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Financials and Investment News in Egypt

Trade Min. Opens 16th Edition of Furnex & Home Exhibition
2/21/2019 - Trade and Industry Minister Amr Nassar opened the 16th edition of the annual Furnex and Home Exhibition that will last till February 24.

The exhibition is held under the aegis of President A...
Egypt, Afdb Sign EGP 80m Grant Deal to Support Entrepreneurship
2/21/2019 - Egypt signed with the African Development Bank (AfDB) a deal on the latter's offering of an 80-million-pound grant for developing entrepreneurship.

Investment and International Cooperation Mi...
Cabinet Approves Agreements with France to Finance Social Projects
2/21/2019 - The cabinet approved during a meeting on Wednesday under Prime Minister Mostafa Madbouli a number of important decisions topped by two presidential draft resolutions on agreements between the governme...
Trade Min. Announces Re-Formation of Egyptian Side in Egypt-UAE Business Council
2/21/2019 - Trade and Industry Minister Amr Nassar issued a decision re-forming the Egyptian side in the Egyptian-UAE Business Council, under the chairmanship of Etisalat-Misr CEO Eng. Gamal Anwar el Sadat.
Memish: Russian Investors Enthusiastic for Investment in Suez Canal Corridor
2/21/2019 - Head of the Suez Canal Authority Mohab Memish Wednesday described his current visit to Russia as successful and fruitful, asserting that establishing the Russian industrial zone in Egypt will be of gr...
Egypt, Slovenia Probe Means of Fostering Agricultural Cooperation
2/23/2019 - Minister of Agriculture and Land Reclamation Ezz el Din Abu Steit discussed with Slovenian Ambassador to Egypt Mateja Prevolsek means of bolstering agricultural cooperation between the two countries.<...
Egyptian Gov’t Delegation to Visit Seoul Next Week
2/23/2019 - An Egyptian government delegation will visit South Korea’s capital Seoul early next week to discuss means of fostering bilateral cooperation in various economic, trade and investment fields, Minister ...
ICT Minister Leaves for Barcelona to Attend GSMA MWC 2019
2/24/2019 - Minister of Information and Communications Technology (ICT) Amr Talaat left for Spain leading a high-ranking delegation to take part in proceedings of the GSMA Mobile World Congress (MWC) 2019 in Bar...
Trade Exchange between Egypt, EU States Registered €28bn in 2017
2/24/2019 - The volume of trade exchange between Egypt and the European Union states rose to €28 billion in 2017, compared to €17.4 billion in 2007, the cabinet media center said .

The figures were discl...
Planning Ministry Participates in Indian Workshop
2/25/2019 - The Ministry of Planning participates in a five-day workshop organized by the Indian government on the citizens' charter.

In a statement Planning Minister Hala el Said said the workshop - whi...
Assar, VP of Brandenburg Parl't Discuss Implementing Joint Ventures
2/25/2019 - State Minister for Military Production Mohamed Saaed el Assar discussed with Dieter Dombrowski, the vice-president of Brandenburg’s state parliament, implementing joint ventures.

He also had...
Migration Minister: "Egypt Can" Investment Conference to Kick Off
2/25/2019 - Minister of State for Migration Nabila Makram said that "Egypt can" investment conference will kick off on June 12.

In press statements Monday, the minister said she is happy at cooperation w...
Military Production Min. Opens Artificial Turf Factory
2/25/2019 - Military Production Minister Mohamed Saaed el Assar and Youth and Sports Minister Ashraf Sobhi inaugurated a factory for manufacturing artificial turf "Captex" in Hikestep area.

This will be...
Egypt's Beltone Financial Pays Settlement to End Suspension of Underwriting Unit
2/25/2019 - Egypt’s Beltone Financial Holding has paid a settlement of 16 million Egyptian pounds ($914,800) to end the suspension of its underwriting unit.

Egypt’s financial regulator in November susp...
Procter and Gamble Mulls Expansion in Egypt, Africa
2/26/2019 - Minister of Trade and Industry Amr Nassar has met with Tamer Hamed, Procter and Gamble (P&G) Near East marketing director, to discuss the company’s future expansions in the Egyptian market.

...
South Korean Giant Samsung Aims to Expand in Egypt
2/26/2019 - South Korean tech giant Samsung said it aims to expand production lines in Egypt for home appliances and mobile phones, a statement by the Egyptian investment and international cooperation ministry sa...
Cairo, Seoul Agree on Pumping Korean Investments to Suez Canal EEZ
Cairo, Seoul Agree on Pumping Korean Investments to Suez Canal EEZ 2/27/2019 - Minister of Investment and International Cooperation and Board Chairman of the General Authority for Investment and Free Zone (GAFI) Sahar Nasr and President and Chief Executive Officer of the Korea T...
PM Chairs a Committee on Review of Industrial Lands Allocation
2/27/2019 - Prime Minister Mostafa Madbouli chaired a meeting of a committee on reviewing the allocation of state-owned lands to industrial purposes to investors according to specified conditions and standards.<...
Banker: Egypt’s Maait, African Finance Minister of 2019
2/27/2019 - Mohamed Maait of Egypt has been named the African finance minister of the year 2019 — beating contenders from all other countries in Africa, including Nigeria, The Banker said.

He won the awa...
South Korea Seeks to Increase Volume of Investments in Egypt: South Korean PM
2/27/2019 - South Korean Prime Minister Lee Nak-yeon expressed his country's appreciation for having distinguished relations with Egypt in view of its vital role in maintaining stability and peace in the Middle E...

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