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Financials and Investment News in Egypt

ENR Selects Adly Mansour Transportation Hub As ‘Best Transportation Project in 2022
9/24/2022 - The Adly Mansour Transportation Hub has been chosen as the best transportation project in 2022, according to the Engineering News-Record Magazine (ENR).

Implemented by The Arab Contractors...
Finance Minister: ACI System Helps Apply EU, US Standards on Imports
9/24/2022 - Finance Minister Mohamed Maait asserted the Advanced Cargo Information (ACI) system has mainly contributed to implementing presidential directives about applying EU and US standards on imported goods ...
Military Production Stresses Need to Deepen Local Industrialization
9/25/2022 - State Minister of Military Production Mohamed Salaheldin Moustafa stressed the implementation of President Abdel Fattah El Sisi's directives to deepen local industrialization and work on forging partn...
IDSC Issues Report on Promoting Use of Renewable Energy in Industrial Institutions
9/25/2022 - The Cabinet's Information and Decision Support Center (IDSC) issued a report on promoting the use of renewable energy in industrial institutions.

The energy sector is a key driver for the ...
PM: STS to Usher in New Era in Step With Transport Sector's Overall Development
9/25/2022 - Prime Minister Mostafa Madbouli followed up the implementation status of the national smart transportation system (STS), especially the civil works along high priority roads, including the Ring Rd. c...
SCZONE Eyes Attracting Further Industrial Projects, Says Chief
9/25/2022 - Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Walid Gamal el Din said the authority seeks to develop the infrastructure of its industrial areas and ports to lure further ...
The 8th Edition of The Africa Women Innovation and Entrepreneurship Forum (Awief)
9/26/2022 - Minister of International Cooperation Rania el Mashat inaugurated,, the 8th edition of the Africa Women Innovation and Entrepreneurship Forum (AWIEF) conference and awards.

This year’s con...
US Dollar Exchange Rate Stable at Major Banks in Egypt
9/26/2022 - The US dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 19.44 for bu...
Egypt, Spain Confer on Boosting Economic Cooperation Development
9/27/2022 - Minister of Trade and Industry Ahmed Samir conferred with Spanish Secretary of State for Trade Minister Xiana Méndez Bértolo on means to develop economic and cooperation ties between Egypt and Spain i...
GAFI Says 7 New Investor Service Centers Established in Egypt
9/27/2022 - CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab said, in his speech, at the inauguration of a number of national projects affiliated to the General Authority for ...
Egypt Keen on Supporting Int'l Technology Industry Locally,:Maait
9/27/2022 - Minister of Finance Mohamed Maait said that Egypt is keen on supporting international technology industry locally as part of its digital economy transformation efforts.

During a meeting wi...
IDSC: Egypt First Investment Destination for Arab Sovereign Funds in 2022
9/28/2022 - The Cabinet's Information and Decision Support Center (IDSC) said that Egypt is the first investment destination for Arab sovereign funds in 2022, foremost among which are the Saudi and Emirati invest...
PM: Economic Conference to Be Held on October 23-25
9/28/2022 - Prime Minister Mostafa Madbouli announced on Wednesday 28/9/2022 that the economic conference will be held on October 23-25.

Earlier, President Abdel Fattah El Sisi directed to hold an eco...
Govt Signs $6.2 Mln Project With UNDP, EU to Support Egypt's Hosting of COP27
9/28/2022 - The Egyptian government signed a new project worth USD 6.2 million with the United Nations Development Program (UNDP), the European Union (EU) and the Embassies of Denmark and Switzerland, as well as ...
Maait: Egypt Makes Historical Achievement in Pension Reforms
9/28/2022 - Finance Minister Mohamed Maait asserted that Egypt managed under its wise political leadership to make a historical achievement to reform pensions and social insurance system.

The move com...
PM: State Keen on Developing Automotive Industry
9/29/2022 - Prime Minister Mostafa Madbouli said that the State is keen on developing the automotive industry, particularly electric vehicles, upon directives of President Abdel Fattah El Sisi.

During ...
Kuwaiti Businessmen's Delegation to Egypt Third Largest in Kuwaiti Chamber's History
10/3/2022 - A Kuwaiti business delegation which is currently on a visit to Egypt is the third largest, in terms of the number of participants, to be organized by the Kuwait Chamber of Commerce and Industry since ...
Egypt, France Discuss Economic Cooperation
10/3/2022 - Minister of International Cooperation Rania el Mashat has discussed with French Ambassador in Cairo Marc Baréty means of promoting economic cooperation between Egypt and France.

The meetin...
WB approves 400-million-dollar development financing agreement
10/3/2022 - The World Bank’s Board of Executive Directors approved a 400-million-dollar development financing agreement to enhance the performance of the logistics and transportation sectors in Egypt and to suppo...
Egypt Advances Five Places in Global Innovation Index for 2022: IDSC
10/4/2022 - Egypt advanced five places in the Global Innovation Index (GII) for 2022, said the Cabinet's Information Decision and Support Center (IDSC).

Egypt ranked 89th globally out of 132 countries...

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