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Financials and Investment News in Egypt

PM opens Sports Expo Egypt 2023
2/22/2023 - 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...
Meetings of Executive Committee for Integrated Industrial Partnership Start in Jordan
2/25/2023 - Meetings of the executive committee for the Integrated Industrial Partnership for Sustainable Economic Development, comprising Egypt, the UAE, Jordan and Bahrain, started in Jordan with the participat...
Egypt Post’s Savings Hit About Egp 120 Bn in Fy 2021-2022
2/25/2023 - The Cabinet's Information and Decision Center (IDSC) said the value of savings at Egypt Post increased by 16% in the fiscal year 2021/2022.

In an info-graphic published by the cabinet cente...
Egypt Keen on Exchanging Expertise With Arab Partners
2/26/2023 - Planning and Economic Development Hala el Saeed reiterated on Sunday the Egyptian State's keenness on exchanging expertise with Arab countries in the field of sustainable development.

Saaed...
Egypt in Talks With EBRD Over Under-Construction Projects
2/26/2023 - Transport Minister Kamel el Wazir discussed with a delegation of the European Bank for Reconstruction and Development (EBRD) led by Vice President Alain Pilloux a number of under-construction projects...
Egypt Keen on Enhancing Industrial Partnership With Jordan, UAE, Bahrain
2/26/2023 - Egyptian Trade and Industry Minister Ahmed Samir reiterated here Egypt's keenness on enhancing cooperation and economic partnership with Jordan, the UAE and Bahrain as part of the higher committee of ...
Minister: Egypt Gas Warehouses Renovated at Investment Costs Hitting EGP 97 Mln
2/26/2023 - Petroleum and Mineral Resources Minister Tarek el Mulla inaugurated the strategic warehouses of Egypt Gas company in Abu Rawash after the end of their renovations at investment costs worth EGP 97 mill...
Minister: Gov't Offers Unprecedented Incentives for Private Investors
2/26/2023 - Minister of the Public Business Sector Mahmoud Esmat and Vice-President of the European Bank for Reconstruction and Development (EBRD) Alain Pilloux reviewed joint cooperation areas and opportunities....
All EGX Indices Up, Benchmark Increases 0.71 Pct
3/1/2023 - Egyptian Exchange (EGX) indices went up collectively at the close of trading, pushed by remarkable purchases from local and Arab institutions and investment funds.

Meanwhile, selective sale...
Mashat: Implementing Several Projects for Green Transition
3/1/2023 - International Cooperation Minister Rania Mashat has underlined continued efforts with multilateral and bilateral development partners for promoting transition to green economy and circular economy, th...
$9.13 Mln From GEF to Support Air Projects in Cairo
3/1/2023 - Environment Minister Yasmin Fouad has announced that a grant worth 9.13 million dollars will be provided by the Global Environment Facility (GEF) to expand the range of a project for managing air poll...
Egypt Keen on Attracting More Foreign Investments: Finance Min
3/1/2023 - Minister of Finance Mohamed Maait asserted Egypt's keenness on effective contribution facilitating the international trade movement and attracting more foreign and local investments to help benefit fr...
Cabinet Holds Its Weekly Meeting At NAC to Discuss Important Files
3/1/2023 - The Cabinet started its weekly meeting in the New Administrative Capital (NAC) under Prime Minister Mostafa Madbouli to discuss important economic, political and social files, as well as the latest de...
Foreign Currency Prices in Egypt Wednesday
3/1/2023 - The price of the US dollar continued to be stable in the National Bank of Egypt(NBE), while foreign currency rates witnessed slight changes.

Foreign currency exchange rates on Wednesday at ...
INTERVIEW: EBRD to Invest Over $1.4 Bln in Egypt ?n 2023: VP
3/1/2023 - The European Bank of Reconstruction and Development (EBRD) is projected to invest over $1.4 billion in Egypt, the highest investment the bank has ever made in the country, the EBRD’s Vice President fo...
Egypt's Tourism Ministry Imposes New Fees on Sector’s Business Activities
3/1/2023 - Egypt's Ministry of Tourism and Antiquities has imposed new fees on hotels, coffee shops, tourism operators, restaurants, and bazaars to be paid for the Tourism and Antiquities Support Fund, according...
Egypt, Copenhagen Infrastructure Mull Green Investments
3/4/2023 - Minister of Planning and Economic Development and Chairperson of the Sovereign Fund of Egypt Hala el Saeed met with co-founder of the Copenhagen Infrastructure Philip Christiani.

The meetin...
Egypt's Cabinet Denies Increase in Public Transport Fares
3/4/2023 - The media center of the cabinet denied reports on the increase of fares and ticket prices for public transport across the nation after the latest hike in fuel price.

In a statement, the cen...
Finance Minister: Package for Improving Salaries, Pensions at EGP 150 Bn Annually
3/4/2023 - Finance Minister Mohamed Maait said a package for improving salaries and pensions was swiftly prepared at about EGP 150 billion annually in accordance with directives of President Abdel Fattah El Sisi...
Trial Operation of Kafr El Dawar Bridge Kicks Off on Cairo-Alex Road
3/4/2023 - Transport Minister Kamel El Wazir announced that the trial operation of Kafr El Dawar bridge on Cairo-Alexandria agricultural road started .

The 625-meter length and 24-meter width bridge c...

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