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Financials and Investment News in Egypt

Egypt Among World’s 10 Fastest-Growing Economies in 2020 - Blomberg
12/5/2020 - Egypt has withstood the economic impact of the coronavirus pandemic so successfully that it was among the world’s 10 fastest-growing in 2020, Blomberg said.

At least five of Ethiopia, Ugan...
Finance Min. Says Egypt Steadily Moving Forward in Tax Reform
12/5/2020 - Egypt is steadily moving forward along the road to tax reform, Minister of Mohamed Maait said .

Addressing an Arab tax law conference on tax reform, given the requirements of financial and...
Hundreds of Workers Go on Strike in Daqahlia to Protest Selling of Factory
12/5/2020 - Hundreds of workers at the Delta Company for Fertilizers and Chemical Industries (Talkha Fertilizer), a state-owned company in Egypt, staged a sit-in to protest the Daqahliya governor’s decision to se...
Govt Seeks to Contribute to Green Economy Efforts
12/7/2020 - Minister of International Cooperation Rania el Mashat has said that the government seeks to encourage the private sector to contribute to the Green Economy Transition (GET) efforts meant to abide by e...
Transport Min, EBRD Officials Probe Work Progress
12/7/2020 - Transport Minister Kamel el Wazir discussed with the European Bank for Reconstruction and Development's (EBRD) Managing Director for southern and eastern Mediterranean (SEMED) region Heike Harmgart th...
Egypt-France Trade Exchange Increased Over 9 Months: CAPMAS
12/7/2020 - The Central Agency for Public Mobilisation and Statistics (CAPMAS) has announced an increase in trade volume between Egypt and France, which recorded $1.6 billion from January to September 2020.
Amid Brexit, Egypt, Britain Sign Free Trade Agreement
12/7/2020 - Egypt and Britain signed an agreement establishing a trade partnership between the two countries, which will go into effect on January 1 after the United Kingdom leaves the European Union.

...
Egypt’s GDP Growth to Bounce Back in 2022, Reaching 5.6%: Fitch Solutions
12/8/2020 - Egypt’s GDP growth is expected to record 3.5 percent by the end of 2020 and to slow down to 3.2 percent in 2021, before bouncing back in 2022 to 5.6 percent, according to Fitch Solutions.

F...
Italian Agency for Development Cooperation Grants €3 Million to Projects in Egypt
12/8/2020 - The director of the Italian Agency for Development Cooperation, Martino Milli, announced that work is currently underway for a manufacturing grant project valued at three million euros for development...
Egypt’s Planning Minister Meets With OECD Representatives and 33 Ambassadors from Member States
12/9/2020 - Dr. Hala El-Said , Egypt’s Minister of Planning and Economic Development, held a meeting with representatives of the Organization for Economic Cooperation and Development (OECD), with the participatio...
Egypt’s SWF to Create Investment Opportunities for Private Sector
12/9/2020 - Egypt’s SWF to create investment opportunities for private sector, partners with NSPO to launch IPOs: Planning minister.

Minister of Planning and Economic Development Hala El-Said stated th...
PM Urges Drawing Up National Climate Change Strategy
12/9/2020 - Prime Minister Moustafa Madbouli directed the government to set up a national strategy for climate change.

Chairing a meeting of the Supreme Committee of the National Council for Climate Ch...
Egypt, Iraq Confer Cooperation in Air Transport
12/10/2020 - Civil Aviation Minister Mohamed Manar discussed Wednesday 9/12/2020 with Iraq’s Transport Minister Nasser Hussein Al-Shibli means of boosting cooperation in the field of air transport.

The...
PM: Egypt Keen to Enhance Cooperation With Iraq, Jordan
12/13/2020 - Prime Minister Mostafa Madbouli urged to swiftly accomplish joint projects among Egypt, Iraq and Jordan amid the current challenges that face the Arab region.

The premier chaired a triparti...
Egypt Starts Implementing AATB Program, Says Minister
12/13/2020 - The Trade and Industry Ministry has started implementing an “Arab Africa Trade Bridges” (AATB) program in Egypt.

Launched by the International Islamic Trade Finance Corporation (ITFC), the ...
Tax Authority Urges Exporters to Join E-Bill As Condition for Benefiting from State Subsidy
12/14/2020 - Head of the Egyptian Tax Authority Reda Abdel Qader has appealed to exporters to join electronic bill payment system, known as (e-bill), as of July 1, 2021, in order to benefit from state subsidy to t...
State Bodies Join Hands to Face Covid 19 Pandemic Outbreak - Minister
12/14/2020 - Petroleum Minister Tarek el Molla said all state institutions rallied their efforts to preserve lives of people and at the same time keep the production process going on during the Covid 19 pandemic....
Egyptian-Lebanese Business Association Holds Seminar Wednesday
12/14/2020 - The Egyptian-Lebanese Businessmen Association will organize a seminar themed "Sustainable Development Plans Within 2030 Egypt Vision" with the participation of Planning and Economic Development Minist...
US Dollar to Egyptian Pound Exchange Rates Witness Slight Increase
12/14/2020 - Global negative-yielding debt jumped to $17.5 trillion in 2020, on a par with all-time highs, pushing investors into riskier assets as they searched for yield, widening in turn the range of low- or ne...
Egypt Puts People at Heart of Green Economy Transition, Says Minister
12/15/2020 - Minister of International Cooperation Rania el Mashat said she has put all her support behind the push for cooperation around a green and circular economy.

"The years 2020-2021 must be the ...

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