Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Minister: IMF Praises Have Positive Impacts on Investment Climates in Egypt
12/19/2020 - Finance Minister Mohamed Maait said that the International Monetary Fund’s (IMF) praises would have positive impacts on the investment climate in Egypt.
Maait said in a statement that such...
Minister: Egypt Registers Primary Surplus of EGP 105.5 Bln Despite Coronavirus Crisis
12/19/2020 - Finance Minister Mohamed Maait said that Egypt registered a primary budget surplus of EGP 105.5 billion despite the outbreak of coronavirus pandemic.

Maait’s comments came in a speech he de...
Egypt Approves Exporting 95,000 Hatching Eggs to Jordan
12/19/2020 - The Ministry of Agriculture and Land Reclamation announced that it has approved the export of 95,000 hatching eggs to Jordan in accordance with all necessary quarantine procedures.

The move...
Egypt Signs Agreements With USTDA to Upgrade Major Refineries
12/19/2020 - Egypt’s Ministry of Petroleum and Mineral Resources signed two grant agreements with the US Trade and Development Agency worth US$1.4 million enabling the Amreya Petroleum Refining Company (APRC) and...
Gold Prices Decline in Egyptian Market With 21-Karat at LE 817
12/27/2020 - Gold prices declined in Egypt on Sunday with the price of 21-karat (the market’s highest selling gold) falling by three LE per gram to LE817, comparing to Saturday’s price of LE820.

The val...
Egypt, Sudan Agree on Logistic Measures for Utilizing Egypt’s Ports
12/27/2020 - The head of the Egyptian Customs Authority Kamal Negm announced Sunday that an agreement has been reached with Sudan on all logistics measures necessary to use Egyptian ports, especially in Ain Sokhna...
Egypt Reaches $540 Mln Settlement Agreement With Canada’s Nutrien Company
12/28/2020 - Egypt’s ministries of finance, petroleum and mineral resources have reached a final settlement agreement with the Canadian Nutrien Ltd Company (formerly Agrium), Egypt’s Ministry of Finance announced ...
Egypt, EIB Sign Agreement to Fund 3 Transport Projects
12/29/2020 - International Cooperation Minister Rania el Mashat and Flavia Palanza, the Director of Operations in EU Neighboring Countries at the European Investment Bank (EIB), have signed an agreement worth 1.1 ...
CBE Renews Suspension of ATM and Banking Transaction Fees Until June 2021
12/29/2020 - The Central Bank of Egypt (CBE) decided to renew until June 2021 a number of procedures it has put in place since the onset of the COVID-19 outbreak.

The bank had renewed the measures in Se...
No rise in fuel prices: cabinet
12/29/2020 - The Cabinet media center denied news circulated about raising the fuel prices after amending the cost of fuel used in constructing and refurbishing public roads.

The information center, in ...
Egypt Extends Real-State Tax Return Submission Deadline to End-March
12/29/2020 - Egypt’s ministry of finance extended the deadline of submitting real-estate tax returns through to the end of March 2021, Minister of Finance Mohamed Maait announced .

Maait said that the ...
US Dollar to Egyptian Pound Exchange Rate Sees Slight Increase
12/30/2020 - The US dollar to Egyptian pound exchange rate on Wednesday saw a slight increase, recording LE15.66 for purchase and LE15.76 for sale at the Central Bank of Egypt (CBE).

The Emirati Dirham ...
EGX Gains EGP 3.1bln, All Indexes Up
12/30/2020 - The Egyptian Exchange (EGX) indexes went up collectively at the close trading, backed by purchases from local and foreign institutions and investment funds.

Meanwhile, sales prevailed in tr...
Finance Min. Launches 1st Phase of Automated Unified Tax System
1/3/2021 - Finance Minister Mohamed Maait launched the first phase of the automated unified tax procedures system at centers for medium and large-sized taxpayers, as well as major liberal professions.

...
EGX Gains EGP 2.5bn at End of 1st Session in 2021
1/3/2021 - The Egyptian Exchange gained 2.5 billion pounds at the end of trading on the back of buying operations by investors optimistic about market performance as a new year begins.

The EGX 30 be...
Egypt’s FRA Launces Initiative to Merge Informal Businesses Into Formal Economy
1/3/2021 - Egypt’s Financial Regulatory Authority (FRA) launched an initiative that aims to merge informal economic activities into the formal economy using digital payment instruments.

The Digital Fi...
Egypt's Suez Canal Revenues Down 3.4% in 2020
1/3/2021 - Egypt’s Suez Canal reported a 3.4 percent drop in its revenues in 2020, the canal’s authority chairman Osama Rabie announced .

In an official statement, Rabie said the canal’s revenues reco...
Afcfta to Offer 1.5 Bn Jobs, Achieve Trade Exchange Worth $3.4 Tn: EJB
1/3/2021 - The African Continental Free Trade Agreement (AfCFTA) is expected to offer jobs for more than 1.5 billion people, with a projected trade exchange worth $3.4 trillion, the trade committee of the Egypti...
PM: Banquemisr, NBE to Partake in Development of Provincial Capitals And Major Cities
1/5/2021 - Prime Minister Moustafa Madbouli chaired a meeting on to follow up a national project to develop provincial capitals and major cities.

The videoconferencing meeting, attended by Mohamed El-...
Egypt’s International Reserves Jump to $40 Bln for First Time Since October: CBE
1/5/2021 - Egypt’s net international reserves (NIRs) rose to $40.06 billion by the end of December 2020, up from $39.2 billion recorded in October and November, the Central Bank of Egypt announced .

T...

Accounting, Statistics Asset Portfolio Management Economics/Financial Analysis Gas Export General Investment Mergers and Acquisitions
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.