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Financials and Investment News in Egypt

Egypt's Exports to East Asian Countries up by 126% in 2017: CAPMAS
12/26/2018 - Egypt's exports to East Asian countries hit EGP 41.8 billion in 2017 compared to EGP 18.5 billion in 2016, a 126 percent increase, the Central Agency for Public Mobilization and Statistics (CAPMAS) sa...
Egypt's Domestic Liquidity Rises to EGP 3.56 Trillion in July-Oct 2018: CBE
Egypt's Domestic Liquidity Rises to EGP 3.56 Trillion in July-Oct 2018: CBE 12/28/2018 - Egypt's domestic liquidity increased by EGP 109.1 billion, registering EGP 3.563 trillion, at a rate of 3.2 percent, in July-October of the 2018/2019 fiscal year, the Central Bank of Egypt (CBE) said ...
Egyptian Exports to Reach $25 Billion by End of 2018: Trade Minister
12/28/2018 - Egypt's Minister of Trade and Industry Amr Nassar has said that Egyptian exports witnessed large growth during 2018, totaling $22.6 billion compared to $20.4 billion in 2017.

The minister sai...
Egypt Expected to Receive 5th Tranche of IMF Loan in January: Presidency
12/30/2018 - The head of the Central Bank of Egypt Tarek Amer says that the fifth tranche of a $12 billion loan from the International Monetary Fund (IMF) is expected to be received in January 2019, Egyptian presi...
Sisi Directs to Implement Economic Reform Program
Sisi Directs to Implement Economic Reform Program 12/31/2018 - President Abdel Fattah El Sisi has directed committed action to achieve aspired financial and economic targets.

Sisi, in a meeting with Prime Minister Moustafa Madbouli and governor of the...
PM Probes Latest Developments of Capital Market during Meeting with Bourse Head
1/1/2019 - Premier and Housing Minister Moustafa Madboli reviewed during his meeting with the Head of the Egyptian Exchange (EGX) Mohamed Farid Saleh the latest developments in the bourse performance.

...
PM Reviews FY 2019-2020 Draft Budget
1/1/2019 - Prime Minister Moustafa Madbouli presided over a meeting to review the draft budget for the 2019-2020 fiscal year.

The meeting was attended by the planning and finance ministers and their de...
Non-Arab Investors Trading Registers EGP 7.2 Bln in 2018
Non-Arab Investors Trading Registers EGP 7.2 Bln in 2018 1/1/2019 - The trading of foreign (non-Arab) investors on the Egyptian Exchange registered purchases of EGP 7.2 billion during 2018, a report by the Egyptian bourse said.

“Sales operations by Arab inv...
Egypt: Economic Wish List For 2019
1/2/2019 - The new year brought with it not just greetings but also jokes about how broke many people have become and how little their monthly salaries can last.

After two years of economic reforms, a s...
11 Egyptian Firms Participate in Arabplast 2019 – EDA
1/7/2019 - CEO of the Export Development Authority (EDA) Sherine el Shorbagy stressed that the ArabPlast 2019 is of great importance for being the third exhibition worldwide and the first in the Middle East and ...
Egypt's Foreign Reserves Drop By 4.4 Pct in December: CBE
1/7/2019 - Egypt’s foreign currency reserves dropped by 4.4 percent to reach $42.5 billion in December, compared to $44.5 billion in November, an official source at the Central Bank of Egypt (CBE) said ..
Egypt Foreign Reserves Drop For First Time Post-Devaluation
1/8/2019 - Egypt’s foreign currency reserves fell to $42.551 billion in December from $44.513 billion in November, the central bank said, the first drop since a 2016 currency devaluation.

The last time ...
Samsung, Like Apple, Feels Sting of Slowing Global Growth
1/8/2019 - Samsung expects its quarterly operating profit to fall 29 percent compared with last year, adding to the tech sector's unease about the effect of slowing global economic growth on the industry.
Standard Chartered: Egypt Economy Among 10 Top Countries By 2030
1/9/2019 - Seven of the world’s top 10 economies by 2030 will likely be current emerging markets, Bloomberg reported citing a note by Standard Chartered Plc.

The prediction for a shake-up of the world’...
WB Forecasts Egypt's Economic Growth At 5.7% 2019
1/9/2019 - The World Bank (WB) forecasts that Egypt's economic growth will accelerate to 5.6 percent in the 2018/19 fiscal year, and on an annual basis of 5.7% in 2019, as investment is supported by reforms that...
Samsung, Like Apple, Feels Sting of Slowing Global Growth
1/9/2019 - Samsung expects its quarterly operating profit to fall 29 percent compared with last year, adding to the tech sector's unease about the effect of slowing global economic growth on the industry.
Standard Chartered: Egypt Economy among 10 Top Countries By 2030
1/9/2019 - Britain's Standard Chartered Bank forecast that Egypt will be ranked 7th among the world's top 10 economies by 2030. Seven of the world’s top 10 economies by 2030 will likely be current emerging mar...
WB Forecasts Egypt's Economic Growth At 5.7% 2019
1/9/2019 - The World Bank (WB) forecasts that Egypt's economic growth will accelerate to 5.6 percent in the 2018/19 fiscal year, and on an annual basis of 5.7% in 2019, as investment is supported by reforms that...
Eu Opens In-Depth Probe Of Nike's Tax Deals In The Netherlands
1/10/2019 - The EU launched an in-depth probe into Nike's tax affairs in the Netherlands, following revelations in the "Paradise Papers" scandal that exposed low tax deals for multinationals. The European Commis...
Finance Ministry Auctions T-Bills worth EGP 18bn
1/11/2019 - The Ministry of Finance auctioned treasury bills at a total value of EGP 18 billion.

In an online statement, the ministry said it sold 182-day T-bills worth EGP 8.750 billion with an average...

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