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Financials and Investment News in Egypt

Dr. Al-Ganzoury Meets Dr. Amr Khaled
8/6/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, received Dr. Amr Khaled the Islamic evangelist and reviewed evaluation of the illiteracy project for 60,000 citizens. The project adopted by “Life Makers” associ...
LE 13.7 Billion Increase in Market Capitalization
8/7/2012 - Investment Minister Osama Saleh met with two top financial officials to discuss latest non-banking developments. Financial Supervisory Authority chief Ashraf el-Sharqawi, who attended the meeting, alo...
Egypt: New Measures to Encourage Investments
8/8/2012 - Eng. Hatem Saleh Industry and Foreign Trade Minister affirmed the keenness of the Ministry to find urgent solutions for all problems and obstacles facing the industrial development process and exporta...
Dr Hisham Kandel Received Dr Mohamed Omran
8/8/2012 - Dr Hisham Kandel received Dr Mohamed Omran president of Egyptian stock market, they discussed the current situation of the Egyptian stock market, sending tranquility messages to foreign and Arab count...
Hatem Saleh: New Measures to Encourage Investments
8/8/2012 - Eng. Hatem Saleh Industry and Foreign Trade Minister affirmed the keenness of the Ministry to find urgent solutions for all problems and obstacles facing the industrial development process and exporta...
Yields Edge Higher on Egypt Treasury Bills
8/9/2012 - Yields inched higher at an auction of Egyptian treasury bills, with the government selling LE5.5 billion ($904.5 million) of 6-month and year's notes, the Central Bank of Egypt said. The average yield...
Dr Hisham Kandel Received U.S. Ambassador
8/9/2012 - Prime minister Dr Hisham Kandel received in his office American ambassador Ann patrson, she congratulated Dr Kandel for his new position, offering condolences for martyrs in terrorist rafah events, an...
Nile River Encroachments will be Eliminated
8/11/2012 - Minister of Irrigation and Water Resources Mohamed Bahaa el-Dien has stressed that encroachments on the Nile River and waterways will be dealt with strictly and removed without notifying the owners. T...
Qandil Calls Citizens to Rationalize Electricity Consumption
8/11/2012 - Prime Minister Hisham Qandil made an appeal to citizens to rationalize electricity consumption, warning that it might be compulsory in the future. "If rationalization was not pursued willingly now, it...
Labor Demand in Egypt Doubled in June
8/11/2012 - The demand for Egyptian workers doubled in June in comparison to May, according to the Labor Demand Index published by the Egyptian Cabinet's Information and Decision Support Center (IDSC). The demand...
Egyptian GDRs in London up
8/11/2012 - The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange rose at the close of Friday's trading. The GDRs of the Commercial International Bank (CIB) and Orascom Construction I...
Dr Hisham Kandel Held Economic Group Meeting
8/12/2012 - Prime minister Dr Hisham Kandel held economic group meeting in attendance of: governor of central bank, ministers of finance, investment, industry, planning, and the secretary general of the cabinet o...
200 Million Dollar Loan from the International Bank
8/14/2012 - Prime minister Dr Hisham Kandel witnessed the signing ceremony of an agreement between international bank, ministry of international cooperation, and the social fund for development, as the internatio...
Dr Hisham Kandel Received Japanese Ambassador in Cairo
8/15/2012 - Prime minister Dr Hisham Kandel received Japanese ambassador Nuri Hero Okuda , they discussed issues of mutual cooperation between the two countries during the coming period. Dr Kandel appreciated the...
Sudan Lifts Ban on Several Egyptian Products
8/18/2012 - Sudan has lifted a ban on several Egyptian products, Foreign Trade and Industry Minister Hatem Saleh said, expecting that would contribute to the flow of Egyptian exports to the Sudanese market. The b...
New Customs Draft Law to Improve Investment Climate
8/19/2012 - The Ministry of Finance is currently working on a new draft law for the development of the system of customs to contribute to the improvement of the investment climate and increase the competitiveness...
One Million Citizens in Sinai will be Settled
8/19/2012 - Minister of Agriculture and Land Reclamation Dr. Salah Abdel Mo'men affirmed that the government has outlined an integrated plan for developing Sinai as soon as possible as a matter of national securi...
EGP 400m Loan from France to Renovate Power Network
8/20/2012 - Minister of Electricity and Energy Eng. Mahmoud Balbaa said that a plan was prepared to implement a comprehensive program for the rehabilitation and renovation of the national network for the transmis...
Osama Saleh: New Incentives to Encourage Investment
8/20/2012 - Minister of Investment Osama Saleh said that the coming period will witness introducing new incentives to encourage investment in various sectors, including simplification of investment procedures, re...
Local Drinking Water Bottles Disappearing from Cairo
8/21/2012 - Local drinking water bottles of all sizes have disappeared from the markets in Cairo & the governorates and some unfair traders are abusing the development to offer the bottles at L.E. 2.5 for the sma...

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