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Financials and Investment News in Egypt

Cabinet Holds Weekly Meeting at NAC to Probe Key Files
11/23/2022 - The cabinet, led by Prime Minister Moustafa Madbouli started on its weekly meeting at the New Administrative Capital (NAC) to probe a number of political, economic and social files, the latest develop...
Local Development Minister Follows Up Port Said Development Projects
11/26/2022 - Minister of Local Development Hisham Amna met with Port Said Governor Adel el Ghadban to follow up on projects of the investment plan in the governorate.

During the meeting, the minister o...
Pm Reviews Developments in Renewable, Green Hydrogen Projects
11/26/2022 - Prime Minister Moustafa Madbouli stressed the state's interest in projects being implemented in the fields of new and renewable energy.

He also underlined the state's keenness on offering b...
Trade Minister: We Seek to Increase Egypt's Exports to Africa
11/27/2022 - Egypt's Minister of Trade and Industry Ahmed Samir said Sunday that Cairo seeks to increase its exports to Africa through a wide strategy to develop exports in way compatible with its productive capac...
Osama Rabie: Suez Canal First Choice for All World Navigation Lines
11/27/2022 - Chairman and Managing Director of the Suez Canal Authority (SCA) Osama Rabie said Suez Canal ranks first on world transit rate and is the first waterway choice for the developed services it offers tha...
PM, CBE Governor Review Foreign-Exchange Reserves
11/27/2022 - Prime Minister Mostafa Madbouli and Governor of the Central Bank of Egypt (CBE) Hassan Abdullah reviewed a raft of issues related to coordination between the government and CBE to ensure availability ...
Egypt Ready to Meet Part of Europe Demand for Natural Gas, Says Minister
11/27/2022 - Petroleum Minister Tareq el Molla says that Egypt is ready to meet some of the demand for natural gas in Europe.

Efforts exerted over the past years have made of Egypt one of the solutions...
Finance Min.: Egypt Gaining COP27 Fruits by More Green Investments
11/27/2022 - Finance Minister Mohamed Maait said Egypt is gaining the fruits of the 27th United Nations Climate Change Conference (COP27) by luring more green investments.

In a statement , he lauded the...
Local Development Minister Follows Up Port Said Development Projects
11/27/2022 - Minister of Local Development Hisham Amna met with Port Said Governor Adel el Ghadban to follow up on projects of the investment plan in the governorate.

During the meeting, the minister o...
Egypt, France Discuss Economic, Investment Cooperation
11/28/2022 - Minister of Public Business Sector Mahmoud Esmat has shed light on the strength of relations and cooperation binding Egypt and France.

During a meeting Monday with French Ambassador in Cair...
Supply Ministry: Russian Wheat Traded at EMX At EGP 9,750 Per ton
11/28/2022 - The Ministry of Supply said that the General Authority of Supply Commodities started trading wheat via the Egyptian Mercantile Exchange (EMX) and 18 purchase operations were accomplished.

T...
Egypt, China Enjoy Strong Ties in Various Fields- Minister
11/28/2022 - Finance Minister Mohamed Maait praised the Egyptian-Chinese ties as strong in various fields, especially in the economic domains, which have witnessed a remarkable development recently.

Spe...
SCZONE Probes Luring Vietnamese Investments to Localise Auto Industry
11/29/2022 - Chairman of the Suez Canal Economic Zone (SCZone) Waleed Gamal El Din stressed the need for enhancing bilateral co-operation with the Vietnamese side in the various spheres, including luring investmen...
Military Production Ministry: State Keen on Applying New Industrial Technologies
11/29/2022 - The Ministry of Military Production said recent years witnessed a huge development in the domains of digital and information technology.

This came in a speech by board chairman of the Scien...
Maait: 30,000 Egyptian Expats Registered to Import Cars Without Customs in Two Weeks
11/29/2022 - Minister of Finance Mohammed Maait 30,000 Egyptian expatriates registered over the past two weeks on the Egyptians Expats Cars app, which will allow them to apply to import cars for personal use witho...
IDSC: Sovereign funds innovative financing tool
11/29/2022 - The cabinet's Information and Decision Support Center (IDSC) said sovereign funds represent an innovative financing tool that surfaced to help achieve sustainable development.

This came in ...
Dubai Records Over AED989 Mln in Realty Transactions Tuesday
11/29/2022 - Dubai real estate market recorded 277 sales transactions worth AED686.28 million, in addition 90 mortgage deals of AED274.88 million, and 6 gift deals amounting to AED28.06 million, data released by t...
Cabinet Gives Final Approval to State Ownership Policy
11/30/2022 - The Cabinet approved during its weekly meeting under Prime Minister Mostafa Madbouli the final formula of the state ownership policy document in the run-up to referring it to President Abdel Fattah El...
Social Housing Fund" Receives “SHARKROOM” Award
11/30/2022 - "Green Architecture" initiative launched by the Social Housing and Real Estate Finance Support Fund received the "SHARKROOM" award for the best innovations and initiatives in the field of housing on t...
PM Witnesses Signing of Renewable Energy Agreements
11/30/2022 - Prime Minister Mostafa Madbouli witnessed, signing ceremony of financial closure agreements between the Emirati company "AMEA Power" and a number of international financing institutions, at a value of...

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