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Financials and Investment News in Egypt

ICT 2018 Kicks Off on Sunday
11/24/2018 - Cairo International Exhibition and Conference on Telecommunication and Information Technology (ICT 2018) will kick off at Egypt International Exhibitions Center under the slogan Driving Transformatio...
Egypt Tops World Production Of Table Olives
11/24/2018 - Egypt tops the world’s countries in production of table olives with more than 18% of world production in 2017, Minister of Agriculture and Land Reclamation Ezz el Din Abu Steit said .

Egypt h...
Egypt's Plausible Growth Forecasts
11/24/2018 - The Ministry of Finance is targeting a 6.5 per cent growth rate for Egypt’s economy in the fiscal year 2019-20, up from 5.8 per cent expected for the current fiscal year, according to the state bullet...
Lebanese PM Asserts His Appreciation of Egypt's Role in the Region Led By President El-Sisi
11/24/2018 - The Minister of Investment and International Cooperation Dr. Sahar Nasr met with Lebanese Prime Minister Mr. Saad El-Hariri during her visit to Lebanon, in presence of Egypt's Ambassador to Beirut Mr....
Egypt on Track To Achieve Its Financial Targets
11/24/2018 - Lebanese Prime Minister Saad al-Hariri said on Saturday that Egypt’s recent legislative reforms have made it a country attractive to Lebanese investments.

He pointed to Lebanon’s keenness to ...
Lebanese Investors: We Intend to Inject New Investments in Egypt
11/25/2018 - On the sidelines of the Egyptian-Lebanese Business Forum in Beirut, Investment and International Cooperation Minister Sahar Nasr met with former Lebanese Prime Minister Najib Miqati and the President ...
32 Ships Transit Suez Canal
11/25/2018 - Thirty-two ships transited the Suez Canal with a total cargo of 2.1 million tons. The south-bound convoy included 14 vessels carrying 900,000 tons, while the north-bound convoy included 18 ships lad...
Foreign Trade Up 16 Pct, Exports Surge 11pct in 10 Months
11/26/2018 - Minister of Trade and Industry Amr Nassar announced that foreign trade surged 16.8% year on year to around $78.407 billion in the first ten months of the year, up from $67.96 billion.

Based o...
Central Bank of Egypt: Bank Deposits Up By EGP 38bn in Sept
11/27/2018 - The Central Bank of Egypt (CBE) announced an increase in deposits in banks by around 38 billion pounds by the end of September this year to reach 3.644 trillion pounds compared to 3.606 in August.
Egyptian Mineral Resources Authority Head Reveals Study to Establish Complexes for Gold Explorers
11/27/2018 - The Egyptian Mineral Resources Authority (EMRA) is studying to establish industrial complexes for gold explorers in a bid to include them in the formal economy.

About 40 tons of gold are une...
Egypt to Export Sugar Beet Waste to China
11/27/2018 - Egypt and China signed a memorandum of understanding on rules to export sugar beet waste to the Asian country.

The document was inked by Egypt's Deputy Agriculture Minister Mona Mehrez and ...
Egypt Minister of Trade, Saudi Minister of Commerce Discuss Boosting Bilateral Cooperation
11/27/2018 - Minister of Trade and Industry Amr Nassar met with Saudi Minister of Commerce and Investment Majid bin Abdullah Al-Qassabi, who’s currently visiting Egypt as part of the delegation accompanying Saudi...
IMF To Discuss 5th Installment of Egypt’s Loan in December
11/28/2018 - The Executive Board of the International Monetary Fund (IMF) will meet in late December, to discuss disbursing the fifth installment of the IMF loan to Egypt.

“The Executive Board of the IMF ...
Abdel Aty Participates In Sustainable Blue Economy Conf. In Kenya
11/28/2018 - Minister of Water Resources and Irrigation Mohamed Abdel Aty participated in the fourth conference on sustainable blue economy in Kenya.
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Ex-prime minister Sherif Ismail led a high-level dele...
After Current Deal Ends, Egypt Won't Seek More Funding From IMF - Finance Minister Tells Bloomberg
11/28/2018 - Egypt's Finance Minister Mohamed Mait has told Bloomberg in an exclusive interview that Egypt will not seek further funding from the International Monetary Funding (IMF) when the ongoing loan deal wit...
Shoukry Invites Serbian Companies to Pump More Investments to Egypt
11/28/2018 - Foreign Minister Sameh Shoukry invited Serbian companies to pump more investments to Egypt in the various sectors, Foreign Ministry Spokesman Ahmed Hafez said.

This came at a roundtable meeti...
Egyptian Economic Reform Helped Achieve Development
11/28/2018 - Minister of Finance Mohamed Maait said that Egypt managed to implement a comprehensive economic reform program that is aimed at achieving sustainable development.

In his speech at an interna...
Abdel Aty Participates in Sustainable Blue Economy Conf. in Kenya
11/28/2018 - Minister of Water Resources and Irrigation Mohamed Abdel Aty participated in the fourth conference on sustainable blue economy in Kenya.

Ex-prime minister Sherif Ismail led a high-level deleg...
Nasr & New Valley Governor Discuss Beefing Up Investing Agricultural And Industrial Zone
Nasr & New Valley Governor Discuss Beefing Up Investing Agricultural And Industrial Zone 11/29/2018 - Investment and International Cooperation Minister Sahr Nasr discussed with New Valley Governor Mohamed el-Zamlout beefing up investments in the governorate.

In a statement , the governor said...
Egyptian Economic Reform Helped Achieve Development
11/29/2018 - Minister of Finance Mohamed Maait said that Egypt managed to implement a comprehensive economic reform program that is aimed at achieving sustainable development.

In his speech at an internat...

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