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Financials and Investment News in Egypt

UK Trade Envoy Visits Cairo to Discuss Cooperation Opportunities
6/23/2019 - UK trade envoy to Egypt Sir Jeffrey Donaldson has embarked on a visit to Cairo leading a delegation of representatives of major British healthcare companies.

The two-day visit is the 10th in ...
Egypt, Eurasian Economic Union Can Sign Free Trade Zone Agreement In 2020
6/23/2019 - 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 Can Achieve Growth Rate Over 5%: WB Official
6/23/2019 - Egypt can achieve a growth rate higher than the current 5 percent, said the World Bank's Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships Mahmoud Mohie...
Google Expands Its Team in Egypt: Cattaruzzi
Google Expands Its Team in Egypt: Cattaruzzi 6/23/2019 - Lino Cattaruzzi, managing director of Google business operations in the Middle East and North Africa, said the improved investment atmosphere in Egypt and newly-adopted legislative measures encourages...
Google Expands Its Team in Egypt: Cattaruzzi
Google Expands Its Team in Egypt: Cattaruzzi 6/23/2019 - Lino Cattaruzzi, managing director of Google business operations in the Middle East and North Africa, said the improved investment atmosphere in Egypt and newly-adopted legislative measures encourages...
PM: Sisi Keen on Turning Egypt into Int'l Industrial Base
6/24/2019 -  President Abdel Fattah El Sisi is keen on turning Egypt into an international industrial base not only in the Middle East and Africa, but in the whole world, his prime minister has said.

Mos...
Egypt Can Achieve Growth Rates Over 5% - WB Official
6/24/2019 - Egypt can achieve growth rates over the current 5 %, said the World Bank's Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships Mahmoud, Mohie Eldin.
PM Arrives In Berlin For Arab-German Business Forum
6/25/2019 - Prime Minister Mostafa Madbouli arrived in Berlin to participate in the Arab-German Business Forum.

Being the current edition's guest of honor, Egypt has a special opportunity to promote inv...
27 Egyptian Companies to Partake In Summer Fancy Food Show in New York
6/25/2019 - Egypt's Food Export Council has announced that 27 of major Egyptian food processing companies are participating in 2019 Summer Fancy Food Show, held on June 23-26 in New York.

The items displ...
PM, Germany’s Siemens Officials Discuss Boosting Bilateral Cooperation
6/25/2019 - Visiting Prime Minister Moustafa Madbouli had talks June 25,2019 with officials of Germany’s Siemens company on boosting bilateral cooperation and the company's planned investments in Egypt.

...
Egypt Achieves Highest Economic Growth in 10 Years
6/26/2019 - Planning Minister Hala el Saeed revealed that Egypt has achieved the highest economic growth rate in ten years, backed by a significant increase in investments, which hit 40 percent in the 2019/2020 ...
Egypt Deposits Instrument of Ratification for WTO's Trade Facilitation Agreement
6/26/2019 - Egypt's Permanent Representative to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva Alaa Youssef has deposited Cairo's instrument of ratification...
CBE Launches Initiative for Training African Banking Cadres
CBE Launches Initiative for Training African Banking Cadres 6/26/2019 - The Central Bank of Egypt (CBE) launched an initiative for training African banking cadres in Egypt.

The initiative is launched in line with directives by President Abdel Fattah El Sisi for ...
PM Inspects Several Projects in Al-Alamein New City
6/30/2019 - Prime Minister Moustafa Madbouli directed the authorities concerned to finish the pavement and landscaping of the Corniche of Al-Alamein New City as soon as possible.

The premier made his rem...
Egypt Achieved Stability in Macroeconomic Indicators, Unemployment Rate Dropped
6/30/2019 - Egypt achieved stability in macroeconomic indicators after implementing the economic reform program in 2016, as the economy showed a growth ranging between 4 to 5 percent, the highest rate in 10 years...
WB Praises Egypt's Recent Successes at All Levels
7/2/2019 - A World Bank (WB) official praised recent successes achieved by Egypt at all levels, reiterating the country's ability to make similar achievements in the field of comprehensive health insurance.
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Egypt Reports 6.6% Rise in Exports to Int'l Groups in 2018
7/2/2019 - Egyptian exports to international groups in which Egypt is a member hit $28.7 billion in 2018 against $26.9 billion in 2017, marking a 6.6 percent rise.

In a bulletin on Tuesday, the Central ...
Egypt's Exports to US Up 25.7 Percent In 2018
7/3/2019 - Egypt's exports to the US hit dlrs 1.7 billion in 2018, at a 25.7 percent rise in comparison with 2017.

In a bulletin , the Central Agency for Public Mobilization and Statistics (CAPMAS) said...
Egypt to Launch Short-Selling Of Shares during Q3
7/3/2019 - Egyptian authorities said they would launch the short-selling of shares on the stock market during the third quarter of 2019.

Short-selling means securities can be sold before they are acqui...
US Dollar Exchange Rate Maintains Downward Trend at Egypt's Major Banks
7/3/2019 -  The US dollar exchange rate maintained downward trend during transactions at major banks on Monday, following a period of relative stability.

The dollar value has been steadily decreasing th...

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