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Financials and Investment News in Egypt

Can Fintech Help Egypt Achieve Financial Inclusion?
2/6/2019 - Ahram Online spoke to Jing Zhou, president of Pintec Technology Holdings, who participated last week in the Banking Technology North Africa Summit in Cairo, to learn how digital technologies can help ...
Egypt's Bourse Gains EGP 14.4 Bln
Egypt's Bourse Gains EGP 14.4 Bln 2/6/2019 - The Egyptian Exchange (EGX) indexes posted collective gains backed by purchases of local institutions.

The market capital gained EGP 14.4 billion to reach EGP 812.1 billion amid transactio...
Egypt, US Discuss Prospects of Cooperation in Gas, Petroleum Fields
2/8/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed with US Charge d’Affaires in Cairo Thomas H. Goldberger prospects of bilateral cooperation in the coming stage in line with Egypt’s...
Omran: 2022 Strategy for Development of Non-Banking Financial Sector Supports National Economy
2/8/2019 - Head of the Financial Regulatory Authority (FRA) Mohamed Omran stressed that the 2022 strategy for the development of the non-banking financial sector aims at supporting national economy.

...
Egypt, Tanzania Discuss Establishing Joint Model Farm
2/8/2019 - Minister of Agriculture and Land Reclamation Ezz Eddin Abu Steit has discussed with Tanzanian officials means of boosting cooperation in the agricultural field, including a proposal to establish a joi...
PM Reviews with TEC Program for Promoting Egyptian Exports
2/8/2019 - Prime Minister Mostafa Madbouli chaired a meeting with the members of the Textile Export Council (TEC) to discuss their visions on a program for boosting exports and view major challenges facing the s...
Lower Gas Imports, High Tourism Revenues, and T-Bills: Keeping the Egyptian Pound Stable
2/8/2019 - The executive board of the International Monetary Fund (IMF) completed its fourth review of Egypt’s economic reform programme this week, a condition of its $12 billion loan.

The completion of...
IMF Chief Warns of High Arab Public Debt
2/9/2019 - Public debt has rapidly increased in many Arab countries since the 2008 global financial crisis, due to persistently high budget deficits, the International Monetary Fund warned . "Unfortunately, the ...
Egypt, S.Korea Sign Coop. Protocol on RDF Production
2/9/2019 - Minister of Military Production Mohamed el Assar witnessed the signing of a cooperation protocol between the National Organization for Military Production (NOMP) and South Korea's J.S.T company specia...
Cooperation Protocol Inked Between Renewable Energy Authority, EGOTH
2/9/2019 - Public Business Sector Minister Hisham Tawfiq and Electricity Minister Mohamed Shaker witnessed the signing of a cooperation protocol between the New and Renewable Energy Authority and the Egyptian Ge...
IMF Managing Director Lagarde Praises Egypt's Economic Reforms
2/9/2019 - The Managing Director of the International Monetary Fud (IMF) Christine Lagarde said that the Egyptian economy has good potential for growth, praising the fundamental financial and monetary reforms t...
PM To Inaugurate EGYPS 2019
2/10/2019 - Prime Minister Moustafa Madbouli will inaugurate Egypt Petroleum Show "EGYPS 2019" on behalf of President Abdel Fattah El Sisi at Cairo International Convention & Exhibition Center, Petroleum Ministe...
Egypt Receives €18m Grant from EU to Finance 6 Projects: Minister
2/10/2019 - Egypt received grants worth €18 million for six development projects as part of the first phase of the European Union (EU) Cross Border Cooperation (CBC) program, Minister of Investment and Internatio...
Egypt Sells $1.014 Billion in One-Year Dollar T-Bills - Central Bank
2/11/2019 - Egypt sold $1.014 billion worth of one-year dollar-denominated treasury bills at an average yield of 3.797 percent, the central bank said.

The auction will be settled on Feb. 12. Egypt sold...
1,090 Projects with Capital of $12.1 Bln in Free Zones
1,090 Projects with Capital of $12.1 Bln in Free Zones 2/12/2019 - Investment and International Cooperation Minister Sahar Nasr said that the number of ventures in free zones reached 1,090 ones with capital worth $12.1 billion and foreign direct investment of $2.1 bi...
IMF: Egypt Has Big Opportunity to Make Progress in Financial Inclusiveness Field
2/12/2019 - IMF regional director Gehad Azour said choosing Egypt as a venue for launching the financial inclusiveness report on small and medium-scale projects came as a result of being one of the biggest rising...
FEI Chief: Egypt Is First Arab, African Country to Join International Business Alliance
2/12/2019 - Chairman of the Federation of Egyptian Industries (FEI) Mohamed Zaki el Sewedy voiced happiness over representing Egypt as the first Arab and African country to join the international business allianc...
Egypt's Bourse Gains EGP 6bln
Egypt's Bourse Gains EGP 6bln 2/12/2019 - The Egyptian Exchange (EGX) indexes posted collective gains , backed by purchases of local and Arab investors amid a state of anticipation of Dutch Vion Company's acquisition of Egypt's Global Telecom...
El-Saeed Inspects Egyptian Pavilion at Expo 2020 Dubai
2/13/2019 - Minister of Planning Hala el Saeed and a delegation from the Ministry of Trade and Industry inspected preparations done for establishing the Egyptian pavilion in Expo 2020 Dubai.

Expo 2020 ...
Egypt, Germany Sign $250-Mln Agreement to Back Reform Program Economic
2/13/2019 - Egypt and Germany signed a 250-million-dollar agreement to boost the Egyptian social and economic reform program.

The sum is the second tranche of a 500-million-dollar soft loan allocated by ...

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