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Financials and Investment News in Egypt

British Investments in Egypt Hit $5.5bn
12/5/2018 - Minister of Trade and Industry Amr Nassar said that British investments in Egypt hit around 5.5 billion dollars.

Nassar held a meeting with British Trade Representative Jeffery Donaldson. Th...
COMESA CEO: Private Sector Plays a Crucial Role in Economic Integration in Africa
12/5/2018 - Heba Salama, CEO of the Common Market for Eastern and Southern Africa (COMESA)'s Regional Investment Agency (RIA), stressed the importance of the private sector's role in achieving economic integratio...
Egypt Central Bank to Issue Plastic Banknotes By 2020
12/5/2018 - Egypt plans to issue plastic banknotes by 2020, the governor of the central bank said .

Tarek Amer told state news agency MENA that the move to adopt polymer notes would help ease cash moveme...
World Bank Announces New $1 Billion Programme to Support Egypt's Private Sector
12/5/2018 - The World Bank announced it is loaning Egypt $1 billion to support the country’s private sector and create new jobs.

The new programme will build on a series of annual loans totaling $3.15 b...
Transport Minister & WB Delegation Discuss Developing Railway Projects
12/6/2018 - Transport Minister Hesham Arafat discussed with a World Bank (WB) delegation a number of projects financed by the bank in Egypt's different transport fields.

During the meeting, Arafat revi...
IMF Hails CBE Decision Terminating Repatriation Mechanism
IMF Hails CBE Decision Terminating Repatriation Mechanism 12/7/2018 - The International Monetary Fund (IMF) lauded the decision by the Central Bank of Egypt terminating the foreign investors funds Repatriation Mechanism as vital for the economic reform program.

...
EIB Chief to Arrive in Egypt to Participate in Africa Forum 2018
12/7/2018 - President of the European Investment Bank (EIB) Werner Hoyer is set to visit Egypt on December 8 and 9 to take part in Africa Forum 2018 in Sharm El Sheikh.

The EIB president will also sign a...
Egyptian Firms Invest Dlrs 4.4 Bn in COMESA States
12/7/2018 - The total investments of Egyptian companies in states of the Common Market for Eastern and Southern Africa (COMESA) hit about dlrs 4.4 billion in the period from 2003 to 2018, according to a report is...
Report by Fdi Markets: Egypt Ranks 1st in FDI Flows in Africa
12/7/2018 - According to a report by fDi Markets, affiliated to the Financial Times, Egypt ranked first in Africa in terms of foreign direct investment (FDI) flows, with the volume of investments hitting 7.4 bill...
IMF: Egypt's Decision to Adjust Customs' Duties on Luxury Goods to Benefit Economy
12/7/2018 - The Egyptian Ministry of Finance’s decision to adjust the customs dollar exchange rate for non-essential goods, tying it to the Central Bank of Egypt (CBE)’s dollar exchange rate will benefit the Egyp...
Investment Ministry, IFC Sign 1-Million-Dollar Agreement to Invest in Vezeeta
Investment Ministry, IFC Sign 1-Million-Dollar Agreement to Invest in Vezeeta 12/8/2018 - Investment and International Cooperation Minister Sahar Nasr and CEO of the International Finance Corporation (IFC) Philippe Le Houérou witnessed the signing of an agreement to pump investments worth...
EGP 1.9 Billion Tax Revenues, Fines in September, October
12/8/2018 - Around EGP 1.9 billion were collected as dues of tax evasion cases reported in September and October 2018, Ministry of Finance said .

Customs authority had spotted 4,462 custom evasion incide...
Egypt signs 2 water system deals worth EGP2.2 billion with Kuwaiti Fund
12/8/2018 - Egypt and the Kuwait Fund for Arab Economic Development signed two agreements on Saturday to establish an EGP 1.4 billion water system in Bahr Al-Bakr and to finance four desalination plants in South ...
Egypt's Decision to Adjust Customs' Duties on Luxury Goods to Benefit Economy: IMF
12/8/2018 - The Egyptian Ministry of Finance’s decision to adjust the customs dollar exchange rate for non-essential goods, tying it to the Central Bank of Egypt (CBE)’s dollar exchange rate will benefit the Egyp...
Egypt, Mozambique Discuss Transport Cooperation
12/8/2018 - Transport Minister Hesham Arafat discussed with his Mozambican counterpart Carlos Mesquita boosting bilateral cooperation in the transport domain.

During their meeting, the two ministers di...
Cairo, Rome Ink €45m Deal to Support Egyptian Private Sector
12/8/2018 - Minister of Investment and International Cooperation Sahar Nasr and Italian Ambassador in Cairo Giampaolo Cantini signed a deal to support the development of Egypt’s private sector with total investme...
Investment Minister Witnesses Inking Mou to Support Clean Technology Start-Up Accelerator
Investment Minister Witnesses Inking Mou to Support Clean Technology Start-Up Accelerator 12/8/2018 - Minister of Investment and International Cooperation Sahar Nasr witnessed the inking ceremony of a memorandum of understanding (MoU) to establish an investment fund specialized in supporting emerging...
Minister of Finance: Egypt Took Several Pro-Smes Measures
12/8/2018 - Egypt has introduced several pro-SME measures to encourage such projects, Minister of Finance Mohamed Maait said .

These measures, implemented through initiatives introduced by the Central Ba...
EIB Chief Renews Support For Egypt; Hails Economic Reforms
12/9/2018 - President Werner Hoyer of the European Investment Bank (EIB) said that the bank attaches importance to Egypt as one of the key countries in the Middle East and Africa.

The EIB will continue ...
Egypt Is Africa's Gate, Meeting Point Of Old, Modern Civilizations
Egypt Is Africa's Gate, Meeting Point Of Old, Modern Civilizations 12/9/2018 - Minister of Investment and International Cooperation Sahar Nasr said Egypt is the gate of Africa and a meeting point of the old and modern civilizations.

Addressing the third edition of Afric...

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