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Financials and Investment News in Egypt

Egyptian-Iraqi Economic Forum 'Good Opportunity' for Boosting Trade, Investments - Ministers
11/1/2020 - Minister of Trade and Industry Nivine Gamaa and her Iraqi counterpart Alaa Ahmad praised the Egyptian-Iraqi economic, and trade forum as a good opportunity and platform for boost the trade ties betwee...
Mashat: Success of Egyptian-Iraqi Committee Meetings Opens New Chapter of Bilateral Cooperation
11/1/2020 - International Cooperation Minister Rania Mashat underlined that the success of the Egyptian-Iraqi higher committee meetings opened a new chapter of bilateral ties where the great potentials of the Egy...
PM Reviews PMI Report Of Oct. 2020
11/3/2020 - Prime Minister Moustafa Madbouli has reviewed a report on the Egyptian Purchasing Managers’ Index (PMI) during October 2020.

The PMI has moved up to 51.4 points in October compared with 50....
Egypt, Italy Sign Two Agreements on Robiki Leather City, Smes
11/3/2020 - Minister of International Cooperation Rania el Mashat and Italian Ambassador to Egypt Giampaolo Cantini signed two agreements in the field of technical support with a view to implementing the Robiky L...
“State Employees’ Payment Cards to be Replaced Totally With Meeza Cards Within a Year
11/3/2020 - State's employees' payment cards, which are used to withdraw cash or repay governmental dues, will be totally replaced by the pre-paid "Meeza" cards within a year, Minister of Finance Mohamed Maait an...
Egypt Set to Issue Its First Sovereign Islamic Sukuk
11/4/2020 - Egypt is set to issue its first sovereign sukuk (Islamic bonds), Minister of Finance Mohamed Maait said .

The cabinet approved meeting the sovereign sukuk draft law, to be submitted to par...
Egypt's Non-Oil Private Sector Growth at Nearly Six-Year High in October
11/4/2020 - Egypt’s non-oil private sector expanded in October at its quickest rate in almost six years as a recovery from the coronavirus pandemic gained pace, a survey showed.

IHS Markit’s Purchasing...
Egypt to See Highest Real Gdp Growth in Mena Over 2020-2024
11/8/2020 - Egypt’s economic growth is expected to record 3.3 percent in the current fiscal year (FY) 2020/2021, down from 3.5 percent in FY2019/2020, while the country is projected to witness the highest real GD...
Egypt Achieved Positive Results in Entrepreneurship, Emerging Companies - ITIDA Chief
11/8/2020 - The CEO of the Information Technology Industry Development Agency (ITIDA) Amr Mahfouz said that Egypt achieved positive results in the field of entrepreneurship and emerging companies thanks to cooper...
Public Investments Hit EGP 595 Bln
11/9/2020 - Planning Minister Hala el Saeid said the government continues to pums further public investments in new projects, as the public investments increased by 70% to reach EGP 595 billion.

Saeid ...
New Plan for Boosting Egypt's Exports in Global Markets
11/9/2020 - A new strategy is being outlined for the overseas and local exhibitions system which is deemed a key pillar for fostering the presence of Egyptian products in global markets and increasing their compe...
Sisi Directs to Launch Initiatives of Tahya Masr Fund
11/9/2020 - President Abdel Fattah El Sisi has directed to launch a number of initiatives through Tahya Masr Fund at a total value of EGP 1 billion.

The directives were issued on Sunday during Sisi's m...
Sisi Directs Government to Maximize Use of State-Owned Assets In all Fields
11/10/2020 - President Abdel Fattah El Sisi directed the government to maximize the use of the state-owned assets in all fields, according to a statement from the Cabinet .

This direction was declared i...
Briefs: Inflation Heads North
11/10/2020 - Egypt's annual inflation rate increased to 4.5 per cent in October from 3.7 per cent in September, the Central Authority for Public Mobilisation and Statistics (CAPMAS) has said,

attributin...
World Bank Announces Five-Year Partnership Strategy With Egypt
11/11/2020 - Regional Director of the World Bank office in Egypt, Yemen, and Djibouti Marina Weiss announced preparations are underway between the World Bank and Egypt to establish a five-year partnership strategy...
Bourse Gains EGP 9.5 Billion
11/11/2020 - The Egyptian Exchange posted gains at the end of trading on the back of intensified buying operations of Commercial International Bank (CIB) shares by foreign investment funds.

The market c...
IMF Revisits Its Policy on Its Public Debt Support Policy
11/11/2020 - The International Monetary fund (IMF) announced that it has revisited its policy on its debt supported programs, or the “debt limits policy”, that would provide countries with more flexibility towards...
Egypt Needs to Invest More in Human Capital
11/11/2020 - Egypt needs to invest more in human capital rather than infrastructure to be able to achieve a successful digital transformation process, especially with the new normal the COVID-19 pandemic has creat...
Allianz Egypt's Profits Record EGP 490 Mln in FY 2019/20, Total Business EGP 5.3 Bln
11/11/2020 - Allianz Egypt, a life insurance service provider, announced its business has grown by 35 percent, with life assurance at 29 percent and property and casualty (P&C) insurance in FY 2019/2020, making pr...
EBRD, EU, GCF Launch Two Programs Worth €220 Mln to Boost Egypt's Green Economy
11/11/2020 - The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) launched on Tuesday two programs totalling €220 million to offer sub-loans to busi...

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