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Financials and Investment News in Egypt

PM: Each Governorate Should Be Keen on Developing Its Main Entrance
9/6/2022 - Prime Minister Moustafa Madbouli affirmed that each governorate should be keen on developing its main entrance, as it truly reflects its identity and its cultural and historical pattern.

M...
PM: Development Works At Fayyoum's El Sawaqi Area Meet Requirements of Urbanization
9/6/2022 - The development works at El Sawaqi area (Water wheels area) in Fayyoum governorate meet the requirements of rapid urbanization of the city, affirmed Prime Minister Moustafa Madbouli.

The m...
President El-Sisi Reviews Economic Indicators
9/6/2022 - President Abdel Fattah El-Sisi met on Monday 5/9/2022with Prime Minister Dr. Moustafa Madbouly and Minister of Planning and Economic Development Dr. Hala Elsaid.

The Spokesman for the Pres...
Egypt PM Urges to Carry Out Climate Adaptation Programs
9/6/2022 - Egypt’s Prime Minister Mostafa Madbouly said it is time to put climate adaptation programs into effect and provide them with the necessary funding, particularly in developing countries.

Th...
Afreximbank, UN World Food Programme Egypt Discuss Cooperation, Food Security
9/6/2022 - Praveen Agrawal, the UN World Food Programme Representative and Country Director in Egypt, and Benedict Oramah, President of Afreximbank, will have a series of meetings before COP27 to discuss collabo...
Irrigation Min., WMO Chief Discuss Cooperation in Water Resources
9/7/2022 - Water Resources and Irrigation Minister Hani Sewilam met Wednesday with Secretary General of the World Meteorological Organization (WMO) Petteri Taalas and his accompanying delegation.

The ...
Kabbag: Ministry Turns Its Strategy Into Multifaceted Socio-Economic Development
9/7/2022 - Minister of Social Solidarity Nivine Kabbag asserted her ministry is turning its strategy into incorporating a multifaceted socio-economic development approach and restructuring it through establishin...
IDSC Publishes Video on Egypt's Efforts to Strengthen Financial System
9/7/2022 - The Information and Decision Support Center (IDSC) published a video , shedding light on efforts made by the Central Bank of Egypt to strengthen the infrastructure of the financial system in 2021.
...
GAFI Chief, Sudanese Min. Discuss Joint Cooperation
9/10/2022 - Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel Wahab has discussed with visiting Sudanese Investment and International Cooperation Minister Ahlam Madani Mahdi asp...
Minister: Egypt Exports 1st Onion Shipment to Pakistan
9/10/2022 - Agriculture and Land Reclamation Minister El Sayed el Quseir said Saturday that Egypt has exported the first onion shipment to Pakistani markets.

The minister received a report from head o...
GOEIC: Approved Exporter Platform to Be Launched on October 1 -
9/10/2022 - Head of the General Organization for Import and Export Control (GOEIC) Essam el Naggar announced that an Approved Exporter platform will be launched on the organization’s website on October 1.

...
PM, CBE Governor Probe Themes of Upcoming Economic Conference
9/12/2022 - Prime Minister Mostafa Madbouli and Governor of the Central Bank of Egypt (CBE) Hassan Abdullah reviewed during a meeting a raft of economic files, topped by the themes and topics to be discussed duri...
PM Urges Finalizing Amendments to Reconciliation Law Over Building Violations
9/12/2022 - Prime Minister Mostafa Madbouli has directed the bodies concerned to approve a set of amendments to the reconciliation law over building violations before the end of September, Cabinet Spokesman Nader...
Transport Min. Inspects Development Works of Ring Road
9/12/2022 - Transport Minister Kamel el Wazir has stressed the need for finalizing under-construction road axes on the Ring Road as soon as possible.

The minister gave the instructions during his insp...
Transport Minister, Belgian Ambassador Probe Joint Partnership in Railway Sector
9/13/2022 - Minister of Transport Kamel el Wazir said there are directives from the political leadership for maximizing cooperation with the Egyptian and international private sectors in various transport project...
PM, Industry Minister Probe Promoting Trade, Industry Sectors
9/13/2022 - Prime Minister Mostafa Madbouli discussed during a meeting with Minister of Trade and Industry Ahmed Samir means of promoting the trade and industry sectors.

The industry minister pointed...
ITIDA, OPPO Sign MOU to Establish Mobile Factory Worth Dlrs 20 Mn
9/13/2022 - Prime Minister Mostafa Madbouli witnessed the signing of a memorandum of understanding (MOU) between Information Technology Industry Development Agency (ITIDA) and Chinese smartphone maker Oppo whereb...
Deputy Housing Min. Meets EIB Representatives
9/13/2022 - Deputy Minister of Housing, Utilities and Urban Communities for Infrastructure Affairs Sayed Ismail has discussed with a delegation from the European Investment Bank (EIB) under the chairmanship of di...
CENTCOM Chief Lauded Suez Canal's Management, Security - SCA Head
9/13/2022 - Chairman of the Suez Canal Authority (SCA) Osama Rabie said Commander of the US Central Command (CENTCOM) Michael Erik Kurilla has praised the management of the canal and the measures taken to secure ...
Dollar Exchange Stable at Egypt's Major Banks
9/14/2022 - The US dollar exchange rate was stable during transactions at Egypt's major banks.

At the Central Bank of Egypt, the dollar rate registered EGP 19.31 for buying and EGP 19.38 for selling.<...

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