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Financials and Investment News in Egypt

PM, Saudi Al Massa Group Discuss Manufacture of Electricity Components
2/19/2023 - Prime Minister Mostafa Madbouli on Sunday held a meeting with representatives of Saudi Al Massa Group for electricity supplies, the agent of Croatian KONCAR Group, to discuss the manufacture of electr...
Egypt, Uzbekistan Discuss Promoting Bilateral Cooperation
2/19/2023 - Electricity and Renewable Energy Minister Mohamed Shaker hailed the distinguished political ties binding Egypt and Uzbekistan.

The minister's remarks came during his meeting with Uzbek Firs...
Int'l Cooperation Min. Reviews NWFE Programs
2/19/2023 - International Cooperation Minister Rania el Mashat reviewed the Country Platform for the Nexus of Water, Food and Energy (NWFE), which includes nine projects with total investments worth dlrs 14.7 bil...
Cabinet Information Center Reviews Electric Cars Industry at Local, Int'l Levels
2/19/2023 - The Cabinet Information Center reviewed major incentives offered to localize the electric vehicles industry, including 2 percent fixed custom fees on imported equipment.

This came in a rese...
PM Directs to Secure EGP 350 M to Develop Shanty Areas in Suez
2/19/2023 - Prime Minister Moustafa Madbouli gave directives to the Ministry of Planning to secure EGP 350 million to swiftly develop shanty areas in Suez governorate.

Madbouli made the remarks during ...
Egypt Seeks to Rally Investments for Fayyum Protectorates
2/19/2023 - Environment Minister Yasmine Fouad, accompanied by Fayyum Governor Ahmed el Ansari, headed for Amman on to mull investments in the natural reserves domain.

The visit comes upon the invitati...
US Dollar Price in Egypt Monday
2/20/2023 - The price of the dollar was as follows Central Bank of Egypt LE30.52 for purchase LE 30.62 for sale National Bank of Egypt LE30.42 for purchase LE 30.52 for sale Banque Misr LE30.42 for p...
Egypt's Senate Approves A Draft Bill Allowing Informal Industrial Projects to Operate Legally
2/20/2023 - The Senate – Egypt's upper consultative house – approved a government-drafted bill granting the Industrial Development Authority (IDA) the power to allow informal industrial projects to operate for a ...
Political Leadership Provided Unprecedented Support to Agriculture Sector
2/20/2023 - The political leadership has provided unprecedented support to the agriculture sector over the past eight years, affirmed Agriculture and Land Reclamation Minister El Sayyed el Quseir.

He a...
Education Min.: Technical Education Engine for Economic Progress in Egypt
2/20/2023 - Education Minister Reda Hegazi said that the technical education is the locomotive of economic progress in Egypt, stressing that what is being accomplished today is a change in the mental stereotype o...
Suez Canal Economic Zone Launches Chinese Projects in Billions of Dollars
2/20/2023 - A meeting between the Suez Canal Authority and a group of Chinese businessmen discussed a Chinese project in the TEDA area of the Suez Canal Authority worth billions of dollars, alongside projects inv...
Health Min: Egypt Keen on Boosting Cooperation With China in Vaccines & Serums
2/21/2023 - Health and Population Minister Khaled Abdel Ghaffar stressed the interest of the political leadership in the file of cooperation with the Chinese side.

During his meeting with Chinese Ambas...
Mashat Asserts Importance Of Deep, Profound Relations Between Egypt, Uzbekistan
2/21/2023 - International Cooperation Minister Rania el Mashat asserted the importance of strong, deep and profound relations binding Egypt and Uzbekistan.

She said it is important to go ahead with fur...
PM Underlines Need to Focus on SCZONE Development Projects
2/21/2023 - Prime Minister Mostafa Madbouli has underscored the importance of development projects carried out in the Suez Canal Economic Zone (SCZONE) to attract further promising investments for this area.
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PM Opens Sports Expo Egypt 2023
2/21/2023 - Prime Minister Moustafa Madbouli opened the Sports Expo Egypt 2023 that is being held from Feb. 22 to Feb. 24 at Al Manara International Convention Center (MICC).

Minister of Sports and You...
IDSC: Sustainable Transport Projects Have A Positive Impact on Economic Productivity
2/21/2023 - Cabinet's Information and Decision Support Center showed the economic value of sustainable transport projects in society, and their direct positive economic effects.

This came in the resear...
PM Follows Up Project to Manufacture Egyptian EV
2/21/2023 - Prime Minister Mostafa Madbouli on Tuesday 21/2/2023 chaired a meeting to follow up on a project to manufacture an Egyptian electric vehicle (EV).

The meeting was attended by Minister of Hi...
Local Development Min. Meets With WB Delegation On Upper Egypt Local Development Program
2/21/2023 - Minister of Local Development Hisham Amna said that Upper Egypt Local Development Program attains special attention from President Abdel Fattah El Sisi and Prime Minister Moustafa Madbouli in addition...
LRT Project Is A 'High-Speed Engine For Development'
2/21/2023 - As many as 31 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours.

In a statement released the Damietta Port Authority's (DPA) media center said the to...
Fertilizers Rank Second Among Egypt's Exports With Dlrs 2.7 Bn
2/21/2023 - Public Enterprise Sector Minister Mahmoud Esmat said Egyptian fertilizers exports hit dlrs 2.7 billion, ranking the second among the 2022 exports.

He made the remarks, during the 29th AFA I...

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