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Financials and Investment News in Egypt

Medaf Investments Plans to Gain 50% of E-Payment Market Share and Penetrate African Market
9/18/2019 - MEDAF Investments Holding has announced that it targets gaining a market share ranging between 30 and 50 percent of the electronic payment (e-payment) sector in the Egyptian market, in addition to pen...
Egypt’s Economy Needs More Foreign Investments
9/19/2019 - Egypt needs to focus on attracting more foreign investments, capitalising on the economic reform programme that positively affected the business sector and contributed to the development of projects, ...
Egypt Most Attractive African Country to Invest in 2020
9/20/2019 - Rand Merchant Bank has chosen Egypt as the best destination for investments in the African continent in 2020.

Egypt has for the third year in a row topped the list of the top ten investment d...
Egypt, Hungary ink MoU on boosting industrial cooperation
9/20/2019 - Egypt and Hungary inked a memorandum of understanding on boosting industrial cooperation.

Minister of Trade and Industry Amr Nassar and Hungarian Minister of State for Parliamentary Affairs L...
Egypt, S. Sudan Discuss Promoting Economic Cooperation
9/20/2019 - Minister of Finance Mohamed Maait discussed with South Sudanese Minister of Finance and Economic Planning Salvatore Garang means of boosting financial and economic cooperation between the two countrie...
Council of Governors Reviews Transport Ministry's Projects
9/20/2019 - The Council of Governors reviewed, during its meeting a number of Ministry of Transport's projects including a project for developing the railway crossings and stations nationwide.

The counci...
Volume of Trade Exchange between Egypt, US 5.3bln Dollars within 7 Months
9/20/2019 - The volume of trade exchange between Egypt and the US increased within the first seven months of 2019 to reach 5.35 billion dollars in comparison to 4.47 billion dollars in the same period in 2018, Eg...
Egypt, Italy Sign EGP 360mn Deal to Establish Ten Farm Silos
9/20/2019 - Egypt and Italy signed an agreement to establish ten vertical farm silos and apply the information and communications technology (ICT) system to enhance wheat management sector at a cost of EGP 360 mi...
Madbouli Opens Investor Service Center in Port Said
9/20/2019 - Prime Minister Moustafa Madbouli opened the Investor Service Center in Port Said governorate in the presence of Investment Minister Sahar Nasr and Port Said Governor Adel el Ghadban along with a numb...
Egypt, EU Discuss Funding Agricultural Projects
9/21/2019 - Minister of Agriculture and Land Reclamation Ezz Eddin Abu Steit has discussed with EU Ambassador in Cairo Ivan Surkos the bloc-funded agricultural projects, as part of the 2020 Egyptian-European part...
Egypt to Host Meetings of Emerging Markets, WFE for First Time
9/22/2019 - Chairman of the Financial Regulatory Authority (FRA) Mohamed Omran said that Egypt will host meetings of emerging markets in the Greater Middle East (GEM) region and the World Federation of Exchange...
Egypt-US Trade Exchange Up 8 Percent in 1st Half of 2019
9/22/2019 - The volume of trade exchange between Egypt and the US hit $ 3.7 billion in the first half of 2019 against $ 3.4 billion in the corresponding period in 2018, according to the Central Agency for Public ...
Egypt’s Planning Ministry Aims to Increase Country’s Workforce to 31.7 Mln in FY 2019/2020
9/22/2019 - Egypt’s Ministry of Planning, Monitoring, and Administrative Reform has announced the sustainable development plan’s second year objectives for Egypt’s labour force and unemployment rates in fiscal ye...
Egypt's Non-Petroleum Exports Hit $1.9 Bln in August
9/23/2019 - Egypt's non-petroleum exports have increased by 75 million dollars in August to reach 1.964 billion dollars against 1.619 billion dollars in the corresponding month last year, said the General Organiz...
Economic Ministerial Committee Reviews Structural Reform Program
9/23/2019 - Prime Minister Mostafa Madbouli on Sunday chaired a meeting of the Economic Ministerial Committee to review a structural reform program aiming to push the national economy forwards in line with Egypt ...
Volume of Trade Exchange Between Egypt, China Hits $7.69 Billion in Seven Months
9/23/2019 - China's General Administration of Customs said the volume of trade exchange between Egypt and China hit $7.69 billion from January to July; a 2.1% rise on annual basis.

In a statement on Mond...
Thomas Cook Operator in Egypt Says 25,000 Bookings Cancelled Following Bankruptcy
9/23/2019 - Thomas Cook operator Blue Sky Group said that 25,000 reservations in Egypt booked up to April 2020 had been cancelled after the British tour group announced bankruptcy.

In a statement sent to...
EGX Gains EGP 13 Billion
9/25/2019 - The Egyptian Exchange (EGX) indexes went up after what analysts termed as "unjustified drop."

The market capital recorded gains estimated at EGP 13 billion to reach EGP 678.4 billion.

...
Monetary Policy Committee to Review Central Bank of Egypt Interest Rates Thursday
9/25/2019 - The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is to convene its monthly meeting to announce its decision on whether interest rates will be cut or fixed for deposits and lending.
5 And 10-Year T-Bonds Succeeded Due To Egypt’s Economic Strength: Cabinet
9/25/2019 - The Egyptian cabinet’s media centre said on Wednesday that investors are eager to purchase the five- and 10-year treasury bonds (T-bonds), which reflects Egypt’s economic strength and the success of t...

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