egypt looks to increas...
Egypt, Cyprus Sign Agreement to Construct Gas Pipeline worth $800 Million
9/19/2018 - Egypt and Cyprus signed an agreement to construct a direct marine pipeline to transfer natural gas from the Cypriot Aphrodite field to Egypt and then to be re-exported to different markets, statement...
Sisi Approves Agreement for Egyptian Electricity Holding Company
9/20/2018 - Egypt's President Abdel-Fattah El-Sisi has issued a decree approving a $1.9 billion grant agreement in order to apply international standards for the preparation of financial reports for the Egyptian ...
Egypt's New Consumer Protection Law: 10 Rights You Need to Know
9/20/2018 - The new consumer protection law, ratified by President Abdel-Fattah El-Sisi, will take effect in three months time. Once implemented, consumers will benefit from a range of new rights.

Here ...
Suez Canal Authority zone Signs Mou with Portuguese Port of Sines
9/20/2018 - Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCEZone) Mohab Mamish, currently in Portugal, signed a Memorandum of Understanding (MoU) with the Portuguese Port of Sines....
Egypt Planning Minister Chairs AIBK General Assembly Meeting
9/20/2018 - The general assembly of the Arab Investment Bank (AIBK) convened under Minister of Planning, Follow-Up and Administrative Reform Hala el Saeed. The get-together comes upon Prime Minister Moustafa Mad...
PM Inspects Projects in Assiut Governorateee
9/23/2018 - Prime Minister Moustafa Madbouli started September 23, 2018 a series of field tours in the governorates by visiting the Upper Egypt governorate of Assiut.

He inspected early Sunday the New Na...

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