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Financials and Investment News in Egypt

Egyptian Investments in African Markets Have Reached $8 Billion: Egypt's PM
12/11/2018 - Egyptian Prime Minister Mostafa Madbouly said that Egyptian companies' investments in African markets have reached $8 billion, state news agency MENA reported.

The PM's comments came during ...
Finance Minister Egyptians Will Reap Fruits of Economic Reform In A Gradual Way
12/11/2018 - In a meeting with members of the Egyptian parliament's economic affairs committee , Egypt's Minister of Finance Mohamed Maeet said that despite complaints by citizens about the harsh living conditions...
Banks Propel Egypt Gain, Dubai Recoups Some Losses
12/11/2018 - Egypt’s blue-chip index continued to gain on Tuesday after enjoying its biggest one-day gain in two years in the last session, while Dubai recovered partially from five-year lows, lifted by gains in r...
Egypt's El Sewedy Electric To Borrow $500 Mln From African Export-Import Bank
12/11/2018 - Egypt’s El Sewedy Electric Co has signed a deal to borrow $500 million from the African Export-Import Bank (Afreximbank), the company said .

The money would be used to fund projects in Africa...
Egypt's Fiscal Deficit to Narrow to 6.4 Pct
12/12/2018 - Egypt's fiscal deficit will continue to shrink in the coming years as robust economic growth and fiscal reforms bolster revenues and help to temper expenditure growth, Fitch Solutions expects.

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Accompanied By a High-Level Delegation, PM Reaches Tanzania
12/12/2018 - Prime Minister Mostafa Madbouli arrived in Tanzania's Dar es Salaam , leading a high-level delegation.

Madbouli is due to attend a signing ceremony of a contract for the construction of Stie...
Global Economy in 2019: Growth Beginning to Fray
12/12/2018 - American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty...
COMESA Thanks Egypt's Foreign & Investment Ministries for Africa Forum 2018
12/12/2018 - The COMESA Regional Investment Agency (RIA) has thanked Egypt's ministries of foreign affairs and investment and international cooperation for their great efforts in holding a successful edition of Af...
Egypt Hosts 7th African Trade Ministers Meeting
12/12/2018 - The 7th African Trade Ministers meeting kicked off today in Cairo, with the participation of 54 African Union countries, as well as Albert M. Muchanga, the AU commissioner for the Department of Trade ...
Egypt Needs More Private Investments in Infrastructure
12/12/2018 - More private investments in infrastructure are needed in Egypt to free up public funds for investments in education, health and social protection, the World Bank (WB) said in its latest report about E...
Egypt Purchases 180,000 Tons of Wheat From Russia, Romania
12/12/2018 - Egypt, the world's biggest wheat importer has purchased180,000 tons of wheat from Russia and Romania in an international bid, an official said .

Under the deal, 120,000 tons of wheat will be ...
Egypt's Sisi Discusses Economic, Trade Ties With Austria's Kurz
12/13/2018 - Egyptian President Abdel Fattah El-Sisi discussed means to bolster economic cooperation and trade ties with Austria during a telephone conversation with Chancellor Sebastian Kurz, El-Sisi’s spokesman ...
Egypt Ministry of Finance Winds Up Its Strategic Planning Forum
12/13/2018 - Ministry of Finance wound up, last Sunday, proceedings of the Strategic Planning Forum, bearing the slogan "Together we…plan, work and succeed". Held under the auspices of finance minister Dr. Maait, ...
Egypt, COMESA Confer on Boosting Cooperation
12/13/2018 - Minister of Trade and Industry Amr Nassar conferred with Common Market for Eastern and Southern Africa (COMESA) Secretary General Chileshe Kapwepwe on means to boost cooperation between Egypt and the ...
Sisi Praises UNIDO for Listing Egypt in Program for Country Partnership
12/13/2018 - President Abdel Fattah El Sisi praised a decision taken by the UN Industrial Development Organization (UNIDO) to list Egypt in its Program for Country Partnership.

During a meeting with visi...
Egypt Central Bank to Issue EGP 18.7 Billion in Treasury Bills
Egypt Central Bank to Issue EGP 18.7 Billion in Treasury Bills 12/13/2018 - Egypt’s Central Bank (CBE) is to issue treasury bills worth EGP 18.7 billion in two auctions.

The first 357-day-term treasury bill is to be issued worth EGP 9.2 billion, while the second 18...
PM: 8,278 Projects Finalized Over Past 4 Years
12/15/2018 - Prime Minister Mostafa Madbouli reviewed what was achieved in various fields over the past four years; between July 2014 and December 2018.

Addressing the inauguration ceremony of a sewage t...
World Bank Looks Forward To More Cooperation With Egypt
12/15/2018 - World Bank's Vice President for Infrastructure Makhtar Diop asserted the World Bank’s keenness to actively contribute to development efforts in Egypt, particularly in light of the successful economic ...
Trade Minister Holds Meetings With Russian, Ugandan, UN Officials
12/15/2018 - Trade and Industry Minister Amr Nassar held a series of meetings with senior officials, who partake in the Intra-African Trade Fair that will conclude , to discuss opportunities for future cooperation...
Egypt 5-Yr CDS Rise To Highest Since August 2017: Markit
12/15/2018 - The cost of insuring Egyptian government bonds using Credit Default Swaps hit its highest in 16 months , partly due to turbulence in global emerging markets and concerns around the Egyptian pound.
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