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Financials and Investment News in Egypt

Egypt Inks Multiple Deals to Boost Green Transformation in Suez Canal Economic Zone
4/12/2023 - The Ministry of Environment signed a cooperation agreement with the Suez Canal Economic Zone (SCZone) to finance environmental projects for companies in the zone, according to a statement released by ...
Mashat Holds Key Talks With Heads of Int'l Financial Institutions
4/18/2023 - Minister of International Cooperation Rania el Mashat had bilateral talks with a host of officials representing governments and international financial institutions on the sidelines of her participati...
PM Follows Up TSFE's Efforts to Lure Foreign, Local Investments
4/18/2023 - Prime Minister Mostafa Madbouli chaired a cabinet meeting to follow up on efforts exerted by The Sovereign Fund of Egypt (TSFE or the Fund) to attract foreign and local investments.

Madboul...
Irrigation Min Discusses Conditions of Egyptian Irrigation Mission in Sudan
4/18/2023 - Water Resources and Irrigation Minister Hani Sewilam presided over a meeting to discuss the conditions of the Egyptian irrigation mission in Sudan, in light of the tension engulfing the African countr...
Civil Aviation Min. Witnesses Inking of Deal Between Hassan Allam, Mollar Capital
4/18/2023 - Civil Aviation Minister Mohamed Abbas Helmi witnessed the inking of an agreement between Hassan Allam Utilities and A.P. Moller Capital to offer several services, including utilities, distribution cen...
IDSC: Investments in Fintech Hit Dlrs 167m in First Half of 2022
4/18/2023 - The cabinet's Information and Decision Support Center (IDSC) said investments in financial technology reached dlrs 167 million in the first half of 2022, thus rising 12 times compared to 2017.

...
US Dollar Price Stabilizes in Egypt Ahead of Eid Al-Fitr
4/18/2023 - The US dollar price in Egypt stabilized at the beginning of trading the price of the dollar rebounded globally, supported by the rise in bond yields and expectations of a rise in the US interest rate ...
Egypt, IMF Had Fruitful Discussions on Preparations for The Loan Deal’s 1st Review
4/18/2023 - The Egyptian government and International Monetary Fund (IMF) staff had fruitful discussions in preparation for the first review mission of Egypt's reform program which is supported by the IMF’s Exten...
Egyptian Logistics Company Egytrans to Acquire 99.9 Percent of NOSCO
4/18/2023 - Egyptian company Egytrans approved a proposal to acquire 99.9 percent of the share capital of National Transport and Overseas Services Company (NOSCO), a bourse filing read.

Egytrans, liste...
PM Asserts Egypt's Keenness on Boosting Bilateral Ties With Italy
4/19/2023 - Prime Minister Moustafa Madbouli asserted Egypt’s keenness on enhancing bilateral ties with Italy in the different domains.

During his meeting with Italian Ambassador to Egypt Michele Quaro...
Egypt Has 1st-Time Database for Smart Green Projects: NISGP Coordinator
4/25/2023 - The ministries of planning and economic development and local development will hold a meeting soon, in the presence of provincial governors, to promote the National Initiative for Smart Green Projects...
Egypt, Greece Sign MOU on Launching Dialogue to Exchange Viewpoints
4/25/2023 - Egyptian Minister of Finance Mohamed Maait said the Egyptian government was keen on enhancing cooperation with the Greek side in the various fields.

This came during Maait's signing a memor...
Fuel of 500,000 Vehicles Converted to Natural Gas Till March 2023: Petroleum Ministry
4/25/2023 - Some 50,000 vehicles have been converted to operate on dual fuel between July 2022- March 2023, bringing the total number of the vehicles that have been converted since that start of the conversion in...
39 Ships Handled At Damietta Port Over Past 24 Hours
4/25/2023 - As many as 39 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours.

In a statement released, the Damietta Port Authority said the total trade volume of e...
Egypt, Greece Sign Mou to Enhance Financial Cooperation
4/25/2023 - Egypt's Minister of Finance Mohamed Maait signed a memorandum of understanding (MoU) with his Greek counterpart, Christos Staikouras, to enhance financial cooperation, according to a statement release...
Trade Exchange Between Egypt, Africa Hit Dlrs 2.117 Bn in Q1 of 2023
4/26/2023 - Trade and Industry Minister Ahmed Samir said the volume of trade exchange between Egypt and African markets reached about dlrs 2.117 billion in the first quarter of 2023.

Egypt's commodity ...
Mohamed Bin Zayed: Ambitious Economic Vision for Uae Centennial 2071
4/26/2023 - Finance Minister Mohamed Maait said that the allocation for the health sector has met the constitution requirement in the state's new budget, despite current challenges globally.

Such chall...
Egypt Discussing $80 Mln Pharmaceutical Raw Materials Project With Indian Investors
4/26/2023 - The Egyptian government announced that talks are underway with local and Indian investors launching projects to manufacture pharmaceutical raw materials with $80 million investments.

In a s...
Egypt May Need Tighter Monetary Policy to Tackle Inflation: IMF Regional Report
4/26/2023 - Central banks in the Middle East and Central Asia (MECA) region, including Egypt, may need to adopt tighter monetary policies in order to tackle surging inflation, according to the second chapter of t...
Finance Min.: Int'l Reports on Egyptian Economy Not Totally Fair
5/7/2023 - Finance Minister Dr Mohamed Maait said that the reports of international institutions on the Egyptian economy are not totally fair in dealing with Egypt.

In a telephone conversation with a ...

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