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Financials and Investment News in Egypt

ASRT Reveals Detail of Manufacturing 1st Egyptian-Made EV
8/8/2023 - President of the Academy of Scientific Research and Technology (ASRT) Mahmoud Sakr unveiled details of manufacturing the first Egyptian-made electric vehicle (EV), which falls within the framework of ...
Central Bank of Egypt Shares Expertise With Bank of South Sudan
8/8/2023 - The Central Bank of Egypt (CBE) welcomed a delegation from the Bank of South Sudan for a visit, sharing regulatory expertise to help enhance South Sudan’s oversight and banking capacity, according to ...
PM Witnesses Inking of Mou Between Health Ministry, Elevate Capital
8/9/2023 - Prime Minister Moustafa Madbouli witnessed the inking of a memorandum of understanding between the Health Ministry and Elevate Capital.

A dynamic impact investing platform with solid roots...
IMC, Ebank Sign Cooperation Protocol to Boost Exports
8/9/2023 - The Industrial Modernization Center (IMC) signed a cooperation protocol with the Export Development Bank of #Egypt (EBank) to boost exports of the industrial sector.

The protocol falls with...
Cabinet Okays Amendments to Law on Public Business Firms
8/9/2023 - Meeting under Prime Minister Moustafa Madbouli the Egyptian Cabinet okayed a number of important decisions concerning amendments to the statutes of the law on public business companies of 1991.
Egypt Launches Electronic Registration of New Companies Starting With 'Damietta for Green Ammonia'
8/9/2023 - Egypt launched the electronic registration of new companies’ service so that Prime Minister Mostafa Madbouli attended, via video-conferencing, the first process which was the foundation of Damietta C...
Cabinet Approves Draft Law for Real Estate National ID System in Egypt
8/9/2023 - The Cabinet passed a draft law in its weekly meeting to establish a national ID system for real estate properties.

According to a Cabinet statement, the draft law stipulates that a national...
Petroleum Min.: New Projects to Localize Mining Feeding Industries
8/9/2023 - Minister of Petroleum and Mineral Resources Tarek el-Molla stressed the importance of localizing the nuts and bolts of industries complementary to mining activities, especially in light of tangible pr...
Irrigation Min.: Egypt Keen on Further Cooperation With African Countries
8/9/2023 - Water Resources and Irrigation Hani Sweilam said that Egypt is looking forward to achieving further cooperation with all African countries with the view to promoting economic integration and ensuring ...
PM Discusses Project to Establish Giant Plant for Green Hydrogen In Egypt
8/9/2023 - Prime Minister Mostafa Madbouli chaired a meeting to discuss a project proposal submitted by a major foreign company to establish a giant plant for green hydrogen in Egypt.

The meeting was ...
PM Discusses Project to Establish Giant Plant for Green Hydrogen in Egypt
8/9/2023 - Prime Minister Mostafa Madbouli chaired a meeting to discuss a project proposal submitted by a major foreign company to establish a giant plant for green hydrogen in Egypt.

The meeting was ...
Suez Canal Authority Recovers Sunken Tugboat That Collided With Giant Tanker
8/9/2023 - Suez Canal Authority (SCA) announced the success of the operation to recover the sunken tugboat that collided with a giant tanker in the Suez Canal “Fahd”.

According to Suez Canal Authority...
EGX Gears Up for Launching Shariah-Compliant Index
8/12/2023 - The Egyptian Exchange (EGX) is looking into the best among global trading platforms to utilize them under contracts to be signed in the upcoming year, EGX Chairman Rami Al-Dakani said.

EGX ...
Deputy Housing Minister, Kfw Officials Review Progress of Ongoing Projects
8/12/2023 - Deputy Housing Minister Sayed Ismail had talks with Director of the KfW Development Bank in Egypt Dr. Bernd Siegfried and KfW Principal Portfolio Manager Enrico Spiller on the progress realized so far...
Moody's Decision to Place Egypt's B3 Ratings on Review Shows
8/12/2023 - Finance Minister Mohamed Maait said that ratings agency Moody's decision to place Egypt's B3 foreign-currency and local-currency issuer rating on review for downgrade in May has shown full understandi...
CBE: Annual Inflation Rate Declines to 40.7 Percent in July
8/12/2023 - Egypt's annual core inflation rate slightly declined to 40.7 percent in July 2023 from 41 percent in June, according to the Central Bank of Egypt (CBE).

The monthly core Consumer Price Inde...
PM Reviews Incentives Rolled Out for Egyptian Expats Across All Sectors
8/13/2023 - Prime Minister Mostafa Madbouli followed up on the incentives and facilities offered for Egyptian expats across all sectors.

Chairing a meeting at the Cabinet's premises here on Sunday, in ...
Egypt Offers New Lands to Narrow $30 Bn Trade Gap
8/13/2023 - Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors, as part of a plan to narrow the country’s $30 billion trade gap, according to a...
El-Sisi Stands on Flow of Investment Plans for Transport Projects Nationwide
8/13/2023 - President Abdel Fattah El-Sisi,, conferred with Prime Minister Moustafa Madbouli on the executive status of the investment plan of transportation projects.

The meeting was attended by Minis...
Al-Mashat Meets Us Congress Foreign Affairs Committee Delegation
8/13/2023 - Dr. Rania Al-Mashat, Minister of International Cooperation, met with a delegation of representatives US Congress Foreign Affairs Committee within the framework of their visit to Egypt, in the presence...

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