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Financials and Investment News in Egypt

Dollar Prices Stable At Major Egyptian Banks
6/14/2019 - The exchange rate of the US dollar was relatively stable during transactions at major banks, after a wave to declines witnessed over the past period that have caused the price of the dollar to drop by...
The Value of Money in Cairo
6/14/2019 - Cairo comes in as the cheapest city of 55 capitals worldwide for someone to go out on a date, with five dates in Cairo costing the same as just one in Zurich.

Moreover, monthly transportation...
Egypt, France Discuss Boosting Cooperation in Energy Sector
6/15/2019 - Petroleum Minister Tareq el Molla discussed with French Minister of State for Europe and Foreign Affairs Jean-Baptiste Lemoyne means of boosting cooperation between the two countries, especially in th...
Egypt, Ufm Discuss Phytosanitary Measures
6/15/2019 - An Egyptian high-level delegation of the Trade and Industry Ministry, headed by the ministry's adviser Magda Shahin, partook in meetings organized in Brussels by the European Commission and the Union ...
Egyptair Receives Third Boeing 787-9 Dreamliner Jet
6/16/2019 - Egyptian flagship carrier EgyptAir received on Saturday June 15, 2019 the third Boeing 787-9 Dreamliner jet as part of a plan to buy six jets of the same model.

The company will receive the r...
Egypt Leadership Keen on Ensuring Constant Observance of Int'l Agreements: Manpower Minister
6/16/2019 - Minister of Manpower Mohamed Saafan reviewed Egypt's efforts to comply with international labor standards.

This came during a meeting of the international labor standards committee held on th...
WB Appreciates Egypt's Success in Implementing Economic Reform Program - IFC VP
6/17/2019 - Vice President of the International Finance Corporation (IFC) Hans Peter Lankes said the World Bank highly appreciates Egypt's remarkable achievements in its economic reform program and its fruitful p...
$200 Bln Injected Into Egyptian Banking Sector Since 2016: CBE Governor
6/17/2019 - Central Bank of Egypt (CBE) Governor Tarek Amer said that some $200 billion hasbeen injected into the Egyptian banking sector to support the country's economy since November 2016.

Speaking to...
500 Mln Euros Allocated For Egypt-EU's 4-Year Cooperation Plan: PM
6/17/2019 - Prime Minister Mostafa Madbouly said 500 million euros have been allocated to put into force a cooperation plan between Egypt and the European Union over the coming four years.

Focusing on Eg...
Egypt in $500 Million Settlement with Israel Electric Corp
6/17/2019 - Egypt has signed a $500 million settlement with state-owned Israel Electric Corp over a defunct natural gas deal, the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS) said...
Sweden Seeks To Increase Coop. With Egypt - Secretary to Foreign Trade Minister
6/18/2019 - Sweden’s State Secretary to the Minister for Foreign Trade Niklas Johansson said his country aims to promote cooperation with Egypt in the field of electricity and renewable energy.

He made ...
Belarus President: Cooperation with Egypt Progressing
6/18/2019 - President Alexander Lukashenko said that economic cooperation with Egypt has been progressing in the recent period.

In his speech while welcoming Egyptian President Abdel Fattah El Sisi upon...
CBE Launches 1st Financial Technology Portal to Support Digital Transformation
CBE Launches 1st Financial Technology Portal to Support Digital Transformation 6/19/2019 - The Central Bank of Egypt (CBE) said the first national financial technology portal has been launched.

In a statement, the CBE said the portal is part of ongoing efforts to transform Egypt in...
Egypt Exports to Tanzania Hit 75% Increase in 2018
6/20/2019 - Egypt's exports to Tanzania witnessed a remarkable growth in 2018, Egyptian Ambassador to Tanzania Mohamed Gaber Abul Wafa said.

The ambassador made his remark as an Egyptian delegation, incl...
CBE: EGP 140 Bn Allotted To Support Small, Medium-Sized Enterprises
6/21/2019 - The banking sector has allocated some EGP 140 billion to support micro, small and medium-sized enterprises as part of an initiative launched by the Central Bank of Egypt (CBE) in 2016, CBE deputy gove...
Attracting Foreign Investment to Egypt: Correcting Misperceptions
6/21/2019 - Foreign direct investment (FDI) into Egypt fell to $6.8 billion in 2018, down from $7.4 billion the previous year, according to the UN Conference on Trade and Development (UNCTAD) 2019 World Investmen...
Egyptian-American Agreements Hit $600M Since 2014
6/22/2019 - Egyptian-American agreements signed under the US economic assistance program since 2014 has reached nearly $600 million, according to Egypt’s Ministry of Investment and International Cooperation.
<...
Egypt, EAEU Can Sign Free Trade Zone Agreement in 2020
6/22/2019 - Russian Minister of Industry and Trade Denis Manturov said the free trade zone agreement between Egypt and the Eurasian Economic Union (EAEU) can be signed in 2020.

"I believe there is a cha...
Egypt, Hungary Discuss Boosting Coop. In Manufacturing LED Light Bulbs
6/22/2019 - Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim el-Tarass discussed in a meeting with Hungarian Ambassador to Egypt Péter Kveck and CEO of Tungsram Group Joerg Bauer means ...
Finance Ministry Auctions EGP 18 Bln T-Bonds
6/22/2019 - The Ministry of Finance auctioned treasury bonds at a total value of EGP 18 billion.

In an online statement, the ministry said it auctioned 182-day T-bonds worth EGP 8.750 billion, with an av...

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