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Financials and Investment News in Egypt

Egypt Might Take Out another IMF Loan by March If Needed: Finance Minister
10/27/2019 - Minister of Finance Mohamed Maait told Ahram Online that Egypt might opt for a new IMF loan deal by March if needed.

Maait said the government has not decided yet if it will sign new agreeme...
Sisi Directs To Prioritize Job-Creating Investments
10/27/2019 - President Abdel Fattah El Sisi has ordered to prioritize job-creating investments, particularly for youths.

Sisi on Saturday had a meeting with Prime Minister Mostafa Madbouli, Planning Min...
Egypt the Most Attractive African Market For Fdis with $3.6 Bln
10/28/2019 - The United Nations Conference on Trade and Development (UNCTD) announced that Egypt is the biggest foreign direct investment (FDI) attractive in Africa during the first half of 2019.

UNCTD...
Egypt's GAFI Introduces New Facilities in Mit Ghamr Investment Zone
Egypt's GAFI Introduces New Facilities in Mit Ghamr Investment Zone 10/28/2019 - The General Authority for Investment and Free Zones (GAFI) approved new facilities for investors who purchased the statements of work of the 107 industrial services units in Mit Ghamr investment zone....
Egypt's Non-Petroleum Exports Increase By 3%
10/28/2019 - According to Egypt's foreign trade indices report, released by Egypt's General Organisation for Export and Import Control , Egypt's imports have slightly decreased, recording $51.399 billion, down fro...
MENAP Growth Slows, Outlook Risks Rise: IMF
10/28/2019 - Global trade tensions, volatile oil prices, geopolitical disorders, and domestic vulnerabilities are having a negative impact on the growth of the Middle East, North Africa, Afghanistan, and Pakistan ...
Bourse Gains EGP 600 Mln
10/28/2019 - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading , amid sales by foreign investment funds and institutions and local individual investors.

The market cap...
Zayed Announces A Strategy to Upgrade Medical Education
10/28/2019 - Health and Population Minister Hala Zayed announced the launch a ministerial strategy to upgrade Egypt's vocational medical education system.

This came during a press conference at the minis...
Minister: Forum on Achieving Sustainable Development in Arab World to Be Held in Egypt
11/2/2019 - Planning Minister Hala el Saeed said that Egypt will hold an Arab Sustainable Development Week forum to highlight its efforts in this regard.

Held under the theme of partnership for sustai...
PM - Egypt Seeks to Engage in 4th Industrial Revolution PM
11/3/2019 - Prime Minister Mostafa Madbouli said November 2,2019 the industry sector represents a key pillar of sustainable development, as attracting investments, increasing manufacturing capacity and competing ...
Egypt Participates in Second China International Import Expo
11/3/2019 - Egypt will take part in the Second China International Import Expo due to be held in Shanghai on Nov 5,2019.

Twenty-three Egyptian companies will participate in the exhibition this year, dis...
3rd Edition of Arab Sustainable Development Week Kicks Off
11/3/2019 - The third edition of the Arab Sustainable Development Week kicked off under the sponsorship of President Abdel Fattah El Sisi.

Themed "Integrated Partnership for Sustainable Future", the fou...
European Bank for Reconstruction and Development to Ink New Projects in Egypt
11/4/2019 - First Vice President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink is scheduled to pay a three-day visit to Egypt to sign agreements on new projects.

The b...
CBE: Egyptian Expat Remittances Increase to $4.4 Bln
11/4/2019 - The Central Bank of Egypt (CBE) announced that remittances from Egyptians expatriates have increased by 5.5 percent ($227.1 million) in July and August 2019, recording $4.4 billion, up from $4.2 billi...
IMF Size of Informal Economy Declines Globally, Needs More Incentives to Be Contained
11/4/2019 - The size of the informal economy, according to its share of the GDP, has fallen gradually across all regions globally from 1991 to 2017, according to a recent chart published by the International Mone...
1st Edition of Egytraffic-Africa Expo Kicks off in Cairo
11/5/2019 - Egypt has made unprecedented progress in improving and upgrading its national road and railway networks, Minister of Trade and Industry Amr Nassar said .

The minister made his remarks durin...
DFM Posts Net Profit of AED 95.5 Million in First Nine Months Of 2019
11/6/2019 - The Dubai Financial Market, DFM, today announced its financial results for the first nine months of the year ending 30th September, 2019, registering a net profit of AED95.5 million, an eight percent ...
CBE Governor: Banking Sector Set to Pump EGP 4 Trillion into Egypt’s Projects
11/7/2019 - The Egyptian banking sector enjoys huge liquidity, exceeding EGP four trillion, and is ready to pump it into different projects, especially startups, Governor of the Central Bank of Egypt (CBE) Tarek ...
Investment for Africa Forum A Chance to Promote Joint Venture Opportunities
Investment for Africa Forum A Chance to Promote Joint Venture Opportunities 11/7/2019 - Egypt's Minister of Investment and International Cooperation Sahar Nasr said the Investment for Africa Forum, which is scheduled to be held in Cairo 22 November, is a window of opportunity for the Afr...

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