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Financials and Investment News in Egypt

PM Reviews MSMEDA’s Development Efforts During 2014-2022 Period
3/11/2023 - Prime Minister Mostafa Madbouli has reviewed a report presented by Basel Rahmy, CEO of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), on the agency’s development efforts over the...
PM: Cooperatives Eye Greater Role in Mega Development Projects Nationwide
3/11/2023 - The General Federation for Cooperatives is working for directing and planning the activities of the cooperative sector's units in various sectors by playing its national economic, social, and cultural...
Msmeda Helps Entrepreneurs Turn Their Ideas Into Financially Viable Enterprises
3/11/2023 - CEO of the National Micro, Small and Medium Enterprise Development Agency (MSMEDA) Basel Rahmy said that the agency is keen on disseminating and encouraging the culture of entrepreneurship in the Egyp...
Mashat Hails Coordination Between UN Agencies, National Entities
3/11/2023 - International Cooperation Minister Rania el Mashat hailed the efforts and continued coordination between development partners and the UN agencies from one side and the relevant national entities from ...
Mashat, UN Official Inspect UN Development Projects in Aswan
3/11/2023 - International Cooperation Minister Rania el Mashat along with UN Resident Coordinator in Egypt Elena Panova inspected Saturday several UN development projects in Aswan.

The inspection tour ...
CAPMAS: Egypt's Exports to China Jump By 20.8% in First 11 Months Of 2022
3/11/2023 - Egypt's exports to China registered $1.7 billion in the first 11 months of 2022, compared to $1.4 billion in the same period of 2021, marking an increase of 20.8%, announced the Central Agency for Pub...
Egypt Gets $3.8 Million Japanese Grant to Improve Water, Food Security
3/11/2023 - Ambassador of Japan in Cairo Oka Hiroshi and The Food and Agriculture Organization of the United Nations (FAO) Representative in Egypt Nasr El-Din Haj El-Amin signed a financing agreement worth approx...
Minister: Facing World Economic Challenges With Stimulus Package
3/11/2023 - Finance Minister Mohamed Maait said the government adopted a stimulus package to scale up production rates in order to integrate with other efforts exerted by the state to flexibly deal with world eco...
Saudi Aramco Reports Record Profit of $161 Billion in 2022
3/12/2023 - Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest c...
PM Follows Up Progress of ACI System
3/12/2023 - Prime Minister Mostafa Madbouli chaired a regular meeting to follow up on the position of implementing the Advance Cargo Information System (ACI).

The meeting was attended by Governor of th...
Petroleum Min. Probes LNG, Green Hydrogen Cooperation With Germany
3/12/2023 - Egypt is expected to announce its national strategy for green hydrogen production soon, Minister of Petroleum and Mineral Resources Tarek El Molla said .

Molla was speaking during a meeting...
Egypt, India Seek to Further Cooperation - Minister
3/12/2023 - Finance Minister Mohamed Maait reiterated keenness on enhancing cooperation with the Indian side in the financial inclusion and financial technology domains.

During his meeting with Indian ...
PM: Govt to Start Procedures for Offering NPC, SAFI Wednesday
3/12/2023 - Prime Minister Mostafa Madbouli said the government is keen to implement the public offering program, which comes as part of the State Ownership Policy Document.

The premier added this prog...
Damietta Port Handles 32 Container, Cargo Ships
3/12/2023 - As many as 32 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours.

In a statement, the Damietta Port Authority's (DPA) media center said the total trade...
Egypt, Germany Discuss Investment in Energy Sector
3/12/2023 - Electricity and Renewable Energy Minister Mohamed Shaker on Sunday underlined the depth of ties binding Egypt and Germany in the various domains.

This came during the minister's meeting wit...
Dollar Rates Stable at Start of Sunday's Transactions in Egypt's Major Banks
3/12/2023 - The dollar exchange rate was stable at the start of Sunday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 f...
Migration Minister Launches Awareness Campaign on Investments in Egypt
3/12/2023 - Minister of State for Migration Soha el Gendy announced launching an awareness campaign aiming at shedding light on Egyptian State's efforts to stimulate investments.

The campaign titled "E...
Egypt’s Inflation to Hit 25.9% Over 2023: Fitch Solutions
3/12/2023 - Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February, according to its updated report on MENA Monthly Outlook.

...
Egypt to Start Process of Listing Military-Affiliated “Safi” And “NPC” Companies to Investors
3/12/2023 - The Egyptian government announced that it would begin listing two military-affiliated National Petroleum Company (NPC) and National Co. for Natural Water in Siwa (Safi) to investors.

In a m...
Egypt Positioned to Attract Foreign Investments in Priority Sectors: Maait
3/12/2023 - Egypt has become qualified to attract both foreign and local investments and is providing all necessary facilities to encourage production in sectors that are of national priority, Egypt’s Minister of...

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