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Financials and Investment News in Egypt

IMF: Egypt Enjoys Highest Growth in MENA
2/14/2019 - Egypt currently enjoys the highest growth rate among the MENA region and emerging economies, the director of the IMF's Middle East and Central Asia Department said .

Jihad Azour also praised ...
Bourse Gains EGP 11.5 Bln, All Indexes Up
2/15/2019 - The Egyptian Exchange (EGX) gained 11.5 billion pounds this week as the market capital went up 1.4 percent to 827.5 billion pounds compared to 816 billion pounds in the previous week.

The EGX...
Egypt, Kazakhstan Probe Fostering Trade Relations
2/15/2019 - Minister of Trade and Industry Amr Nassar discussed with Kazakh Ambassador to Egypt Arman Isagaliev means of boosting economic, trade and investment cooperation between the two countries in light of t...
Restructuring the Public Sector in Egypt
2/16/2019 - As the Ministry of the Public Business Sector (MPBS) continues to implement its plans to develop 26 public-sector companies in order to optimise their outputs and reduce their losses, the cabinet has ...
SCA: Cairo, Moscow About to End Russian Zone Negotiations
2/16/2019 - Chairman of the Suez Canal Authority (SCA) Mohab Mamish said that his four-day visit to Russia, will include ending negotiations of setting up a Russian industrial zone east of Port Said.

M...
Minister: Chinese Firms Mull Pumping New Investments in Leather Sector
2/16/2019 - Trade and Industry Minister Amr Nassar said that a number of Chinese companies plan to pump new investments in the leather sector in Robiki Leather City, located in Badr City, east of Cairo.

...
Bourse Gains EGP 10.3 Bn
Bourse Gains EGP 10.3 Bn 2/17/2019 - The Egyptian Exchange (EGX) indexes posted collective gains backed by purchases of domestic institutions and investment funds.

The market capital gained EGP 10.3 billion to reach EGP 837.8...
CBE Governor: Sisi Directs to Reduce Interest Rate on Youth Loans
CBE Governor: Sisi Directs to Reduce Interest Rate on Youth Loans 2/17/2019 - President Abdel Fattah El Sisi wants the interest rate on loans to youth to be reduced to 5 percent, Central Bank of Egypt Governor Tarek Amer said.

He was speaking during the launch of the...
Egypt, Cyprus Review Developments in Power Linkage Project
2/17/2019 - Electricity and Renewable Energy Minister Mohamed Shaker had talks with Cypriot Ambassador in Cairo Kharis Moritzis on the latest developments in Egypt's power linkage project with Cyprus and Greece.<...
Sisi Holds Talks with Thyssenkrupp CEO
2/17/2019 - President Abdel Fattah El Sisi had talks with Thyssenkrupp CEO Guido Kerkhoff on the company's work in Egypt, especially in the fertilizers complex project in the Red Sea port city of Ain Sokhna.
<...
Egyptian Stock Market Gains
2/18/2019 - Egypt’s stock market has been on an upward trend since the beginning of the year, something reflected in most of the emerging markets thanks to a weaker dollar and a truce in the trade war between the...
European Banks Offered to do Business in Egypt: CBE Governor
2/18/2019 - The Central Bank of Egypt (CBE) received bids from European banks to pump investments into the Egyptian market, CBE governor Tarek Amer said .

This move proves the European banks’ confidenc...
Egypt, IFAD Sign Agreement on Implementing PRIDE
Egypt, IFAD Sign Agreement on Implementing PRIDE 2/19/2019 - Egypt signed with the International Fund for Agricultural Development (IFAD) an agreement on Promoting Resilience in Desert Environments (PRIDE).

Investment Minister Sahar Nasr signed the dea...
Egypt, Italy Discuss Pumping New Investments in Infrastructure, Transport
Egypt, Italy Discuss Pumping New Investments in Infrastructure, Transport 2/19/2019 - Investment Minister Sahar Nasr had talks with Italian Transport Minister Danilo Toninelli during her visit to Rome.

The Investment Ministry said in a statement that the two sides discussed...
Assar: Participants in IDEX 2019 Speak Highly of Egyptian Products
2/19/2019 - Military Production Minister Mohamed el Assar said that participants in the 2019 IDEX International Defense Exhibition & Conference in Abu Dhabi were pleased by the Egyptian products that were display...
Egypt, Russia Agree to Establish Company to Operate $7bln Russian Industrial Zone
2/19/2019 - The chairman of Egypt's Suez Canal Authority (SCA) and the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish says an agreement was reached with Russia to establish a company to ...
Egypt Begins Receiving Offers for Dollar Bond Sale: Finance Minister
2/19/2019 - Egypt began receiving offers for a dollar bond sale, Finance Minister Mohamed Maait said. The deadline for offers is later on Tuesday, Maait told Reuters.
Trade Minister Meets Kazakhstan’s Ambassador for Cooperation Talks
2/19/2019 - Minister of Trade and Industry Amr Nassar met with Kazakh Ambassador to Egypt Arman Isagaliev to discuss the future of cooperation between the two countries.

Nassar announced, during the mee...
At a Value of $4 Bln.. Egypt Issues Int'l Bonds
2/20/2019 - l bonds at a value of four billion dollars in three categories, according to a statement issued by the Finance Ministry.

The five-, 10- and 30-year bonds will be offered at high revenue rate,...
Egypt, S.Korea Agree on Forming Technical Industrial Committee
2/20/2019 - Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim el Tarras asserted the importance of benefiting from Korean expertise and creating real investment opportunities in several m...

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