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Financials and Investment News in Egypt

Fitch Solutions Revises Egypt’s Real GDP Growth Slightly
5/15/2022 - Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly Outl...
ICT Minister Probes Global Tech Giant Stmicroelectronics' Investment Plans in Egypt
5/15/2022 - Minister of Communication and Information Technology Amr Talaat and STMicroelectronics' Executive Vice President Ricardo De Sa Earp reviewed the company's investment plans in Egypt.

Headq...
Finance Min.: 90% of Financial Directorates to Be Mechanized By End of June
5/15/2022 - Finance Minister Mohamed Maait said 90 percent of financial directorates will be mechanized before the end of June, thus contributing to upgrading the financial performance of administrative bodies in...
Egypt Expected to Reach Agreement on New Imf Programme Within ‘Very Few Months’: Pm
5/15/2022 - Egypt is negotiating with the International Monetary Fund (IMF) on a new cooperation programme to support the country's comprehensive economic reforms and an agreement is expected to be reached within...
Egypt's FM Highlights Green Investment Opportunities .
5/16/2022 - Foreign Minister Sameh Shoukry highlighted green investment opportunities in Egypt during the US GreenTech Business Mission delegation’s visit to Cairo, especially in light of its hosting of the 2022 ...
PM Reviews Several Proposals to Lure More Investments
5/16/2022 - Prime Minister Moustafa Madbouli asserted the importance of going ahead with promoting ongoing efforts to attract more investments to the Suez Canal Economic Zone (SCZone) as per constant directives o...
Dollar Down on Onset of Monday's Transaction
5/16/2022 - The exchange rate of the US dollar against the Egyptian pound went down at the beginning trading at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rat...
Maait Reviews in Dakar Egypt's Successes in Issuing Green Bonds
5/16/2022 - Egyptian Finance Minister Mohamed Maait Mondayattended here a working session on global financial building and the necessity that Africa has a voice in this regard.

The session convened as...
Egypt’s Sovereign Fund Becomes A Full IFSWF Member
5/17/2022 - The International Forum of Sovereign Wealth Funds (IFSWF) — a global network of sovereign wealth funds from over 40 countries — admitted the Sovereign Fund of Egypt (TSFE) as a full member along with ...
Egyptian Expats’ Remittances Rise By 12.8% in March, Reach $3.3bln: CBE
5/17/2022 - Remittances of Egyptian expats rose by 12.8 percent in March to reach $3.3 billion, up from then $2.9 billion recorded in the corresponding month of 2021, according to the Central Bank of Egypt (CBE)....
PM Chairs Meeting of Coordinating Council for Monetary, Financial Policies
5/17/2022 - Prime Minister Mostafa Madbouli chaired a meeting of the Coordinating Council for Monetary and Financial Policies in the presence of Governor of the Central Bank of Egypt (CBE) Tareq Amer and Plannin...
US Dollar Exchange Rate Declines Against EGP
5/18/2022 - The exchange rate of the US dollar against the Egyptian pound slightly declined , after the Central Bank of Egypt raised the interest rate by 1% in March.

At the National Bank of Egypt (NB...
CBE to Decide on Key Interest Rates on Thursday Amid Rising Inflation
5/18/2022 - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to convene to review the key interest rates for the third time in 2022 and for the second time since the breakout of the R...
Fewer Burdens on Importers
5/18/2022 - Not all importers will be obliged to sign letters of credit as a result of a new presidential decree.

Egypt’s business and importers community welcomed President Abdel-Fattah Al-Sisi’s de...
Fewer Burdens on Importers
5/18/2022 - Not all importers will be obliged to sign letters of credit as a result of a new presidential decree.

Egypt’s business and importers community welcomed President Abdel-Fattah Al-Sisi’s de...
Egypt And EU Strengthen Cooperation
5/18/2022 - The European Union is strengthening its cooperation with Egypt in fighting terrorism and building bilateral relations.

The Egyptian port city of Alexandria witnessed the celebration of Eu...
A Revamp of Economic Policy
5/18/2022 - The market awaits the implementation of some very bold government promises.

This week Prime Minister Mustafa Madbouli told a press conference that the government was seeking to re-engage ...
UAE Participates in 7th Annual Meeting of Board of Governors of New Development Bank
5/20/2022 - Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, yesterday participated in the 7th annual meeting of the Board of Governors of the New Development Bank (NDB) of the BRICS countries, ...
“Egypt’s Future” Project Achieve Self-Sufficiency of Crops
5/21/2022 - Assistant minister of agriculture and land reclamation Mohamed El Kersh has stressed the importance of “Egypt’s Future” project inaugurated by President Abdel Fattah El Sisi.

In stateme...
Planning Minister Calls for Applying Financial Inclusion in "Decent Life" Villages
5/21/2022 - Minister of Planning and Economic Development Hala El Said has stressed the importance of applying financial inclusion in all villages covered by "Decent Life" presidential initiative to develop the E...

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