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Financials and Investment News in Egypt

Egypt Bourse Gains EGP 8 Billion in 4 Sessions, Indexes Show Mixed Performance
1/11/2019 - The Egyptian Exchange (EGX) indexes recorded gains amounting to EGP eight billion during four sessions this week.

The market capital hit about EGP 765.1 billion in comparison with EGP 757.1 b...
Germany Hails Egypt's Successful Economic Reform Program
1/12/2019 - Germany's Vice Chancellor and Finance Minister Olaf Scholz has hailed the success achieved in the Egyptian economic reform program.

Scholz was speaking during a meeting with Egyptian Prime Mi...
Mercedes-Benz Seeks Resuming Production in Egypt
1/12/2019 - Mercedes-Benz looks forward to resuming production in Egypt soon, said a senior official of the German company .

The global vehicle manufacturer also considers additional models in Egypt, Mar...
Egypt Eyes 2% Trade Volume with Africa: Minister of Trade and Industry
1/13/2019 - Egypt seeks to increase its trade exchange with Africa to 1.5-2 percent, said Trade and Industry Minister Amr Nassar, who also told a parliamentary committee during a meeting in Cairo about a plan for...
Egypt Minister of Trade and Industry Participates in MENA Investment Conference
1/13/2019 - Minister of Trade and Industry Amr Nassar took part in a panel discussion entitled "Export-led Growth and Managing State-owned Assets," on the sidelines of the third Annual MENA Investor Conference, o...
EGP 115 Bln Allocated For Smes in Egypt: CBE
EGP 115 Bln Allocated For Smes in Egypt: CBE 1/13/2019 - The banking system in Egypt has offered some EGP 115 billion worth of funds to small and medium-sized enterprises, according to the Central Bank of Egypt (CBE).

?An additional EGP 10 billi...
Egypt Eyes 2% Trade Volume with Africa: Minister of Trade and Industry
1/13/2019 - Egypt seeks to increase its trade exchange with Africa to 1.5-2 percent, said Trade and Industry Minister Amr Nassar, who also told a parliamentary committee during a meeting in Cairo about a plan for...
Work Underway to Prepare New Public Finance Bill: Egypt's Finance Minister
1/14/2019 - Minister of Finance Mohamed Maait said that his ministry is working on preparing a new public finance bill as part of a number of regulations it plans to introduce in 2019.

Maait’s remarks...
Investment Ministry: Easing Business Measures to Encourage Firms Expand in Egypt
Investment Ministry: Easing Business Measures to Encourage Firms Expand in Egypt 1/14/2019 - Egypt is keen on easing measures that face investors in the country, such as LG Electronics.

Investment Minister Sahar Nasr, in a meeting with LG Egypt CEO Don Kwak , said her Ministry is a...
NBE Signs 3 Agreements worth € 25 Mln to Finance EPAP III
1/14/2019 - The National Bank of Egypt (NBE) and board directors of three major companies have signed three agreements, worth 25 million euros, to finance the Egyptian Pollution Abatement Program (EPAP) - Phase I...
Egypt & Jordan Sign Supplemental Deals on Natural Gas
1/14/2019 - Petroleum Minister Tareq el Mulla held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects.

During the meet...
Egypt Prime Minister Witnesses Launch of Green River Project in New Capital
1/14/2019 - In the presence of Prime Minister Moustafa Madbouli, construction work started in the Green River area and central park of the New Capital.

The first phase of the Green River project exten...
Egypt Plans $2 Billion Worth of Samurai Bonds
1/14/2019 - Egypt intends to issue $2 billion worth of Japanese yen-denominated bonds in the coming week, two government sources said, part of up to $7 billion in planned foreign bond offers.

Finance Min...
Egypt's Finance Ministry Auctions T-Bills worth EGP 17 Bln
1/14/2019 - The Ministry of Finance auctioned treasury bills at a total value of EGP 17 billion.

In an online statement, the ministry said it sold EGP 8.5 billion of 91-day T-bills with an average yie...
Egyptian Bourse Gains EGP 2.6bn
1/15/2019 - The performance of the Egyptian Exchange (EGX) indexes varied amid selling and purchasing operations by Arab and foreign investors on one hand and local investment funds on the other.

The ma...
Egypt Eyes Better Doing Business Ranking
1/15/2019 - Egypt's Prime Minister Mostafa Mabdouly chaired a meeting of the economic ministerial committee to review the Doing Business 2019 report.

The ministers of social solidarity, investment and i...
Nasr: Egypt Supports Egyptian Investors in Africa
1/16/2019 - Minister of Investment and International Cooperation Sahar Nasr held talks with businessmen investing in African countries.

She discussed with them proposals on the law of the fund encouragi...
Cabinet Holds Weekly Meeting over Political, Economic Files
1/16/2019 - Prime Minister Moustafa Madbouli held the weekly cabinet meeting to review a number of economic, political, social and health files.

The meeting is to tackle several domestic issues, draft...
Biggest Textile City in Sadat City, Egypt to Be Established
1/17/2019 - Minister of Trade and Industry Amr Nassar announced at a press conference the establishment of the biggest city for textile and clothes manufacturing in Egypt in Sadat city, northwest of Cairo.
3rd Ministerial Meeting of Technical Committee Meant to Upgrade Production Capacity of Egypt,China
1/18/2019 - Trade and Industry Minister Amr Nassar said the third ministerial meeting of the technical committee for upgrading production capacity of Egypt and China is meant to boost industrial and investment co...

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