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Financials and Investment News in Egypt

Egypt's Parliament to Discuss Enhance Stock Performance and Facilitate Investment
1/11/2020 - Following a three-week Christmas holiday, Egypt's parliament will reconvene to grapple with a host of issues.

According to the schedule of debate , parliament will meet to discuss the new g...
Global Economic Growth Anticipated to Increase by 2.5%: World Bank
1/11/2020 - The World Bank (WB) expects global economic growth to rise in 2020 by 2.5 percent, poised for a modest rebound this year, after its weakest performance since the global financial crisis.

Ac...
Egypt to pay $1.6 billion as debt to Arab countries in 2H 2020; Kuwait has the lion's share: CBE
1/12/2020 - The Central Bank of Egypt (CBE) revealed that Egypt has to pay $1.694 billion during the first half of 2020, $5.167 billion during the second half, and $681 million in the first half of 2021, as debts...
Egypt's Real GDP to Rise to 5.9%, Up To 6% In 2022: World Bank
1/12/2020 - The World Bank expects that Egypt's real GDP growth will reach 5.9 percent in 2020, up from 5.7 percent in 2018, forecasting 6 percent growth in 2021-2022.

According to its semi-annual Glob...
Egypt's Central Bank Didn't Receive Request from Lebanon's Bank Audi to Sell Egyptian Unit
1/13/2020 - The Central Bank of Egypt (CBE) stated it had not received a request from Lebanon’s Bank Audi to sell its Egyptian unit.

Media reports said Bank Audi planned to sell its Egyptian unit as pa...
EGX Gains EGP 3.7bn
1/13/2020 - The Egyptian Exchange (EGX) gained about 3.7 billion pounds at the end of trading backed by selective purchase operations by local and Arab investment funds.

The EGX 30 benchmark index uppe...
Egypt,Belarus Discuss Industrial Cooperation
1/14/2020 - State Minister for Military Production Mohamed Saeed el Assar discussed with Belarus Ambassador in Cairo Sergei Terentiev developing ties between Egypt and Belarus in the industrial field to benefit f...
Foreign Ministry: Egyptian-US Talks on Ethiopia Dam
1/14/2020 - Ministers Sameh Shoukry of Foreign Affairs and Mohamed Abdel Atti of Water Resources and Irrigation participated negotiations in Washington on the Grand Ethiopian Renaissance Dam (GERD).

The ...
World Bank Eager to Upgrade Egypt's Economic Reform Programme
1/15/2020 - The World Bank’s global director for Urban, Disaster Risk Management, Resilience and Land Global Practice, Sameh Wahba, has said the institution is eager to upgrade cooperation programmes with the Egy...
Egypt's Holding Company for Tourism, Hotels & Cinema revenues hit EGP 4 bln
1/15/2020 - Egypt's Holding Company for Tourism, Hotels & Cinema and its subsidiaries collected revenues worth EGP 4 billion in fiscal year 2017/2018, achieving a growth rate of 26 percent. The company's net prof...
Egypt Seeks to Fulfill Its 2030 Vision
1/15/2020 - Minister of International Cooperation Rania el Mashat said that her ministry’s strategy is to strengthen multilateral cooperation with development partners to achieve Egypt Vision 2030 in pursuance of...
'UK Eager for Further Cooperation with Egypt Due to Its Economic Growth': UK Ambassador
1/16/2020 - British Ambassador in Egypt Geoffrey Adams said that the UK is eager to continue developmental cooperation with Egypt whose economic growth is increasing and its business climate is improving.

...
Egypt’s 2020 GDP Growth Estimated At 5.8%: UN Report
Egypt’s 2020 GDP Growth Estimated At 5.8%: UN Report 1/17/2020 - Egypt is enjoying relatively strong GDP growth, estimated at 5.5 percent for 2019 and projected to be 5.8 percent in 2020, according to the United Nations’ World Economic Situation and Prospects (WESP...
Senior German Official Praises Egypt’s Economic Reforms
1/17/2020 - The head of a delegation from the German Federal Ministry for Economic Affairs and Energy, Bernd Denzlaf, has praised Egypt’s economic growth and the improvements in its economy, adding that Germany h...
Egypt, S.Korea Review Cooperation Prospects
1/18/2020 - Minister of State for Military Production Mohammed el Assar discussed with South Korean Ambassador to Egypt Yoon Yeocheol prospects of cooperation between both sides.

Assar asserted his min...
Egypt's Sisi, World Bank Aspire For Further Cooperation
Egypt's Sisi, World Bank Aspire For Further Cooperation 1/18/2020 - President Abdel-Fattah El-Sisi said he looks forward to further cooperation with the World Bank (WB) after it supported the country's development efforts.

El-Sisi's remarks came during a meet...
Aswan Benban Solar Park Model for Sustainable Development: WBG Officials
1/20/2020 - The Benban solar power project in Aswan provides a model for sustainable and environment-friendly development, said a high-level delegation of executive directors of the World Bank Group (WBG).
Egypt's Arab Organisation for Industrialisation Discusses Cooperation With Belarus
1/20/2020 - The Arab Organisation for Industrialisation (AOI) CEO Abdel-Moneim Al-Toras discussed in Cairo means to boost cooperation in technology and co-industrialisation with the Ambassador of Belarus Sergei ...
Foreign Holdings in Debt Instruments Hit $22 Bln in 2019
1/20/2020 - The share of foreign investments in the state's public debt instruments has reached $22 billion at the end of December 2019, said Finance Minister Mohamed Maait.

During a conference in Cair...
Banque Du Caire Wins Mastercard Award for Fastest Credit Card Growth In 2019
1/21/2020 - Banque du Caire has won the "fastest credit card growth in Egypt" award for 2019 from Mastercard.

The bank’s CEO, Tarek Fayed, said the award reflects the increase in the bank’s market shar...

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