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Financials and Investment News in Egypt

Industry Minister: Russian-Ukrainian Crisis Caused High Costs of Production
12/6/2022 - Minister of Trade and Industry Ahmed Samir has asserted that the incidents Egypt witnessed from 2011 till 2016 badly affected the industrial sector.

During a session at the House of Represe...
Gold Price in Egypt Continues to Rise Tuesday, Reaches Highest Level Yet
12/6/2022 - Gold prices in Egypt reached its highest historical level, rising to LE1,630 per gram for 21-karat gold.

Gold price in Egypt, on Tuesday: The 24-karat gold recorded LE1,863 per gram The 2...
US Dollar Price Rises In Egypt Tuesday
12/6/2022 - The price of the US dollar rose at the beginning of trading by about a piaster, in most government and private banks operating in the local market, continuing a wave of rises for the dollar in Egypt ...
Cairo, Manila Sign Protocol on Allowing Egypt Citrus Fruits Into Philippine Markets
12/6/2022 - Egypt and the Philippines have signed a protocol allowing access of Egyptian citrus fruits into Philippine markets.

In a statement released on its Facebook page,the Egyptian Foreign Ministr...
Digital Egypt Platform Includes More Than 165 Governmental Services
12/10/2022 - Communications and Information Technology Minister Amr Talaat said that the Digital Egypt platform was launched to offer more than 165 governmental services, as the ICT Ministry is keen on developing ...
Pm Inspects Masaken Nasser Urban Development Project in Suez
12/10/2022 - Prime Minister Moustafa Madbouli inspected Masaken Nasser urban development project in Suez governorate.

The project is part of an overall plan to upgrade the existing urban construction in...
PM Inspects Project of Building Sports Medicine Hospital in Suez
12/10/2022 - Prime Minister Moustafa Madbouli and his accompanying delegation inspected, during his visit to Suez governorate, a project of building a sports medicine hospital in Suez neighborhood.

Mean...
Egypt, Ivory Coast Discuss Boosting Cooperation in Agricultural Field
12/10/2022 - Agriculture and Land Reclamation Minister el Sayyed el Quseir conferred with Vice President of Ivory Coast Tiémoko Meyliet Koné and Prime Minister Patrick Achi on means to boost ties between Egypt and...
Finance Ministry Issues Simplified Index for Investors on Advantages, Incentives
12/10/2022 - The Ministry of Finance issued a simplified index for the investors on the advantages and incentives approved by the laws of customs, taxes and investment.

The index will clarify the rules ...
Sczone Chief: Gov't Interested in Car Manufacturing, Not Just Assembly
12/10/2022 - The government has launched a strategy for the automotive industry in East Port Said Industrial Zone, Chairman of the General Authority for the General Authority of the Suez Canal Economic Zone (SCZon...
Finance Ministry Refutes Rumors on US Dollar Rate Reaching LE40
12/10/2022 - During a phone-in with Sada al-Balad channel Maait touched on rumors on social media regarding the rise in the price of the US dollar against the Egyptian pound, and it will increase to LE 40.

...
Sisi Had Foresight to Confront Food Security Crisis
12/11/2022 - Chairman of the Agricultural Professions Syndicate Sayyed Ali Khalifa said President Abdel Fattah El Sisi had foresight for confronting the food security crisis.

He expounded that President...
Trade Min., EU Amb. Review Boosting Economic Cooperation
12/11/2022 - Trade and Industry Minister Ahmed Samir had talks on with EU Ambassador Christian Berger on means of enhancing economic cooperation in the coming period, especially within the framework of the Egyptia...
Int'l Cooperation Minister, WB Delegation Confer on Social Housing Project
12/11/2022 - International Cooperation Minister Rania el Mashat has said that a comprehensive social housing project implemented in Egypt is meant to provide a decent life for limited and middle income brackets.
Madbouli Follows Up on Work Progress in South Sinai Projects
12/11/2022 - Prime Minister Mostafa Madbouli followed up work progress in development projects in South Sinai.

The prime minister hailed efforts exerted by South Sinai's officials during the climate cha...
Egypt Urges Effective G20 Role to Face Global Economic Conditions
12/11/2022 - Egypt has pressed for an effective and a constructive role by the Group of Twenty (G20) in light of the “very complicated” global economic conditions.

Ragi el Etreby, the representative of ...
US Fed Poised for Smaller Rate Hike With Eye on Wage Growth
12/11/2022 - The US Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers' most forceful moves in decades to fight inflation ripple through the economy.

...
Egypt Exports of Food Industries Hit $3.490 in 10 Months
12/12/2022 - Egypt's exports of food industries grew by about 0.5 percent, reaching 3.490 billion dollars during the first 10 months of 2022 up from 3.473 during the same period in 2021.

A monthly repor...
All EGX Indices Up, Benchmark Increases 2.9 Pct
12/13/2022 - Egyptian Exchange (EGX) indices went up collectively at the close trading, pushed by purchases from local institutions and investment funds.

Meanwhile, sales prevailed in transactions of Ar...
Meeting Citizens' Development Needs Presidential Priority: Maait
12/13/2022 - Finance Minister Mohamed Maait said on Egypt, under President Abdel Fattah El Sisi, managed to end intractable and accumulated crises, topped by the energy crisis.

Speaking during a symposi...

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