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Financials and Investment News in Egypt

Kabbag: Cooperation Protocol to Be Signed With Qatar
8/11/2022 - Social Solidarity Minister Nivine Kabbag said a cooperation protocol will be signed with Qatar to promote bilateral cooperation and exchange experts.

She made the remarks on Wednesday duri...
PM Follows Up Progress of New Capital's Projects
8/11/2022 - Prime Minister Moustafa Madbouli chaired a meeting on Wednesday to follow the progress of the projects under way in the New Administrative Capital, including government buildings, construction work, d...
Egypt's Foreign Exchange Gap Closing.
8/13/2022 - The foreign exchange gap in Egypt is closing, as the dollar gap decreased from $3.9 billion last February to $400 million in July thanks to the decisions of the Central Bank of Egypt (CBE) to regulate...
Egypt's Bourse Up Following Cabinet Reshuffle
8/14/2022 - Egyptian Exchange (EGX) indexes posted collective gains at the start of this week's trading session following the cabinet reshuffle that covered many economic portfolios.

The market capita...
Dollar Exchange Rate Stable at Egypt Major Banks
8/14/2022 - The US dollar exchange rate was stable at the beginning of Sunday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr the dollar rate recorded EGP 19...
Citizens Continue Converging on "We Are All One" Initiative Outlets
8/14/2022 - Citizens continue converging on the outlets of "We are all one" initiative that provides high-quality basic and food commodities at affordable prices.

The initiative was launched mid March ...
Madbouli Probes Maritime Cooperation With Tunisia, Algeria
8/15/2022 - Prime Minister Mostafa Madbouli highlighted the significant role played by the maritime transport sector in boosting Egypt’s trade and increasing its exports, affirming the importance of strengthening...
PM Follows Up on Status of Utility Projects Nationwide
8/15/2022 - Prime Minister Mostafa Madbouli chaired a meeting with Minister of Housing, Utilities and Urban Communities Assem el Gazzar to follow up on the status of utility projects being carried out nationwide,...
Unemployment Rate in Egypt Stable at 7.2 Percent in Q2/2022
8/15/2022 - Egypt’s Central Agency for Public Mobilisation and Statistics (CAMPAS) announced that the unemployment rate in Egypt in Q2/2022 remains unchanged at 7.2 percent, a slight increase from the previous qu...
Fitch Expects Real GDP Growth of 0.16% for Egypt in 2022; Keeps Inflation at 13.2%
8/15/2022 - Fitch Solution has upgraded its projection for Egypt’s real GDP growth in 2022 by 0.16 percent to reach 6.17 percent, up from 6.1 percent predicted in July, according to its monthly economic outlook o...
Manpower Minister: Sisi Ordered Constant Contact With Citizens to Offer Them Best Services
8/16/2022 - Minister of Manpower Hassan Shehata said that President Abdel Fattah El Sisi issued directives officials to constantly contact citizens and offer them the best services along with working on spreading...
Finance Min:Utmost Efforts to Be Exerted to Serve Citizens
8/16/2022 - Finance Minister Mohamed Maait stressed that he will do his best to contribute to building the "new republic" as President Abdel Fattah El Sisi renewed confidence in him in view of the recent cabinet ...
ICT Min Inspects 1st Phase of City of Knowledge Project in New Capital
8/16/2022 - Minister of Communication and Information Technology (MCIT) Amr Talaat on Monday 15/8/2022 paid an inspection tour of the City of Knowledge under construction in the New Administrative Capital.
PM Checks on Egypt's Strategic Reserves of Essential Commodities, Status of Crop Cultivation
8/16/2022 - Prime Minister Mostafa Madbouli chaired a meeting to check on the country’s strategic reserves of essential commodities, as well as the status of crop cultivation within the framework of the State’s p...
Irrigation Min., Gharbia Governor Review Ongoing Projects, Water Policy
8/16/2022 - Irrigation Minister Hany Suwilam held a meeting with Gharbia Governor Tareq Rahmy.

The meeting probed the ministry's under-construction projects in the governorate.

The two off...
3.91% Increase in Extractives & Transition Industries in May 2022
8/16/2022 - Central Agency for Public Mobilization and Statistics (CAPMAS) showed a 3.91% increase in the record of the extractives and transition industries (without crude oil and oil products to 113.27 in May 2...
Madouli Inspects Alexandria Port, Follows Ups ACI Implementation
8/17/2022 - Prime Minister Mostafa Madbouli inspected Alexandria Port to follow up on the projects underway at the port.

The premier was accompanied by Minister of Finance Mohamed Maait, Minister of ...
Mulla, Denmark's Haldor Topsoe Delegation Probe Joint Cooperation
8/17/2022 - Minister of Petroleum and Mineral Resources Tareq el-Mulla discussed with President and CEO of Denmark's Haldor Topsoe Roeland Baan and his accompany delegation cooperation in energy transition projec...
SZONE, Toyota Tsusho Corporation Sign Mou
8/17/2022 - Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) Walid Gamal el-Din has signed a memorandum of understanding with Toyota Tsusho Corporation.

The move falls within...
Global Finance Lists CBE Governor Tarek Amer Among World's Best Central Bank Governors in 2022
8/17/2022 - Global Finance magazine has released the names of Central Bank Governors who earned the highest grades, “A+”, “A” or “A-”, in the Central Banker Report Cards 2022.

Governor of the Central ...

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