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Financials and Investment News in Egypt

Investment Minister, US Delegation Tour New Administrative Capital
Investment Minister, US Delegation Tour New Administrative Capital 10/11/2019 - Minister of Investment and International Cooperation Sahar Nasr, accompanied by a US delegation of Senators and Congressmen from South Carolina state, made a tour of the New Administrative Capital .
WB: Egypt’s Real GDP Growth Reached 5.6% In FY19
10/11/2019 - The World Bank has said that Egypt’s real GDP growth reached 5.6% in FY19, up from 5.3% in FY18.

According to a WB report on Egypt’s economic update in October 2019, data for the first nine...
Egypt to Set Up Accounting System for Foreign Direct Investments
10/13/2019 - Egypt's Ministry of Investment and International Cooperation has inked a cooperation protocol to account for the foreign direct investments (FDI) that have been flowing into Egypt in recent years.
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IMF Positive about Egypt’s Economic Trajectory
10/13/2019 - Egypt has successfully completed the three-year arrangement under the Extended Fund Facility and achieved its main objectives, according to the fifth and final International Monetary Fund (IMF) review...
Egypt's Sisi Forms Committee to Amend Public Business Sector Law
10/13/2019 - President Abdel Fattah El Sisi issued a presidential decree No.526/2019 on the formation of a committee tasked with amending the regulating law of the public business sector companies.

The co...
PM, GK Head Discuss Medical Cooperation
10/13/2019 - Prime Minister Mostafa Madbouli chaired a meeting attended by Chairman of GK Swiss medical company Kamal bin al Jellany, Investment Minister Sahar Nasr along with Health Minister Hala Zayed.

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Egypt's Financial Regulatory Authority to Establish Regional Centre for Sustainable Finance
10/14/2019 - Egypt's Financial Regulatory Authority (FRA) approved on Monday the establishing of the Regional Centre for Sustainable Finance (RCSF), which aims to accelerate the shift to a sustainable and green ec...
Egypt’s Economic Growth Rate Tops the Region with 5.7% Due to Successful Economic Reforms
10/14/2019 - The Egyptian cabinet's media centre published an infograph showing Egypt’s growth rate at the top of regional countries, becoming one of the highest in the world despite the global growth slowdown. E...
Nasr Flies to Washington to Attend IMF, World Bank Meetings
10/14/2019 - Minister of Investment and International Cooperation Dr Sahar Nasr left for the United States on a few days' visit to take part in annual meetings of the International Monetary Fund and the World Ban...
EGX Indexes Show Mixed Performance
EGX Indexes Show Mixed Performance 10/14/2019 - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading, amid the current mood of optimism driven by Central Bank of Egypt's decision to lower interest rates.

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Egypt's Core Inflation to Reach 8% by End of 2019, Interest Rates to Decline By 0.5%:
10/14/2019 - Egypt's economic indices are witnessing significant progress driven by the increase in public sector investments, a slow down price hikes, the curbing of the budget deficit, and restructuring the subs...
Global Value Chains Support Needed For International Trade to Thrive: World Bank
10/15/2019 - Global value chains (GVCs) are necessary for the global economy in the current age, as they have the ability to boost global trade and help the global economy thrive again, according to the World Bank...
PM: Egypt to Offer Investment Incentives to Attract US Companies Into Egyptian Market
10/16/2019 - Prime Minister Mostafa Madbouli said that the Egyptian government will offer investment incentives to attract US companies into the Egyptian market.

At a meeting with US Secretary of Commerce...
PM Meets DFC Chief Over Cooperation Prospects
10/16/2019 - Prime Minister Mostafa Madbouli met with CEO of the newly-established United States International Development Finance Corporation (DFC) Adam S. Boehler.

The premier expressed Egypt's aspirati...
Egypt Can By Investment, Development Conf. Continues Sessions for 2nd Day
10/16/2019 - The fifth edition of Egypt Can conference continued its second-day sessions with the participation of 65 Egyptian expats who achieved successes abroad in the fields of development and investment.
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GACIC CEO Praises Economic Growth in Egypt
10/16/2019 - Chief Executive of the German-Arab Chamber of Commerce and Industry Jan Noether asserted that Egypt has made great steps over the past years, noting that the Egyptian economy has reached a stable stag...
PM: Praises Egypt's Keenness on Launching Technical Support Program With IMF
10/16/2019 - President of the World Bank Group David Malpass hailed Egypt's keenness on launching the technical support program with the International Monetary Fund to protect the economic success that has been re...
PM: Investment in Egypt Opens Door to Exports to Various Regions
10/16/2019 - Prime Minister Dr Mostafa Madbouli said the Egyptian market is a promising one and investment in Egypt allows for exports to various regions through the free trade agreements between Egypt and world c...
IMF: Unpaid Work Accounts for 35% of a Country's GPD,
10/16/2019 - Unpaid work, such as caring for children, the elderly, and household chores represents a significant share of economic activity but is not counted as part of the GDP, according to a work paper release...
Egypt, World Bank to Increase Cooperation
10/16/2019 - Egypt's Minister of Investment and International Cooperation Sahar Nasr said Egypt was interested in benefiting from the World Bank (WB) experience in digital transformation, especially that the WB al...

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