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Financials and Investment News in Egypt

Morsi Meets with Tafwik Bin Fawzan
9/11/2012 - Egypt President Mohamed Morsi met with Saudi Arabia's Minister of Trade and Industry to discuss $8.5 billion in potential investments in Egypt by the oil-rich kingdom. Trade minister Tafwik Bin Fawzan...
Egyptian Prime Minister Received Iraqi Ambassador
9/12/2012 - Prime minister received Mr. Nezar khair Allah Iraqi ambassador in Cairo. The meeting tackled mutual relations, supporting cooperation, the expansion in the current projects. Iraqi ambassador congratul...
Egyptian-US Partnership in Energy Projects
9/12/2012 - Minister of Electricity Mahmoud Balba’a discussed during a meeting with the U.S. businessmen delegation on 11/9/2012 the possibility of investment in establishing partnerships to boost local productio...
Morsi Receives Saudi Trade Minister
9/12/2012 - President Mohamed Morsi met on 11/9/2012 with Saudi Trade and Industry Minister Tawfiq al-Rabia. The minister is accompanied by 36 Saudi businessmen to probe investments opportunities in Egypt. The me...
Qandil: National Program for Economic Reform
9/13/2012 - The Egyptian government under Prime Minister Hisham Qandil reviewed the security, tourism and economic files in a meeting held on 12/9/2012. The government will focus on luring more investments and re...
EU Pledges 500m Euro for Egypt Conditional on IMF Agreement
9/13/2012 - The European Union offered Egypt macroeconomic assistance of 500 million euros, as well as between 150 and 200 million euros towards economic recovery, the president of the European Commission said. J...
Egypt MPs Attack 'forbidden' IMF Loan
9/13/2012 - Egyptian parliamentarians have renewed their attacks on government plans to take a $4.8 billion loan from the International Monetary Fund, with some Islamist figures claiming such borrowing is against...
Dr Hisham Kandel Received Kuwaiti Minister of Finance
9/13/2012 - Prime minister received Mr. Nezar khair Allah Iraqi ambassador in Cairo. The meeting tackled mutual relations, supporting cooperation, the expansion in the current projects. Iraqi ambassador congratul...
EU to Offer 5 Billion Euros to Egypt
9/14/2012 - European Commission President José Manuel Barroso said on 13/9/2012, after meeting President Mohamed Morsi that the EU will offer five billion Euros to back small-sized projects in Egypt, expressing r...
US to Offer $ 450 Million for Egypt’s Budget
9/14/2012 - Planning and International Cooperation Minister Ashraf al-Arabi said that the United States government will respond to offer $ 450 million grant in support for Egypt's state budget as well as negotiat...
OPEC to Lend Egypt $30mn to Boost Food Security
9/14/2012 - The OPEC Fund for International Development (OFID) has approved a concessional loan for Egypt worth $30 million to modernise irrigation infrastructure, boost food security and alleviate poverty for ap...
L.E. 8,000 per Ton as Export Fees on Scrap Copper Exports
9/14/2012 - Egypt's Minister of Industry has directed applying L.E. 8,000 per ton as export fees on scrap copper exports. The development was necessitated to close backdoors of smuggling raw copper abroad deprivi...
Wealth of Former Egyptian Interior Minister Estimated at $3bn
9/15/2012 - Egypt's former minister of interior Habib El-Adly reportedly owns 42 palaces and villas, 75 feddens and a 'fleet' of luxury cars, state-owned Al-Ahram daily newspaper reported. Al-Ahram has obtained o...
Egypt to See $1bn in Italian Investments
9/15/2012 - Egyptian President Mohamed Morsi's visit to Italy has borne fruit, with Rome agreeing to invest a total of 800 million euros ($1.04 billion) in Egypt, the state-owned Al-Ahram newspaper reported on Sa...
Turkey to Provide Egypt with $2 Billion in Finance
9/16/2012 - Turkey has agreed during a visit by Egyptian officials to Istanbul to provide Egypt with a $2 billion financing package, Egypt's finance minister said on Saturday. Egypt's new government has been seek...
Two Billion Dollars Package of Turkish Aid to Egypt
9/16/2012 - Minister of Finance Momtaz El Saeid said an agreement has been reached with Turkey on offering an aid package of two billion dollars to Egypt for supporting Egypt's foreign exchange reserve and financ...
Egypt Stocks Rocket 3 pct as US Embassy Clashes End
9/16/2012 - Egyptian stocks rocketed back into the green after violent demonstrations outside Cairo's US embassy came to an end and trade swelled to its highest level since mid-2011. A marketwide rally saw the be...
Italy Agreeing to Invest $1 Billion in Egypt
9/16/2012 - Egyptian President Mohamed Morsi's visit to Italy has borne fruit, with Rome agreeing to invest a total of 800 million euros ($1.04 billion) in Egypt, the state-owned Al-Ahram newspaper reported. The ...
Hatem Saleh: Strikes Threaten National Economy
9/17/2012 - Speaking to Al-Ahram newspaper, Industry and Foreign Trade Minister Hatem Saleh said that the ministry of industry is carrying out a full dressed plan of incentives which will be applied in the field ...
LE 110 Bn to Get Rid of Garbage
9/17/2012 - Prime Minister DR. Hisham Qandil approved to allocate the sum of LE110 million to get rid of garbage. LE 70 million allocated for governorates and LE 40 million for the governorate of Giza, Maj.Gen. A...

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