Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Hisham Qandil: IMF Agreement very Close
11/20/2012 - Egypt aims to secure agreement on a US$4.8 billion loan from the International Monetary Fund (IMF) in a few days to help shore up its battered finances, Prime Minister Hesham Qandil said on 19/11/2012...
Egypt Keen on Solving Problems of the Japanese Companies
11/20/2012 - Engineer Hatem Saleh, Minister of Industry and Foreign Trade, the government's keenness to attract more Japanese investment to the Egyptian market and solving problems of Japanese car companies invest...
Egypt to Import Turkish-Made Aerial Drones
11/21/2012 - Egypt will become the first country to import Turkish-made unmanned aerial drones – called ANKAs – after signing a protocol with Turkish Prime Minister Recep Tayyip Erdogan in Cairo, Turkish daily Sab...
Abu Zaid Mohamed: Wheat, Rice Enough for 6 Months
11/22/2012 - Supply and Internal Trade Minister Abu Zaid Mohamed said on 21/11/2012 wheat stock is enough for 6 months consumption, sugar is enough for 8 months, rice for 6 and cooking oil for 3 months. Flour stoc...
IMF Head: $14.5 bn Financial Package to Egypt
11/22/2012 - Head of the International Monetary Fund (IMF) team Andreas Bauer who reached a tentative agreement with Egypt on the $4.8 billion loan said the loan will be used to support the economic program of the...
Egypt Ranks 6th in World Remittances Receiving by $18 bn
11/22/2012 - World Bank (WB) migration and development report said on 21/11/2012 that Egypt came 6th on the list of world top recipients of remittances by $18 billion transferred to developing countries. According...
Egypt's First Quarter Economic Growth Rate Shrinks 21 pct
11/24/2012 - Egypt’s economic growth rate shrunk by 21 per cent in the first quarter of the current fiscal year which started July 2012. Growth was 2.6 per cent compared to 3.3 per cent in the preceding quarter, M...
Cooperation between Egypt and China in water Resources
11/24/2012 - Minister of Water Resources and Irrigation Mohamed Baha'a-Eddin wound a several-day state visit to China. Before leaving China, the minister announced a memo of cooperation with his Chinese counterpar...
President Morsi Receives Invitation to Take Part in TICAD
11/25/2012 - President Mohamed Morsi received on 24/11/2012 an invitation from the Japanese envoy to the Middle East Yutaka Iimura to attend the fourth round of Tokyo International Conference on African Developmen...
Trading on Bourse will not be Suspended
11/25/2012 - Egyptian Exchange (EGX) Chairman Mohamed Omran said on 24/11/2012 that trading will never be suspended due to the current situation in Egypt. As long as banks work daily, the stock market will never b...
Two Agreements Signed with IFC
11/25/2012 - The events of the first regional conference to develop the bankruptcy system in the Middle East and North Africa kicked off on 24/11/2012 by signing two cooperation agreements between Egypt’s Ministry...
Egyptian Internal Developments Won’t Affect IMF Loan
11/25/2012 - Minister of Planning and International Cooperation Ashraf el-Arabi said Egypt's current political situation will not affect talks to get a loan from the International Monetary Fund (IMF), which will b...
Egypt Stocks Slump 9.5 pct on Morsi Decree
11/25/2012 - Egypt’s stocks have plunged on the first trading day of the week following President Morsi's controversial Constitutional Declaration on Thursday. The main index EGX30 fell 9.5 per cent to below 5000....
Egypt Stocks Drop on Anti-Morsi Protests
11/28/2012 - Egyptian stocks opened in the red following anti-Morsi mass rallies. The main EGX30 index lost 1.5 per cent just an hour into the session, dropping below the 5,000 point level. The broader based EGX70...
Anti-Morsi Protests Takes Toll as Bourse Tumbles 4.6 pct
11/28/2012 - Egyptian stocks tumbled as political uncertainty took its toll on investors, following massive anti-Morsi rallies. The main EGX30 index lost 4.6 per cent to close at 4,815 points. Turnover remains wea...
Providing Water to Irrigate 400,000 Feddans in Sinai
11/28/2012 - Water Resources and Irrigation Minister Mohamed Bahaa eddin said that all the intakes on the al-Salam Canal will be finalized by 2015 which will enable it to provide water to irrigate 400,000 feddans ...
Decision to Close Shops Early Postponed in Egypt
11/28/2012 - Minister of Local Development Ahmed Zaki Abdeen said that the application of the government decision to close shops at 10:00 PM has been postponed indefinitely, citing the current events in the countr...
US Senator Calls for Halt to Egypt Aid
11/28/2012 - The Obama administration should threaten to withhold financial aid from Egypt unless President Mohamed Morsi responds to opposition demands to rescind last week's controversial decree, US Republican S...
Egypt Cabinet Unveils Long-Awaited Economic Programme
11/28/2012 - Egypt’s Cabinet unveiled its economic reform programme, upon which a proposed $4.8 billion loan from the IMF was conditional, according to Al-Ahram's Arabic-language news website, which obtained a cop...
Egyptian Cabinet Meets to Discuss 5 Important Files
11/29/2012 - Meeting under Prime Minister Hisham Qandil, the Cabinet discussed on 28/11/2012 five important files. The Cabinet agreed to refer a draft resolution to amend the sales tax law passed in 1991 to Presid...

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