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Financials and Investment News in Egypt

Promoting Sczone Potential in India
6/18/2023 - Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal Eddin left Cairo leading a delegation for the Indian capital New Delhi to promote investment opportunities in el-Sokhna area and look into...
Egypt Has Partnership Ties, Co-Operation With IFC- Mashat
6/18/2023 - Egypt’s International Co-operation Minister Rania el Mashat asserted Sunday Egypt has greater partnership relations and co-operation with the International Finance Corporation

Speaking at a...
Int’l Finance Corporation to Advise on IPO Programme
6/18/2023 - Egypt’s Prime Minister Moustafa Madbouli on Sunday witnessed the signing of an agreement with the International Finance Corporation (IFC), a financial arm of the World Bank Group (WBG).

As ...
Sisi commends fruitful partnership with IFC
6/18/2023 - President Abdel Fattah El Sisi lauded the fruitful partnership and cooperation between the government and the International Finance Corporation (IFC), especially in the fields of infrastructure, renew...
Egypt Hires Private Company to Develop Digital Services Platform for Smes
6/18/2023 - The Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has partnered with digital platform developer eAswaaq Misr to manage, operate, and market Egypt's inaugural online services...
Moselhi: Wheat Stock Is Enough for 6 Months
6/19/2023 - Egypt’s strategic reserve of wheat is sufficient for 6 months, announced Ali Al-Moselhi, Minister of Supply and Internal Trade.

During laying the foundation stone for two new logistical and...
Gov't Denies Claims on Food Commodities Shortage
6/19/2023 - The Cabinet media center denied reports on shortage of food commodities in markets.

In a statement the center said it communicated with the Supply Ministry which dismissed the news as basel...
IFAD Invites Mashat to Review Agricultural Development Projects
6/19/2023 - The International Fund for Agricultural Development (IFAD) has invited Minister of International Co-operation Dr Rania el-Mashaat to its headquarters in Rome to review the successes of the fund’s proj...
Mou: Funding for More Gas-Fuelled Cars
6/19/2023 - A memorandum of understanding (MoU) has been signed to support micro, small and medium enterprises (SMEs) and offer owners opportunities to increase production.

The Micro, Small and Medium ...
Local Development Minister: State Seeks to Set Up Logistics Areas in All Governorates
6/19/2023 - Minister of Local Development Hisham Amna said that the Egyptian state is working to facilitate trade movement and establish logistics service areas in all governorates to push forward the development...
Justice Minister: Egypt Keen on Realizing Sustainable Economic Growth
6/19/2023 - Justice Minister Omar Marawan has said Egypt's political leadership is keen on realizing sustainable economic growth.

President Abdel Fattah El Sisi's sponsorship of the first forum on busi...
Cabinet: 1.6 Mln Egyptians Covered by 'Tahya Misr"1st Quarter of 2023
6/19/2023 - Prime Minister Mostafa Madbouli asserted the importance of "Tahya Misr" fund, which he viewed as a key axis in implementing Egypt's comprehensive development since its launching eight years ago.
Explainer: Why Does Egypt Need IFC's Assistance for Its IPO Programme?
6/19/2023 - The Egyptian government signed on Sunday an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank, to provide advisory services for its initial public offer...
Egypt Ranks 6th for Remittances Among Middle-Income Nations in 2022: World Bank
6/19/2023 - Egypt ranked sixth among low and medium-income countries that received remittances in 2022, a slight decline from its fifth place ranking from the previous year, according to a report by the World Ban...
Dollar Prices Stable at Start of Wednesday's Transactions in Egypt's Major Banks
6/20/2023 - The dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying...
IMF Urges Egypt to Address FX Reserves Leakage And Multiple Exchange Rates
6/20/2023 - International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that Egypt needs to work on preventing the leakage of foreign exchange (FX) reserves caused by the multiple exchange rates...
Maait Urges African Coordination, Boosting Co-Operation Mechanisms
6/20/2023 - Minister of Finance Mohamed Maait called for coordinating African stances and boosting the mechanisms of co-operation and integration towards achieving continental integration, amid the grave internat...
Molla, Saudi Company Arcelormittal Jubail Discuss Expansion In Egypt
6/20/2023 - Minister of Petroleum and Mineral Resources Tarek El Molla discussed with a delegation of Saudi company ArcelorMittal Jubail means of boosting co-operation in the field of oil and gas pipeline manufac...
SCZONE, India’s Flex Sign Contract on Projects Expansion in Sokhna Region
6/20/2023 - The General Authority for the Suez Canal Economic Zone (SCZONE) announced signing a contract for expansion in the projects of the Indian company Flex in the industrial zone of Sokhna.

Eng. ...
PM Reviews Plan to Develop Dabaa Lands
6/20/2023 - Prime Minister Moustafa Madbouli has asserted great attention paid to the Dabaa Corridor and its road extensions. Efforts are focused on implementing the national roads and axes network as an output...

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