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Financials and Investment News in Egypt

Egypt’s Sisi Discusses Economic Reform with Central Bank Governor
11/15/2018 - Egyptian President Abdel Fattah al-Sisi held a meeting with Governor of the Central Bank of Egypt (CBE) Tarek Amer , encouraging him to take the steps required to implement the country’s economic refo...
Egypt's Agriculture Minister Cancels 1990s Decision on Stockpiling Potatoes
11/15/2018 - Minister of Agriculture and Land Reclamation Ezz El-Din Abu Steit announced the cancellation of ministerial decision No 669/1991 regarding stockpiling potatoes.

Addressing members of the parl...
Unemployment Rate Records 10% in 3rd Quarter of 2018 in Egypt
11/15/2018 - Egypt’s unemployment rate recorded 10 percent in the third quarter of 2018, 1.9 percent down in comparison with the same period in 2017, the state's statistics agency said.

The rate inched up...
Egypt's Finance Ministry Targets Reducing Budget Deficit to 7% in 2019/2020
11/15/2018 - The 2019-2020 draft state budget targets bringing down the total deficit to seven percent of gross domestic product (GDP), compared to 8.4 percent in the current fiscal year, Egypt's finance ministry ...
CBE Keeps Interest Rates Unchanged
CBE Keeps Interest Rates Unchanged 11/16/2018 - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) kept interest rates on hold , for the fifth time this year, meeting the expectations of experts and investment banks.

MP...
Egyptian-Chinese Investment Exhibition is Opportunity for Boosting Joint Cooperation
11/16/2018 - Trade and Industry Minister Amr Nassar said the Egyptian-Chinese Trade and Investment Exhibition and Conference represents a real opportunity for boosting joint cooperation between Cairo and Beijing a...
Egypt's Economy: A Cautious Road Ahead
11/16/2018 - Growth in oil-importers in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region, including Egypt, is continuing at a moderate pace, reflecting ongoing reforms and continued external ...
Egypt's GDP Rose To 5.3% in First Quarter of FY 2018/2019
11/16/2018 - Egypt’s Minister of Planning and Administrative Reform Hala El-Saeed said that the country’s GDP rose to 5.3 percent in the first quarter of the current fiscal year, which began in July, compared with...
Electricx 2018 Kicks Off With Participation of Over 20 Countries
11/17/2018 - The 28th edition of the International Middle East and Africa Electricity and Energy Exhibition (Electricx 2018) kicked off Saturday at Egypt International Exhibition Center with the participation of m...
Nassar, Japan's SARAYA Chief Mull Plans to Set up World's Largest Cosmetics Complex in Ain Sokhna
11/17/2018 - Minister of Trade and Industry Amr Nassar has discussed with Yusuke Saraya the President of Japan's leading global manufacturer of personal hygiene products SARAYA the company's investment plan in Egy...
Egypt to Host 12th Round of Egyptian-Russian Joint Committee in April
11/20/2018 - Egypt will host on mid-April the 12th round of the Egyptian-Russian joint committee for trade, economic, scientific and technical cooperation, Minister of Trade and Industry Amr Nassar said.

...
Assar Calls on Slovenian Companies to Participate in EDEX 2018
11/20/2018 - Minister of State for Military Production Mohamed el Assar called on Slovenian defense companies to participate in the 1st Egypt Defense Expo (EDEX 2018), that is organized by the Ministry of Defens...
Egypt Achieved 'Impressive' Results in Economic Reform
11/20/2018 - Prime Minister Mostafa Madbouli had a meeting with Chairman of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun and his accompanying delegation to discuss ways of bo...
Egypt Keens on Creating Investment-Friendly Climate
11/21/2018 - Finance Minister, Mohamed Maait, asserted the government's keenness on creating an investment-friendly climate and attracting investors via establishing a new infrastructure and setting up roads and b...
Mamish Signs 3 Investment Contracts on East Port Said Region
11/21/2018 - Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish has signed three investment contracts with investors of the northern zone, affiliated to the Suez Canal Econ...
Russian Metprom Plans to Expand Investments in Egypt
11/21/2018 - Minister of Trade and Industry Amr Nassar had talks in Moscow with the chairman of the Russian Metprom group which is operating in the sector of metallurgical industries. The two sides discussed curre...
Egypt Cabinet Approves 214 Mln Euro Deal with EIB to Improve Sanitation Services in Nile Delta
11/21/2018 - The Egyptian cabinet approved on Wednesday a 214 million euro deal with the European Investment Bank (EIB) aimed at improving sanitation services and the environment for the people living in the Nile ...
For A New Mechanism, Preparations for a Romanian Economic Delegations to Egypt
11/22/2018 - The Romanian Ambassador here Mihai ?tefan Stuparu said that preparations are under way for a visit to be paid by three Romanian economic delegations to Egypt during the first half of 2019.

T...
Egypt New Budget Aims For 6.5% Growth, 10.9% Inflation: Finance Minister
11/23/2018 - Egyptian Minister of Finance Mohamed Maait announced the country’s new 2019/2020 budget, in a statement sent to all governmental entities .

The ministry aims to increase next year’s growth ra...
PM: Government Took Steps To Promote Egypt's Real Estate Abroad
11/24/2018 - Minister of Immigration and Egyptian Expatriates Affairs Nabila Makram said the Egypt Property Show is the first and largest Egyptian real estate exhibition, describing it as a new window for Egypt’s...

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