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Financials and Investment News in Egypt

Egyptian Gov’t Keen on Encouraging, Boosting Investors
9/6/2012 - Minister of Industry and Foreign Trade Hatem Saleh has asserted that the government was keen on encouraging national, Arab and foreign investors to increase their current investments and pump new ones...
Qandil Meets EBRD Chief
9/7/2012 - Prime Minister Hisham Qandil met on 06/09/2012 with managing director of the European Bank for Reconstruction and Development (EBRD) Hildegard Gacek. The meeting, also attended by the finance and deve...
Initiative to Develop, Upgrade Small Projects in Egypt
9/7/2012 - Industry and Foreign Trade Minister Hatem Saleh said on 06/09/2012 the government is keen on boosting small and medium-sized industries. The Minister, in an inauguration ceremony of the 13th internati...
US Debt Relief Plan for Egypt Could Go to Congress Soon
9/7/2012 - The Obama administration hopes to go to Congress soon with a plan for using $1 billion in debt relief to help Egypt stabilize its economy and expand its private sector, a senior U.S. State Department ...
Hisham Qandil Inspects Abu el-Nomros Water Plant
9/8/2012 - Prime Minister Hisham Qandil inspected on 07/09/2012 the water plant it Abu el-Nomros district of Cairo. Qandil and Minister of Drinking Water and Sanitation Utilities Abdel Qawi Khalifa followed up w...
5 bn Meters of Lands Available for Industrial Investments
9/9/2012 - Industry and Foreign Minister Hatem Saleh said on 8/9/2012 the ministry is to allocate 5 million square meters of lands for industrial investments in 9 zones. The Minister pointed out these lands will...
Ashraf el-Arabi Meets Jica Vice President
9/9/2012 - Minister of Planning and International Cooperation Ashraf el-Arabi discussed Saturday with visiting Vice President of the Japan International Cooperation Agency (JICA) Kiesh Koder cooperation and frie...
Bilateral Relations between Egypt and Italia
9/9/2012 - Minister of Planning and International cooperation Ashraf el-Arabi assessed on 8/9/2012 with Director-General for Development Cooperation at the Italian Foreign Affairs Ministry Elisabetta Belloni the...
Egypt Campaigners Launch New Salvo against IMF Loan
9/9/2012 - Egyptian campaigners launched a fresh salvo against government plans to borrow from the International Monetary Fund (IMF), claiming further foreign loans would mean repeating the "economic disasters" ...
Dr Kandel Speech in American Chamber of Commerce Conference
9/9/2012 - Dr Kandel announced that Egypt opens the door for investors for mutual benefit and achieving prosperity he mentioned that 'we are seeking to achieve democracy and promotion in Egypt'. The conference w...
Egypt PM Eyes Growth, Deficit Cut
9/9/2012 - Prime Minister Hisham Qandil expects the Egyptian economy to grow by 3-4 per cent in the 2012/13 financial year and potentially hit the government target of 4-4.5 per cent if its goals for public and ...
Qandil: IMF Program "Homegrown", its Interest very Low
9/10/2012 - In an interview with Reuters, Prime Minister Hisham Qandil defended the loan program that Egypt seeks to conclude with the International Monetary Fund, referring to the program as "homegrown" and its ...
Momtaz El-Said: No Change in Gov’t Policy towards IMF Loan
9/10/2012 - Minister of Finance Momtaz El-Said affirmed that the government police towards the International Monetary Fund (IMF) did not change noting that an IMF loan is considered a certificate of merit for the...
Hisham Qandil: Egypt Opens its Doors to Investors
9/10/2012 - In a statement before 117 US businessmen representing 50 major companies, Prime Minister Hisham Qandil announced that Egypt is a safe country that opens its doors to investors to achieve common intere...
Hani Mahmoud Discusses Technology Role in Solving Problems
9/11/2012 - Minister of Communication and IT Hani Mahmoud discussed with a visiting US trade delegation ways of creating an atmosphere capable of attracting communication and IT investments. The two sides revised...
Egyptian & Qatari Investments
9/11/2012 - The board of the Egyptian-Qatari Business Council was approved. The Egyptian side includes Moharram Helal as president, as well as former Arab Contractors president Ibrahim Mahlab, businessman Ahmed A...
Egypt Enters the Era of Car Manufacturing
9/11/2012 - Finance Minister Momtaz al-Saeid said that the government seeks to achieve an annual growth rate between 4 and 4.5 per cent this year, he said, noting that the rate may increase gradually to reach mor...
Talks with Saudi Arabia on Establishing Projects
9/11/2012 - Intensive talks were held during the past few hours with the aim of enhancing Arab and foreign investment in Egypt. Fifty Saudi Investors and Businessmen under Dr. Tewfik Al Rabeia the Saudi Minister ...
Samsung to Build LE1.7bn Plant in Egypt
9/11/2012 - South Korean electronics giant Samsung will invest LE1.7 billion ($279.3m) building its first Egyptian plant in Beni Suef in a move that will create 1,400 new jobs. Samsung signed a contract with Egyp...
Egypt Offers $ 657 Million of T-Bonds
9/11/2012 - Egypt will offer 4 billion Egyptian pounds, $657 million, of treasury bonds after the government said it is looking to double economic growth in the year that ends in June. The nation’s dollar bonds r...

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