Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Italy Will Invest $ 200 Million in Egypt
7/29/2012 - The talks President Mohamed Morsy held with Italian Foreign Minister Giulio Terzi stressed the need for boosting trade exchange and the increase of Italian investments in the Egyptian market. The Ital...
ESE Gains LE1.05 bn
7/30/2012 - The Egyptian Stock Exchange (ESE) gained LE1.05 billion at the close of trading on 29/7/2012. The main benchmark EGX 30 index was up by 0.02 per cent to reach 4758.84 points. The broader EGX 70 index ...
Younis: LE1.5-bn Power Plant Contracts Signed
7/30/2012 - Minister of Electricity and Energy Hassan Yunis attended on 29/7/2012 the signing ceremony of two contracts worth $1.5 billion for Suez power plant whereby a steam turbine and a condenser are to be pr...
Central Bank of Egypt Holds Interest Rate
7/30/2012 - Committee of monetary policy of Central Bank of Egypt (CBE) decided at its meeting on 28/7/2012 to hold overnight deposit and lending rate at 9.25 % and 10.25 % respectively, while also holding the di...
Britain to Ensure Egypt Gets International Support
7/30/2012 - The United Kingdom will renew its pledge to ensure Egypt receives more international support during its transitional period, British foreign secretary William Hague will tell Mohammed Morsi when he vi...
Egypt Stocks Inch Upwards on Political Calm, Ramadan
7/30/2012 - Egypt shares rose slightly, with the benchmark EGX30 index recovering – after sustaining morning losses – to close the day up by 0.1 per cent to alight at 4,765.88 points. Trade volumes were relativel...
Egypt's Top Banker Turns Down Vice-PM Post
7/31/2012 - Prominent banker Tareq Amer says he retracted his acceptance of the senior post of vice prime minister for economic affairs. “I was asked on Saturday not only to be vice PM, but also to form and lead ...
Egyptian Cars Sales Fell 21 pct Year-on-Year in June
7/31/2012 - Egyptian automobile annual sales shrunk in June 2012 with purchase figures down 21 per cent compared to the same month in 2011. A total of 13,667 automobiles were sold last month; two-thirds of them (...
Egypt, Libya and Tunisia Considering Visa-Free Zone
7/31/2012 - Egypt, Tunisia and Libya are considering changes to allow for visa-free travel in a bid to boost trade and economic cooperation, the state-run Middle East News Agency reported, citing Egyptian Foreign...
Egypt Govt's New Economic Team Dominated by Technocrats
8/1/2012 - With only the minister of finance remaining from the previous government of former prime minister Kamal El-Ganzouri, the economy ministers in newly-appointed PM Hisham Qandil's new cabinet are mostly ...
Egypt Govt to Discuss IMF Assistance
8/2/2012 - Egypt's new Prime Minister Hisham Qandil will hold a meeting with members of his government to discuss the next steps on seeking an International Monetary Fund loan, Qandil said. An IMF deal would hel...
WB Agrees on Funding Labor-Intensive Investment Project
8/2/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga said on 1/8/2012 that the World Bank (WB) agreed on funding an urgent labor-intensive investment project with a cost of $200 million....
Egyptian Government Signed 36 Finance Treaties
8/4/2012 - Egypt has signed 36 international cooperation treaties in the period between January 2011 and July 2012, making available $5.8 billion in financing, according to a statement issued by the ministry of ...
Egypt Invites IMF Officials to Resume Talks
8/4/2012 - Egypt invited officials from the International Monetary Fund (IMF) to visit to resume talks on a $3.2 billion loan, the state's finance minister Mumtaz al-Saeed told reporters on Saturday. An IMF deal...
Former PM Borrowed $4.5 Billion on Egypt's Tab
8/4/2012 - Egypt has signed 36 international cooperation treaties in the period between January 2011 and July 2012, making available $5.8 billion in financing, according to a statement issued by the ministry of ...
Egypt Stocks Rise on Local, Foreign Buying
8/5/2012 - Egyptian stocks ended up on Sunday, bolstered by atypical purchasing on the part of Egyptian and foreign investors. Arab investors, however, represented net sellers for the day. Egyptian investors rep...
Dr Hisham kandel Received Libyan Prime Minister
8/5/2012 - Dr Hisham kandel received Libyan Prime Minister Abd El Rahim Alrikab in Cairo international airport Dr Hisham kandel received Libyan Prime Minister Abd El Rahim Alrikab in Cairo international airport,...
Armed Attacks on Israeli Border Drag Egypt's Stocks Down
8/6/2012 - Egypt's stocks lost 0.6 per cent following armed attacks on Egyptian guards along the Israeli-Sinai border on Sunday evening. The attack left dozens killed and injured. The market, however, managed to...
Extensive Discussions between Egypt and Libya
8/6/2012 - Extensive discussions held between Egypt and Libya under the chairmanship of the prime ministers of two countries Dr Hisham Kandel and Mr. abed Elreheem Alrekeb, attended from the Egyptian side by min...
IMF Welcomes Return of Contacts with Egypt
8/6/2012 - The technical team of the International Monetary Fund (IMF) will arrive in Cairo following the Ramadan Bairam vacation to complete measures for offering Egypt a loan worth 3,2 billion dollars. Ministe...

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