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Financials and Investment News in Egypt

Egypt: No Plans to Privatize State-Owned Hospitals
11/8/2012 - Health Minister Mohamed Mostafa Hamed denied press reports which said that the ministry intends to privatize State-owned hospitals. In a statement, issued by the Health Ministry on 7/11/2012, Hamed sa...
Tax on Bourse Trading in Egypt to be Applied only on Companies
11/8/2012 - Finance Minister Momtaz al-Saeed said on 7/11/2012 that the Cabinet decided to levy 10 per cent taxes on only companies profits excluding individuals in the Stock Exchange.
Talks with AU to Solve Water Problems
11/8/2012 - Minister of Water Resources and Irrigation Mohamed Bahaaeldin held on 7/11/2012 official talks with the Commissioner of African Union (AU) for the rural economics and agricultural affairs Tomuscimi Ro...
Egypt, IRU Sign Road Transport Agreement
11/9/2012 - The Federation of Egyptian Chambers of Commerce (FECC) and the International Road Transport Union (IRU) signed an agreement on 08/11/2012 to allow Egyptian trucks to move their cargo through world mar...
Agriculture Ministry, USAID Sign MoU on Cooperation
11/9/2012 - The Agriculture Ministry and the United States Agency for International Development (USAID) signed on 08/11/2012 a memorandum of understanding (MoU). The memo was inked by head of the Union of Produce...
Ashraf al-Arabi: Supporting Economic Relations with Tunisia
11/10/2012 - Minister of Planning and International Cooperation Dr. Ashraf al-Arabi and Tunisian Ambassador in Cairo Mahmoud El-Khemeiry agreed to support efforts of the two countries with the development partners...
128 Investment Projects in the Governorates in Egypt
11/10/2012 - Minister of Investment Osama Saleh said that the government has prepared a list of projects to be promoted including 128 projects in various governorates, 14 projects to be established according to th...
Egyptian Exchange Shows Mixed Performance
11/10/2012 - The Egyptian Exchange showed varied performance over this week's sessions due to investors' concerns about the new capital-gain taxes on stock-exchange profits announced by the government. The vague p...
Turkish Plant to be Set up with $400m Investments in Sinai
11/10/2012 - Industry and Foreign Trade Minister Hatem Saleh met on 09/11/2012 with the Turkish Company KSG representatives to discuss establishing an industrial compound in Sinai with investments up to USD 400 mi...
Meeting between Businessmen and Ministries in Egypt
11/10/2012 - Prime minister held a meeting with a group of businessmen and representatives from ministries of investment and industry to discuss many issues like investment map in Egypt that include: Great project...
Land Reclamation Companies Meeting
11/11/2012 - Prime minister held a meeting with ministers of finance, agriculture, investment to discuss the situation of land reclamation companies. It was decided to convene the General Assembly of the Holding C...
Meeting with Eixon Mobil English Company
11/11/2012 - Prime minister received chairman of board of directors of Eixon Mobil English company, this meeting was attended by minister of petroleum. History of the company activity in Egypt dates back to 1902, ...
IMF Delegation in Cairo for Loan Negotiations
11/11/2012 - An International Monetary Fund (IMF) delegation arrived in Cairo for negotiations on a loan requested by Egypt. Meantime, the IMF delegation met Prime Minister Hisham Qandil to discuss the terms of th...
CAMPAS: Inflation Rate Continues to Surge for 4th Month
11/11/2012 - The annual inflation rate rose in last October to hit 7% while the monthly inflation rate increased by 0.8%, compared to last September, to register 128.5 points, according to the Central Agency for P...
Hisham Qandil Visit to Beni Suef Governorate
11/12/2012 - Prime minister visited Beni Suef governorate, accompanied by ministers of local development, investment, electricity, industry, drinking water, and head of industrial development association, to open ...
Talks with IMF, No Pressures on Egypt
11/12/2012 - Finance Minister Momtaz Al-Saeed said that government's talks with the technical team of the International Monetary Fund (IMF) are expected to end on Tuesday, expressing optimism over the results of t...
€100m of European Investments to Set up Projects in Egypt
11/12/2012 - Industry and Foreign Trade Minister Hatem Saleh said on 11/11/2012 that an international firm seeks to establish a number of home electrical appliances projects with €100 million investments in the co...
Egyptian Exchange Ended at Minimum Liquidity in 16 Weeks
11/12/2012 - The Egyptian Exchange dealings on 11/11/2012 ended at the lowest level of liquidity in 16 weeks, as a result of heavy selling operations. The main benchmark index EGX 30 went back by 0.2 percent regis...
Singapore Offers to upgrade Canal Axis
11/12/2012 - Tamasek, an Asia Investment Firm headquartered in Singapore, has presented offers for investment in Egypt within the framework of a plan outlined by the government to launch new projects to develop th...
Qandil Discuses Conditions of Land Reclamation Companies
11/12/2012 - Prime Minister Hisham Qandil held a meeting to discuss the status of land reclamation companies. The meeting was attended by Finance Minister Momtaz el-Saeid, Agriculture and Land Reclamation Minister...

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