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Financials and Investment News in Egypt

EGP 2.6bn Cost of Shubra- Banhaa Highway
10/14/2012 - Dr. Mohammed Rashad Matini, the Transport Minister said on 13/10/2012 that he had a meeting with Tarek Amer, the chairman of the National Bank to discuss measures to finance the project of establishin...
Free Trade Zone by Egypt and Malaysia
10/15/2012 - Malaysian International Trade and Industry Minister Mostafa Mohamed said, "An agreement reached with Egyptian Prime Minister Dr. Hisham Qandil, Industry and Foreign Trade Minister Eng. Hatem Saleh and...
Egypt to Attend Entebbe Conference of Nile Basin Donors
10/15/2012 - The Ugandan city of Entebbe will host a two-day dialogue on 16/10/2012 of the Nile Basin donors. Attending the dialogue will be representative from the Nile Basin countries as well as the internationa...
Egypt's Citadel to Recover Some Losses as Assets Rise
10/15/2012 - Egyptian private equity firm Citadel Capital will recover some losses that were incurred because of falling asset values, Managing Director Stephen Murphy said. "As the stock market recovers and asset...
Egyptian Firm to Start Manufacturing China's Geely Cars
10/15/2012 - Ghabbour Auto (GB Auto) motors inaugurated a new facility to assemble Chinese cars Geely, the company announced in a ceremony. GB auto, Egypt's only listed car manufacturer, announced in February that...
Egypt's Production of Rice, Wheat, Grains Soar
10/15/2012 - Egypt's production of rice, wheat, and grain rose in the year 2010/11 compared with the previous year, because of an increase in areas being cultivated, the state's statistics agency CAPMAS stated on ...
Turkey to Grant Egyptian Entrepreneurs 5-year Entry Visas
10/15/2012 - Egyptian enterpreneurs will be granted five-year entry visas to Turkey in an effort to bolster trade exchanges between the two countries, state daily Al-Ahram reported, citing Turkish Ambassador to Ca...
Egypt's Exports Increase by 16 Percent in Six Months
10/16/2012 - Hatem Saleh Industry and Foreign Trade Minister said on 15/10/2012 that Egypt's exports grew by 16 percent in September bringing total revenues of exports LE 11.772 billion against LE 10.172 billion d...
LE 1.4 Billion Investments in Beni-Suef
10/16/2012 - A contract was signed on 15/10/2012 in the Investment Ministry to establish a steel plant with LE 1.4 billion investments in Beni-Suef that covers 500,000 meters aiming to produce 500,000 tons of stee...
Switzerland Holds $753m in Frozen Mubarak Assets
10/16/2012 - Switzerland has blocked around $753 million in assets tied to Egypt's ex-president Hosni Mubarak and his entourage, the Swiss foreign ministry said on Tuesday. Egyptian funds make up around three-quar...
Egypt has Competitive Potentials in Auto Industry
10/17/2012 - Trade and Industry Minister Hatem Saleh said on 16/10/2012 that Egypt has major competitive potentials in the automotive sector and relevant feeding industries in comparison to many countries. Saleh m...
LE 300 mn to Cultivate 13.000 Feddans in Sinai
10/17/2012 - The Minister of Agriculture and Land Reclamation Salah Abdel Mo'men said on 16/10/2012 that the ministry's plan to reclaim 13,000 feddans in Sinai with investments of LE 300 million during the coming ...
Global Company Pumped 400 Million Pound Investment in Egypt
10/17/2012 - In a move that reflects the start of the recovery of the Egyptian economy and the return of the confidence of major global companies to invest in Egypt by attracting foreign investment, decided to "DH...
L.E. 600 Million for the Egyptian Qatari Project
10/18/2012 - L.E. 600 million Egyptian Qatari project was launched to implement a beat sugar factory in Port Said on 80 feddans land of 400,000 tons annual design capacity. That was announced by General Ismail AL ...
Qandil Says Role of Private Sector Should be Optimized
10/19/2012 - Prime Minister Hisham Qandil said that the role of the private sector should be optimized during the coming period. Addressing a conference on technical education organized by the Shura Council educat...
Osama Saleh: Improving the Investment Climate in Egypt
10/19/2012 - Investment Minister Osama Saleh said that his ministry is working for combating bureaucracy to improve the investment climate in Egypt. The ministry is currently working for facilitating procedures of...
Egypt's Economic Reform Programme in a Final Phase
10/21/2012 - The Egyptian government is currently in the final phase of drafting the economic reform programme that it needs to secure a proposed $4.8 billion loan from the IMF, Egyptian Finance Minster Momtaz El-...
News from IMF that Egypt could achieve economic growth
10/21/2012 - The International Monetary fund (IMF) has announced that Egypt could achieve economic growth this year that will bring its gross national product to $267 bn in 2013, up by 23% than 2010. A delegation ...
High Committee for Private Sector Participation
10/21/2012 - Prime minister held the meeting for the high committee of participation with private sector, attended by ministers of investment, finance, planning. Housing, legal affairs, transport, secretary genera...
Yields Dip on Egypt Bonds; IMF Deal Eyed
10/22/2012 - Average yields dipped at an auction of re-opened three- and seven-year bonds, continuing a steady slide that has been fuelled by expectations that rates could fall further if Egypt secures a $4.8 bill...

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