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Financials and Investment News in Egypt

Egyptair, UAE's Sanad Sign Mou on Engine Maintenance Services
11/18/2023 - EgyptAir Maintenance & Engineering Co. signed a Memorandum of Understanding with UAE's Sanad to provide flat-rate component repair services.

The MoU was signed on the sidelines of the 2023 ...
Japanese Delegation Visits New Alamein City
11/18/2023 - Officials of the New Alamein City Authority have discussed with a Japanese delegation ways of cooperation between the two sides and the investment opportunities available in New Alamein City, especial...
27th Edition of Cairo ICT Kicks Off at Egypt International Exhibition Center
11/19/2023 - The 27th edition of Cairo ICT, the International Technology Exhibition and Conference for the Middle East and Africa commenced in grand style at the Egypt International Exhibition Center in New Cairo....
PM Inspects PepsiCo Shared Services Center
11/19/2023 - During his inauguration and inspection of several international companies operating in Egypt in the field of outsourcing services, Prime Minister Mostafa Madbouly and his companions visited the share...
PM Inspects Gediea Operational Support Services Center in Egypt
11/19/2023 - Prime Minister Mostafa Madbouly and his companions continued his visit to several global companies operating in Egypt in information technology, engineering research and development services, outsourc...
Egypt Hosts Conference on Progress of Nwfe Green Program
11/19/2023 - Egyptian Prime Minister Mostafa Madbouly witnessed the launch of a high-level roundtable organized by the Ministry of International Cooperation to mark one year of the Nexus on Water, Food and Energy ...
Dollar Price Stable At Major Egyptian Banks
11/19/2023 - The exchange rate of the US dollar against the Egyptian pound was stable at the beginning of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the do...
Egypt, Saudi Arabia Consider Trade Exchange in Local Currencies
11/20/2023 - Egypt and Saudi Arabia are considering the use of local currencies in trade exchange, said Yehia El-Watheq Bellah, head of the Egyptian Commercial Service (ECS).

The central banks of the tw...
Environment Minister Discusses Cooperation With EIP
11/20/2023 - Minister of Environment Yasmine Fouad, met, 20-11-2023, with Gelsomina Vigliotti, Vice President of the European Investment Bank for the Middle East, and her accompanying delegation, to discuss areas ...
Emirates NBD, Turkish Hayat Sign €30 Mln Loan to Establish Tissue Facility in Ain Sokhna
11/20/2023 - Emirates NBD Egypt, a subsidiary of Emirates NBD, announced the signing of a €30 million ($32.8 million) medium-term loan agreement with Hayat Egypt for Hygienic Products, a subsidiary of Turkish Hay...
Housing Min. Hails Deep Cooperation With EIB
11/20/2023 - Minister of Housing Assem El Gazar met, 20-11-2023, with Gelsomina Vigliotti, Vice President of the European Investment Bank for the Middle East, to discuss implementing joint projects, and ways to en...
Mashat Discusses Coop. With Saudi Commerce Minister
11/20/2023 - Minister of International Cooperation Rania El Mashat said, 20-11-2023, relations between Egypt and Saudi Arabia are of paramount importance, especially at the economic level.

The two minis...
Saudi Al-Lami Group to Invest $500 Million in Egypt's Tourism And Real Estate Sectors
11/20/2023 - The Saudi Al-Lami Holding Group unveiled its plans to make a substantial investment of $500 million in Egypt over the next two years, targeting the flourishing tourism and real estate sectors, Mohamed...
Explainer: What Egypt’s $14.7 Bln NWFE Achieved in 2023
11/20/2023 - The Ministry of International Cooperation held a high-level roundtable of the Nexus of Water, Food, and Energy (NWFE) program on the first anniversary of the NWFE program.

The NWFE program...
Egypt's E-Payment Services Record EGP 7.8 Trillion: Finance Minister
11/20/2023 - The value of services provided through the electronic payment and collection system has reached EGP 7.8 trillion since its launch in 2019, Egypt’s Minister of Finance Mohamed Maait said in a statement...
Emirates NBD, Turkish Hayat Sign €30 Mln Loan to Establish Tissue Facility in Ain Sokhna
11/20/2023 - Emirates NBD Egypt, a subsidiary of Emirates NBD, announced on Monday the signing of a €30 million ($32.8 million) medium-term loan agreement with Hayat Egypt for Hygienic Products, a subsidiary of Tu...
Bid to Boost Economic, Trade Ties With Bahrain
11/21/2023 - The first meeting of the Egyptian-Bahraini governmental committee for trade, economic, scientific and technological co-operation will be launched tomorrow at the headquarters of the Ministry of Financ...
Bid To Saudi Investments in Tourism
11/21/2023 - Minister of Tourism and Antiquities Ahmed Issa met with Saudi Commerce Minister Majid bin Abdullah Al Qasabi and a delegation of Saudi investors and businessmen.

The meeting came within the...
Pegypt Keen to Help Accor Expand Activities Here
11/21/2023 - Prime Minister Mostafa Madbouli has voiced hope that Accor Group would expand its hotel activities in Egypt.

Madbouli's remarks came on Monday at a meeting with Sébastien Bazin, Chairman an...
Partfintech Companies Attracts $800M in 2022: CBE
11/21/2023 - The number of financial services companies raised from 32 to 177 companies from 2017 to 2022.

In addition to that, these companies had a significant contribution to Egypt’s economy by attra...

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