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Financials and Investment News in Egypt

Cabinet Issues New Edition of 'Contemporary Economic Horizons' on 'Green Economy'
5/31/2023 - The Cabinet's Information and Decision Support Center (IDSC) issued a new edition of "Contemporary Economic Horizons" publication on "green economy" issue.

The publication highlights the im...
Egypt inks 3 deals with FAO
6/1/2023 - Irrigation Minister Hany Soweilam has signed three agreements with the Food and Agriculture Organization of the United Nations (FAO) representative in Egypt Nasredin Hag.

The deals are rela...
Egypt Keen to Promote Integration With New Development Bank
6/1/2023 - International Cooperation Minister Rania El Mashat has stressed that Egypt has strong ties with development partners to support climate action and the Sustainable Development Strategy (SDS): Egypt Vis...
Maait: Presidential Authorization to Work on Transferring Egyptian Expertise
6/1/2023 - Finance Minister Mohamed Maait said that there is a presidential authorization to work on transferring the Egyptian expertise and experiences in reforming and mechanizing the different sectors to the ...
Environment Min. Participates in High-Ranking Ministerial Meetings of Conf
6/1/2023 - Environment Minister Yasmin Fouad headed for Addis Ababa to attend ministerial meetings of the high-level conference for Africa, the Caribbean and the Pacific to discuss the outcome of UN Biodiversity...
Egypt, Rwanda Seek Settlement of Payments Under Equal Deals Mechanism
6/1/2023 - Trade and Industry Minister Ahmed Samir said that the Central Bank of Egypt (CBE) and its Rwandan counterpart are studying ways to settle payments within the framework of a barter deal mechanism betwe...
PM Inspects Dry Bulk Terminal in Alex. Dekheila Port
6/3/2023 - Prime Minister Mostafa Madbouli inspected the dry bulk terminal in Dekheila Port in the Egyptian coastal city of Alexandria.

The premier is paying a visit to Alexandria Governorate, accompa...
Business Sector Minister Starts Field Tour of Ghazl El Mahalla Company
6/3/2023 - Public Business Sector Minister Mahmoud Esmat started a field tour of Misr Spinning and Weaving Company in El Mahalla El Kubra city in Gharbia Governorate.

The tour is aiming at constantly ...
Communications Minister: Samsung Electronics to Establish Mobile Phone Factory in Beni Suef
6/3/2023 - Minister of Communications and Information Technology Amr Talaat has announced South Korea's Samsung Electronics company will establish a mobile phone factory in Beni Suef governorate on an area of 6,...
Egypt Ranks 1st Regionally, 14th Globally in Terms of Recycling Rates: IDSC
6/4/2023 - Egypt ranked 1st regionally and 14th globally in terms of recycling rates, according to the Cabinet's Information and Decision Support Center (IDSC).

Egypt currently has 28 recycling factor...
Gov't Aims to Increase Expenditure on Health Sector By 15% in New Budget: Maait
6/4/2023 - The government aims to increase its expenditure on the health sector by 15% in the new budget, said Finance Minister Mohamed Maait.

The government expenditure on the health sector increase...
Maait: Egypt's Strong Political Will Is to Achieve Citizens' Dream of UHIA's Coverage
6/4/2023 - Finance Minister Mohamed Maait, head of the Universal Healthcare Insurance Authority (UHIA), asserted that Egypt is moving ahead with a strong political will towards achieving the Egyptians' dream of ...
Saudi Min.: Kingdom Interested in Boosting Exports to Egyptian Market
6/4/2023 - Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef stressed the kingdom's interest in boosting exports to the Egyptian market.

In statements to the Saudi Ekhbariya channel, ...
AL Works on Coordinating Efforts of Member States to Protect Environment
6/5/2023 - Arab League (AL) Secretary General Ahmed Abul Gheit asserted that the AL is working on coordinating efforts of its member state to be open to national experiences to protect the environment and achiev...
EAEA Chief Confers With Argentina's Envoy on Enhancing Scientific Cooperation
6/5/2023 - Chairman of the Egyptian Atomic Energy Authority (EAEA) Amr El-Hag Ali conferred with Argentina's new envoy to Cairo Gonzalo Urriolabeitia and his accompanying delegation on means of enhancing scienti...
PM Witnesses Inking Mou on Developing Automotive Industry in Egypt
6/5/2023 - Prime Minister Moustafa Madbouli witnessed inking a memorandum of understanding between the automotive industry unit at the Ministry of Trade and Industry and the African Association of Automotive Man...
2022 Exceptional Year at Level of Economic Challenges: Mashat
6/5/2023 - Minister of International Cooperation Rania el Mashat said the year 2022 had been exceptional at the level of economic challenges that faced the world due to the eruption of the Russian-Ukrainian cris...
Madbouli: We Hope to Turn Egypt Into Key Hub for Localising Vehicles Industry
6/5/2023 - Prime Minister Moustafa Madbouli asserted the importance of the Supreme Council for Automotive Industry, noting that this industry is accorded top priority by President Abdel Fattah El Sisi.

...
PM Approves Some Amendments to Executive Regulations of Investment Law
6/5/2023 - Prime Minister Mostafa Madbouli issued a decree amending some articles of the Executive Regulations of Investment Law No. 2310 of 2017.

The first article, which is to replace Article No.76...
Preparatory Meetings at Experts' Level Kick Off to Arrange for 2nd Joint Egyptian-Iraqi Committee
6/10/2023 - Preparatory meetings at the level of experts kicked off to arrange for the second session of the Joint Egyptian-Iraqi Committee.

The meetings are chaired by the Egyptian Ministry of Interna...

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