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Financials and Investment News in Egypt

WB Approves $500 Mln Loan to Support Egypt’s Food Security, Social Protection Net
6/29/2022 - The World Bank’s (WB) Board of Executive Directors announced its approval of a $500-million-loan to back Egypt’s social protection net and food security in the face of the impacts of the Russian-Ukrai...
PM, Finance Min. Review Targets of New Budget
6/29/2022 - Prime Minister Moustafa Madbouli held a meeting on Wednesday 29/6/2022 with Finance Minister Mohamed Maait, in the presence of deputy Finance Minister Ahmed Kouchouk to review targets of the new budge...
WB Approves Dlrs 500 Million to Boost Food Security Efforts in Egypt
6/29/2022 - The World Bank Group’s Board of Directors approved dlrs 500 million in development funds to enhance Egypt's efforts to achieve food security, strengthen the resilience of the Egyptian economy in the f...
Egypt, Austria Ink Contract oOperating Abbasiya Workshop to Manufacture Railroad Switches
7/4/2022 - Transport Minister Kamel El Wazir, Austrian Foreign Minister Alexander Schallenberg and Austrian Interior Minister Gerhard Karner witnessed on Monday the signing of a contract on establishing a joint ...
Egyptian President Urges Rationalising Gov’t Spending, Enhancing Social Protection Programmes
7/4/2022 - President Abdel-Fattah El-Sisi instructed the Ministry of Finance on Monday to work on rationalising government spending and focusing on the enhancement of social protection programmes in the coming p...
Egypt To Offer $40 Bln in State-Owned Assets for Egyptian, Foreign Investors
7/4/2022 - Egypt will offer $40 billion worth of state assets to Egyptian and foreign investors in the form of profit sharing, production and management partnerships, and having a share in the companies’ capital...
PM Opens 6 Branches of "Gosour" Company
7/5/2022 - Prime Minister Mostafa Madbouli opened six branches of "Gosour" (Bridges) company, accompanied by a host of cabinet members and senior state officials.

Madbouli also witnessed the launch o...
Irrigation Min., ACSAD Director Discuss Cooperation in Field of Water Resources
7/5/2022 - Minister of Water Resources and Irrigation Mohamed Abdel Aati met Tuesda with Director General of the Arab Centre for the Studies of Arid Zones and Drylands Nasr Edin Obaid and his accompanying delega...
PM Follows Up Progress in Establishing 13 Industrial Complexes
7/5/2022 - Prime Minister Mostafa Madbouli held a cabinet meeting to follow up on progress in establishing and operating 13 industrial complexes in different governorates.

The meeting was attended by...
Int'l Coop., Civil Aviation Ministers Probe Cooperation With European Investment Bank
7/5/2022 - Minister of International Cooperation Rania Al-Mashat said the government is working on executing many projects with the European Investment Bank (EIB), in line with Egypt's National Strategy for Clim...
Egypt, UK Agree to Step Up Efforts to Boost Intra-Trade, Investment
7/5/2022 - Egypt and the UK agreed to step up efforts to boost intra-trade and investment.

This came in a joint statement issued following the first Egypt-UK Association Council in London that was ch...
Egypt’s PMI Recorded Lowest Level in 2022 in June: S&P Global
7/6/2022 - Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private sector — released by the American credit rating agency Standard and Poor’s (S&P) — started to inch down in June after its slight climb ...
Transport min., EIB vice president discuss executive position of several projects
7/6/2022 - Transport Minister Kamel el-Wazir discussed with a delegation from the European Investment Bank (EIB) under Vice President Gelsomina Vigliotti the executive position of a number of ongoing projects im...
21.7% Increase in Trade Exchange Between Egypt, GCC States in 2021
7/16/2022 - The trade exchange between Egypt and the Gulf Cooperation Council (GCC) member states increased 21.7 percent to record 16.1 billion dollars in 2021, up from 13.3 billion in 2020, the Central Agency fo...
Mashat: Int'l Partnerships of Egypt Depend on 4 Axes
7/16/2022 - Minister of International Cooperation Rania el Mashat said international partnerships of Egypt are based on four key axes; state ownership, promotion of partnerships' harmony with development partners...
Fitch Solutions Revises Egypt’s Real Gdp Growth Up 0.1%, Projects 13.2% Inflation In 2022
7/17/2022 - Fitch Solutions upgraded its projections for Egypt’s real GDP growth slightly to 6.1 percent during 2022, up from the six percent projected a month ago, according to the MENA Key Themes 2022: Mid-Year...
Volume of Trade Exchange Between Egypt, Germany Reached €5.1 Bln in 2021
7/17/2022 - Economic relations between Egypt and Germany are based on successful investments in the sectors of energy, transport, automobile manufacturing, and digitalization.

According to recent figu...
PM Says State Targets Qualified Cadres to Develop Government Work
7/17/2022 - Prime Minister Mostafa Madbouli said the State focuses on selecting qualified citizens to develop the government work.

The premier made the remarks during his meeting with Head of the Cent...
Gov't Denies Claims on Egypt's Suffering from Food Commodities Shortage
7/17/2022 - The cabinet's media center denied reports claiming that Egypt is suffering from shortage of food commodities over the international food crisis.

In a statement , the center said it contact...
PM Reviews Efforts to Upgrade Capitals of Governorates
7/18/2022 - Prime Minister Moustafa Madbouli said on Monday 18/7/2022 that Egypt follows up the implementation of urban development projects meant to upgrade capitals of governorates.

Madbouli, in a m...

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