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Financials and Investment News in Egypt

Egypt's Economy Volume Increased Threefold Within 6 Years
9/14/2022 - Egypt's economy volume increased threefold within six years, in a way that reflects the government’s success in directing development funds to real investments, feasible projects, and initiatives that...
Mashat Arrives in Beirut to Attend Arab Regional Forum for Climate Finance
9/15/2022 - Minister of International Cooperation Rania el Mashat arrived in Beirut late to attend the Arab Regional Forum for Climate Finance.

The forum is held in preparation for COP 27 due in Sharm...
FM: Egypt as COP27 President Focuses on Effective, Swift Implementation of Climate Commitments
9/15/2022 - Foreign Minister and President-Designate of the UN Climate Change Conference (COP27) Sameh Shoukry said Egypt as the COP27 president focuses on the importance of effective and swift implementation of ...
PM: Sisi's Visit to Qatar Aims to Promote Bilateral Cooperation
9/15/2022 - Prime Minister Moustafa Madbouli stressed the visit of President Abdel Fattah El Sisi to Qatar - his first visit to Doha which comes at an invitation from Qatari Emir Tamin bin Hamad Al Thani - is mea...
PM Hails Egypt’s New Ranking in 2021-22 UNDP Human Development Report
9/15/2022 - Prime Minister Mostafa Madbouli hailed Egypt’s new ranking in the 2021-2022 Human Development Report (HDR) issued by the United Nations Development Program (UNDP).

Egypt came in the 97th p...
PM Chairs 1st General Assembly Meeting of Sovereign Fund of Egypt
9/17/2022 - Prime Minister Moustafa Madbouly chaired the first meeting of the General Assembly of the Sovereign Fund of Egypt with Minister of Planning and Economic Development Hala el Said and Finance Minister M...
Egypt One of Three Top Regional Destinations for Qatari Investments
9/17/2022 - Chief of Asia-Pacific and Africa Investments at Qatar Investment Authority (QIA) Sheikh Faisal Bin Thani Al Thani asserted that his current visit to Egypt made him and his accompanying delegation eage...
ICT Minister Witnesses Signing of Training Agreements With Teradata Egypt
9/17/2022 - Minister of Communications and IT Amr Talaat witnessed the inking of two agreements with Teradata Egypt for upskilling cadres and launching a practical training program for university students in the ...
Finance Minister: Sales of Stagnant Goods at Ports Hit EGP 1.3 Bn Since Jan. 2020
9/17/2022 - Finance Minister Mohamed Mait said the ministry works on selling stagnant goods at all ports under the directives of President Abdel Fattah El Sisi.

He said the sales of such stagnant good...
Indonesian Trade Minister Lauds Relations With Egypt
9/18/2022 - Indonesian Trade Minister Zulkifli Hasan has stressed the importance of relations with Egypt at the political and economic levels.

Egypt is important because it is the gate to the Middle Ea...
Egypt, Saudi Arabia Mull Boosting Labour Cooperation
9/18/2022 - Manpower Minister Hassan Shehata met with Saudi Arabia's Deputy Minister of Human Resources and Social Development for the Labor Sector Abdullah Abu Thnunin.

The meeting mulled the situati...
IDSC: WB Report Highlights Increased University Enrollment in Egypt
9/19/2022 - A World Bank report has underlined an upward rating where enrollment in higher education in Egypt is concerned.

The Cabinet’s Information and Decision Support Center (IDSC) said the WB rep...
Egypt's Exports of Ready-Made Garments Hit Dlrs 1.44 Bn in Seven Months
9/19/2022 - The Ready-made Garments Export Council of Egypt (RMGEC) said the sector’s exports hit dlrs 1.44 billion in the period from January to July 2022, marking a 35 percent rise in comparison with the same p...
Egypt, France Discuss Boosting Air Transportation Ties
9/19/2022 - Civil Aviation Minister Mohamed Abbas discussed with French Ambassador in Cairo Marc Baréty means of boosting bilateral ties in air transportation field.

In a press release, the ministry s...
Int'l Cooperation Min., European Commission Confer on Efforts Exerted to Support NWFE
9/20/2022 - Minister of International Cooperation Rania el Mashat conferred with Executive Vice-President of European Commission Frans Timmermans on partnerships between Egypt and the European Union and efforts e...
US Dollar Exchange Rate Stable at Major Banks in Egypt
9/20/2022 - The US dollar exchange rate was stable at the beginning of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 19.37 f...
Bourse Gains EGP 5.5 Billion, all Indexes Up
9/20/2022 - The Egyptian Exchange (EGX) continued its upward trend as all indices were up at trading session backed by purchase operations by institutions and local investment funds.

The market capita...
Transport Minister Tours Innotrans Berlin Trade Fair
9/20/2022 - Minister of Transport Kamel el Wazir has visited the InnoTrans Berlin trade fair for transport technology, where he toured a number of pavilions including that of Egypt’s Orascom company and the Germa...
Ministry of Planning Reviews Government Green Economy Initiatives
9/20/2022 - The Ministry of Planning and Economic Development issued recently a report on government initiatives and programs directed at environmental improvement and the transition to a green economy, with the ...
Planning Minister: Egypt Spends on EGP 2 Trn on Social Protection Programs in Eight Years
9/24/2022 - Egypt has managed to take immediate steps to overcome recent crises by expanding its social safety network and offering conditional cash transfer packages, Egyptian Planning and Economic Development M...

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