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Financials and Investment News in Egypt

Egypt is Boosting Economic Growth Rates, Women's Role: Minister at Davos
1/22/2020 - Egypt’s Minister of International Cooperation Rania El-Mashat said that Egypt is working on pushing economic growth rates through structural reforms across all sectors after finalising the required fi...
Egypt’s Economic, Structural Reforms Enhance Private Sector's Role
1/22/2020 - Matthew Stephenson, Policy and Community, International, Trade and Investment principal at World Economic Forum on Business said the economic and structural reforms Egypt has adopted have improved its...
Egypt May Add Indian Wheat to List of Acceptable Import Origins
1/22/2020 - Egypt is studying the addition of Indian wheat as an acceptable origin for its international import tenders, the head of the country’s agriculture quarantine said .

Egypt, the world’s large...
Egypt, Germany Discuss Coop. In Air Transportation
1/23/2020 - Civil Aviation Minister Mohamed Manar received German Ambassador to Egypt Cyrill Nunn.

The two sides discuss in a meeting held at the ministry's headquarters ways to boost bilateral ties...
Egypt Banking System Is on Robust Growth
1/23/2020 - The outlook for Egypt's banking system is stable over the next 12-18 months as the banks maintain high liquidity amid an expanding economy that will help them generate more loans and business, Moody's...
Moody's: Egypt Banking System Is On Robust Growth
1/23/2020 - The outlook for Egypt's banking system is stable over the next 12-18 months as the banks maintain high liquidity amid an expanding economy that will help them generate more loans and business, Moody's...
Egypt, UK Discuss Cooperation in Transport
1/23/2020 - Minister of Transport Kamel el Wazir discussed with his UK counterpart Grant Shapps means of boosting bilateral cooperation in the field of transport.

Wazir had wrapped up his visit to t...
AOI, North Point Sign Deal to Develop SEMAF
1/25/2020 - The Arab Organization for Industrialization (AOI) has signed an agreement with Canadian "Point North" Company specialized in technical consultations to develop the Railway Equipment Factory (SEMAF).
Mashat Stresses Keenness on Joining Private Sector in Development Projects
1/25/2020 - Minister of International Cooperation Dr Rania el Mashat said the government develops the infrastructure and upgrades road networks to connect the various parts of the capital and establish new cities...
Banque Du Caire Wins International Finance Awards for International, Forex Transactions
1/26/2020 - Banque du Caire has won "Best Bank in International Banking Transactions GTB" and "Best Bank for Foreign Exchange Transactions" for 2019 from the British magazine International Finance.

Th...
Finance Minister Approves EGP 28 Billion
1/26/2020 - Finance Minister Mohamed Maait approved EGP 28.17 billion in urgent financial allocations from the state budget to several state entities covering the period from July to December of the fiscal year 2...
CBE to Issue LE 14.5B in T-Bills Sunday
1/26/2020 - The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 14.5 billion in treasury bills , Jan. 26, 2020.

The T-bills will be offered in two installments; th...
Egypt Expanded Silo Capacity By 5.9% to 3.6 Mln Tonnes in 2019
1/28/2020 - Egypt expanded its grain silo storage capacity by 5.9% in 2019 to 3.6 million tonnes, the cabinet said in a statement .

Capacity had been 3.4 million tonnes at the end of 2018, the statement ...
CI Capital Hopes to Bring 4 Companies to Egypt Stock Exchange in 2020
1/29/2020 - Egyptian investment bank CI Capital hopes to offer the shares of four companies, including minority stakes in two controlled by the government, on the Egyptian stock exchange this year, its co-chief e...
Remittances From Egyptian Expats Rise to $2.3 Bln in October 2019: CBE
1/29/2020 - Egypt's remittances from workers abroad rose 12.7 percent year-on-year in October 2019 to around $2.3 billion, the Central Bank of Egypt said in a statement.

The remittances, a key source o...
Vodafone to Sell Stake in Egyptian Unit to Saudi Telecom for $2.4 Billion
1/29/2020 - Vodafone Group has struck a preliminary deal to sell its 55% stake in its Egyptian unit to Saudi Arabia’s largest telecoms operator STC 7010.SE for $2.4 billion, the companies said .

The no...
Startup Challenges and Potentials Discussed at Startegypt Forum
1/29/2020 - The StartEgypt Forum kicked off on the Greek Campus at the American University in Cairo with the participation of more than 45 Egyptian new startups and innovations.

StartEgypt is an Egypti...
PM Reiterates Commitment to Restructuring Gov't Institutions
1/30/2020 -  Prime Minister Mostafa Madbouli reiterated the state's commitment to restructuring governmental associations to develop human resources capabilities. He said this would boost services offered to peop...
AOI Chief, Japanese Envoy Mull Joint Manufacturing Cooperation
2/1/2020 - Chairman of the Arab Organization for Industrialization (AOI) Abdel Monem Al Tarras discussed with Japanese Ambassador in Cairo Masaki Noke the manufacturing potentials of the organization and the Jap...
PM Lauds Egyptian-German Ties
2/2/2020 - Prime Minister Mostafa Madbouli has praised growing economic and trade ties between Egypt and Germany.

The Premier on Saturday 01/02/2020 met with Burkhard Balz, member of the executive boa...

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