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Financials and Investment News in Egypt

Trade Minister Hails Economic Relations with Sweden
10/21/2018 - Trade and Industry Minister Amr Nassar asserted the importance of turning the economic and strategic relations between Egypt and Sweden into real partnerships in various fields.

Such partner...
Egypt's Finance Ministry Allocates EGP6.4 Billion for Health, Railways and Other Services
10/21/2018 - Egypt's Finance Minister Mohamed Mait has approved an urgent financial allocation worth EGP 6.4 billion for state-affiliated institutions and bodies, a statement by the ministry read.

The fun...
UNDP Can See Positive Signs That Egypt's Economy Is Gradually Improving
10/22/2018 - On the occasion of the celebration of the United day in 24 October, the UN conducted a series of interviews exclusively for Ahram Online.

The UN day marks the anniversary of the entry of the ...
Delayed State Offering Stalls Egypt's Surging Share Sales
10/22/2018 - The Egyptian government's postponement of its share sales has raised concerns the budget deficit may widen this year and pushed private companies to delay their own share offerings.

The gover...
Egypt Keen on Boosting Investment Ties With Africa
10/23/2018 - Minister of Investment and International Cooperation affirmed the government's keenness on boosting trade and investment ties with African countries.

Nasr asserted also Egypt's support to dev...
Investments in New Damietta City Hit EGP 7.2 Billion, Egypt's PM
10/23/2018 - Prime Minister Moustafa Madbouli said that the total investments in New Damietta city reached 7.2 billion pounds.

As per the current fiscal year plan, the volume of investments in the city i...
Egypt's Sisi Meets With Major US Business Delegation in Cairo
10/23/2018 - Egypt’s President Abdel-Fattah El-Sisi stressed the promotion of Egyptians’ welfare and improving living standards, executive director of the US-Egypt Business Council Steve Lutes said during an event...
Egypt Targets Economic Growth of 8 Percent by 2021
10/25/2018 - Egypt is aiming for economic growth of 8 percent by 2021/22, Finance Minister Mohamed Maeet said during a business event organised by the American Chamber of Commerce in Egypt.

Maeet made th...
Egypt's External Borrowing Ceiling at $16.733 Bln for 2018/19
10/25/2018 - Egypt has set its external borrowing ceiling at $16.733 billion for the 2018-2019 financial year, a government document obtained by Reuters showed.

Egypt will borrow $10.51 billion for the r...
Saudi Arabia's Red Sea Tourism Project to Break Ground in 2019
10/25/2018 - Saudi Arabia's Red Sea tourism project will break ground in 2019 and open the first phase of its development in 2022, the Red Sea Development Company's chief executive, John Pagano, said.

Sau...
US Trade And Development Agency Official Meets With Ministers in Egypt
10/26/2018 - Acting Director of the US Trade and Development Agency Thomas Hardy has met several Egyptian ministers, including Petroleum Minister Tarek El-Molla, to discuss the agency’s support for US commercial e...
More Competitiveness Needed To Propel Egypt's Economy
10/26/2018 - Egypt is the 94th most-competitive nation out of the 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum.

The country’s ranking...
UAE Thumbay Group Probes Injecting Investments Worth EGP 5 Billion in Egypt
10/27/2018 - Minister of Investment and International Cooperation Sahar Nasr met with Founder President of the UAE-based Thumbay Group Dr. Thumbay Moideen.

Moideen said he seeks to inject investments wor...
Egypt's Ambassador Reviews Efforts To Boost Investment At UNCTAD Forum
10/27/2018 - Egypt's Permanent Delegate to the United Nations Office at Geneva (UNOG) Ambassador Alaa Youssef reviewed Egyptian efforts and policies to boost investments within a framework of Egypt Vision 2030.
Egypt Industry Minister: Arab Economic Integration Inevitable
10/28/2018 - Minister of Trade and Industry Amr Nassar stressed the importance of economic integration among Arab countries.

In a meeting attended by delegations from 18 Arab countries with members of th...
Egypt Trade Volume Hits Dlrs 67.63 Bn Over 9 Months
10/28/2018 - Egypt's trade volume during the period from January to September 2018 hit dlrs 67.63 billion compared with dlrs 59.82 billion during the same period of the previous year, recording a rise of 13 percen...
Investment Minister: Free Zones Exports Hit Dlrs 14.7 Bn in 9 Months
Investment Minister: Free Zones Exports Hit Dlrs 14.7 Bn in 9 Months 10/28/2018 - Minister of Investment Sahar Nasr said the free zone of the General Authority for Investment and Free Zones (GAAFI) achieved exports worth dlrs 14.7bn during the period January-December 30, 2018, with...
57 Ships Transit Suez Canal
10/28/2018 - Fifty-seven ships transited the Suez Canal with a total cargo of 3.3 million tons. The south-bound convoy included 30 vessels carrying 1.8 million tons, while the north-bound convoy included 27 ship...
WB: Egypt's Capable of Accomplishing Goals of 2030 Development Strategy
10/29/2018 - Mahmoud Mohie Eldin, the World Bank Group Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships, underlined Egypt is capable of accomplishing the goals of t...
Min: Advanced Financial Non-Banking Sector Requirement For Sustained Development
10/29/2018 - Minister of Public Enterprise Hisham Tawfiq said an advanced financial non-banking sector is necessary for a successful sustained development process of the national economy to run side by side the ba...

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