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Financials and Investment News in Egypt

Egypt Works on Expanding Reclaimed Lands
1/8/2023 - Egypt is acting to expand a lot of reclaimed lands and to cultivate strategic crops, such as wheat, said Minister of Public Business Sector Mahmoud Esmat.

It is a general policy meant to ac...
Govt Denies Reducing Pubic Servants' Salaries Over Economic Crisis
1/8/2023 - The media center of the cabinet denied on Sunday reports that the government plans to decrease financial allocations directed to public servants' salaries due to the current global economic crisis.
Egypt Defers New Projects That Need USD As Part of Regulations to Rationalise Public Spending
1/9/2023 - Egypt’s Prime Minister Mostafa Madbouly has issued a number of regulations for state bodies to rationalise public expenditure amid the ongoing global economic crisis, including postponing new projects...
Sharm El Sheikh Airport Receives 1st Flight from India
1/9/2023 - Sharm El Sheikh International Airport received the first flight from Ahmedabad International Airport, said a source from the Egyptian airport.

Operated by a private airliner, the flight arr...
WB: Egypt's Economic Reforms Helpful in Overcoming Int'l Crisis
1/9/2023 - The World Bank stressed that the economic reforms carried out by Egypt will help overcome the effects of the current international crisis.

The World Bank said "Macroeconomic and structural ...
EGYPS 2023 Set to Drive The Energy Transition Conversation
1/9/2023 - With the global energy transition underway, the sixth edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from February 13-15 2023 at the Egypt International Exhibition Center to propel the d...
Egypt’s Annual Headline Inflation Rose to 21.9% in December, Up From 19.2% in November: CAPMAS
1/10/2023 - Egypt's annual headline inflation rose to 21.9 per cent in December 2022, up from 19.2 per cent a month earlier and 6.5 per cent in December 2021, announced the Central Agency for Public Mobilisation ...
Active Engagement of Local Governments in Development Planning More Urgent Than Ever
1/10/2023 - Minister of Planning and Economic Development Hala El Saeed said that the Egyptian State is devoting more attention to localizing sustainable development goals (SDGs), given their conducive role in ac...
PM Underscores Significant Role of Decent Life Initiative in Developing Countryside
1/10/2023 - Prime Minister Mostafa Madbouli has reiterated the significant role played by the Decent Life Presidential Initiative in bringing about a quantum leap in the level of various services provided to citi...
IMF Lauds Egypt's Endorsement of State Ownership Policy Document
1/10/2023 - International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar lauded the country's endorsement of the State Ownership Policy Document.

In a press conference held at the f...
CBE: Egypt's Annual Headline Inflation Jumps 24.4% in December 2022
1/10/2023 - The Central Bank of Egypt (CBE) announced that the annual headline inflation rate jumped 24.4 percent in December 2022, compared to 21.5 percent in November of the same year.

In a statement...
Egypt made great strides towards integrated local development: UNDP
1/10/2023 - The Egyptian government has made great strides towards integrated local development by adopting large-scale initiatives, such as the "Decent Life" Initiative, UNDP Resident Representative Alessandro F...
Environment Min. Witnesses Signing Protocol With NV University
1/10/2023 - Environment minister Yasmin Fouad witnessed, 10-1-2023, signing cooperation protocol between environment affairs agency and the new valley university to contribute to financing environment project aim...
New Draft Labor Law Stimulates Investment, Achieves Job Security: Minister
1/10/2023 - Minister of Manpower Hassan Shehata revealed his ministry’s vision and plan to integrate informal economy into the mainstream or formal economy; in line with relevant state policies and directives fro...
Gov't to Compensate Nubians Affected by Construction of High Dam
1/10/2023 - The Cabinet Media Center said that the state spares no effort to compensate its citizens who were affected by the construction and development of the High Dam in Aswan.

In a video it publis...
Egypt Has Enough Reserves of Basic Commodities to Last Months: Supply Ministry Official
1/10/2023 - Egypt has a safe stock of all basic commodities, which will cover the country's needs for months to come, said Head of Internal Trade Sector at the Supply Ministry Abdul Moneim Khalil.

Duri...
Petroleum Min: Luring Investments to Golden Triangle Economic Zone Priority of Political Leadership
1/10/2023 - Petroleum Minister Tarek Al Molla said that luring more investments to the Golden Triangle Economic Zone is a priority for the political leadership and government.

Presiding over a workshop...
Yasmin Fouad: Abo Rawash Waste Project Pioneering Experience for Generating Electricity
1/10/2023 - Environment Minister Yasmin Fouad said the project of turning solid waste into electricity in Giza will be a pioneering experience to achieve economic revenue from recycling and reduce CO2 emissions.<...
State Keen to Diversify Promising Investment Opportunities for Local, Foreign Investors
1/10/2023 - Minister of Planning and Economic Development Hala el Saeed said the State is keen to diversify promising investment opportunities for local and foreign investors.

Saeed made the remarks du...
Damietta Port receives biggest wheat shipment since inauguration
1/10/2023 - Damietta Port received the biggest wheat shipment since its inauguration in 1986.

The port received the bulk carrier "SABAEK" flying the flag of Panama and coming from Russia with 96,200 to...

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