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Financials and Investment News in Egypt

Gazzar Follows Up Work Progress at Projects in New Thebes
6/15/2022 - Minister of Housing, Utilities and Urban Communities Assem el-Gazzar followed up on the executive position of the ongoing projects in the service and utilities in the New Thebes City in Luxor Governor...
Egypt Renews Support tor D-8
6/15/2022 - Egypt renewed its support for the D-8 Organization for Economic Cooperation, which groups Egypt, Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.

The Egyptian Foreign M...
Aman for Microfinance Launches First Savings Investment Fund With Total Capacity of EGP 100 Mln
6/15/2022 - Aman for Microfinance, a subsidiary of Aman Group owned by Raya Holdings and the National Bank of Egypt, launched a new investment fund titled Aman Youm-B-Youm (Day by Day) with a total investment val...
Based Property Firm Aldar Eyes Majority Stake in Owned Real-Estate Developer Madinet Nasr
6/15/2022 - UAE-based Aldar Properties PJSC eyes a majority stake in the Egyptian state-owned real-estate developer Madinet Nasr for Housing and Development.

Sources from the Egyptian government and M...
CBE: Number of Business Development Centers to Be Raised to 100
6/18/2022 - Deputy Governor of the Central Bank of Egypt Sherif Lokman unveiled a plan for increasing the number of business development centers - which are being set up under the Nile Preneurs Initiative - from ...
Minister: Afreximbank Achieves Positive Results Despite Global Challenges, Income Up 15%
6/18/2022 - The African Export-Import Bank (Afreximbank) has managed to achieve positive financial results over the past two years despite global challenges, Minister of Finance and Chairperson of Afreximbank's G...
Egypt, EEC Probe Progress of Free Trade Deal
6/18/2022 - Trade and Industry Minister Nivine Gamea has underlined the importance of the free trade agreement, on which negotiations are currently in progress between Egypt and the Eurasian Economic Commission (...
Trade Official Says Sczone Could Be A Launching Pad for African, Eurasian Investments
6/18/2022 - Head of the Egyptian Commercial Service Yehia Al Wathiq Billah asserted the importance of using the Suez Canal Economic Zone (SCZone) as a launching pad for joint industries between African and Eurasi...
Trade Minister to Participate in 25th Arab-German Business Forum in Berlin
6/18/2022 - Minister of Trade and Industry Nevine Gamea will participate in the 25th Arab-German Business Forum, to be held in Berlin

In a statement , the German-Arab Chamber of Industry and Commerce...
Egypt, EU Showing Commitment to Intensified Dialogue and Strategic Cooperation
6/18/2022 - Ahead of the ninth meeting of the Egyptian-European Union Association Council in Luxembourg, the head of the EU Mission in Cairo Christian Berger spoke to Ahram Online on the prospects of further dia...
Saudi Crown Prince to Visit Egypt on Monday as Part of Regional Tour
6/19/2022 - Saudi Crown Prince Mohammed bin Salman is set to land in Egypt on his first leg of a three-nation regional tour, two diplomatic sources told Reuters.

The Crown Prince will meet Egyptian Pre...
Greece to Participate in Egypt-EU Association Council in Luxembourg on Sunday
6/19/2022 - Greek Minister of Foreign Affairs Nikos Dendias will participate in the Egypt-EU Association Council’s ninth meeting, which will be held in Luxembourg, according to a statement by the Greek Ministry o...
Trade Minister Discusses Investment Opportunities With Qatar
6/20/2022 - Trade and Industry Minister Nevin Gamea discussed with Qatari Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad Al-Sayed investment opportunities and capabili...
Egypt’s President Receives Saudi Crown Prince at Cairo Airport
6/20/2022 - Egyptian President Abdel-Fattah El-Sisi received Saudi Arabia’s Crown Prince Mohammed bin Salman at Cairo International Airport night, presidential spokesman Bassam Rady said in a statement.

...
Dollar Prices Stable at Egypt's Major Banks
6/21/2022 - The US dollar exchange rate was stable at the beginning transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 18.71 for ...
Egypt, S. Arabia Sign 14 Investment Agreements Worth $7.7bn
6/21/2022 - Saudi Trade Minister Majed Abdullah al Qassabi said that 14 investment agreements were signed with Egypt worth 7.7 billion dollars.

The agreements were signed in the fields of infrastructu...
Planning Minister Calls for Rallying Efforts to Overcome Global Economic Crisis
6/21/2022 - Minister of Planning and Economic Development Hala El Said has called for rallying the efforts of all state institutions to overcome the current global economic crisis, the worst in the world since th...
Tangible Rise in Egypt's Exports to Int'l Blocs in 2021: IDSC
6/22/2022 - The cabinet's Information and Decision Support Center (IDSC) said the value of Egypt's exports to international blocs, of which the country is a member, hit 35 billion dollars in 2021 with a 22 percen...
Egypt Followed Balanced Approach to Economic Reform Despite Global Crises
6/22/2022 - Egyptian Minister of Trade and Industry Niven Gamea asserted that Egypt followed a balanced approach down road toward economic reform in spite of the Russian-Ukrainian crisis and coronavirus pandemic....
Cabinet Holds Its Weekly Meeting in NAC
6/22/2022 - The Cabinet started its weekly meeting, chaired by Prime Minister Mostafa Madbouli at the New Administrative Capital (NAC) to probe a number of political, economic and social files and the latest glob...

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