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Financials and Investment News in Egypt

Molla Confers With Chevron Int'l Chief on Increasing Production in Egypt
3/6/2023 - Minister of Petroleum and Mineral Wealth Tarek El Molla conferred with President of Chevron International Exploration and Production Company Clay Neff on Egypt's recent activities, its exploration pla...
Shaker Discusses Boosting Investment With British Delegation
3/6/2023 - Electricity and Renewable Energy Minister Mohamed Shaker commended the distinguished relations binding Egypt and Britain in several cooperation aspects in the vital energy generation sector.

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Africa Suffered More Crises in Post-Covid-19 Period: Qousair
3/6/2023 - Minister of Agriculture and Land Reclamation El Sayed el Qousair said Africa has witnessed further crises after the outbreak of Covid-19 pandemic.

The minister's remarks came on Monday duri...
PM Reviews Proposals to Promote Yacht Tourism in Egypt
3/6/2023 - Prime Minister Mostafa Madbouli reviewed proposals related to promoting yacht tourism in Egypt.

This came during a meeting held in the presence of the Commander of the Strategic Command and...
SCA: Suez Canal Revenues Hit Dlrs 1.5 Billion in January, February
3/7/2023 - Suez Canal Authority (SCA) Chairman Admiral Osama Rabie said revenues of the canal recorded a notable rise as it reached dlrs 1.5 billion over the months of January and February of this year compared ...
Petroleum Minister Holds A Number of Bilateral Meetings With Senior American Officials
3/7/2023 - Petroleum Minister Tarek El-Molla had talks on Tuesday with Guido Brusco, Chief Operating Officer of Natural Resources on Eni, on means of accelerating the implementation of plans for developing oil f...
Emigration Min. Assures Expats Govt Not to Access Salaries, Accounts
3/7/2023 - Minister of State for Emigration and Egyptian Expatriates' Affairs Soha El Gendy said that the government cannot possibly access salaries or personal accounts of Egyptians at home or abroad.

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PM: Gov't to Allocate Additional EGP 150 Bln to Social Protection Package
3/8/2023 - Prime Minister Mostafa Madbouli announced that the government will pay additional EGP 150 billion to implement President Abdel-Fattah El-Sisi’s recent decision to increase the minimum wage for governm...
Banks to Open Accounts for Free for International Women’s Day
3/8/2023 - On the occasion of International Women’s Day, banks will open accounts for free starting next week.

The list of financial inclusion activities in countries of the world included celebratio...
Planning Min., Azerbaijan Amb. Discuss Means of Cooperation
3/8/2023 - Planning Minister Hala el Saeed Azerbaijani Ambassador to Egypt Elkhan Polukhov discussed means to boost joint cooperation between Egypt and Azerbaijan.

During the meeting, Saeed asserted t...
Military Production Min. And Bulgarian Ambassador to Egypt Discuss Bilateral Cooperation
3/8/2023 - Minister of State for Military Production Mohamed Salaheddin Moustafa discussed with Bulgarian Ambassador to Egypt Deyan Angelov Katratchev and his accompanying delegation means of boosting bilateral ...
France Second Largest Country Exporting Wheat to Egypt: French Ambassador
3/8/2023 - France is the second largest country exporting wheat to Egypt, said French Ambassador to Egypt Marc Baréty, adding that Cairo imported 1.2 million tons of the strategic crop from Paris in 2022.
Egypt’s SCZONE, Abu Dhabi Ports Group Discuss Bolstering Cooperation
3/8/2023 - Egypt’s Suez Canal Economic Zone (SCZONE) discussed with Abu Dhabi Ports Group prospects for cooperation in industrial zones, logistical areas, and ports.

This came in a meeting between Cha...
PM Attends Signing of Mous to Develop Medical Examination
3/8/2023 - Prime Minister Mostafa Madbouli attended the signing ceremony of memorandums of understanding with two international companies to develop medical diagnosis in Egypt.

The MoUs were signed be...
Cabinet Holds Its Weekly Meeting at NAC to Discuss Important Files
3/8/2023 - 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...
Egypt’s Macroeconomy to Face Challenges With Maturity of 18% Yield Cds This Month: Experts
3/9/2023 - The one-year certificates of deposit (CDs), with 18 percent annual yield the National Bank of Egypt (NBE) and Banque Misr issued in March 2022, will mature on 19 March, raising questions about the loc...
Egypt to Establish Partnerships With Private Sector in Pharmaceuticals
3/9/2023 - Egypt has adopted an investment plan to establish projects with local and foreign pharmaceutical companies to localise the industry's technologies, Minister of Public Business Sector Mahmoud Esmat sai...
Egypt’s Annual Inflation Soars to 31.9 % in February: CAPMAS
3/9/2023 - Egypt’s annual headline inflation surged in February to 31.9 percent, up from 10 percent in February 2022 and 26.5 percent last month, reported the Central Agency for Public Mobilisation and Statistic...
Closing Prices for Crude Oil, Gold and Other Commodities
3/9/2023 - Wholesale gasoline for April delivery fell 1 cent to $2.69 a gallon. April heating oil fell 6 cents to $2.74 a gallon.

April natural gas fell 14 cents to $2.55 per 1,000 cubic feet.

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Minister: New Company To Be Launched To Promote Investments Of Egyptian Expats
3/11/2023 - State Minister for Emigration and Egyptian Expatriates’ Affairs Soha El Gendy promised to do her utmost to create a business-friendly environment for Egyptian investors all over the world.

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