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Financials and Investment News in Egypt

Private Sector Implementing 85% of Real Estate Projects in Egypt in Q2 2023: Report
9/25/2023 - The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments in the sector and 85 percent of all ongoing real estate proje...
Egypt-Switzerland Trade Rose 7.8% in 2022: Trade Minister
9/25/2023 - Trade exchange between Egypt and Switzerland reached $1.52 billion in 2022, up 7.8 percent from $1.41 billion in 2021, stated Minister of Trade and Industry Ahmed Samir.

Samir made his rema...
Egypt’s Central Bank Receives Awards for Financial Inclusion, Economic Empowerment
9/25/2023 - The Central Bank of Egypt (CBE) has received two awards for financial inclusion and the economic empowerment of citizens and companies by the Alliance for Financial Inclusion (AFI), according to a sta...
Planning Minister Opens PDCA in Arab States
9/26/2023 - Egypt's Minister of Planning and Economic Development Hala El-Said announced the launch of Abdul Latif Jameel's (J-PAL) Clean Air and Water Labs, focused on solving the most pressing air and water cha...
Egypt Launches Abdul Latif Jameel Clean Air And Water Labs
9/26/2023 - Egypt's Minister of Planning and Economic Development Hala El-Said announced the launch of Abdul Latif Jameel's (J-PAL) Clean Air and Water Labs, focused on solving the most pressing air and water cha...
Minister of Cooperation Meets With The Vice President of The Export-Import Bank of China
9/26/2023 - Within the activities of the 2023 Annual Meetings of the Asian Infrastructure Investment Bank (AIIB) held in Sharm El-Sheikh, H.E. Dr. Rania Al-Mashat, Minister of International Cooperation, met on Tu...
Finance Ministers of Egypt, Iran Confer on Boosting Economic Co-Operation
9/26/2023 - Egypt’s Finance Minister Mohamed Maait met with his Iranian counterpart Ehsan Khandouzi Tuesday to discuss means of boosting economic co-operation with Tehran in a way that would help attract more inv...
Military Production Min. Follows Up Establishment of Waste-to-Electricity Plant
9/26/2023 - Egyptian Minister of State for Military Production Mohamed Salah-Eddin Moustafa met on Tuesday 27 September, 2023 with Board Chairman of Green Tech Egypt Robert Valk, a member of Renergy Group Partner...
Italy Installs Six Grain Storage Silos After Cancelling $100 Mln in Debt Owed By Egypt
9/26/2023 - The Italian Ambassador to Cairo, Michele Quaroni, announced that Italy has cancelled US$100 million of debts owed by Egypt due to the Italian debt swap program.

Quaroni explained that $75 m...
Visa, CIB Launch She's Next Programme to Empower Women in Egypt
10/2/2023 - Global digital payments company Visa announced a new cooperation with Commercial International Bank (CIB) to launch the She's Next programme to empower women-owned businesses in Egypt, according to a ...
QNB Al Ahli To Offer EGP 2 Bln Mortgage Finance To Egypt's Low- And Middle-Income Groups
10/2/2023 - Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a protocol with QNB Al Ahli, the Egyptian arm of the Qatari QNB Group, to offer EGP 2 billion in financing for low- and middle-income ci...
US Dollar Price Stabilizes on Tuesday
10/2/2023 - The price of the US dollar continued to stabilize against the Egyptian pound,, October 3, at the Central Bank of Egypt and government and private banks.

Tuesday’s prices: Central Bank of E...
Egypt Introduces Silver Licenses for Startup Companies
10/2/2023 - Egypt is planning to offer silver licenses for startup companies before the end of 2023, said Hossam Heiba, the CEO of the General Authority for Investment and Free Zones (GAFI),.

Heiba exp...
Minister: Moody's Change of Egypt's Future Outlook to Stable Reflects Gov’t Efforts
10/7/2023 - Egyptian Minister of Finance Mohamed Maait said Moody's latest decision to revise the future outlook for the country’s economy from negative to stable reflects the government's efforts to accelerate s...
Egypt, OECD Discuss Cooperation
10/7/2023 - Egypt, OECD discuss cooperation to transfer Egyptian int’l partnership experience to other developing states.

Egypt’s Minister of International Cooperation Rania Al- Mashat discussed coope...
PM: NAC's Central Business District to Be Important Destination for Int'l Firms
10/7/2023 - The Central Business District in the New Administrative Capital will become one of the most important destinations aiming at attracting international firms to open their headquarters in Egypt and prov...
Trade Minister: Egyptian Real Estate Sector Represents Over 20% of GDP
10/7/2023 - Trade and Industry Minister Ahmed Samir said the Egyptian real estate sector represents more than 20 percent of the Gross Domestic Product (GDP).

Samir added that the sector plays a key rol...
Military Production Minister: We Carry Out Several National Projects
10/7/2023 - State Minister for Military Production Mohamed Salaheddin Mostafa asserted the necessity of exerting more efforts to help the military production company for information systems remain the most import...
Moody's Change of Egypt's Future Outlook to Stable Reflects Gov’t Efforts: Maait
10/7/2023 - Egyptian Minister of Finance Mohamed Maait said Moody's latest decision to revise the future outlook for the country’s economy from negative to stable reflects the government's efforts to accelerate s...
Prime Minister Chairs Meeting of National Population Council
10/10/2023 - Prime Minister Mostafa Madbouly chaired the meeting of the National Population Council.

He stressed that the population is one of the most important issues that have a high priority on the...

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