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Financials and Investment News in Egypt

Egypt to Sign 4 Agreements for Auto Manufacturing
11/8/2023 - Egypt's Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, according to a Cabinet...
Minister: Govt Works to Stimulate Start-Ups to Promote Sustainable Economic Growth
11/11/2023 - Minister of Finance Mohamed Maait said the government is working to stimulate start-ups and entrepreneurship within the framework of its keenness to encourage investment, open up new horizons for more...
PM Opens Food Commodities Expo in Fayoum, Asserts Necessity of Monitoring Prices
11/11/2023 - Prime Minister Moustafa Madbouli opened the permanent food commodities exhibition in Fayoum during a tour of the governorate to inspect a number of development and service projects.

The Pre...
PM Madbouli: Presidential Directives to Support Smes
11/11/2023 - Prime Minister Moustafa Madbouli asserted that Ayady Misr exhibition is important and comes within the framework of the directives of President Abdel Fattah El Sisi to support micro, small and medium ...
Egypt's Annual Inflation Eases to 38.5% in October: Capmas
11/11/2023 - Egypt's annual headline inflation has declined significantly, reaching 38.5 percent, down from 40.3 percent in the month prior, according to the data released by the Central Agency for Public Mobiliza...
Egypt, Volkswagen Sign Agreement to Study Building Automotive Zone in Port Said
11/12/2023 - Egyptian state entities signed an agreement with German automobile manufacturer Volkswagen to conduct a feasibility study for the East Port Said Automotive Zone (EPAZ) worth $240 million in investment...
Egypt Secures $500 Mln in Financing for Educational and Health Projects
11/12/2023 - Egypt's Ministry of Finance has secured $500 million in financing from Deutsche Bank, Bahrain-based bank ABC, and Kuwait-based Arab Investment and Export Credit Guarantee Corporation, known as "Dhaman...
World Bank Awards Egypt for Fostering Economic Competition
11/12/2023 - Egypt was awarded by the World Bank for its outstanding Strategy for Competition Policies and Competitive Neutrality, according to a statement by the Egyptian Competition Authority (ECA).

T...
Egypt's Annual Core Inflation Decelerates 1.6 Percent in October
11/12/2023 - Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in September, according to the data released by the Central Bank of Egypt (CBE)...
Dahab Masr, Kash Now to Offer Gold Purchasing Online
11/12/2023 - Dahab Masr has entered into a strategic partnership with Egypt-based digital payment provider Kash Now to facilitate gold purchasing through the Kash Now app.

With the new partnership, cust...
Finance Ministry Arranges $500 in Financing For Health, Education Projects
11/12/2023 - The Egyptian Finance Ministry has successfully arranged a loan worth 500 million dollars from Deutsche Bank and the Arab Banking Corporation (ABC).

The loan is guaranteed by the Arab Invest...
Pm Follows Up on Financial Entanglements Procedures Between Nib, Egypt Post Authority
11/12/2023 - Prime Minister Mostafa Madbouly held a meeting to follow up on the position of the financial entanglement procedures between the National Investment Bank (NIB) and Egypt Post Authority.

Pri...
Planning Ministry Updates Egypt Vision 2030
11/12/2023 - Planning Minister Hala el-Saeed unveiled the ministry’s update of Egypt Vision 2030 in light of the changes and challenges witnessed over the past few years at local, regional and international levels...
NTRA Obtains ISO 27001 of Information Security Systems
11/13/2023 - The National Telecommunications Regulatory Authority of Egypt (NTRA), in cooperation with JAS-ANZ, obtained ISO 27001 of Information Security Systems in the fields of in-house cybersecurity and digita...
Egypt’s Total Budget Deficit Hits 3.2% Of GDP In Two Months
11/13/2023 - Egypt’s total budget deficit reached 3.2 percent of GDP or more than EGP 383 billion ($12.4 billion) during the first two months (July and August) of FY2023/2024, according to the Ministry of Finance’...
Central Bank of Egypt Auctions $1.6 Bln USD T-Bills
11/13/2023 - The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills), reported the CBE website.

The T-bills are to be repaid on 12 November 2024 at a yield that ...
Agriculture Min. Heads for Beijing to Attend China-Africa Co-Operation Forum
11/13/2023 - Agriculture Minister El Sayyed El Qusseir headed for Beijing, China to take part in the second Forum on China-Africa Cooperation in Agriculture.

The forum kicked off today and will last unt...
Trade Min. Calls for Promoting Inter-African Economic Co-Operation
11/13/2023 - Minister of Trade and Industry Ahmed Samir on Monday asserted the necessity of boosting co-operation among African countries alongside finding unconventional ways to enhance their local economies, in ...
Egypt to Establish Company to Invest in Expatriate Funds By 2024
11/13/2023 - Egypt is currently working on establishing a company dedicated to receiving investments from expatriates with the aim of pumping the money into projects within Egypt, according to statements by Minist...
Egypt Aims to Boost Petrochemical, Fertilizer Exports to Africa By 10% in 2024
11/13/2023 - Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024, Khaled Abul-Makarem, head of the Export Council for Chemical Industries and Fertilizers,...

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