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Financials and Investment News in Egypt

Egypt, Ukraine Agree to Establish Joint Projects, Increase Investments
11/3/2018 - The seventh session of the Egyptian-Ukrainian Joint Committee on Economic, Scientific and Technical Cooperation was held in the Ukrainian capital Kiev.

Investment and International Cooperatio...
Cairo Says Keen to Support African States with Its Capabilities
11/3/2018 - Minister of Higher Education and Scientific Research Khaled Abdel Ghaffar said Cairo is keen to support African states and help them resolve any problems facing them.

Abdel Ghaffar made the r...
End of Tariffs on European Cars: Cheaper Cars in Egypt?
11/3/2018 - The final phase of the EU-Egypt Association Agreement that promises the total exemption of customs on imported European cars should be implemented early next year, seeing customs duties on cars import...
Egypt Prime Minister Meets Chinese Consortium Official on Power Project
11/4/2018 - Prime Minister Mostafa Madbouli has held a meeting in Shanghai with board members of a power consortium comprising Shanghai Electric and Dongfang Electric.

The meeting, held on the sidelines ...
Egypt Prime Minister Takes Part in Banquet Hosted By Jinping for CIIE Participants
11/4/2018 - Prime Minister Mostafa Madbouli took part in a banquet hosted by Chinese President Xi Jinping in honor of delegations participating in the First China International Import Exhibition (CIIE), due to ki...
Regionaly & Internationaly.. Egyptian-Chinese Relations Witness Great Leap
11/5/2018 - Egyptian Prime Minister Moustafa Madbouli stressed that Egyptian-Chinese relations have witnessed a great leap over the past period both at regional and international levels that were further develope...
Egypt's Non-Oil Business Activity Slows Slightly in Oct: PMI
11/5/2018 - Egypt’s non-oil private-sector activity weakened slightly in October to reach its lowest level of 2018, a survey showed .

The Emirates NBD Egypt Purchasing Managers’ Index (PMI) for the non-o...
Central Bank Of Egypt: Foreign Reserves Rise To USD 44.501 Bln in Oct.
11/5/2018 - Egypt’s foreign currency reserves spiked by USD 42 million to reach USD 44.501 billion in October against USD 44.459 billion in September, the Central Bank of Egypt (CBE) announced .

Reserves...
Investment Min.Back Home After Participation In AIF
11/9/2018 - Investment and International Cooperation Minister Sahar Nasr returned home after taking part in Africa Investment Forum (AIF) held in the South African city of Johannesburg.

The AIF witnessed...
60 Ships Transit Suez Canal
11/9/2018 - Sixty ships transited the Suez Canal on Thursday with a total cargo of 3.6 million tons.

The south-bound convoy included 37 vessels carrying 2.4 million tons, while the north-bound convoy inc...
Egypt's Dates Exports Rise 73 Percent in 9 Months
11/10/2018 - Egypt's exports of dates have recorded a significant increase over the past nine months of 2018 compared to the same period in 2017, as they hit $35.3 million with an increase of 73 percent.

...
Finance Minister Hails S&P's Fixing Egypt's Credit Rating At B With Stable Outlook
11/10/2018 - Minister of Finance Mohamed Maait said that a report published by Standard & Poor's Global Ratings on fixing Egypt's sovereign credit rating at B with a stable outlook represents an important evidence...
Nasr: Economic Group Seeks Improving Investment Climate in Egypt
Nasr: Economic Group Seeks Improving Investment Climate in Egypt 11/10/2018 - Minister of Investment and International Cooperation Sahar Nasr said that the economic group under Prime Minister Moustafa Madbouli is working as a one and united team for improving the investment cl...
Egypt's bourse achieves highest weekly gains in 8 months
11/10/2018 - The Egyptian Bourse achieved last week its highest weekly gains in eight months recording 25.9 billion pounds, said experts.

The market capital gained 25.9 billion pounds to hit 776.8 billion...
AFBD Chief Hails Egypt's Economic Recovery Program
11/10/2018 - President of the African Development Bank (AFDB) Akinwumi Adesina has praised Egypt's economic recovery program.

He noted that the program has achieved good results in view of the vigorous re...
Egypt's Banque Misr Seeks To Borrow $550 Million Before End-2018: Vice Chairman
11/12/2018 - Banque Misr is seeking to borrow $550 million from foreign lenders before the year’s end to improve dollar liquidity, the vice chairman of Egypt’s second largest bank said

Citi Bank and Emir...
UAE Mubadala To Buy 20 Pct Interest In Egypt's Nour Offshore Concession From Eni
11/12/2018 - Abu Dhabi state fund Mubadala Investment Company’s oil business has agreed to buy a 20 percent participating interest in Egypt’s Nour North Sinai Offshore Area concession from Italy’s Eni, it said .
Egypt Seeks Progress in Doing Business by WB
Egypt Seeks Progress in Doing Business by WB 11/14/2018 - Minister of Investment and International Cooperation Sahar Nasr attended a workshop on the Doing Business report that is issued by the World Bank (WB).

The workshop was attended by Transport...
Egypt to Host International SME Forum in June 2019; 52 Countries Participating
11/14/2018 - Egypt has said that it will host an international forum for small and medium-sized enterprises (SMEs) in June 2019, with 52 countries participating.

In an official statement, Egypt's Trade an...
Thailand's Indorama Buys 74 Pct of Egypt's Medco Plast
11/14/2018 - Indorama Ventures Public Company (IVL), a Thai petrochemicals producer, has acquired 74 percent of Egypt’s packing and packaging Medco Plast for 843 million Egyptian pounds ($47.15 million), Egypt’s H...

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