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Financials and Investment News in Egypt

Finance Minister: Egypt Keen on Reaching Unified Vision to Protect African Economies
6/4/2022 - Minister of Finance Mohamed Maait said that Egypt is keen to reach a unified vision to protect African economies from global shocks that have intensified with the outbreak of war in Europe in wake of...
Gamea, Maait, Qatari Official Tour 'Our Heritage' Exhibition in Sharm
6/4/2022 - Trade and Industry Minister Nivine Gamea, Finance Minister Mohamed Maait and visiting Qatari Finance Minister Ali bin Ahmed al Kuwari toured the pavilion of "Our Heritage” exhibition for handicrafts a...
Cooperation With International Islamic Trade Finance Corporation
6/4/2022 - Trade and Industry Minister Niven Gamea said Friday 03/06/2022 that the working program, signed between her ministry and the International Islamic Trade Finance Corporation, and the Islamic Corporatio...
PM: "Clarify Egypt's Vision Toward National Economy
6/4/2022 - Egypt has prepared the "State Ownership Policy Document" in order to shed light on its policy toward the national economy within the upcoming period, said Prime Minister Moustafa Madbouli.

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Egypt Delays Sukuk Issuance to FY2022/23: Finance Minister
6/4/2022 - Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
Greek-Egyptian Business Gathering Discusses Cooperation Between The Two Countries
6/5/2022 - The Arab-Hellenic Chamber of Commerce and Development (AHCCD) in Athens held in the Greek capital a Greek-Egyptian business gathering to discuss the current level of investment and potential opportuni...
PM Chairs Meeting of Higher Committee for Economic Performance
6/6/2022 - Prime Minister Moustafa Madbouli has chaired the meeting of the Higher Committee for Economic Performance.

The meeting, held Sunday evening, was attended by a host of ministers and high-le...
Egypt’s Net Foreign Reserves at $35.5 Billion By End of May 2022
6/6/2022 -  Egypt’s net foreign reserves decreased $1.63 billion during May, the Central Bank of Egypt (CBE) announced .

The net foreign currency reserves reached $35.5 billion by the end of May 2022...
Egypt, ILO Probe Joint Work Priorities, Bilateral Cooperation
6/7/2022 - Egyptian Minister of Manpower Mohamed Saafan has discussed with Director-General of the International Labor Organization (ILO) Gilbert Houngbo his ministry’s work priorities with the ILO in the coming...
Egypt, UAE, Jordan Discuss Enhancing Financial, Banking Cooperation
6/7/2022 - Governor of the Central Bank of Egypt (CBE) Tarek Amer discussed in a meeting with his Emirati and Jordanian counterparts means of enhancing financial and banking cooperation, especially with regard t...
Dollar Price Stable at Egypt Major Banks
6/7/2022 - The US dollar exchange rate was stable at the beginning of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 18.60 f...
A Greener Economy on World Environment Day
6/8/2022 - Al-Ahram Weekly reports on Egypt’s celebrations for this year’s World Environment Day on the 50th anniversary of the first UN conference on the environment.

This year marks the 50th annive...
Sczone, Colón Free Zone Ink Cooperation Deal
6/13/2022 - Chairman of the Suez Canal Economic Zone (SCZone) Yehia Zaki signed with General Manager of the Colón Free Zone Administration Giovanni Bruno Ferrari a cooperation agreement in the presence of Assist...
UAE-Based Investment Firm Chimera Offers to Acquire Egypt-Based Beltone Financial
6/14/2022 - UAE-based investment company Chimera Investments submitted a non-binding offer to Egypt’s Financial Regulatory Authority (FRA) to acquire a controlling stake in Egypt-based Beltone Financial Holding, ...
Int'l Bankers, Officials to Take Part in 29th Afreximbank Meetings Wednesday
6/14/2022 - The 29th annual meetings of the Africa Export-Import Bank will kick off with more than 3,000 high-profile international bankers and officials taking part.

Themed “Realizing the AfCFTA Pote...
Dollar Prices Stable at Egypt's Major Banks
6/14/2022 - he US dollar exchange rate was stable at the beginning of Tuesday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP...
PM: Gov't Adopts Integrated Vision for State Involvement in Various Sectors
6/14/2022 - Prime Minister Mostafa Madbouli said that the “State Ownership Document” had been drawn up after studying 30 similar examples of international experience.

Addressing a plenary session to l...
TSFE's Role ''Crucial" in Increasing Private Sector's Participation: State Policy Document
6/14/2022 - The State Ownership Policy Document said that the role of the Sovereign Fund of Egypt (TSFE) is pioneering in terms of increasing the private sector's participation in the state-owned assets.

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PM:State Ownership Policy Document Sets Egypt's Approach Toward Assets
6/14/2022 - Prime Minister Mostafa Madbouli said the main goal of the State Ownership Policy Document is to outline the State's policy toward its own assets and the economic domains in which it will operate in th...
Planning Ministry Presents Government’s Achievements in “Building People” in 8 Years
6/15/2022 - In a report issued by the Ministry of Planning and Economic Development, the government reviewed the achievements of the state in "Building People" in 8 years (July 2014 - June 2022) based on the "Pro...

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