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Financials and Investment News in Egypt

CBE Keeps Interest Rates on Deposits, Loans Unchanged
7/12/2019 - The Central Bank of Egypt (CBE) decided to keep the overnight deposit rate and overnight lending rate unchanged at 15.75 percent and 16.75 percent respectively.

The decision was made by the C...
Damietta Port receives 10 Ships
7/12/2019 - Damietta Port received over the past 24 hours three container ships and seven cargo vessels, the Damietta Port Authority Media Center said in a statement .

The statement added that two contai...
Egypt’s Economic Reforms Helped in Introducing Comprehensive Health Insurance Program
7/12/2019 - Minister of Finance Mohamed Maait said that Egypt’s comprehensive health insurance program is one of the fruits of the ambitious economic reforms that it has been implementing.

He noted whil...
Egypt Ranked Third In Global Economic Growth
7/13/2019 - Egypt notched up to the third place in The Economist's list for the most accelerated economic growth globally in the first quarter of 2019, the cabinet's media center said .

The British mag...
Egypt Investment Minister Meets with Top UK Officials to Encourage More British Investments in Egypt
Egypt Investment Minister Meets with Top UK Officials to Encourage More British Investments in Egypt 7/13/2019 - During her visit to the UK, Egypt’s Minister of Investment and International cooperation Sahar Nasr met with a number of top British officials, discussing the different means of bolstering British inv...
Cooperation between Egypt, EU Resulted in 8 Logistic Areas
7/14/2019 - The Ministry of Supply and Internal Trade confirmed that cooperation with the European Union (EU) to support investment began with the opening of 8 logistic areas with all services, goods and a hotel....
Mamish: SC Zone New Platform to Serve Int'l Trade
7/14/2019 - Chairman of the Suez Canal Economic Zone Mohab Mamish has said that the SC Zone is considered a new platform to serve international trade and provide integrated industrial and logistics services.
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German Investments in Egypt Hit $11 Billion
7/14/2019 - Emad Ghaly, head of the German-Arab Chamber of Industry and Commerce (GACIC), said Berlin is a major investment partner of Cairo in several projects, noting that Germany’s investments in Egypt are nea...
Planning Minister Meets E-Finance Company Members
7/14/2019 - Minister of Planning, Monitoring and Administrative Reform Dr Hala El Saeed held a meeting with Chairman and Managing Director of e-finance company Mr Ibrahim Sarhan and a number of the managing board...
African Development Bank: $3.3 Bln Offered For Egypt National Projects Since 2015
7/14/2019 - The African Development Bank (AfDB) said it has funded more than 50 projects in Egypt since 2015 at total costs of $3.3 billion.

The projects covered fields including power, energy, irrigatio...
Egypt-Jordan Trade Balance Jumps to $408.6 Mln in 4 Months
7/14/2019 - The volume of trade exchange between Egypt and Jordan from January to April jumped to reach $408.6 million with an increase of 108.2 percent compared to the corresponding period in 2018.

The...
Egypt Looks Forward to Boosting Economic Ties with US - Sisi
Egypt Looks Forward to Boosting Economic Ties with US - Sisi 7/16/2019 - President Abdel Fattah El Sisi said boosting trade and investment cooperation with the United States would give a push to joint action at all levels.

Receiving Myron Brilliant, executive US ...
Planning Ministry Participates In “Governance for Sustainable Development Goals”
7/17/2019 - Ministry of Planning, Monitoring and Administrative Reform, represented by Ahmed Kamali deputy of the minister for planning affairs has participated in the sideline event organized by Organisation for...
Egyptian Economy Achieved 5.6% Growth
7/17/2019 - The Egyptian economy has achieved in 2018/2019 its highest growth rate in years, registering 5.6 percent, said the Finance Ministry .

The remark was made at a Cabinet weekly session under P...
Egypt: Govt Hit the Target from Economic Reforms - PM
7/17/2019 - Prime Minister Mostafa Madbouli stressed that the government hit the target from the economic reforms it carried out to push forward the national economy.

For the first time in years, the go...
Cabinet Follows Up Launch of Gov't Portal for Investment Zones
7/18/2019 - The cabinet, under Prime Minister Mostafa Madbouli, presided over a meeting to follow up arrangements for the pilot launch of the government portal for industrial investment zones in Egypt.

...
Foreign Holdings in Egyptian Treasuries Stands at $19.2 Bln: Finance Ministry Official
7/19/2019 - Foreign holdings in Egyptian treasuries stood at $19.2 billion till mid-June, Deputy Finance Minister Ahmed Kouchouk announced .

Foreign interest in Egyptian securities has been recovering ...
CBE Trains over 100 Bankers from 20 African Countries under Sisi’s Directives
CBE Trains over 100 Bankers from 20 African Countries under Sisi’s Directives 7/19/2019 - The Central Bank of Egypt (CBE) has carried out a training program for more than 100 bankers from 20 African countries under President Abdel Fattah El Sisi’s directives to boost cooperation with Afric...
Egypt's Inflation Rate Fell To 9.4% in July 2019
7/19/2019 - Finance Minister Mohamed Maait confirmed that Egypt has started to reap the benefits of the economic reform program announced by the government in 2016, noting that the annual inflation fell to its lo...
Egypt's Finance Ministry to Inventory Untapped State Assets
7/20/2019 - Egypt's finance ministry said a plan was developed to protect public funds, maximize state revenues and raise the efficiency of public spending.

In a statement, the ministry said its repres...

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