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Financials and Investment News in Egypt

Egypt, UAE Sign Maritime Transport Cooperation Deals
3/18/2023 - The Ministry of Transport signed Saturday 18/03/2023 a number of important cooperation agreements with the Abu Dhabi Ports Group.

Transport Minister Kamel El Wazir and UAE Ambassador in Cai...
CAPMAS: Egypt's Exports to Turkey Rose By 32.3% in 2022; Bilateral Trade 14% Up
3/18/2023 - Egypt's exports to Turkey grew by 32.3 percent recording $4 billion in 2022 compared to $3 billion in 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed .

How...
Planning Minister Discusses Steps to Establish Platform for Sectoral Skills Councils
3/18/2023 - Planning and Economic Development Minister Hala el Said discussed with representatives of Workforce Egypt project the necessary steps to establish a platform for sectoral skills councils.

D...
Environment Minister: Pact to Be Signed Soon to Establish First Waste-to-Energy Plant
3/18/2023 - An agreement will be signed soon to establish the first waste-to-energy plant at a total cost worth dlrs 150 million, announced Environment Minister Yasmine Fouad.

The factory, which will r...
Minister: Egypt Gained No Benefits from Grain Deal During Ukraine-Russia Crisis
3/18/2023 - Supply and Internal Trade Minister Ali Moselhi said Egypt withdrew from the grain deal since Cairo has not got the desired benefits from the agreement during the Ukraine-Russia crisis.

Spea...
CBE: Mothers Allowed to Open Bank, Savings Accounts for Their Minor Children
3/19/2023 - The Central Bank of Egypt (CBE) issued clear instructions for banks to allow mothers to open bank and savings accounts for their minor children.

This move comes within the framework of the ...
Sczone to Launch Partnership Projects With Private Sector
3/19/2023 - Chairman of the Suez Canal Economic Zone (SCZONE) Walid Gamal el-Dien said the SCZONE plans to invite the private sector to partner up with it in carrying out a number of infrastructure projects, such...
Gov't to Examine Proposed Scenarios to Effectively Deal With High Inflation
3/19/2023 - Prime Minister Mostafa Madbouli instructed the bodies concerned to examine proposed scenarios, including additional actions, to come up with quick decisions that help in effectively dealing with high ...
Egypt Launches New Stage of National Strategy for Money Laundering
3/19/2023 - The National Strategy for Money Laundering and Terrorism financing aims at boosting the national economy and achieving goals of sustainable development though protecting financial and non-financial se...
ADFD Supports Sustainable Initiatives to Enhance National Industries’ Global Competitiveness
3/19/2023 - A delegation of the Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX) visited the headquarters of Mark Cables as part of a series of field visits to national institutions i...
PM Urges for Continued Efforts to Provide Commodities in Markets Ahead of Ramadan
3/21/2023 - Prime Minister Mostafa Madbouli directed governors to carry on with efforts aimed at providing various food commodities in markets in appropriate quantities and affordable prices, especially with the ...
Local Development Minister, WB Discuss Enhancing Cooperation
3/21/2023 - Minister of Local Development Hisham Amna received a delegation from the World Bank.

At the beginning of the meeting, the Minister of Local Development welcomed the delegation of the World ...
Irrigation Minister Heads for NY to Take Part in UN 2023 Water Conference
3/21/2023 - Egypt’s Minister of Irrigation and Water Resources Hani Suweilam left here for New York on Monday leading a high-level delegation to take part in the UN 2023 Water Conference, set for March 22 to 24, ...
Egypt, Georgia Ink Mou on Boosting Investment Cooperation
3/21/2023 - Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba and Chief Executive Officer of Enterprise Georgia Mikheil Khidureli inked a memorandum of understandi...
Egypt, Uzbekistan Seeking to Enhance Economic Ties
3/21/2023 - Egypt is keen on boosting economic relations with Uzbekistan, said Trade and Industry Minister Ahmed Samir .

Uzbekistan is an important country in central Asia, Samir said during a meeting ...
INTERVIEW: World Bank’s IFC Eyes Egypt’s IPO Companies For Minority Shares Purchase, Says VP
3/22/2023 - Egypt is an important country for the International Finance Corporation (IFC), a financial arm of the World Bank Group (WBG), with a huge potential that needs to be tapped, IFC Vice President for Afri...
Agreement Inked to Enhance Participation of Private Sector in Sea Water Desalination
3/22/2023 - Planning and Economic Development Minister and Chairperson of the Sovereign Fund of Egypt Hala el Saeed asserted that Egypt recognizes the importance of the right management of water resources to prod...
Military Production Min., Fuji-Sino Chinese Company Discuss Bilateral Cooperation
3/22/2023 - Minister of Military Production Mohamed Saleh el-Din discussed during a meeting with Chinese Company.

Fuji-Sino Elevators Co., Ltd means of boosting bilateral cooperation in producing autom...
Egypt Discusses Joint Cooperation With WB
3/22/2023 - Minister of Agriculture and Land Reclamation El Sayed Al Qusseir met with Meskerem Burhan, the Regional Director for the Middle East and North Africa for Sustainable Development Groups at the World Ba...
Petroleum Min.: Sukari Gold Mine Production Amounts to 5.2 Mn Oz
3/22/2023 - Minister of Petroleum & Mineral Resources Tarek el-Molla said mining investment in Egypt has trodden down the right path, with the aim of maximizing returns of the mineral wealth to help further prope...

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