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Financials and Investment News in Egypt

IDSC: Egypt Jumps to 24th Place in 2022 IATA’s Air Connectivity Index
7/11/2023 - Egypt has witnessed a high ranking of its aviation networks, reflecting a boost in the country's global connectedness, according to a report by the cabinet's Information and Decision Support Center.
Pm Attends Inking of Mou Between Planning Ministry And Ida
7/11/2023 - Prime Minister Moustafa Madbouli attended, on Tuesday 11-July-2023, the inking ceremony of a memorandum of understanding between the Ministry of Planning and the Industrial Development Authority (IDA)...
Mashat: Global Inflation, Economic Repercussions Upped Development Requirements
7/11/2023 - International Cooperation Minister Rania el Mashat asserted the development cooperation has played an active role in financing development and climate action agenda in developing countries.

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PM, GAFI Head Discuss Granting Golden License to Some Investors
7/16/2023 - Prime Minister Mostafa Madbouli held a meeting with CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba to discuss granting the golden license to some investors for starting...
Brazilian Trade Delegation Willing to Invest in Suez Canal Economic Zone
7/16/2023 - A Brazilian trade delegation expressed interest in investing in the economic zone of the Suez Canal, lauding the big available chances for cooperation with the economic zone.

During his mee...
Madbouli Discusses Packages of Incentives to Attract More Investments
7/16/2023 - Prime Minister Mostafa Madbouli has stressed the importance of the presence of new clear criteria for projects that require new investment incentives, especially in central business zones.

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Dollar Prices Stable at Major Egyptian Banks
7/16/2023 - The exchange rate of the US dollar against the Egyptian pound was stable at the beginning of Sunday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Mis...
Egypt's Banks Off For 4 Days Over New Hijri Year, July 23 Revolution Anniversary
7/16/2023 - The Central Bank of Egypt announced on Sunday a four-day holiday on the occasion of the new Hijri Year and July 23 Revolution anniversary.

The holiday will start, July 20, and ends on Sunda...
Egypt Studies Building 3 New Free Zones
7/16/2023 - Egypt's Prime Minister, Mostafa Madbouly, announced during a meeting with Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), that the government is considering building t...
PM Hails Fruitful Cooperation Between Electricity Ministry, ACWA Power Saudi Company
7/17/2023 - Prime Minister Moustafa Madbouli hailed the fruitful cooperation between the Electricity and Renewable Energy Ministry and ACWA Power Saudi company in several spheres, especially a 10 gigawatt wind po...
Madbouli Reviews ECA Role in Protecting Consumers
7/17/2023 - Prime Minister Mostafa Madbouli discussed at the Cabinet headquarters in the New Alamein City with Mahmoud Momtaz, head of the Egyptian Competition Authority, efforts exerted during the past year to p...
CBE Signs Two Mous With CBN, London Banking Institute
7/17/2023 - The Central Bank of Egypt (CBE) signed two memos of understanding with the Central Bank of Nigeria (CBN) and the London Institute of Banking & Finance.

The signing came on the sidelines of ...
Fintech Event Seamless North Africa 2023 Kicks Off in New Cairo
7/17/2023 - Regional fintech event Seamless North Africa has kicked off in Egypt's New Cairo with the participation of over 4,000 from international, regional, and local financial and banking institutions, accord...
Canada Grants Egypt CA$10 Mln for Food Security, Climate Change Adaptability
7/17/2023 - The Canadian government has granted Egypt CA$10 million to support the country's efforts towards to food security and tackling climate change, according to a statement released on Monday.

T...
Egypt's Primary Budget Surplus Records $5.3 Bln in 2022/23
7/17/2023 - Egypt has achieved a primary budget surplus of EGP 164.3 billion ($5.3 billion) in FY 2022/2023, said the Ministry of Finance.

The surplus, 1.7 percent of the country's GDP, exceeds the exp...
The 13th AL Meeting on Upgrading Mechanism of Resolving Disputes Within GAFTA Kicks Off
7/25/2023 - The 13th meeting of the committee of legal experts in charge of upgrading the mechanism of resolving disputes within the framework of the Greater Arab Free Trade Area (GAFTA) kicked off on Tuesday 25-...
Egyptian Government Targets to Expand Horticultural Land to 18M Feddans by Mid-2024
7/25/2023 - The Economic and Social Development Document prepared by the Ministry of Planning indicates that the government's target for FY2023/2024 to raise the surface area of horticultural land to 18 million f...
Egyptian, Italian Health Ministers Discuss Bilateral Cooperation in Healthcare Fields
7/26/2023 - Health Minister Khalid Abdel Ghaffar discussed with his Italian counterpart Orazio Schillaci boosting bilateral cooperation in the health domains, including pharmaceutical industries, along with train...
CAPMAS: 21.6% Rise in Egyptian Exports to Russia in 2022
7/26/2023 - Egypt’s exports to Russia hit dlrs 595.1 million in 2022 against dlrs 489.6 million in 2021, marking a 21.6 per cent, according to the Central Agency for Public Mobilisation and Statistics.

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Egypt, Serbia Negotiate For Free Trade Agreement
7/26/2023 - Egypt and Serbia are negotiating a project to study the establishment of a free trade agreement between the two countries, which was announced in 2022 during President Abdel Fattah El-Sisi's visit to ...

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