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Financials and Investment News in Egypt

EGP 64.5 Bn in Investments in Poultry, Broiler Meat Production
10/9/2018 - Prime Minister Moustafa Madbouli said that the total investments in poultry and broiler meat production are estimated at 64.5 billion pounds.

This sector secures direct and indirect jobs for...
Egypt's Economic Growth to Reach 5.23% in 2018
10/9/2018 - The International Monetary Fund (IMF) said that Egypt’s economy is projected to grow 5.3 percent in 2018 and around 5.5 percent in 2019, according to a report issued .

Growth outlook in the N...
Egypt Net Foreign Reserves Up to $44.459 Bln End-September
10/9/2018 - Egypt’s net foreign reserves rose to $44.459 billion at the end of September, from $44.42 billion a month earlier, its central bank said .

Reserves have been climbing since Egypt agreed a $12...
Egypt's annual urban consumer price inflation rises to 16% in September
10/10/2018 - Egypt's annual urban consumer price inflation rose to 16 percent in September from 14.24 percent in August, the official statistics agency CAPMAS said .

Egypt has been pushing ahead with a se...
Egypt, Greece, Cyprus Leaders Witness Signing of Cooperation Agreements
10/10/2018 - President Abdel Fattah El Sisi, his Cypriot counterpart Nicos Anastasiades and Greek Prime Minister Alexis Tsipras witnessed the signing of a number of cooperation agreements in the fields of industry...
Ministers of Investment and Youth Discuss Boosting Cooperation in the Area of Entrepreneurship
10/10/2018 - The Minister of Investment and International Cooperation Dr. Sahar Nasr met with the Minister of Youth and Sport Dr. Ashraf Sobhi at MIIC premises, in presence of Dr. Nasr's Senior Advisor Dr. Shehab ...
Egypt’s Economy is Recovering, After Years of Declining Growth
10/11/2018 - Economic growth in Egypt is expected to reach 5.8 per cent in 2020 driven by an economic reform programme that has seen the liberalisation of the exchange rate, the rationalisation of energy subsidies...
Moody's Upgrades Egyptian Banking System Outlook from Stable to Positive
10/11/2018 - Moody's Investors Service has upgraded the outlook for Egypt's banking system to positive from stable, supported by growth picks up, supporting credit growth, banks' profitability and internal capital...
Egypt Central Bank Signs $3.8 Billion Finance Accord with International Banks
10/11/2018 - The Central Bank of Egypt said it agreed to enter into a "new repurchase transaction" of $3.8 billion with a consortium of international banks including Citigroup, Credit Suisse AG, Deutsche Bank AG,...
Egypt Keen on Providing Suitable Atmosphere for Foreign Investments
10/11/2018 - Trade and Industry Minister Amr Nasar stressed that the cabinet is keen on providing the suitable atmosphere to lure more foreign investments to the Egyptian market especially Egypt is one of the most...
Trade Volume Between Egypt, France Hits USD 1.459 Billion In 8 Months
10/13/2018 - The volume of trade exchange between Egypt and France hit 1.4 billion dollars during the first eight months of 2018, including 460-million-dollar exports and 999-million-dollar imports, Trade and Indu...
WB Sign $300mn Deal on Upgrading Infrastructure
10/13/2018 - Egypt signed an agreement with the World Bank to back infrastructure at cost of 300 million dollars through proceeding with the "Sustainable Rural Sanitation Services Program".

The agreement...
Investment Min. Hails President's Initiative on Human Capital
10/13/2018 - Minister of Investment Sahar Nasr hailed an initiative launched by President Abdel Fattah El Sisi to invest in human capital, asserting it will make a quantum leap in Egypt.

She made the rem...
Planning Min., UN Official Review Sdgs Startegy
10/14/2018 - Planning Minister Hala el Saeed had talks with United Nations Under-Secretary-General for Economic and Social Affairs Liu Zhenmin on means of promoting bilateral cooperation, especially supporting "E...
Investment Minister Attends Meeting Of Arab Group Of WB
10/14/2018 - Investment Minister Sahar Nasr attended a meeting of the Arab group of the World Bank (WB) in Bali, Indonesia, .

President of the WB Group Jim Yong Kim praised Egypt's efforts in the field of...
Egypt Investment Minister Sees No Threats Attached To China Investment
10/14/2018 - Egypt is only accepting Chinese investments in projects that are mutually beneficial, its investment minister said , amid growing skepticism in some countries about risks tied to 'Belt and Road' inves...
Nassar Holds Cooperation Talks With Tatarstan President in Cairo
10/15/2018 - The discussions focused on boosting bilateral trade and investments, and enhancing the role of the business communities in both countries.

Cairo- Oct 15, 2018 Minister of Trade and Industry ...
Egypt's Sarwa Capital Falls 15 Pct On Market Debut
10/15/2018 - Shares in Egypt’s Sarwa Capital IPO-SARW.CA fell 15.1 percent on their first day of trading on the Egyptian stock exchange, bourse data showed .

Sarwa’s flotation is among a number of new sha...
Egypt's Finance Ministry Auctions EGP 1.25 Bln T-Bonds
10/15/2018 - The Finance Ministry auctioned three-year and seven-year treasury bonds at a total value of EGP 1.25 billion.

In an online statement, the ministry said it has sold EGP 750 million of three-ye...
Egypt's GFEC Inks Cooperation Protocol With China
10/15/2018 - The General Federation of the Egyptian Chambers of Commerce (GFEC) signed a cooperation protocol with its Chinese counterpart to boost cooperation in the fields of trade and investment.

In a...

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