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Financials and Investment News in Egypt

Trade, Industry Minister Meets UNIDO Chief in St. Petersburg
6/9/2019 - Egypt is committed to strengthening cooperation with the UN Industrial Development Organization (UNIDO) as a strategic partner, Minister of Trade and Industry Amr Nassar said .

In a statement...
Suez Canal Breaks Records, Transfers EGP 74 Bln to State Treasury
6/9/2019 - Egypt's finance ministry said the Suez Canal Authority (SCA) has provided the state treasury with EGP 74 billion in the 2018/2019 fiscal year. The figure is historically the highest, the ministry add...
Egypt's Sisi Ratifies KWD 70 Mln Loan Deal to Fund Bahr El Baqar Drainage System
6/9/2019 - President Abdel Fattah El Sisi has issued presidential decree no. 507/2018 approving a loan agreement between the Egyptian government and the Arab Fund for Economic and Social Development (AFESD).
...
Egypt Dismisses Reports On Fuel Prices Hike!
6/10/2019 - The Finance Ministry denied reports on fuel prices hike, saying that a fabricated Facebook page with the logo of the ministry had claimed such rumors.

"This news is baseless," the ministry...
Egypt's Sisi Directs Gov't Bodies to Provide All Resources to Ensure Success of 2019 AFCON
6/10/2019 - Egyptian President Abdel-Fattah El-Sisi has directed government bodies to make available all the necessary resources to ensure the success of the upcoming Africa Cup of Nations (AFCON), which Egypt is...
Egyptian Parliament's Budget to Increase to EGP 1.55 Billion Next Fiscal Year
6/10/2019 - A report said that the budget of Egypt’s parliament will be increased by EGP 151 million in the new fiscal year, which begins on 1 July, to EGP 1.551 billion ($93 million).

Hussein Eissa, th...
Egypt Sells $715 Million in One-Year Dollar T-Bills
6/10/2019 - Egypt sold $715 million worth of one-year dollar-denominated treasury bills , the Central Bank of Egypt said. The average yield was 3.877%, the bank said. The auction will be settled on Tuesday, t...
A British Bank:Egypt To Achieve Comprehensive Financial Reforms
6/10/2019 - Egypt is on the right track to achieve comprehensive financial and economic reforms, and spending-led growth estimated at 5 percent of GDP, Britain's Standard Chartered Bank said.

In a recent...
Trade Exchange Between Egypt, Ghana Hits USD 108.3 Mln in 2018
6/10/2019 - Trade exchange between Egypt and Ghana recorded 108.3 million dollars last year, according to a report by the Egyptian trade representation office.

Egyptian exports to Ghana increased by 65.5...
Dollar Exchange Rate Continues Downward Trend at Egypt's Major Banks
6/10/2019 - The US dollar exchange rate continued its downward trend during transactions at major banks .

At the National Bank of Egypt, the dollar rate went down by two piasters recording EGP 16.71 for...
Egypt on Track To Achieve Comprehensive Financial, Economic Reforms: Standard Chartered Bank
6/10/2019 - Egypt is on the right track to achieve comprehensive financial and economic reforms, and spending-led growth estimated at 5 percent of GDP, Britain's Standard Chartered Bank said .

In a recen...
Bourse Gains EGP 10.2 Bln
Bourse Gains EGP 10.2 Bln 6/11/2019 - The Egyptian Exchange (EGX) indexes posted collective gains , backed by purchases of local institutions and investment Funds.

The market capital gained EGP 10.2 billion to reach EGP 761.1 bil...
Fitch Launches 1st Int’l Credit Academy, Certification in Egypt
6/11/2019 - Fitch Learning, part of Fitch Group, announced launching its international Credit Academy and certification in Egypt for the first time locally in Partnership with MASAR.

The institution sai...
PM Follows Up Manufacturing of Tablet Devices in Egypt
6/11/2019 - Prime Minister Mostafa Madbouli chaired a meeting to follow up the manufacturing of tablets in Egypt.

The meeting was attended by Minister of State for Military Production Mohamed El Assar,...
PM Follows Up Equipping Industrial Parks with Facilities
6/11/2019 - Prime Minister Mostafa Madbouli stressed that industry promotion tops the agenda of President Abdel Fattah El Sisi who tasked the government with developing an online industrial map encompassing all i...
Annual Inflation Rate in Egypt Up 1% in May: CAPMAS
6/11/2019 - The annual inflation rate in Egypt went up by 1 percent in May, according to the monthly statement issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) .

On a monthly ...
Under Sisi's Auspices... 'Builders of Egypt Forum' Will Kick Off June 16th
Under Sisi's Auspices... 'Builders of Egypt Forum' Will Kick Off June 16th 6/12/2019 - The Fifth session of the Builders of Egypt Forum will kick off Sunday under the patronage of President Abdel Fattah El Sisi.

As many as 14 African heads of construction federations will take ...
Projects Financed By African Bank in Egypt Fruitful - Official
6/12/2019 - Vice President of the African Development Bank Khaled Sherif said all projects financed by the bank in Egypt are fruitful within the framework of the successful economic program carried out by the Egy...
CBE Governor Receives African Banker Award For 2019
CBE Governor Receives African Banker Award For 2019 6/12/2019 - Governor of the Central Bank of Egypt (CBE) Tarek Amer has received the African Banker Award for the year 2019, said a statement by the CBE

The award is granted to the best governor of an ...
African Anti-Corruption Forum to Conclude in Egypt's Sharm El-Sheikh
6/13/2019 - President Abdel-Fattah El-Sisi inaugurate the first African Anti-Corruption Forum (AACF) in Sharm El-Sheikh, with more than 200 senior officials from 48 African countries and nine international organi...

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