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Financials and Investment News in Egypt

President Sisi Attends Opening Session of Egypt Economic Conference 2022
10/23/2022 - President Abdel Fattah El Sisi attended on Sunday the opening session of Egypt Economic Conference 2022, which is organized by the government in the New Administrative Capital for three days.

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State Min. for Military Production Follows Up Implementation of Number of Projects
10/23/2022 - Minister of State for Military Production Mohamed Salah El-Din asserted the necessity of exerting utmost efforts by the bodies affiliated to the ministry to continue the vital role played by the minis...
Egypt Aims to Bring Budget Deficit to 4% Only - Minister
10/23/2022 - Finance Minister Mohamed Maait said that Egypt aims to cut the public budget deficit to only four percent; a figure that has not been achieved for 42 years.

Addressing Egypt's 2022 Economic...
PM Calls for Mechanism to Enable Middle Class Families to Get Houses
10/24/2022 - Prime Minister Mostafa Madbouli has stressed the importance of finding a finance mechanism enabling middle class families to get housing units under long-term pay systems.

During a session ...
Development Partners' Fund to Egypt Low Cost, Repaid Over Long Periods - Minister
10/24/2022 - International Cooperation Minister Rania Al-Mashat said on the funds offered by development partners, whether from the World Bank, the European Union, or French or American bodies, are low cost and re...
Top Economist Calls for Making Use of Egypt's Huge Potentials
10/24/2022 - Egyptian economic expert Mohamed El Eryan said on that most of concentration in the economic conference currently in sessions in Cairo will focus on the future economic outlook, chances and Egypt's hu...
Proceedings of Second Day of Egypt Economic Conference 2022 Kick Off
10/24/2022 - Proceedings of the second day of Egypt Economic Conference 2022 kicked off in the presence of Prime Minister Moustafa Madbouli.

Thirteen sessions will be held throughout the day. The first...
Economic Conference – Egypt 2022 Starts Its Proceedings on 3rd & Last Day
10/25/2022 - Proceedings of the third and last day of the Economic Conference – Egypt 2022 kicked off with the attendance of the Trade and Industry Minister Ahmed Samir.

The conference kicked off on Sun...
Egyptian Economic Conf. 2022 Issues Its Recommendations
10/25/2022 - The Egyptian Economic Conference 2022 - which was attended by President Abdel Fattah El Sisi - announced reaching several key recommendations and proposals which were reached in light of opinions of ...
PM Lauds Large Turnout at Egypt Economic Conference
10/25/2022 - Prime Minister Mostafa Madbouli stressed that all segments of the Egyptian society have extensively taken part at the Economic Conference – Egypt 2022.

The premier's remarks came at the clo...
Dollar Price Stable at Egypt's Major Banks
10/25/2022 - 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 registered EGP...
Exempting Egyptian Expats from Customs Duties on Imported Cars
11/15/2022 - The Cabinet announced the executive regulations of a law that makes it easier for Egyptian expats to import cars for personal use.

The law will be in force a day after being published in t...
Bourse Posts Collective Gains, All Indexes Up
11/16/2022 - Egyptian Exchange (EGX) indexes posted collective gains at the close trading session, backed by purchases by many investors.

The market capital gained about EGP 800 billion for the first ti...
on COP 27 Sidelines, Egypt Signs Agreements Worth $83 Billion in Renewable Energy Sector
11/16/2022 - Minister of Planning and Economic Development, and Chairwoman of the Sovereign Fund of Egypt (TSFE) Hala El-Said attended on the signing of agreements and cooperation protocols worth $83 billion in th...
Egypt Has Fourth Largest Solar Energy Plant in World
11/16/2022 - "Africa has promising energy projects, as Egypt has the fourth largest solar energy plant in the world, while 6 African countries made an alliance for green hydrogen projects,” UN Climate Change High ...
PM Follows Up Progress in Developing Aluminum Complex in Qena
11/16/2022 - Prime Minister Mostafa Madbouli held a cabinet meeting to follow up on the progress made in developing the aluminum complex in Qena's Nagaa Hammadi city.

The meeting was attended by Finance...
Egypt Working to Turn to Clean Energy, Boost Climate Action: Mashat
11/16/2022 - International Cooperation Minister Rania el Mashat has said that Egypt has thanks to structural reforms adopted in 2014 been able to increase renewable energy potentials.

Speaking at a rou...
Military Production Ministry Inks Protocol for Extracting Water from Air
11/16/2022 - State Minister of Military Production Mohamed Salaheldin Moustafa witnessed the ceremony of inking cooperation protocol between center of scientific and technological excellence of the Military Produc...
Cabinet Holds Its Weekly Meeting at NAC to Probe Number of Files
11/16/2022 - The Cabinet started its weekly meeting led by Prime Minister Moustafa Madbouli to probe a number of social, economic and political files at the New Administrative Capital.

The meeting discu...
Dollar Price Stable at Egypt's Major Banks
11/20/2022 - 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 registered EGP 24.42 for b...

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