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Financials and Investment News in Egypt

Egypt's August Inflation Rate Falls to 7.5% Y/Y, Lowest in Years
9/10/2019 - Egypt’s annual urban consumer price inflation rate decreased to 7.5% in August, the lowest rate in years and seen by analysts as opening the way for further rate cuts by the central bank.

Th...
IMF: Middle East, Africa Less Affected By Surge in Global Trade Uncertainty
9/10/2019 - The IMF’s trade policy uncertainty index has been rising sharply since the beginning of trade tensions been the US and China in 2018, having been stable for about 20 years, a new report says, but the ...
Middle East, Africa Less Affected By Surge in Global Trade Uncertainty: IMF
9/10/2019 - The IMF’s trade policy uncertainty index has been rising sharply since the beginning of trade tensions been the US and China in 2018, having been stable for about 20 years, a new report says, but the ...
Kuwaiti Editor in Chief Praises Right Course of Egyptian Economy
9/11/2019 - Editor in chief of Kuwait's "Assiyasa" newspaper Ahmed al Jarallah has said that the Egyptian economy is progressing on the right track, citing unprecedented declines in inflation rates over the past ...
Egypt, World Bank Sign $500 Million Agreement to Fund Social Safety Programmes
9/11/2019 - Egypt’s Ministry of Investment and International Cooperation inked an agreement with the World Bank worth $500 million to fund the second phase of the Takafol and Karama socials safety programmes. Pr...
Egypt’s investment ministry offers investors 107 units for industrial purposes
9/11/2019 - Egypt’s Ministry of Investment and International Cooperation announced offering to investors 107 fully finished industrial units with all facilities available in Met Ghamr industrial zone in Dakahliya...
EGX Indexes Show Mixed Performance, Benchmark Up 0.39%
EGX Indexes Show Mixed Performance, Benchmark Up 0.39% 9/11/2019 - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading amid sales by Egyptian investors.

However, purchases prevailed in the transactions of Arab and foreign i...
Egypt, China Discuss Cooperation to Manufacture Electric Cars
9/11/2019 - Egypt's Minister of the Public Business Sector Hisham Tawfik discussed with Chinese Industry and Information Technology Minister Miao Wei cooperation in manufacturing electric cars through developing...
Telecom Egypt, Ericsson Ink Deal to Build Joint Training Centre
9/11/2019 - Telecom Egypt (TE) has signed a cooperation agreement with Swedish telecommunications company Ericsson to establish a joint training centre and innovation lab for young people.

The deal seeks...
Planning Ministry Joins Egypt’s Delegation Tour in USA
9/15/2019 - Ministry of Planning and Follow up, represented by Assistant Planning Minister for Follow-up of Implementing Sustainable Development Plan Gamil Helmi and a General Manager in the Infrastructure sector...
PM Inaugurates 43rd Session of Council of Arab Central Banks Governors & Arab Monetary Associations
9/15/2019 - Prime Minister Mostafa Madbouli inaugurated the 43rd session of the Arab Central Banks Governors and Arab Monetary Associations with the participation of more than 200 Arab bankers, central banks' gov...
Egypt's Supply Ministry to Kick Off First Trade Forum With Italy on Sunday
9/15/2019 - Egypt's Minister of Supply Ali Moselhi will kick off the first trade forum between Egypt and Italy in the Italian city of Naples.

A big number of Egyptian and some 200 Italian companies are s...
Imf Official: Arab Countries Need 28 Mln Job Opportunities Over Upcoming 7 Years
9/16/2019 - Director of the International Monetary Fund (IMF) Middle East and Central Asia Department Jihad Azour said the Arab countries need to provide more than 28 million job opportunities during the upcoming...
PM To Attend Arab Media Forum in March
9/16/2019 - Governors of Arab central banks and monetary institutions applauded Egypt's successful economic reform, which helped restore investors’ confidence.

This came during the 43rd session of the Ar...
Arab Central Banks' Governors Laud Egypt's Successful Economic Reform Experience
9/16/2019 - Governors of Arab central banks and monetary institutions applauded Egypt's successful economic reform, which helped restore investors’ confidence.

This came during the 43rd session of the A...
UK to Support Investment in Egypt With £13 Million
9/16/2019 - British Secretary of State for Middle East and North Africa Andrew Morrison said that the UK will provide Egypt with £13 million through the World Bank as part of a four-year extension of a technical ...
Arab Central Banks' Governors Laud Egypt's Successful Economic Reform Experience
9/16/2019 - Governors of Arab central banks and monetary institutions applauded Egypt's successful economic reform, which helped restore investors’ confidence.

This came during the 43rd session of the A...
Egypt on Right Track' for Digital Transformation, Say E-Commerce Summit Speakers
9/17/2019 - Speakers at Egypt’s E-Commerce Summit agreed that the country is on the right track in terms of its planned digital transformation, and also highlighted its potential for a strong e-commerce sector.
Investment, Trade Ministers Open New Production Line of Dutch Farm Frites
9/18/2019 - The ministers of investment and trade opened a new production line of the Dutch Farm Frites company in the 10th of Ramadan City in Sharqia governorate.

The new line will be established on an...
Egypt 'on The Right Track,' But Needs to Better Market Its Potential: Prime Group's Tamer Wagih
9/18/2019 - In an exclusive interview, the head of Prime Group Tamer Wagih told Ahram Online that the economic reforms Egypt has embarked on in 2016 are “painful” but essential for the economy to thrive.

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