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Financials and Investment News in Egypt

Mulla Discusses With Major Int'l Firms Investment Opportunities in Mining Sector
3/6/2020 - Petroleum Minister Tareq el Mulla had talks with several heads of major global mining companies on investment opportunities in Egypt in the mining sector.
This came on the sidelines of the...
Egypt’s EGX Suspends Trades on 25 Companies Amid New Confirmed Coronavirus Cases
3/8/2020 - The Egyptian Stock Exchange (EGX) started the week with a significant drop witnessed in trading session.

The decline came on the back of the announcement of 33 new confirmed Coronavirus cas...
Mashat: Egypt Keen Enhancing Ties With Int'l Organizations & Financial Institutions
3/9/2020 - International Cooperation Minister Rania Al-Mashat said Egypt is keen on boosting ties with its development partners like the international organizations and financial institutions to exchange experti...
Dollar Price Records Rise Amid Disturbance In International Markets
3/10/2020 - Dollar exchange rate recorded a rise of 5 piasters at the morning transactions of the Egyptian banks , influenced by disturbances in international markets over the fears of spread of coronavirus and f...
Egypt's Economy Recovered, Ready to Absorb Likely Global Shocks
3/10/2020 - Egypt's Minister of Finance Mohamed Maait said that the Egyptian economy has recovered, is able to deal with global economic variables, and is ready to absorb likely external shocks.

The mi...
Egypt’s Annual Inflation Declines to 5.3% In February, down from 7.2% in January
3/10/2020 - Egypt’s annual urban inflation recorded 5.3 percent in February, down from 7.2 percent in January, with monthly inflation recording 0 percent, the Central Agency for Public Mobilisation and Statistics...
Egypt Targets Economic Growth Rate of 5.8%, GDP Growth of 12.5%: Planning Minister
3/11/2020 - Egypt’s Minister of Planning and Economic Development Hala El-Said said targets of Egypt’s development plan for fiscal year (FY) 2020/2021 include attaining high, sustainable economic growth of 5.8 pe...
Council of Arab Business Women Chooses Egypt’s Rania El-Mashat As 2020 Person of the Year
3/11/2020 - The Council of Arab Business Women has chosen Egypt’s Minister of International Cooperation Rania El-Mashat as its person of the year 2020.

In a statement released Wednesday, the council sa...
Egypt’s Annual Inflation Rates Expected to Range between 5-7% In FY2019/2020, 6-8% Over Long Run
3/11/2020 - Egypt’s annual inflation rates will range between six and eight percent in the long run, while between five and seven percent in the short term, assuming no major changes in terms of supply shocks ove...
Egypt Introduces New Incentives to Boost Economy Amid Coronavirus Crisis
3/17/2020 - Egypt’s cabinet has said it will lower natural gas prices for industry and provide EGP 1 billion for exporters as part of a package of measures aimed at supporting the industrial sector and the econom...
Egypt Suspends Trading in 40 Shares After They Fall More Than 5%
3/17/2020 - Egypt’s stock exchange suspended trading in 40 shares for 10 minutes after they fell more than 5%.

Among the stocks to see sharp falls were Ezz Steel which was down 8.4% and Madinet Nasr fo...
National Bank of Egypt, Banque Misr Keep Interest Rate
3/17/2020 - The National Bank of Egypt (NBE) and Banque Misr decided to keep the interest rate on their three-year saving certificates unchanged to support individuals’ savings and mitigate the effects of the CBE...
Central Bank of Egypt’s Emergency Rate Cuts Were Necessary, But Not Enough
Central Bank of Egypt’s Emergency Rate Cuts Were Necessary, But Not Enough 3/17/2020 - The interest rate cuts made by the Central Bank of Egypt , the largest since the flotation of the Egyptian pound in November 2016, were necessary to contain the severe impact of the coronavirus outbre...
National Bank of Egypt, Banque Misr Keep Interest Rate of 3-Year Saving Certificates Unchanged
3/17/2020 - The National Bank of Egypt (NBE) and Banque Misr decided on Tuesday to keep the interest rate on their three-year saving certificates unchanged to support individuals’ savings and mitigate the effects...
Assar, GAFI's Chairman Discuss Investment Opportunities
3/18/2020 - Minister of State for Military Production Mohamed Saeed el Assar discussed with Chairman of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab investment opportunities in t...
Egyptian Stock Exchange Catalyst Package to Be Submitted to Parliament Soon
3/18/2020 - Egypt’s Minister of Finance Mohamed Maait has said that a Stock Exchange catalyst package that the prime minister announced Tuesday will be submitted to parliament soon for approval.

In a s...
Pm, Egx Chairman Discuss Market Developments During Corona-Virus
7/20/2020 - Prime Minister Moustafa Madbouli met with Chairman of the Egyptian Exchange (EGX) Mohamed Farid to discuss developments on the securities market in light of Corona-virus.

The pandemic has tak...
Mashat: EIB Approves € 1.9 Billion For Egypt
7/20/2020 - The European Investment Bank (EIB) approved €1.9 billion to finance projects in Egypt as part of €16.6 billion of new financing dedicated for projects across Europe and around the world, said Internat...
CAPMAS: Egypt Exports To Int'l Groupings Up By 3.2% In 2019
7/20/2020 - Egyptian exports to international groupings of which Egypt is a member hit $29.8 billion in 2019 against $28.9 billion in 2018, marking a 3.2 percent rise.

In a bulletin the Central Agency fo...
Active Movement of Ships, Trucks at Alex. Port
8/5/2020 - Alexandria port witnessed an active movement of ships, goods and trucks.

as many as 69 ships were anchored in the port. Also, 17 ships arrived at the port and 11 left it, Spokesman for the ...

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