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Financials and Investment News in Egypt

Changelabs Provides Funds for 13 Promising Egyptian Start-Ups
9/21/2020 - Startup accelerator Changelabs is set to hold its second cohort demo day on 30 September, providing an opportunity for innovative start-ups to secure funds for their businesses.

Changelabs ...
Ministers Discuss Coordination for Achieving Economic Development
9/22/2020 - Minister of Transport Kamel Wazir held talks with Minister of Agriculture Al Sayyed Al Qusir along with representatives from the Ministry of Trade and Industry.

The three sides discussed co...
Egypt, Japan Seek Boosting Joint Economic Cooperation
9/23/2020 - Minister of Trade and Industry Nevine Gamea held talks with Japanese Ambassador in Cairo Noke Masaki on means of boosting joint cooperation.

The two sides discussed means of upgrading econ...
Maait: EGP 13 Bln Allocated for Supporting Presidential Initiative
9/23/2020 - Finance Minister Mohamed Maait said that EGP 13 billion were allocated for supporting the presidential initiative on providing commodities at affordable prices under the name of "Mayghlash Alik".
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SMEs drive 90% of MENA's business, accounting for 70% of GDP: IMF
9/23/2020 - Small and medium-sized enterprises (SMEs) drive the business landscape in the Middle East and North Africa (MENA) region, accounting for more than 90 percent of the region’s businesses and contributin...
Egypt, S. Korea Discuss Future Coop., Joint Projects
9/27/2020 - International Cooperation Minster Rania el Mashat discussed with newly-appointed South Korean Ambassador to Egypt Hong Jin-wook domains of future cooperation and underway projects.

Mashat a...
Sisi Witnesses Inauguration of Hydrocracking Complex in Qalubiya's Mostorod
9/27/2020 - President Abdel Fattah El Sisi witnessed the inauguration of the Hydrocracking Complex in Qalubiya's district of Mostorod.

Prime Minister Mostafa Madbouly, House Speaker Ali Abdel Aal, Oil ...
Planning Ministry: EGP 16.9 Bn Suez Canal Investments in 2020-2021 Plan
9/27/2020 - Dr. Hala el Said Minister of Planning and Economic Development said Suez Canal investments for 2020-2021 plan is estimated at EGP 16.9 billion to carry out upgrading and expansion projected ventures d...
Bourse Indexes Show Mixed Performance
9/29/2020 - The Egyptian Exchange (EGX) indexes showed mixed performance at the close of trading, amid sales operations by Egyptian investors and purchase operations from local and foreign investment funds and in...
Egypt to Become First Arab Country to Issue Green Bonds
9/29/2020 - DUBAI/LONDON (Reuters) – Egypt started marketing a five-year US dollar-denominated Green bond at a yield of around 5.75 percent, a document showed, in what would be the first sale of green bonds by a ...
Egypt Extends Tourism Stimulus, Waives Visa Fees in 4 Governorates Until April
9/30/2020 - Egypt’s cabinet approved the extension of several coronavirus-related exemptions and incentives, such as exempting tourists arriving in the governorates of South Sinai, the Red Sea, Luxor, and Aswan f...
Amazon Plans to Manufacture More of Its Products in Egypt
9/30/2020 - Amazon’s Director of Public Policies for the MENA region Dalia Saif announced that her company is planning to manufacture more of its products within the Egyptian market, due to its position as a stra...
Structural Reforms Help Achieve Sustainable Economic Recovery
10/3/2020 - Minister of International Cooperation and Egypt’s Governor at the World Bank Group Rania el Mashat has underscored the important role of structural reforms in achieving a flexible and sustainable econ...
International Cooperation Ministry, UN Establish Framework for Cooperation
10/3/2020 - Minister of International Cooperation, Dr. Rania Al-Mashat, held a high level meeting with all UN agencies in Egypt, in the presence of Mr. Richard Dictus, Resident Coordinator of the United Nations O...
UN FAO Hails Egypt’s Projects to Reduce Food Loss, Waste
10/3/2020 - Celebrating the first International Day for Awareness of Food Loss and Waste, the United Nations Food and Agriculture Organization (FAO) hailed Egypt’s projects aimed at reducing food loss and waste i...
INTERVIEW: Uber Egypt's GM Ahmed Khalil Says Investments Exceed $100 Million
10/3/2020 - Following the hard hit received by businesses worldwide, including in Egypt, due to the coronavirus outbreak, business owners had to accommodate new working plans to deal with the new challenges.
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Egypt’s Non-Oil PMI Up to 50.4 Points in September, Highest Since July 2019
10/5/2020 - Egypt’s purchasing managers’ index (PMI), for the non-oil sector, rose to 50.4 points in September 2020, up from the 49.4 points in August, Minister of Planning and Economic Development Hala El-Said a...
EBRD Seeks to Increase Annual Funding to €13 Bln
10/10/2020 - The European Bank for Reconstruction and Development's (EBRD) new strategy for 2021-2025 will focus on accelerating the pace of recovery from the COVID-19 pandemic and strengthening the private sector...
IMF, World Bank Annual Meetings to Kick Off
10/11/2020 - The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off 12, and will remain in session till 18 October.

The mee...
Since 2014, Egypt Spent Over LE4 Trillion to Correct Economic Course: Madbouly
10/11/2020 - Egyptian Prime Minister Mostafa Madbouly said that since 2014 the government has spent more than four trillion LE to correct the course of the economy and achieve development.

During a spee...

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