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Financials and Investment News in Egypt

Health Min. Discuss Bilateral Cooperation With Eni Foundation
11/30/2022 - Health and Population Minister Khaled Abdel Ghaffar received Secretary General at Eni Foundation Filippo Uberti along with a host of the foundation's representatives.

At the beginning of th...
PM Reviews Initiative to Stimulate Private Industrial Sector
11/30/2022 - Prime Minister Mostafa Mabouli held a meeting to follow up on the implementation of an initiative to financially support the private industrial, agricultural and construction sectors.

The m...
AMEA Power Signs Agreements for Renewable Energy Stations Worth Billions
11/30/2022 - Prime Minister Mostafa Madbouly attended the signing ceremony of the financial closure agreements between the Emirati AMEA Power company.

There are also a number of international financing ...
Saudi Arabia Extends Term of US$ 5 Billion Deposit for CBE
11/30/2022 - Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press Agency (SPA) reported .

It added that the move came in extension to the deep-rooted...
Gold Price Hits Highest Rate in History in Egypt Again
12/1/2022 - morning, the price of gold in Egypt reached its highest historical level, rising by LE10 to hit LE1,500 per gram for 21-karat gold.

At the closing of the Wednesday session, 21-karat gold r...
Transport, Military Production Ministries Sign EGP 680 Mln Deal for 100 Electric Buses
12/3/2022 - Minister of Transport Kamel El Wazir said the government’s efforts to strengthen local auto industries, including eco-friendly electric buses, are in line with the political leadership’s directives fo...
CBE Honors Top 5 Performing Banks in Business Development Services
12/3/2022 - The Central Bank of Egypt (CBE) has honored the best five performing banks in the field of providing business development services as part of the NilePreneurs initiative.

The five banks are...
Egypt to Count on Local Manufacturing Component of Mass Transport Buses
12/3/2022 - Transport Minister Kamel el Wazir asserted that the buses of mass transportation will not be imported from abroad and Egypt will only count on local manufacturing component and assembly under the dire...
Granting 'Golden License' to 8 Projects 'Support Message to Private Sector': Cabinet
12/4/2022 - Cabinet Spokesman Nader Saad said that granting the 'Golden License" to as many as eight projects is a message of support to the private sector.

During a phone interview with Extra News sat...
SCZONE Considers Establishing Company to Hold Shares in Green Fuel Projects
12/4/2022 - President of the General Authority for Suez Canal Economic Zone (SCZONE) Walid Gamal el Din said that SCZONE considers establishing a company, to be an investment arm for SCZONE, to have shares in dif...
Madbouli Hails Launch of IDSC Forum
12/4/2022 - Prime Minister Mostafa Madbouli has appreciated the launch of the intellectual forum of the Information and Decision Support Center (IDSC).

In statements, Madbouli said the launch represent...
14th Meeting of Experts Team of Consumer Protection Kicks Off
12/4/2022 - The 14th meeting of the experts team of the consumer protection kicked off with the framework of the Greater Arab Free Trade Area (GAFTA) under Egypt.

The two-day meeting will discuss Arab ...
CBE to Receive Billion Dollars from RSF in January
12/4/2022 - nformed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently agreed upon delivering one billion dollars for Egypt, within...
Supply Min.: Egypt’s Strategic Stock of Rice Sufficient for 6.6 Months
12/5/2022 - Minister of Supply and Internal Trade Ali Moselhi said on that Egypt’s strategic stock of rice is safe and sufficient for 6.6 months, while the strategic stock of cooking oil and pasta is sufficient f...
EgyptAir Medical Services, General Hospital of Paris Ink Cooperation Protocol
12/5/2022 - EgyptAir Medical Services and the General Hospital of Paris signed a protocol to promote bilateral cooperation in the medical domain.

The protocol calls for exchanging experiences and promo...
Egyptian Banks Expand Financial Services to Disabled Persons Upon CBE Directives
12/5/2022 - Egypt's banks increased their services to disabled persons upon the directives of the Central Bank of Egypt.

Most of the banks expressed keenness on abiding by the directives of CBE governo...
Bourse Posts Collective Gains, All Indexes Up
12/6/2022 - Egyptian Exchange (EGX) indexes posted collective gains at the close of trading session, led by major indexes.

The market capital gained about EGP 10.2 billion to close at EGP 924.1 billion...
IDSC: Egypt Ranks 51st on 2022 World Energy Trilemma Index
12/6/2022 - Egypt ranked 51st of 127 countries on the 2022 World Energy Trilemma Index, registering 60.8 points on the Index this year, up three positions than last year, the Cabinet’s Information and Decision Su...
CBE: Foreign Reserves Rose to $33.5 Bn in November
12/6/2022 - The Central Bank of Egypt (CBE) said that the country's foreign reserves rose by USD 121 million to hit USD 33.5 dollars by the end of November, compared to USD 33.4 billion in October.
Mashat, UAE Ambassador Tackle Development Cooperation
12/6/2022 - International Cooperation Minister Rania Al-Mashat discussed with UAE Ambassador in Cairo Mariam Al Kaabi development cooperation with UAE financing institutions, such as the Khalifa Fund for Enterpri...

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