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Financials and Investment News in Egypt

Finance Ministry to Inventory Untapped State Assets
7/20/2019 - The Ministry of Finance 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 represen...
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...
EGP 6 Bln to Subsidise Exports in FY 2019/20, Says Egypt's Trade Minister
7/21/2019 - The Export Development Fund (EDF) has announced the new terms and regulations for the provision of subsidies to the export sector, which has been suffering since the flotation of the Egyptian pound in...
Investment Minister Meets CEO of Al Iktisaad Wal Aamal Group
7/21/2019 - Minister of Investment and International Cooperation, Sahar Nasr held a meeting with CEO of Al Iktisaad Wal Aamal Group, Mr. Raouf Abou Zaki. They discussed the improvement of economy taking place in ...
PM Issues National Press Authority Statute
7/22/2019 - Prime Minister Moustafa Madbouli issued the statute of the National Press Authority.

Under the eighth-article statute, the authority is entitled to run all national press institutions and ta...
Egyptian Pound Second Best Performing Currency in 2019
7/22/2019 - The Cabinet's information center said the Egyptian pound is the second best performing currency in 2019 in accordance with a Bloomberg report on currencies performance.

The center published ...
Egypt's Finance Ministry Auctions EGP 18.7 Bln in T-Bonds
7/22/2019 - The Ministry of Finance auctioned treasury bonds at a total value of EGP 18.750 billion.

In an online statement, the ministry said it auctioned 91-day T-bonds worth EGP 9 billion, with an av...
PM Meets WB Mission on Assessing Business Performance
7/23/2019 - Prime Minister Moustafa Madbouli held a meeting with a mission of the World Bank to assess the business performance in Egypt.

The meeting reviewed the efforts of the government to improve ...
PM Welcomes Decision of Germany’s Wintershall to Increase Investments in Egypt
7/23/2019 - Prime Minister Mostafa Madbouli has welcomed the decision of Wintershall, a German company operating in oil field, to increase investments in Egypt.

Madbouli had a meeting with Wintershal...
Authorized By Madbouli, Cabinet Hold Its Weekly Session
7/24/2019 - The cabinet held its weekly session under Prime Minister Mostafa Madbouli to discuss political, economic and social files.

The ministers will discuss a number of draft laws and ministerial d...
PM Witnesses Signing of Protocol between Investment, Communication Ministries
7/24/2019 - Prime Minister Mostafa Madbouli witnessed the signing of a cooperation protocol between the Ministry of Investment and International Cooperation and the Ministry of Communications and Information Tec...
Authorized By Madbouli, Cabinet Hold Its Weekly Session
7/24/2019 - The cabinet held its weekly session under Prime Minister Mostafa Madbouli to discuss political, economic and social files.

The ministers will discuss a number of draft laws and ministerial d...
FDA Braces to allocate €100 Mln to Boost Egypt’s Transportation Sector
7/24/2019 - Egypt’s Minister of Transport Kamel El-Wazir urged French companies to maximise their projects in the transportation sector in Egypt, especially because the two countries have successful cooperation e...
Egypt's GDP Growth Expected to Slow to 5.5% in FY 2019/20
7/24/2019 - Egypt’s economic growth is expected to slow to 5.5 percent in the fiscal year FY 2019/20, reaching 5.8 percent in the coming fiscal year, according to a recent poll of economists done by Reuters.
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Saudi-Chinese Partnership to Establish Aluminum Complex in Egypt
7/25/2019 - Egypt's Minister of Trade and Industry has announced that one of the biggest industrial groups in China is set to establish an aluminium manufacturing industrial complex in Egypt in partnership with t...
PM Sets Up a Project of Industrialized Plastics in Alex
7/25/2019 - Prime Minister Moustafa Madbouli inspected a project to set up the Plastics Industries Complex in Mergham district of Alexandria.

During his tour, the premier lauded the pace of implementing...
PM Has a Look on Alex Nile Linen Group
7/25/2019 - Prime Minister Moustafa Madbouli inspected the factory of Nile Linen Group company in Alexandria public free zone.

The company is specialized in producing and manufacturing fabrics and ga...
PM Meets VP of Asian Infrastructure Investment Bank
7/25/2019 - Prime Minister Mostafa Madbouli received Vice President of the Asian Infrastructure Investment Bank (AIIB) DJ Pandian at the new government headquarters in New Alamein City.

The visit of the...
The Strategic Cooperation Among Eastern Med Countries:
7/26/2019 - The head of the parliament’s energy and environment committee Talaat El-Sewedy said the ministerial meeting of the East Mediterranean Gas Forum (EMGF), hosted by Egypt, delivers a clear message to the...
Sczone Achieves Record Revenues
7/27/2019 - Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year, noting that the zone is working to maximize its revenues be...

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