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Financials and Investment News in Egypt

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...
Egypt & Britian Sign Mou on Manufacturing Water Treatment Systems
12/16/2019 - Minister of Military Production Mohamed Saeed el Assar and British Ambassador in Cairo Geoffrey Adams witnessed the signing of a memorandum of understanding between the National Authority for Military...
Egypt in Talks with Huawei over Bilateral Cooperation
12/16/2019 - Egypt's Planning Minister Halal El-Saeed discussed with Vice President of Huawei company Mark Xueman boosting bilateral cooperation, on the sidelines of the World Youth Forum (WYF), which kicked off ...
Egypt's Investment Ministry Offers 225 Projects in El-Saf Investment City
12/17/2019 - Egypt's Ministry of Investment and International Cooperation announced on Tuesday the offering of El-Saf Investment City, located in Giza governorate, which provides 225 entirely finished and serviced...
Egypt, USAID Ink A Second Phase of North Sinai Development Initiative Agreement Worth $6 Mln
12/17/2019 - Egypt and the USAID signed on Tuesday an agreement for an additional $6 million for the North Sinai development initiative, bringing the total in the bilateral assistance programme to the governorate ...
Italian Companies Seek Pumping More Investments in Egypt
12/18/2019 - President of the Italian Confederation for Economic Development Jose Romano said that Italian companies seek pumping more investments in Egypt.

At a meeting with Prime Minister Mostafa Madb...
Egypt’s Economic Reforms Were Necessary, But Insufficient,' Former World Bank Consultant Says
12/19/2019 - Ragui Assaad, professor of planning and public affairs at the University of Minnesota and former consultant to the World Bank, UNICEF, and the UNDP, said that the economic reforms Egypt has adopted si...
Trade Min., Toyota Team Review Projects in Egypt
12/20/2019 - Trade and Industry Minister Amr Nassar had talks with a delegation from Toyota international on the company's current and future projects in Egypt.

The two sides discussed the company's con...
Assar, Italy's Ambassador Mull Fostering Joint Cooperation
12/20/2019 - Minister of State for Military Production Mohamed el Assar held talks with Italian Ambassador to Egypt Giampaolo Cantini on means of boosting joint cooperation in various areas of manufacturing.
Egypt's AOI, S. Korea 'Gyeonggi Technopark' Sign Mou
12/21/2019 - The Arab Organization for Industrialization (AOI) signed a memorandum of understanding with South Korea's "Gyeonggi Technopark" to boost bilateral cooperation in the fields of multipurpose vehicles, h...
Report: Egyptian Economy Sees Tangible Improvement
12/21/2019 - The cabinet reviewed a report prepared by the Information and Decision Support Center, which showed a continuous tangible improvement in the Egyptian economy.

The report expected a growth r...
Developing Countries Lose $310 Bln in Food Waste Annually: World Economic Forum
12/22/2019 - In developing countries, 40 percent of food loss occurs after harvest and early in the supply chain, translating to more than $310 billion in food waste and loss annually, according to a recent report...
IDSC, Chinese Embassy to Hold Forum on Governance
1/7/2020 - The Cabinet's Information and Decision Support Center (IDSC), in cooperation with the Chinese Embassy here and China's Development Research Center of the State Council, will organize a forum themed: '...
PM - Investment File Comes on Top of Govt Agenda
1/8/2020 - Prime Minister Moustafa Madbouli asserted that the investment file comes on top of the government's agenda during the current stage.

Madbouli said that his decision on forming a ministerial...
Egypt's Annual Headline Inflation Rises to 7.1% in December
1/9/2020 - Egypt’s annual urban consumer inflation rose to 7.1% in December from 3.6% in November, statistics agency CAPMAS said , increasing chances of the central bank holding interest rates unchanged this mon...
Egypt PM Issues Decree to Form New Ministerial Cluster for Investment
1/9/2020 - The Egyptian pharmaceutical industry is at risk due to a number of governmental policies that need to be reviewed, but it has a room to grow thanks to number of options that can be tapped to overcome ...
Finance Minister: Government Keen to Increase Singaporean Investments in Egypt
1/10/2020 - Finance Minister Mohamed Maait has said the government is keen to beef up the Singaporean investments in the country.

Maait made the remarks during his meeting here with new Singaporean Amb...
CBE Board Forms New Monetary Policy Committee
1/11/2020 - The Central Bank of Egypt (CBE) board of directors issued on a decision on the formation of the new monetary policy committee.

The committee will be chaired by CBE Governor Tareq Amer, and...
ASCAME: Trade Exchange Bet. Egypt, China to Increase by 24% in 2020
1/11/2020 - The volume of trade exchange between Egypt and China is expected to rise by more than 24 percent in 2020, President of the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) A...
Egypt's Envoy Asserts Importance of Economic Relations With Lebanon
1/11/2020 - Egypt's Ambassador to Lebanon Yasser Olwi asserted the importance of economic relations between Cairo and Beirut, hailing the key role of the Egyptian-Lebanese business council in boosting these relat...

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