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Financials and Investment News in Egypt

Providing Foreign Currency Is Temporary Problem Resulting From Global Geopolitical Circumstances
5/18/2023 - Planning Minister Hala el Saeed asserted that providing foreign currency is a temporary problem resulting from the geopolitical circumstances taking place around the world.

The increasing d...
Minister: Communications, IT Sector Reached Growth Rate of 16.3%
5/20/2023 - Communications and Information Technology Minister Amr Talaat asserted that Egypt’s strategy, implemented by the ministry, aims at reaching a number of goals including enhancing the communications and...
Minister: State offers all facilitations to encourage agricultural investment
5/20/2023 - Minister of Agriculture and land Reclamation El Sayyed El Quseir asserted the state is offering all possible facilitations to encourage local and foreign agricultural investment.

Egypt has ...
CBE Gets ISO Accreditation in Business Continuity Management
5/20/2023 - The Central Bank of Egypt (CBE) has been awarded "ISO" 22301:2019 Certification in Business Continuity Management (BCM) from MSECB, a leading provider of quality certification and branding in the Midd...
Trade Minister Probes EV Investment Opportunities With India's Auto Giants
5/20/2023 - Minister of Trade and Industry Ahmed Samir reviewed investment opportunities in the national auto industry during separate meetings with delegations from India's Hinduja and Motherson groups.

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Interior Ministry Grants Foreign Investors One-Year Residence
5/20/2023 - The Interior Ministry announced a decision to grant foreign investors wishing to do business in Egypt a one-year residence (not for a tourism purpose), which can be renewed for six months or a year th...
CAPMAS: Trade Exchange Between Egypt, Oman Up By 64.6% In 2022
5/20/2023 - The volume of trade exchange between Egypt and Oman hit 1.1 billion dollars in 2022, compared to 650.8 million dollars in 2021, with an increase of 64.6 percent, according to the Egyptian Central Age...
Egypt's Central Bank Keeps Interest Rates Unchanged
5/20/2023 - In line with widespread expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep the overnight deposit rate, overnight lending rate, and the rate of the mai...
Egypt’s PM Assured of Availability of Sufficient Stocks of Various Medical Supplies
5/21/2023 - During his meeting with head of the Egyptian Authority for Unified Procurement Bahaa El Din Zidan, Prime Minister Mostafa Madbouly has been updated on the availability of sufficient stocks of various ...
PM Follows Up Status of Gov't Dues to Arab Contractors Company
5/21/2023 - Prime Minister Mostafa Madbouli asserted that the State was keen on accelerating the payment of dues owed by a number of governmental bodies to "Arab Contractors" Company in order to pursue with its p...
Egyptian Remittances from Arab Countries Decline in FY2021/2022: CAPMAS
5/21/2023 - Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over the 2022 calendar year, according to a statement from the Centr...
58th Afdb Annual Meetings to Kick off Monday in Sharm El-Sheikh
5/21/2023 - The 58th Annual Meetings of the Board of Governors of the African Development Bank (AfDB) and the 49th Meetings of the Board of Governors of the African Development Fund are set to kick off on Monday ...
Egypt's Exports to US Shrink 9.1% in 2022: CAPMAS
5/21/2023 - Egyptian exports to the United States declined by 9.1 percent to $2.3 billion in 2022 from $2.5 billion a year earlier, according to data released by the Central Agency for Public Mobilisation and Sta...
IDSC Says EGX Leading Financial Institution in Terms of Capital Market Sustainability
5/22/2023 - The Cabinet’s Information and Decision Support Center (IDSC) has stated that the Egyptian Exchange (EGX) is considered one of the leading financial institutions, where capital market sustainability is...
Trade Minister Puts Volume of 2022 Trade Exchange With Oman at $1.80bn
5/22/2023 - Trade and Industry Minister Ahmed Samir said that the volume of trade exchange between Egypt and Oman reached 1.80 billion dollars in 2022, rising from 651 million dollars the year before.

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Egypt, Oman Have Competitive Advantages to Upgrade Economic Ties
5/22/2023 - Planning Minister Hala el Saeid said that Egypt and Oman have competitive advantages at the economic level.

The government is exerting utmost efforts to achieve development and is seeking t...
Egyptian Exports to The US Fall to US$2.3 Billion in 2022: CAPMAS
5/22/2023 - The Central Agency for Public Mobilization and Statistics reported a decrease in the value of Egyptian exports to the US during 2022.

This came during the report “Economic Relations between...
Egypt's Sczone Offers Direct, Indirect Investment Incentives: Zone Head To Chinese Companies
5/22/2023 - Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, stressed that the zone provides direct and indirect incentives for investors to operate in the country....
Egypt Pharmaceutical Exports Poised for 420% Growth by 2030: Senate
5/22/2023 - Egypt's pharmaceutical sector is poised for significant growth, with the potential to achieve $5 billion in exports by 2030, up from $964 million in 2022, covering pharmaceutical drugs, medical suppli...
Planning Min., Omani Finance Minister Discuss Joint Cooperation
5/23/2023 - Minister of Planning and Economic Development Hala el-Saeed met with Omani Minister of Finance Sultan bin Salem bin Saeed Al-Habsi and Oman Investment Authority (OIA) chairman Abdulsalam Al-Murshidi f...

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