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Financials and Investment News in Egypt

Beltone Financial Lauds Gov't Initiatives in Support of Industrial Sector
12/7/2019 - Beltone Financial, one of the largest investment banks in the Middle East and North Africa, has praised initiatives launched last week by the Egyptian government and the Central Bank of Egypt in suppo...
El-Assar Witnesses Signing of Agreement on Water Desalination, Treatment Plants
12/7/2019 - Minister of State for Military Production Mohamed El-Assar has witnessed the signing of a contract agreement between the National Organization for Military Production (NOMP), the ministry's armored ve...
Finance Minister: Unifying African Efforts to Maximize Utilization of Continental Wealth
12/7/2019 - Finance Minister Mohamed Maait stressed the importance of unifying African efforts to maximize the utilization of continental wealth in order to gradually achieve self-sufficiency in African states.
Egypt Signs "Yaoundé Declaration" on Tax Transparency: Finance Ministry
12/7/2019 - Egypt has signed the "Yaoundé Declaration" during the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Paris, the Ministry of Finance announ...
New Investor Service Centers, Free Zones in Prospect Nationwide: Investment Minister
12/8/2019 - The Ministry of Investment and International Cooperation is moving forward at a fast pace to establish new investor service centers and free zones at all state governorates, Investment and Internation...
Immigration Minister Hails Expats' Role in Supporting Egyptian Economy
12/8/2019 - State Minister for Immigration and Expatriates Affairs Nabila Makram has praised a role played by Egyptian expats in supporting the Egyptian economy.

Speaking to reporters , Makram said Egy...
Finance Min.: Digitization Important For Sustainable Development
12/8/2019 - Finance Minister Mohamed Maait said the political leadership strongly supports the gradual digitization, which is one of the most significant tools to achieve sustainable development.

Speak...
Inflows of Dollar to Egypt Reach $200 Bln in 4 Years: CBE Governor
Inflows of Dollar to Egypt Reach $200 Bln in 4 Years: CBE Governor 12/9/2019 - Inflows of US dollar to Egypt have amounted to some 200 billion over the past four years, said Tarek Amer, governor of The Central Bank of Egypt (CBE).

Amer's statements came during a spee...
USAID Praises Egypt’s Economic, Social Reforms
12/9/2019 - Deputy Assistant Administrator for the Middle East region at the United States Agency for International Development (USAID) Andrew Plitt has praised Egypt’s economic and social reforms and the procedu...
Egypt, Germany Sign EGP 36 Mln Grant Agreement in Agricultural Production Monday
Egypt, Germany Sign EGP 36 Mln Grant Agreement in Agricultural Production Monday 12/9/2019 - Egypt and Germany have signed an EGP 36 million grant agreement on quality assurance in agricultural production.

The agreement was signed by Egypt’s Minister of Investment Sahar Nasr and the...
Egypt, Belarus Sign Three Cooperation Agreements
12/10/2019 - Minister of State for Military Production Mohamed Saeed Assar and Minister of Industry of Belarus Pavel Utupin witnessed the signing of three memorandums of understanding between the Ministry of Milit...
Riseup Announces Startup Competition Winners, Yanzo Walks Away With $60,000
12/10/2019 - RiseUp has announced the winners of its first multi-stage, regional startup pitch competition, Pitch by the Pyramids, at the Great Pyramids of Giza late, in alignment with RiseUp Summit 2019.

...
Automotive Companies Turn To Social Media for Marketing
12/10/2019 - Dealers in the automotive sector believe that social media has become a marketing platform for cars in a way that now rivals annual exhibitions where brands participate to display their products, the ...
Egypt's Annual Urban Consumer Inflation Rises to 3.6% in November
12/10/2019 - Egypt’s annual urban consumer price inflation rose to 3.6% in November from 3.1% in October, the official statistics agency CAPMAS said .

Egypt, whose annual inflation rate increased to 33%...
Egypt's New Sovereign Fund Cherry-Picks Assets to Lure Investors
12/11/2019 - Egypt’s newly formed sovereign wealth fund plans to take control of some of the government’s most promising assets in industries such as power and real estate, to bring in private investors to develop...
Int'l Foundations Praise Egypt's Experiment in Applying Performance-Based Budgeting
12/15/2019 - Head of the Budget Sector at the Ministry of Finance Mohamed el Sobky said international foundations, including the International Monetary Fund (IMF) and the World Bank, have praised the Egyptian expe...
Hermes: Egypt's Economy to Become More Strong in 2020
12/15/2019 - Hermes Financial Group, one of the leading investment banks in the Middle East and Africa, expected that the Egyptian economy will become more strong and will be based on solid grounds in 2020 thanks ...
CAPMAS :Trade Balance Deficit Down By 28.7% in September
12/15/2019 - Egypt's trade balance deficit dropped by 28.7 percent in September 2019, recording USD 3.49 billion, compared to USD 4.90 billion in the same month of 2018, said the Central Agency for Public Mobiliza...
Al-Futtaim to Invest EGP 2 Bln in Extension to Cairo Festival City Mall
12/15/2019 - Dubai-based developer Al-Futtaim is investing EGP 2 billion in an extension for Cairo Festival City Mall which will house 120 new shops, the company said at a press conference.

“The 22,143-...
Egypt's Economy to Become More Strong in 2020 – Hermes
12/15/2019 - Hermes Financial Group, one of the leading investment banks in the Middle East and Africa, expected that the Egyptian economy will become more strong and will be based on solid grounds in 2020 thanks ...

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