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Financials and Investment News in Egypt

Egypt's CBE to Review Interest Rates on Thursday
6/22/2022 - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene to review the key interest rates for the fourth time in 2022 and for the third time since the outbreak of...
To Hike or Not to Hike?
6/22/2022 - Doaa A. Moneim reports on what the Central Bank of Egypt’s Monetary Policy Committee will likely decide on interest rates this week

The Central Bank of Egypt’s Monetary Policy Committee (M...
Egypt, Germany Ink Joint Declaration of Intent to Train Egyptian Business Executives
6/22/2022 - Trade and Industry Minister Nivene Gamea and German Economy and Climate Action Minister Robert Habeck signed a joint declaration of intent concerning extending German-Egyptian cooperation to impleme...
Planning Minister Calls on Innovators to Focus on Green Economy, Sustainability
6/25/2022 - Minister of Planning and Economic Development Hala el Saeed called on young innovators to focus on green innovations that consider emissions reduction and the sustainability of natural resources.
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Egypt, Russia Discuss Agricultural Cooperation
6/25/2022 - Supervisor of external agricultural relations Saad Mousa discussed with a delegation of the Russian Association of Manufacturers of Specialized Machinery and Equipment (Rosspetsmash) means of boosting...
INTERVIEW: Global Inflationary Wave Impacted Egypt’s Non-Oil Sector
6/26/2022 - Hit by cascading crises, Egypt’s latest Purchasing Managers’ Index (PMI) showed that the country’s non-oil business sector was noticeably impacted by global inflationary pressures, Economist at Standa...
Al Mashat Says Int’l Co-Op Is Vital to Enhance Climate Financing Infrastructure
6/26/2022 - Minister of International Cooperation, Dr. Rania A. Al-Mashat reiterated at the HSBC Climate Event that international cooperation is critical to ensure that countries put their pledges into action and...
PM Reviews Progress of Investment Projects of Sovereign Fund of Egypt
6/26/2022 - Prime Minister Mustafa Madbouli held Sunday a meeting to get familiar with the progress in the investment projects of the Sovereign Fund of Egypt.

The meeting grouped Planning Minister Hal...
GAFI Head Urges Fostering Investment Relations With Saudi Arabia
6/26/2022 - Chief Executive Director of the General Authority for Investment & Free Zones (GAFI) Mohamed Abdel Wahab called for strengthening investment relations between Egypt and Saudi Arabia, especially in lig...
Gafi Head Urges Fostering Investment Relations With Saudi Arabia
6/26/2022 - Prime Minister Mostafa Madbouli said Sunday the development of lakes came upon the directives of President Abdel Fattah el Sisi to increase fish wealth production and preserve the environment.

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Madbouli: Development of Lakes Aimed at Increasing Fish Production
6/26/2022 - Prime Minister Mostafa Madbouli the development of lakes came upon the directives of President Abdel Fattah el Sisi to increase fish wealth production and preserve the environment.

Madboul...
Planning Ministry Signs 5 Cooperation Protocols to Support Entrepreneurship
6/26/2022 - Planning Minister Hala el Saeid attended the inking ceremony of five cooperation protocols between her Ministry and a number of bodies concerned with entrepreneurship in Egypt.

The protoco...
Wheat Stock Enough for Nearly 5.7 Months
6/26/2022 - Minister of Supply and Internal Trade Ali Moselhi said the country’s strategic stock of wheat is sufficient for nearly 5.7 months.

At a press conference, the minister said sugar stockpile...
IDSC to Discuss State Ownership Policy Document in Electronic Industries Sunday
6/26/2022 - The Cabinet's Information and Decision Support Center (IDSC) will hold on Sunday a workshop on discussing the State Ownership Policy Document in the electronic industries, the fifth panel discussion b...
Luring Investments Presidential Priority to Achieve Goals
6/27/2022 - Finance Minister Mohamed Maait said attracting local and foreign investments is a top presidential priority to achieve economic and developmental goals amid a growing array of global economic challeng...
El Molla Meets OAPEC’s Secretary General To Discuss Latest Achievements
6/27/2022 - Minister of Petroleum and Mineral Resources Tarek El Molla has met with Secretary General Ali Sabt Bin Sabt of the Organization of Arab Petroleum Exporting Countries (OAPEC) to discuss the latest achi...
To keep the economy moving
6/28/2022 - The Egyptian economy is at a crossroads, report Niveen Wahish and Sherine Abdel-Razek.

In 2013, the year the Muslim Brotherhood was removed from power, the outlook for the Egyptian economy...
Maait Says Keen on Holding Direct Contact With Business Community
6/28/2022 - Finance Minister Mohamed Maait affirmed keenness on holding direct contact with the business community in order to get acquainted with any obstacles besetting them.

The move would contri...
Gov't Supports Cooperation With Int'l Companies in Green Energy Sphere
6/28/2022 - Petroleum and Mineral Resources Minister Tarek el Molla affirmed that the government is keen on supporting cooperation with the various international companies, which seek to implement activities and ...
Trade Exchange Between Egypt, Oman Up 7.2% In 2021: CAPMAS
6/28/2022 - The value of trade exchange between Egypt and Oman went up to 586.2 million dollars in 2021 against 546.9 million dollars in 2020 with a 7.2 percent increase, said the Central Agency for Public Mobili...

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