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Financials and Investment News in Egypt

Egypt, Uruguay Prepare For Businessmen Meetings
11/30/2018 - Deputy Agriculture Minister Mona Mehrez and Uruguayan Ambassador to Egypt Enrique Ribeiro discussed preparations for a planned Uruguayan-Egyptian business meeting that will tackle boosting cooperation...
Belarus Looks Forward to President Sisi's Visit
11/30/2018 - Belarus Minister of Trade Vladimir Koltovich said his country is looking forward to President Abdel Fattah El Sisi’s visit to his country, during which he would sign a road map for cooperation between...
South Sinai Governor Follows Up Preparation for Africa 2019
12/1/2018 - Governor of South Sinai Khaled Fouda on Friday inspected the under construction Africa Square in Sharm El Sheikh.

The square is scheduled to be opened ahead of the Africa Forum 2018, to kick ...
Investment Minister Forms Committee for Activating Incentive System
Investment  Minister Forms Committee for Activating Incentive System 12/1/2018 - Investment and International Cooperation Minister Sahar Nasr issued a decision to form a committee tasked with activating the incentive system, stipulated in the Investment Law.

Chaired by CE...
Trade Minister, Afreximbank Head Discuss Final Preparations for IATF
12/1/2018 - Minister of Trade and Industry Amr Nassar discussed with members of a delegation from the African Export-Import Bank (Afreximbank), led by the bank’s head Benedict Orama, the final preparations for t...
Egyptian Tax Change Could Spur Banks to Step up Private Lending
Egyptian Tax Change Could Spur Banks to Step up Private Lending 12/1/2018 - A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to the private sector and push up yields debt, raising its appeal among foreign investors, economic analys...
Expanding Egypt's Agricultural Exports
12/1/2018 - Egypt is eyeing new markets for its agricultural exports, particularly in Asia. It should begin exporting fruit and vegetables to Japan after quarantine officials from both countries have reached agre...
Egypt Organizes 3 Economic Conferences in Preparation for AU Presidency
12/2/2018 - In preparation for the presidency of the African Union at the beginning of 2019, Egypt will host three major economic events this month, reflecting its pivotal role in the continent and its continued ...
Egypt Takes Strong Steps towards Encouraging Investment
Egypt Takes Strong Steps towards Encouraging Investment 12/2/2018 - Investment Minister Sahar Nasr said that Egypt takes strong steps towards encouraging investment through the provision of electricity and energy, as well as the network of roads and ports, which res...
Finance Ministry Keeps Customs Dollar at LE 16 for Intermediate Goods
12/2/2018 - The Finance Ministry will keep its customs exchange rate in December at EGP 16 to the dollar as regards intermediate goods and semi-finished products like Tobacco.

Finished products like ciga...
Some 48 Ships Transit Suez Canal
12/3/2018 - Forty-eight ships transited the Suez Canal with a combined cargo of nearly 3.5 million tons.

The south-bound convoy included 25 vessels carrying 1.9 million tons, while the north-bound convoy...
GAFI Approves Work Regulations At Investment Zones
12/3/2018 - Meeting under Investment Minister Sahar Nasr, the General Authority for Investment (GAFI) board approved regulations of an in-house work system to be applied at investment zones.

The rules a...
Egypt Aiming For At Least Two Foreign Currency Bond Issues in Q1 2019: Finance Minister
12/3/2018 - Egypt is aiming for at least two foreign currency bond issues in the first quarter of 2019, the finance minister said .

“It can be two or more ... in the next quarter, we are planning for the...
Egypt's Finance Ministry Auctions T-Bills Worth EGP 18.2bn
12/3/2018 - The Ministry of Finance auctioned treasury bills at a total value of EGP 18.250 billion.

In an online statement, the ministry said it sold EGP 9.750 billion of 91-day T-bills with an average ...
Egypt Achieved Initial Surplus of EGP 2 Bln in Fiscal Year 2017/18: Finance Minister
12/3/2018 - Egypt's Finance Minister Mohamed Mait has said that the government has managed to achieve an initial surplus of EGP 2 billion in the fiscal year 2017/18, adding that the state is targeting an initial ...
Egypt's EFG Hermes Advising on Four M&A Deals Expected in H1 2019
12/3/2018 - Egypt’s EFG Hermes investment bank is acting as an advisor on four merger and acquisition deals expected in the first half of 2019, Hermes investment banking co-head Mostafa Gad said.

The ban...
COMESA Thanks Sisi for Sponsoring Africa 2018 Forum
12/4/2018 - CEO of the Regional Investment Agency of the Common Market for Eastern and Southern Africa (COMESA) Dr Heba Salama thanked President Abdel Fattah El Sisi for Egypt's hosting of Africa 2018 Forum in Sh...
Egypt’s Foreign Currency Reserves Rose $12m In Nov: CBE
12/4/2018 - The Central Bank of Egypt (CBE) announced that Egypt’s foreign currency reserves rose by $12 million in November to stand at $44.513 billion, compared to $44.501 billion in October.

Before...
PM Decides To Establish Dry Port & Logistic Center in 6th October City
12/5/2018 - Prime Minister and Minister of Housing Moustafa Madbouli issued a decision to establish a dry port and a logistic center in Wahat Road in 6th October city. The decision stipulated that the Ministry...
Egypt Arab Contractors Honored Best in Uganda 2018
12/5/2018 - Ugandan Vice President Edward Sekandi honored Egypt's Arab Contractors Company as the best contracting company in Uganda in 2018.

The move came in appreciation of the company's commitment to ...

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