Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Egypt's Non-Petroleum Exports Increase, Imports Decrease
9/25/2019 - Egypt’s non-petroleum exports increased by three percent during the past eight months in comparison to the same period the year before, stated the report on non-petroleum foreign trade indices publish...
Egyptian Stocks Rise Nearly 2.5% After 8 Days of Falls
9/25/2019 - Egyptian stocks climbed nearly 2.5% after eight sessions of falls on the back of purchases from Arab and foreign buyers.

The main EGX30 index was up 2.38% at 13,483.15, as of 1000 GMT .
WB Chief Underscores Int’l Confidence in Egyptian Economy
WB Chief Underscores Int’l Confidence in Egyptian Economy 9/26/2019 - President of the World Bank (WB) David Malpass has underlined growing international confidence in the Egyptian economy despite the slow growth of world economy and political turmoil in the Middle East...
World's Second-Largest Container Vessel Transits Suez Canal for the First Time
9/26/2019 - The World's second-Largest Container Vessel " MSC ISABELLA" of 234.000 TEUs and a gross tonnage of 23656 tons transited the Suez Canal on Wednesday for the First Time, Admiral Osama Rabie, Chairman of...
Cabinet Okays Bill on Restructuring Industrial Chambers
9/28/2019 - The Cabinet approved during its weekly meeting a bill on reestablishing and restructuring all 19 industrial chambers that existed at the time when law no. 70/2019 has been issued on structuring the Fe...
Sisi Follows Up Progress in Housing, Utilities Projects
9/29/2019 - President Abdel Fattah El Sisi instructed the government to keep up efforts to complete its housing and utilities projects on time and in conformity with the agreed upon quality standards.

Th...
Sisi Follows Up Gov't Efforts to Upgrade Spinning and Weaving Industry
Sisi Follows Up Gov't Efforts to Upgrade Spinning and Weaving Industry 9/29/2019 - President Abdel Fattah El Sisi has urged the government to continue its efforts for upgrading Egypt's spinning and weaving industry to regain its prominence.

This came during a meeting the Pr...
Arab-African Investment Conference Kicks off in Cairo
9/29/2019 - An Arab-African investment conference kicked off at the Arab League premises with representatives and figures from 34 Arab, African, European and Asian countries attending.

The four-day ga...
Egypt Witnesses Unprecedented Digital Transformation - MCIT
9/29/2019 - Egypt witnesses an unprecedented digital transformation, as nearly 174 digital government services will be offered in Port Said by the end of 2019, the Ministry of Communications and Information Techn...
Beltone Financial Holds a Conference on Egyptian Investment
9/30/2019 - Beltone Financial Holding holds a conference for promoting investment potentials in Egypt.

The 13th edition of the conference is expected to bring speakers from the Central Bank of Egypt, E...
EGX Egypt Gains LE 20.9 Bln
EGX Egypt Gains LE 20.9 Bln 9/30/2019 - The Egyptian Exchange (EGX) indexes posted collective gains morning transactions, due to stability in the country and the Central Bank of Egypt's (CBE) decision to lower the interest rates for the sec...
Account Deficit Rose to $8.2 Billion in FY 2018/2019: CBE
10/1/2019 - The Central Bank of Egypt has announced that the balance of payments recorded an overall deficit of $8.2 billion during FY 2018/2019, as the overall surplus of $1.7 billion during the second half of t...
Egypt, China to Manufacture Electric Vehicle Charging Stations
10/1/2019 - The Military Production Ministry signed a memorandum of understanding with China's SSE company and Marathon International Limited on building a factory for manufacturing electric vehicle charging stat...
Egypt Not Facing any Problem in Paying off Debts: CBE
10/1/2019 - Egypt doesn't face any problem in paying off its debts and external dues, affirmed the Central Bank of Egypt (CBE) Deputy Governor Rami Abulnaga.

All the dues are being paid back on time, Abu...
Moody's: Egypt's GDP Growth Expected to Reach 5.8% in 2020
10/1/2019 - Moody's financial services company said Egypt's Gross Domestic Product (GDP) growth is expected to reach 5.6 percent in 2019 and 5.8 percent in 2020, supported by the Central Bank of Egypt's decision ...
Egypt Launches Gosoor Project to Boost Intra-Trade With African Countries
10/1/2019 - Egypt's Minister of the Public Business Sector Hisham Tawfik announced on Tuesday that the shipping line between Ain Sokhna Port and Mombasa Port in Kenya will start operating on 14 October as part of...
Egypt Operator Owed $7.7 Million By Thomas Cook: Chairman
10/1/2019 - Thomas Cook has dues of 125 million Egyptian pounds ($7.7 million) to local operator Blue Sky Group, Blue Sky’s chairman Hossam El-Shaer said .

Shaer did not give further details. Thomas Cook...
Central Bank of Egypt Reserves Reach Highest Ever Level, at $45 Bln
Central Bank of Egypt Reserves Reach Highest Ever Level, at $45 Bln 10/2/2019 - The Central Bank of Egypt (CBE) announced that net international reserves recorded an all time high of $45.117 billion at the end of September 2019, up from $44.969 billion in August.

Accordi...
UK Companies to Increase Investments in Egypt's Education, Health Care Sectors
10/2/2019 - A group of British companies visiting Egypt for an official investment forum have announced that they will inject further investments into education, health care, renewable energy and transportation p...
Leading British Companies Discuss Investment in Egypt
10/2/2019 - Investment Minister Sahar Nasr joined the British Ambassador in Egypt Geoffrey Adams and fifteen leading British companies for the first British Investors, Forum, held at the British Embassy in Cairo....

Accounting, Statistics Asset Portfolio Management Economics/Financial Analysis Gas Export General Investment Mergers and Acquisitions
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.