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Financials and Investment News in Egypt

Egypt Secures 3rd Place in Offshore BPO Confidence Index 2023
11/28/2023 - Minister of Communications and Information Technology Amr Talaat announced that Egypt has won the third place, up from 11th in one year, on the Offshore BPO Confidence Index 2023, as assessed by Ryan ...
Madbouli Attends Launching of First Phase E-Platform of Golden License
11/28/2023 - Prime Minister Mostafa Madbouli witnessed virtually the launching of the first phase of the e-platform of “golden license” for the purpose of offering facilities to investors and improving the busines...
UAE’s DP World Starts Building $80 Mln Logistics Park in Egypt's Ain Sokhna
11/28/2023 - The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Ca...
Factbox: Hassan Abdalla's Monetary Policy As Head of CBE
11/28/2023 - Egyptian President Abdel-Fattah El-Sisi recently decreed the formation of a new board of directors for the Central Bank of Egypt (CBE) under Hassan Abdalla, who has served as acting governor of the ba...
Egypt, South Korean STX Sign Mou to Develop Jarjoub Port And Economic Logistics Zone
11/28/2023 - Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub and its affiliated economic logistics zone, according...
Afdb Downgrades Africa’s GDP Growth for 2023 & 2024
11/29/2023 - African Development Bank (AfDB) downgraded its forecast of the growth rate of the gross domestic product (GDP) of Africa for 2023 and 2024 to 3.4 percent and 3.8 percent, respectively, from 4.0 percen...
Huawei Hosts Conference on Egypt's Digital Energy Transformation
11/29/2023 - Chinese technology giant Huawei organized Tuesday a conference on Egypt’s digital transformation in the energy sector.

Titled ‘Accelerating Digital Transformation in Egypt's Energy Sector’,...
EBRD Eyes Minority Stakes in Two Banks Under Egypt's IPO Programme
11/29/2023 - The European Bank for Reconstruction and Development (EBRD) is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt, Heike Harmgart, he...
Uae’s Dp World Starts Building $80 Mln Logistics Park in Egypt's Ain Sokhna
11/29/2023 - The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Ca...
Suez Canal Records Over 20 Percent Increase in Revenue in November
11/30/2023 - Egypt’s Suez Canal Authority (SCA) announced that it achieved a significant increase of 20.3 percent with the canal’s revenue reaching $854.7 million in November 2023, compared to $710.3 million in No...
SCZONE, Scatec ASA Sign Mou on Ship Bunkering Worth $1.1 Bn
12/3/2023 - The Suez Canal Economic Zone (SCZONE),, signed a memorandum of Understanding (MoU) with the Norwegian company Scatec ASA on ship bunkering with green fuel in Eastport Said, with an investment cost of ...
Egypt Signs Letter of Intent to Join Blue Partnership Agreement
12/3/2023 - Egypt signed Sunday a letter of intent to join the Blue Partnership Agreement, during the activities of the United Nations Climate Conference COP28 held in the United Arab Emirates.

The Mi...
Egypt's $3 Billion Loan Programme to Advance Soon
12/3/2023 - The International Monetary Fund (IMF) is on the verge of advancing with the next steps in Egypt's $3 billion loan programme shortly, Kristalina Georgieva, the managing director of the fund, said on Sa...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate Sector: Minister
12/3/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt to Offer State-Owned Chillout Fuel Stations Under IPO Programme
12/3/2023 - Egypt is ramping up restructuring efforts with the sale of ChillOut fuel stations to the private sector as part of the country's IPO programme, Hala El-Said, Minister of Planning and Economic Developm...
Services Account for Nearly 60% of Egypt’s FDI Inflows In FY2022/2023: CBE
12/3/2023 - The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, accord...
Egypt's $3 Billion Loan Programme to Advance Soon: IMF Managing Director
12/3/2023 - The International Monetary Fund (IMF) is on the verge of advancing with the next steps in Egypt's $3 billion loan programme shortly, Kristalina Georgieva, the managing director of the fund, said.
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Afdb Grants $148 Million to CIB Egypt to Boost Smes And Trade
12/3/2023 - The African Development Bank (AfDB) announced a financial package of $148 million to support the Commercial International Bank of Egypt (CIB) in its endeavors to strengthen small and medium enterprise...
Egypt Considers EGP 8 Bln Partnership Offers in Real Estate
12/4/2023 - The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said.<...
Egypt, AFC to Boost Climate Action, Green Economic Recovery
12/4/2023 - Egypt looks forward to cooperating with the African Finance Corporation (AFC) to support climate action efforts, and to strength the path of green economic recovery, the Minister of Finance, Mohamed M...

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