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Financials and Investment News in Egypt

PM Follows Up Efforts to Lure Foreign Investments in Various Sectors
1/3/2023 - Prime Minister Mostafa Madbouli held a cabinet meeting to follow up on the government's efforts to attract foreign investments in different sectors.

The meeting was attended by Electricity...
EGX Studies Introduction of Islamic Sharia-Aligned Index
1/3/2023 - Chairman of the Egyptian Exchange Ramy El-Dokany said that EGX is currently studying introducing a new index that conforms with Islamic Sharia to deal with investors and investment funds which are int...
US Dollar Prices in Egypt on Tuesday
1/3/2023 - The price of the US dollar against the Egyptian pound stabilized.

This was recorded at the National Bank of Egypt for the second day after banks resumed work in 2023.

The dollar ...
High Demand on Egypt's First-Ever Online Land Allocation: Housing Minister
1/3/2023 - Egypt's first-ever online allotment of land plots in new cities, which runs until February, is sparking widespread interest among the public, announced Minister of Housing, Utilities, and Urban Commun...
Egypt's International Reserves Inches Up to The Highest Level in 7 Months
1/3/2023 - Egypt's net international reserves (NIRs) rose by $470 million to hit nearly $34 billion in December 2022, compared to $33.5 billion in November, the Central Bank of Egypt (CBE) announced .

...
Cabinet: New Republic Promotes Citizenship, Equality
1/4/2023 - The Cabinet media center said citizenship and equality rights are bedrock of the new republic mechanism and this was adopted in all walks of life over the past eight years.

This is meant to...
PM: State Keen on Attaining Optimum Management of Public Business Companies
1/4/2023 - Prime Minister Mostafa Madbouli asserted the State's keenness on achieving the optimum management of companies of the public business sector and its assets.

Such sector is a milestone of de...
IDA Holds Workshop to Turn Robbiki Leather City in Eco-Friendly One
1/4/2023 - The Industrial Development Authority (IDA) held its first workshop for turning the Robbiki Leather City into an eco-friendly industrial zone.

This falls within the framework of cooperation ...
Cooperation protocol with IBDAA, Industry Ministry, Federation of Industries
1/4/2023 - Minister of Manpower Hassan Shehata announced a prospective cooperation protocol with IBDAA Company for development projects, Trade and Industry Ministry, Federation of Egyptian Industries, and the Tr...
Sisi Orders Gov't to Hold Ahlan Ramadan Exhibitions Earlier: Supply Ministry
1/4/2023 - President Abdel Fattah El Sisi instructed the bodies concerned to start "Ahlan Ramadan" exhibitions as of early this month, earlier than scheduled, Spokesman for the Supply Ministry Ahmed Kamal told l...
Planning Minister Discusses Sustainable Development Plan in Its 2nd Year
1/4/2023 - Minister of Planning and Economic Development Hala El Said met with the ministry's leaders to discuss the preparations for the medium-term sustainable development plan for the second year, including 2...
Egypt's Population Hit 104.395 Million: CAPMAS
1/4/2023 - Egypt's Population has reached 104.395 million people inside the country, according to what was announced by the population clock of the Central Agency for Public Mobilization and Statistics (CAPMAS),...
What Is The Aim of Banque Misr’s One-Year Savings Certificate at 25% Interest Rate Return?
1/4/2023 - Economists said that Banque Misr’s announcement of a one-year savings certificate with 25 interest rate will help to curb inflation.

However the conditions are that the funds are to be spen...
What Is The Impact of CBE’s Decisions on Dollar Prices on The Black Market During 2023?
1/4/2023 - A large part of the previous rise in the price of the US dollar has come as a result of speculation in the black market.

This wqs mainly due to a deficit in foreign exchange resources, Salw...
Banque Misr Offers One-Year Savings Certificate at A 25% Interest Rate Return Value
1/4/2023 -  announced that they will be offering a one-year savings certificate with a 25 percent interest rate.

However the conditions are that the funds are to be spent at the end of the period, or ...
US Dollar Price in Egypt on Thursday
1/5/2023 - The price of the US dollar against the Egyptian pound rose in Egypt one bank at the beginning of trading.

Further rises are expected throughout the day. On Thursday morning, the dollar pri...
State Exerts Efforts to Maximize Benefit from Water Resources
1/8/2023 - Media Advisor to the Ministry of Agriculture and Land Reclamation Ahmed Ibrahim said upgrading the irrigation system is part of the State's efforts to manage water resources, realize optimal benefit f...
Madbouli Reviews Report to Implement 100 Million Tree
1/8/2023 - Prime Minister Mostafa Madbouli reviewed Sunday a reported submitted by the Minister of Housing, Utilities and Urban Communities Essam el Gazzar on efforts of the New Urban Communities Authority (NUCA...
Egypt, Greece Mull Naming Int'l Consultant for Joint Power Linkage Project
1/8/2023 - Electricity Minister Mohamed Shaker said on Sunday coordination is under way with the Greek side to agree on the international consultancy office that will conduct the technical and economic feasibili...
Manpower Minister: We Plan to Enroll 2.5 Mn Irregular Workers in Comprehensive Database Scheme
1/8/2023 - Executive Director of the Irregular Employment Account Management Unit at the Ministry of Manpower Reda el Araby said the ministry intends to set up a comprehensive database covering sectors and group...

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