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Financials and Investment News in Egypt

Egypt, France Enjoy Distinguished Economic Ties
11/7/2019 - Communications and Information Technology Minister Amr Talaat said that Egypt and France enjoy deeply-rooted and distinguished economic ties.

Talaat’s remarks came during a press confere...
Egypt, Kuwait’s MEASC Sign Mou on Smart City Technology Cooperation
11/9/2019 - State Minister for Military Production Mohamed Saeed el Assar witnessed the signing ceremony of a memorandum of understanding (MoU) with Kuwait’s MEASC Safe Smart Cities.

The MoU aims to deve...
PM Follows Up Investment Opportunities on Govt Portal for Unified Industrial Map
11/9/2019 - Prime Minister Mostafa Madbouli reviewed available opportunities on the government portal for the unified industrial investment map.

Getting briefed on a report from Director of the National ...
Trade Minister Opens Destination Africa 2019 Expo
11/9/2019 - Trade Minister Amr Nassar inaugurated the 4th edition of Destination Africa 2019 textile and garment exhibition.

As many as 150 export companies alongside 230 international buyers from the U...
Egypt, Canada mull promotion of investment opportunities
11/10/2019 - Industry Minister Amr Nassar and Immigration Minister Nabila Makram held an extensive meeting with a delegation of five Canadian companies to discuss investment opportunities in Egypt.

The me...
Egypt Urges Promoting African Businessmen's Investments
11/10/2019 - Assistant Foreign Minister for African Affairs Abu Bakr Hefny stressed the importance of encouraging African investment to enhance the continental economic integration.

Hefny, on behalf of F...
High-Level Chinese Delegation Visits Egypt for Talks
11/10/2019 - A high-level Chinese delegation under Chairperson of the National Committee of the Chinese People's Political Consultative Conference Wang Yang starts a three-day visit to Egypt.

The visit...
Egypt's Finance Ministry Releases FY 2020/21 Budget's Preliminary Statement
11/11/2019 - Egypt's Minister of Finance Mohamed Maait has announced that the government is targeting positive results for the coming fiscal year regarding financial indices, with a growth rate of 6.4 percent and ...
Egyptian Media Corporation Organizes National Economic Summit Tuesday
11/11/2019 - A national economic summit is going to kick off under the patronage of Prime Minister Mostafa Madbouly, and with the attendance of more than 40 state officials, as well as economic experts from the p...
Egypt Sells 695 Million Euros Worth of Euro-Denominated T-Bills: Central Bank
Egypt Sells 695 Million Euros Worth of Euro-Denominated T-Bills: Central Bank 11/12/2019 - Egypt sold 695 million euros in one-year euro-denominated treasury bills with an average yield of 1.434%, the central bank said .

In a slimier auction in August, the bank sold 610 million e...
Egypt Must Overcome Challenges for Economic Reforms to Succeed
11/12/2019 - Former head of the Egyptian Financial Supervisory Authority (FSA) Hani Sarie El-Din has said that despite all the positive outcomes from Egypt’s economic reform programme, especially over the past two...
Rabie Receives Russian Deputy Minister of Industry and Trade
11/12/2019 - Lt. Gen. Osama Rabie, Chairperson of Suez Canal Authority, received at the Guidance Building in Ismailia, Russian Deputy Minister of Industry and Trade Oleg Ryazantsev, accompanied by the leaders of ...
PM Welcomes Choosing Egypt as Premises of Arab Union of Arbitration for Economic Disputes
11/13/2019 - Prime Minister Mostafa Madbouli welcomed choosing Egypt as premises of the Arab Union of Arbitration for Investment and Economic Disputes.

This came during Madbouli's meeting with the union'...
MP Abou El-Enin: Egypt Has Created Healthy Environment for Investment
11/13/2019 - Egyptian MP Mohamed Abou El-Enin says that development is vital for the industry in Egypt, and that the country is currently witnessing economic prosperity as evidenced by the praise international cor...
Egypt, Germany Trade Exchange Records $3.662 Billion in 2019
11/13/2019 - Egypt's Minister of Trade and Industry Amr Nassar said trade relations between Egypt and Germany witnessed tangible developments during the first nine months of 2019, as trade exchange between the two...
Egypt among the Most Attractive Countries for Investment
Egypt among the Most Attractive Countries for Investment 11/13/2019 - Director of Investment and Enterprise at the United Nations Conference on Trade and Development (UNCTAD) James Zhan said that Egypt is among the most investment-attractive countries in the world.
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Egypt Has Created Healthy Environment for Investment: MP Abou El-Enin
11/13/2019 - Egyptian MP Mohamed Abou El-Enin says that development is vital for the industry in Egypt, and that the country is currently witnessing economic prosperity as evidenced by the praise international cor...
Egypt's Central Bank Set to Review Interest Rates on Thursday
11/13/2019 - The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to review its key lending and deposit interest rates during its much anticipated meeting .

The committee's upcom...
Egypt, Switzerland Sign Memorandum on Mine Clearance
Egypt, Switzerland Sign Memorandum on Mine Clearance 11/14/2019 - Egypt and Switzerland signed a Memorandum of Understanding (MoU) between the Executive Secretariat for Mine Clearance and the Development of the North West Coast of Egypt, affiliated to the Ministry o...
CBE Cuts Deposit, Lending Rates by 100 Basis Points
CBE Cuts Deposit, Lending Rates by 100 Basis Points 11/15/2019 - The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided to cut overnight deposit rate, overnight lending rate, and the rate of the main operation by 100 basis points to 12.25 percent,...

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