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Financials and Investment News in Egypt

Islamic Finance Corporation to Diversify Investment Portfolio in Egypt
Islamic Finance Corporation to Diversify Investment Portfolio in Egypt 10/20/2019 - The CEO of the International Islamic Trade Finance Corporation (ITFC) Hani Salem Sonbol said the ITFC intends to diversify beyond its oil and mining investments in Egypt in order to support the countr...
Egypt's Finance Minister: Government Targeting Boosting Growth, Cutting Inflation in Next Phase
10/20/2019 - Finance Minister Mohamed Maait has said the government's economic reforms during the next phase will focus on enhancing the institutional framework, supporting the current growth path, reducing public...
Saudi's Islamic Development Bank Praises Egypt's Legislative and Economic Reforms
10/21/2019 - President of Saudi Arabia’s Islamic Development Bank (IsDB) Bandar Al-Hajjar has praised the legislative and economic progress that Egypt has achieved and the venture facilities the country introduced...
Egypt Shows Improvements in Infrastructure, Managing Public Funds
10/21/2019 - Egypt has showed an improvement in the fields of infrastructure and managing public funds, a recent report published by Ibrahim Index of African Governance (IIAG) has concluded.

Meanwhile, th...
Egypt Keen on Cooperation with USIDFC
Egypt Keen on Cooperation with USIDFC 10/21/2019 - Minister of Investment Sahar Nasr has stressed Egypt's keenness on cooperation with a newly-established United States International Development Finance Corporation (USIDFC).

The USIDFC is a U...
Worth $1.8 Bln. Egypt & Kuwait Sign 2 Deals for Sinai Welfare
10/22/2019 - Prime Minister Mostafa Madbouli and his Kuwaiti counterpart Sheikh Jaber Al Mubarak Al Hamad Al Sabah witnessed the signing of a $1 billion framework agreement to fund the second phase of Sinai devel...
Kuwaiti PM Lauds Egypt Role Regionally As Pivotal
10/22/2019 - President Abdel Fattah Al-Sisi on Monday received Kuwait's Prime Minister Jaber Al-Mubarak Al-Hamad Al-Sabah, during which they discussed ways to boost bilateral relations between the two brotherly co...
Investment Minister: Egypt Main Member In BRI
10/22/2019 - Minister of Investment and International Cooperation Sahar Nasr on behalf of Prime Minister Mostafa Madbouli, took part in the inauguration of "The Tiplisi Silk Road Forum" held in the Georgian capita...
DGCX Welcomes RAKBANK as New Trade Member
10/22/2019 - The Dubai Gold and Commodities Exchange,DGCX, today announced that RAKBANK has been listed as a new trade member of the Exchange.

The move underpins DGCX’s rapidly growing member community, ...
Russian Industrial Zone Important Stage in Russian-African Cooperation
10/23/2019 - Egypt's Trade and Industry Minister Amr Nassar stressed that the Russian industrial zone, to be set up in Suez Canal Economic Zone, will be the actual gateway for Russian companies to the African mar...
Egypt, Georgia Agree At Silk Road Forum to Increase Economic Cooperation
10/23/2019 - Georgia’s Prime Minister and Minister of Internal Affairs Giorgi Gakharia said his country wanted to increase cooperation with Egypt, particularly in areas of mutual interest and comparative advantage...
Egypt Offers Incentives to Encourage Investments in Maritime Sector
10/23/2019 - Egypt’s Minister of Transport Kamel El-Wazir said the ministry had undertaken a series of measures to attract more investments to the Egyptian maritime sector and encourage more international shipping...
Egypt Offers 2,050 Lots for Industrial Development
10/23/2019 - Egypt released the map of the first phase of industrial lands offered for investment, said the Industrial Development Authority (IDA) head Magdy Ghazy .

The lands are divided into 2,050 lot...
Egypt’s Rank Improved in World Bank’s Index after Reforms
Egypt’s Rank Improved in World Bank’s Index after Reforms 10/25/2019 - Investment Minister Sahar Nasr said that the improvement that Egypt has witnessed in the World Bank’s doing business index was attributed to the reforms implemented and the close cooperation among di...
Nassar Highlights Russian Expertise for Establishing Joint Industrial Projects
10/25/2019 - Egyptian Trade and Industry Minister Amr Nassar underlined the importance of benefiting from the developed Russian industrial expertise.

During a session on Russian-African cooperation, he ...
Africa Active Economic Partner Globally
10/25/2019 - Minister of Finance Mohamed Maait said that Africa enjoyed huge economic potentials which enabled it to integrate with the international economy especially amid the ongoing sustainable development ef...
Cairo, Moscow Discuss Promoting Partnership between Private Sectors
10/25/2019 - Minister of Trade and Industry Amr Nassar held a meeting with head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Aleksandr Shokhin to review Moscow’s investment projects in the Russ...
New Resources Discovered in Gulf of Suez Offshore Egypt
10/25/2019 - Energy group Eni announced the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, where the operating company Petrobel, equally held by Eni and by the Egyptian ...
Assar, Director of 'Minsk Tractor' Company Discuss Manufacturing Tractors
10/26/2019 - State Minister for Military Production Mohamed Saaed el Assar discussed with Director of the Belarusian Minsk Tractor Works (MTZ trademark) company Vitaly Vovk boosting cooperation in manufacturing t...
Assar, Dell Technologies Chief Mull Joint Cooperation
10/26/2019 - State Minister for Military Production Mohamed Saaed el Assar discussed with President of Dell Technologies for Europe, Middle East and Africa Aongus Hegarty prospects of joint cooperation.

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