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Financials and Investment News in Egypt

Mashat, WEF Official Probe Integration Between NWFE, GAEA
9/20/2023 - Minister of International Cooperation Rania Al-Mashat, held, 20-9-2023, a meeting with Managing Director of Center for Nature and Climate at the World Economic Forum (WEF) Gim Huay Neo, during the act...
Health Minister Engages in World Economic Forum Initiative
9/20/2023 - Health Minister, Khaled Abdel Ghaffar, recently took part in a pivotal meeting of the World Economic Forum's initiative aimed at bolstering local manufacturing.

The gathering took place in...
Sweilam Discusses Coop. With FAO Office Director
9/20/2023 - Minister of Water Resources and Irrigation Hani Sweilam, held, 20-9-2023, a meeting with Nasr Al-Din Haj Al-Amin, Director of the FAO office in Egypt, and the delegation accompanying him, to discuss ...
Finance Minister Follows Up on Preparations for AIIB Meetings
9/20/2023 - Finance Minister Mohamed Maait inspected the venue where a meeting of the Asian Infrastructure Investment Bank (AIIB) board is set to be held later this month.

Maait also followed up on pre...
Cabinet Holds Weekly Meeting to Discuss Number of Important Files
9/20/2023 - Prime Minister Moustafa Madbouli presided over a weekly Cabinet meeting to discuss an array of political, economic and social files.

The latest developments in the international arena and r...
Egypt Raises GDP Growth Target for FY2023/2024 to 4.4 Percent
9/20/2023 - Egypt has increased its economic growth rate target for the fiscal year (FY) 2023/2024 to 4.4 percent from the previously targeted 4.1 percent, said Hossam Heiba, CEO of the General Authority for Inve...
Minister: Egypt to Host 8th Meetings of Asian Infrastructure Investment Bank in Sharm El-Sheikh
9/23/2023 - Egypt will host the 8th annual meetings of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh on 25 September, according to the Egyptian Minister of Finance, Mohamed Maait.

...
PM Follows Up Progress of Ongoing Projects in Damietta at Investments Worth EGP 14.5 Bn
9/23/2023 - Prime Minister Moustafa Madbouli followed up the progress realized so far in ongoing projects in Damietta at investments worth EGP 14.5 billion.

Madbouli underlined the importance of swift...
Mashat: Egypt’s Hosting of AIIB Meetings Affirmed Close Ties With Development Banks
9/24/2023 - Minister of International Co-operation Rania El Mashat has asserted that Egypt’s hosting of the annual meetings of The Asian Infrastructure Investment Bank (AIIB), due to kick off and runs till Septem...
FM Urges Reforming Global Financial Structure, Developing Int’l Funding System
9/24/2023 - Foreign Minister Sameh Shoukry has called for taking constructive steps to reform the global financial structure and develop the existing international funding system.

Delivering Egypt’s sp...
Egypt Starts Trading T-Bills on Stock Market With $1.1 Bln Deals
9/24/2023 - The Egyptian Exchange (EGX) started trading treasury bills (T-Bills) on the secondary market, according to a press release.

The first day closed with a trading value of EGP 33.8 billion ($1...
AIIB’s Annual Meetings Kick Off Monday in Sharm El-Sheikh
9/24/2023 - Egypt hosts the annual meetings of the Asian Infrastructure Investment Bank (AIIB) over two days starting in Sharm El-Sheikh.

The meetings, organized for the first time in Africa, are held ...
Egypt Postpones Onion Export Ban to 1 October
9/24/2023 - Egypt's Ministry of Trade and Industry announced on Saturday that the Cabinet's decision to ban onion exports, initially scheduled to start late last week, will now take effect on 1 October, to honour...
AIIB President Hails Infrastructure Projects During Sisi Era
9/25/2023 - Egypt under President Abdel Fattah El Sisi witnessed a quantum leap in the infrastructure growth domain, said President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun.

During ...
Egypt Launches Int'l Bid Round for Gas, Oil Exploration in 23 New Areas
9/25/2023 - Minister of Petroleum and Mineral Resources Tarek el Molla announced the ministry launched a new international bid round for gas and oil exploration in 23 new areas.

In a statement, he said...
Maait: Hosting AIIB Meetings Reflects Egypt Leading Role
9/25/2023 - Finance Minister Mohamed Maeet said that the eighth annual meetings of the Asian Infrastructure Investment Bank (AIIB), which kicked off here, reflects Egypt’s leading role at the regional and interna...
Sisi Urges Directing Low-Cost Funding for Emerging States
9/25/2023 - President Abdel Fattah El Sisi on Monday said that emerging states are in need of additional low-cost funding amid global economic circumstances caused by the outbreak of the coronoavirus, which was f...
Egypt Exerted Great Efforts in Past 8 Years to Bridge Infrastructure Gap: Sisi
9/25/2023 - Egypt’s President Abdel-Fattah El-Sisi said the country has exerted great efforts over the past eight years to bridge the “huge” infrastructure gap and maintain basic level services across all sectors...
Interest Rates Will Stay High 'As Long As Necessary': European Central Bank's Leader
9/25/2023 - The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on p...
43% of Egypt's Smes Confident About Growth in 2023: Mastercard Report
9/25/2023 - About 43 percent of Egypt's small and medium-sized enterprises (SMEs) are confident about their ability to grow in 2023, stated a report by Mastercard, a global payment processing company.

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