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Financials and Investment News in Egypt

Having A Good Data Base..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...
Egypt's Bourse Gains EGP 6 Bln Monday
10/29/2018 - The Egyptian Exchange indexes posted collective gains at the close of trading, backed by purchases by Arab and foreign institutions and investment funds besides Egyptian investors.

The market...
World’s First Specialized Free Zone For Textile Industry Underway in Minya
10/29/2018 - The first specialized free zone for the textile industry in the world is underway in Minya Governorate on an area of ??2.2 million square meters, and the first specialized technological city is also u...
American Companies Announce at the Suez Canal: "This Is the Time to Invest In Egypt"
10/30/2018 - Chairman of the Suez Canal Authority, Mr. Mohab Mamish: "We have made great strides in the development of the Economic Zone and are close to completing all its infrastructural requirements".

...
Egypt Keeps Customs Exchange Rate at EGP 16 per $1 in November
10/30/2018 - Egypt will maintain its current customs exchange rate of EGP 16 per $1 in November, Minister of Finance Mohamed Maait said .

In a press release by the ministry, Maait said that the current ra...
Agriculture Minister Urges Increased Cooperation with Africa
10/30/2018 - Agriculture Minister Ezzedine Abu Stait said that agricultural cooperation can help develop Egypt's relations with Africa.

Addressing the African affairs committee of parliament, the Agricul...
Egypt's Sisi Attends Africa Investment Summit in Berlin
10/30/2018 - Egyptian President Abdel-Fattah El-Sisi participated in the afternoon session of the Africa investment summit in Berlin in the presence of German Chancellor Angela Merkel and a number of African leade...
Egypt, Germany Sign Vocational Training Cooperation Agreement
10/30/2018 - Ministers of Education and Industry Tarek Shawky and Amr Nassar respectively signed an agreement with the German Siemens Company on expanding training of vocational education students.

The a...
Egypt, Siemens Sign Mou on Promoting Competitive Potentials of Egyptian Industry
10/30/2018 - President Abdel Fattah El Sisi witnessed the signing of a memorandum of understanding between the Egyptian government, represented by the Ministry of Trade and Industry, and Siemens Company to enhanc...
Egypt Signs A $ 1.2 Bln Loan With 3 Int'l Banks To Reach 7.6 Mln Tons Of Midor
10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) signed a 1.2-billion-dollar loan agreement with a banking consortium to increase the refining capacity of the Alexandria refinery lab by 60...
Planning Minister: Egypt Seeks 10% Growth Rate
10/31/2018 - Planning Minister Hala El Saeed said the government seeks to achieve a ten-percent growth rate by the end of 2029/2030.

To hit this target, the government plans to achieve a 5.9% growth rate ...
Egypt Budget Deficit Drops In First Two Months Of 2018/19
10/31/2018 - Egypt's state budget deficit has decreased to 1.6 percent of the GDP during the first two months – July and August – of the current fiscal year, compared to 1.7 percent in the same period last year, a...
Egypt Signs A $ 1.2 Bln Loan With 3 Int'l Banks To Reach 7.6 Mln Tons Of Midor
10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) signed a 1.2-billion-dollar loan agreement with a banking consortium to increase the refining capacity of the Alexandria refinery lab by 60...
Bourse Gains EGP 14bn
Bourse Gains EGP 14bn 11/2/2018 - The Egyptian Exchange indexes went up collectively during the week trading, according to the Bourse's weekly report.

The market capital gained EGP 14 billion to reach EGP 750.9 billion, compa...
IMF Reaches Staff-Level Agreement on 4th Review of Egypt's EFF
11/2/2018 - The successful completion of a staff-level agreement between the IMF team and the Egyptian authorities proved the strength of the country’s economy and that reforms are on track despite the recent glo...
Transport Minister, Afdb Manager Discuss Boosting Bilateral Cooperation
11/2/2018 - Minister of Transport Hisham Arafat o discussed in a meeting with the African Development Bank (AfDB) country manager for Egypt, Malinne Blomberg, means of fostering bilateral cooperation in the diffe...
Investment Minister Holds Roundtable with 11 Major Companies in Ukraine
Investment Minister Holds Roundtable with 11 Major Companies in Ukraine 11/2/2018 - General Director of Ukraine's NIBULON Company Oleksiy Vadaturskyy said that Egypt has a strong and integrated economic program that encourages us to inject new investments into the country.

T...
Egypt Signs $2.3 Billion Power Plant Deal with Saudi ACWA Power
11/2/2018 - Egypt signed a deal with Saudi Arabian utility developer ACWA Power to build a $2.3 billion power plant in the country’s south, the Egyptian electricity minister said.

The plant, which will ...
Foreign Trade Up 13 Pct, Exports Surge 11 Pct in Nine Months
11/3/2018 - Minister of Trade and Industry Amr Nassar announced that foreign trade surged 13% year on year to around $67.630 billion in the first nine months of the year, up from $59.822 billion.

Based o...
Egyptian Exports Increase By 11% during First 9 Months of 2018
11/3/2018 - Non-oil foreign trade performance indicators for Egypt during January-September this year have increased significantly, a government report announced.

The General Organization for Import and ...

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