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Financials and Investment News in Egypt

IMF: 4th Review for Egypt's Extended Fund Facility Arrangement within Weeks
1/26/2019 - Managing Director of the International Monetary Fund (IMF) Christine Lagarde said Friday the IMF staff team has now finalized the details required to present the fourth review for Egypt's Extended Fun...
CEO: Philips Lighting Has Plans to Expand in Egyptian Market
1/26/2019 - Philips Lighting has an ambitious plan to expand in the Egyptian market and increase production rates to meet the market’s huge demands, said Eric Rondolat, the CEO of the Dutch electronics giant.
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Egypt Is Interested In Multilateral Trading System
1/26/2019 - Trade and Industry Minister Amr Nassar said that Egypt is interested in a multilateral trading system and applying a just global trade system out of the global trade's key role in improving living sta...
Take off on the Horizon: Weighing up Egypt's IPOs
1/26/2019 - Official statements are indicating that the government’s initial public offerings (IPOs) programme to privatise some state-owned companies may be inching towards take-off.

Head of Egypt’s sto...
Planning, Immigration Ministries Sign Cooperation Protocol for Sdgs
1/27/2019 - Planning Minister Hala el Said and Immigration Minister Nabila Makram signed a cooperation protocol to implement sustainable development goals, raise social awareness and secure jobs for youths.
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Egypt Bourse Gains Over 13 EGP Bln in Morning Trading
Egypt Bourse Gains Over 13 EGP Bln in Morning Trading 1/27/2019 - The Egyptian Exchange (EGX) indexes experienced gains morning amid varied positive news reports including a one on an IMF loan payment to Egypt soon.

The market capital won more than EGP 13 ...
Egypt Hits 66th Environmental Performance Index 2018
1/28/2019 - Egypt jumped from the 104th position in 2016 to 66th in the 2018 Environmental Performance Index (EPI) issued by the Yale Center for Environmental Law and Policy, Planning Minister Hala el Saeed .
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Egypt to Issue Green and Asian Currency Bonds For First Time in 2019
1/28/2019 - Egypt will issue new green bonds and Asian currency-denominated bonds for the first time in addition to dollar and Eurobonds in the fiscal year 2018/19, the finance ministry said .

Four inter...
Ministry Of Finance Is Set to Issue Dollar and Euro Denominated Bonds at International Markets Over
1/29/2019 - Ministry of Finance also plans to issue eco-friendly "Green Bonds", and for the first time international bonds denominated in one of the Asian currencies.

Ministry of Finance has put in tende...
WB Allocates $7.3-Billion Funding For Egypt, Promises Further Future Investments
1/29/2019 - Head of World Bank’s Sustainable Development Projects for Egypt, Yemen and Djibouti, Ashish Khanna, said the funding granted to Egypt currently stands at $7.3 billion, while talks are underway to have...
Egypt, France Ink 32 Agreements
Egypt, France Ink 32 Agreements 1/29/2019 - As many as 32 agreements were signed during the economic investment forum, co-hosted by the Ministry of Investment and International Cooperation and the French Chamber of Commerce and Industry in Eg...
Volume of Trade Exchange between China, Egypt Hit $13.8 Billion in 2018
1/29/2019 - The volume of trade exchange between China and Egypt in 2018 hit $13.8 billion with a 27.7 percent annual increase, the Chinese General Administration of Customs said.

Last year, Chinese ex...
Egypt Discusses Cooperation with French Pharmaceutical Company Sanofi
1/29/2019 - Egypt discussed cooperation with French multinational pharmaceutical company Sanofi on the sidelines of French President’s Emmanuel Macron’s first visit to the country.

According to a stateme...
Egypt's Foreign Remittances Up 5.7 Pct in First 11 Months of 2018
1/29/2019 - Egypt’s remittances from workers abroad rose 5.7 percent to around $23.3 billion in the first 11 months of 2018, the central bank said

. The remittances, which are one of the country’s main s...
ICT Minister, Orange CEO Discuss Increasing Investments
1/30/2019 - Minister of Information and communications technology Amr Talaat met with Orange Chief Executive and Chairman Stephane Richard.

The meeting mulled increase the size of the worldwide mobile op...
Suez Canal Authority: 61 Ships Transit Suez Canal
1/30/2019 - Sixty-one ships crossed the Suez Canal on Wednesday with a total cargo of 4.7 million tons.

The south-bound convoy included 29 vessels carrying 2 million tons, while the north-bound one in...
Egypt to Offer Foreign-Currency Bond This Quarter, Minister Says
1/30/2019 - Egypt plans to issue foreign-currency bonds in early 2019 to raise $3 to $7 billion, Finance Minister Mohamed Maait said The offering will take place in February or March, Maait told Reuters.
Egypt’s Garment Exports Hit $1.5 Bln In 2018
1/31/2019 - Egypt’s garment exports went up 9.5 percent to reach 1.598 billion dollars in 2018, up from 1.459 billion in 2017, the Ready-made Garments Export Council of Egypt said .

The US ranked first...
Egypt GDP Grew By 5.5 Pct in Oct-Dec Quarter: Ministry
1/31/2019 - Egypt’s gross domestic product grew by 5.5 percent in the period from October to December 2018, compared with 5.3 percent during the same period a year earlier, the planning ministry said .

E...
PM witnesses signing a cooperation protocol between Social Housing & Finance Ministry
1/31/2019 - Prime Minister and Minister of Housing Moustafa Madbouli attended the signing of a cooperation protocol between the Ministry of Finance and the Social Housing Fund to provide social housing units.

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