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Financials and Investment News in Egypt

Transport Min. Inspects Egyptian Railway Hospital
8/20/2022 - Transport Minister Kamel El Wazir said that the Egyptian Railway Hospital witnessed an unprecedented leap in offering different types of healthcare.

While inspecting the Egyptian Railway H...
PM: Govt Targets Boosting Tourism Sector to Stimulate Growth
8/21/2022 - Prime Minister Mostafa Madbouli said that the government targets pushing forward the tourism sector to contribute to boosting the country’s growth to reach unprecedented levels.

Madbouli’s...
PM Discusses Operating Low-Cost Flights to Promote Inbound Tourism
8/21/2022 - Prime Minister Mostafa Madbouli discussed in a meeting with Civil Aviation minister Mohamed Abbas Helmy and Tourism and Antiquities Minister Ahmed Eissa the possibility of operating low-cost flights t...
Egypt to Launch Global Climatech Run 2022 Initiative Ahead of Cop27
8/21/2022 - The Ministry of International Cooperation and Ministry of Communication and Information Technology will launch on Monday the Global Climatech Run 2022 initiative that will foster tech-based startups t...
Tenders to Be Issued for Three Industrial Complexes in Upper Egypt: Minister
8/21/2022 - Minister of Trade and Industry Ahmed Samir said the Industrial Development Authority plans to issue tenders for three new industrial complexes comprising 1,000 industrial units in three Upper Egypt go...
Gdp Up By 0.6% and Employment Up By 0.3% in The Euro Area
8/23/2022 - The 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 remained stab...
CBE: Remittances of Egyptians Abroad Hit Dlrs 31.9 Bln in FY 2021-22
8/23/2022 - The Central Bank of Egypt (CBE) said that remittances of Egyptians working abroad recorded about dlrs 31.9 billion in FY 2021-22, with an increase of 1.6 percent, compared to about dlrs 31.4 billion i...
Mashat: Growing Start-Ups, Fintech Reflect Efforts of Gov't, Private Sector
8/23/2022 - Minister of International Cooperation Rania el Mashat asserted the importance of continuing growth and potential investment opportunities in the sector of start-ups and technology of financial service...
Aswan Governor Discusses Establishing Huge Industrial Complex for Fertilizers
8/24/2022 - Aswan Governor Ashraf Attia met with Amr Fayed, representative of the Indian IVL Dhunseri Polyester Company, as well as officials of the Misr Phosphate Company, to review the establishment of the larg...
Khalil Hopes House Committee's Budget Discussions to Be Wrapped Up in Coming Days
8/24/2022 - Caretaker Minister of Finance, Youssef Khalil, on Wednesday hoped that the finance House committee will finalize the study of the 2022 state budget in the next few days after his ministry has sent the...
Egypt, Cyprus Discuss Preparations for COP27
8/24/2022 - Minister of Petroleum Tarek el-Molla discussed in a meeting with Cypriot Minister of Agriculture, Natural Resources and Environment Costas Kadis,Cypriot Ambassador to Egypt Polly Loannou and their ac...
Dollar Exchange Rate Stable At Egypt Major Banks
8/24/2022 - 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 recorded EGP 19.12 for buy...
Ministers, AOI Chief Probe Boosting Cooperation
8/24/2022 - State Minister for Military Production Mohamed Salaheddin, Minister of Public Business Sector Mahmoud Esmat and Chairman of the Arab Organization for Industrialization (AOI) Mokhtar Abdel Latif discus...
EGP 225 Bn Cost of Programs Supporting Sustainable Development, Infrastructure
8/24/2022 - Local Development Minister Hisham Amna said the ministry implemented projects at EGP 225 billion for supporting sustainable development and infrastructure.

He noted that 38 million citizen...
Finance Min.: Streamlining Customs Procedures Between Egypt, Jordan to Enhance Trade
8/24/2022 - Finance Minister Mohamed Maait reviewed the outcome of the meetings held between Head of the Egyptian Customs Authority (ECA) Al-Shahat Ghatouri and director of the Jordanian customs department.
Finance Minister: Providing Basic Needs 'Presidential Priority' Despite Global Challenges
9/3/2022 - Minister of Finance Mohamed Maait 03/09/2022 that providing the basic needs of citizens represents a “presidential priority” despite all serious global challenges that severely pressure the state’s ge...
Entrench Citizen Participation in State Financial Policy-Making Process
9/3/2022 - Finance Minister Mohamed Maait said that encouraging participatory budgeting aims at entrenching citizen participation in the state's financial policy-making process and enhancing the principles of tr...
Cabinet: Egyptian Economy Strong, Resilient, Flexible Before Crises
9/3/2022 - The Cabinet's media center asserted the Egyptian State - over the past eight years- sought to build a national economy that has flexible and competitive advantages.

Such leverages are main...
Africa Is in Need of Sufficient, Just And Urgent Climate Action Financing: Mohieldin
9/6/2022 - Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt, said , that Africa is in need of sufficient, just and urgent financing for all aspects of climate action to help it face climate cha...
Egypt Agrees to Receive 63,000 Tons of Imported Wheat at Russian Supplier's Responsibility
9/6/2022 - Egypt has agreed to receive 63,000 tons of imported wheat at the Russian supplier's responsibility, said Supply and Internal Trade Minister Ali el Moselhi.

The shipment, which includes Ukr...

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