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IMF Staff Team and Egyptian Officials Reach Staff Agreement on 3rd Egypt Economic Reform Program
Egypt >> 5/18/2018 - The International Monetary Fund (IMF) issued a press release on Thursday announcing that the IMF staff team and the Egyptian authorities have reached a staff-level agreement on the third review of Egy...
Egypt's Banque Misr Hires Citi for $500 Million Loan
Egypt >> 5/18/2018 - Banque Misr, Egypt’s second largest bank, has mandated Citigroup to arrange a $500 million syndicated loan, banking sources said, the latest sign of a pick-up in interest among international ban...
Saudi Company to Carry Out Giant Date Project in Egypt
Saudi Company to Carry Out Giant Date Project in Egypt Egypt >> 5/18/2018 - A big Saudi company working in the agricultural field is set to carry out a giant project to cultivate and produce dates and olives in Egypt with a total capital of EGP 2 billion, Trade and Industry M...
Chairman of the Suez Canal Authority Witnesses Signing of Maritime Agreement between Two Companies
Egypt >> 5/18/2018 - Chairman of the Suez Canal Authority Mohab Mamish witnessed the signing of a cooperation agreement between El Timsah Shipbuilding Company and Canal Company for Mooring and Lights to launch a joint pro...
The Central Bank of Egypt Keeps Interest Rates on Deposits, Loans Unchanged
Egypt >> 5/18/2018 - The Central Bank of Egypt decided to stabilize the interest rate for one night on deposits and loans at 16.75 and 17.75 percent respectively.

The decision was made by the CBE Monetary Policy...
Upgrade of Egypt's Ranking Raises Confidence in National Economy
Upgrade of Egypt's Ranking Raises Confidence in National Economy Egypt >> 5/18/2018 - Finance Minister Amr el Garhi posted Prime Minister Sherif Ismail on the outcome of upgrading Egypt's credit rating by Standard & Poor's global ranking from B- to B.

At a press conference, Ga...
Egypt's Economic Growth Rate Hits 5.4% in 3rd Quarter of 2017/2018 Fiscal Year
Egypt >> 5/18/2018 - Planning Minister Hala Saeed said Egypt's economic growth rate hit 5.4 percent during the third quarter of 2017/2018 fiscal year, the highest ever rate in the past seven years.

At a press con...
Military Production, Social Solidarity Ministers Sign Protocol to Establish Drug Treatment Centers
Egypt >> 5/18/2018 - The ministries of Military Production and Social Solidarity signed a cooperation protocol to establish drug rehabilitation centers.

Military Production Minister Mohammed Saeed el Assar along ...
Cabinet Reviews Measures to Transform Military Production Ministry into Industrial Edifice
Egypt >> 5/19/2018 - The cabinet reviewed the measures taken to transform the Ministry of Military Production into an industrial edifice that could play a role in achieving sustainable development and implementing mega pr...
Tarek Qabil:Industrial Licenses Law, Availability of Lands to Enhance Industrial Investment
Tarek Qabil:Industrial Licenses Law, Availability of Lands to Enhance Industrial Investment Egypt >> 5/19/2018 - Trade and Industry Minister Tarek Qabil said that 1,345 industrial facilities have obtained establishing and operating licenses from the Industrial Development Authority (IDA) in April compared with 1...
Moscow, Cairo to Sign Deal to Establish Russian Industrial Zone in Egypt
Egypt >> 5/19/2018 - Russian industrial and trade ministry said Moscow and Cairo will sign in Moscow an agreement to establish a Russian industrial zone in Egypt. In a statement, the ministry said the signing will come d...
52 Ships Transit Suez Canal
Egypt >> 5/19/2018 - Fifty-two ships transited the Suez Cana with a total cargo of 3.7 million tons, said chairman of the Suez Canal Authority Mohab Mamish.

The south-bound convoy included 26 vessels carrying 2.2...
Egypt Armed Forces, Australian Company Sign Deal to Separate Economic Minerals in Burullus
Egypt >> 5/19/2018 - The Egyptian Black Sand Company (EBSC) and the Australian Minerals Technologies Inc. signed a contract to embark on a project meant to provide equipment to establish two factories for the concentratio...
Egypt Minister of Public Business: Plans to Develop Companies Won't Harm Workers
Egypt >> 5/19/2018 - Minister of Public Business Sector Khaled Badawi said plans to develop companies affiliated with the ministry will not harm workers. In a statement, the ministry said Badawi's remark came in a meetin...
Bahrain-Japan Economic Cooperation Discussed
Bahrain >> 5/19/2018 - Chairman of Bahrain Chamber of Commerce and Industry (BCCI) Samir Abdullah Nass met in the presence of his two Deputies and members of the Board of Directors with Japanese Ambassador to Bahrain Hideki...
Algiers: Environment Sector Strategy Encourages Investment in Recycling, Waste Recovery
Algeria >> 5/19/2018 - Minister of Environment and Renewable Energies Fatma Zohra Zerouati affirmed . in Algiers, that her sector is working, as part of a new economic model for the period up to 2035, to encourage and accom...
Minister of Finance Patronizes the Fund for Technical Expertise and Experience Transfers Signature
Lebanon >> 5/19/2018 - Finance Minister Ali Hassan Khalil sponsored the signing of the Fund for Technical Expertise and Experience Transfers (FEXTE) for the French-Lebanese Real Estate Twinning Project between the Director...
Albania Seeks to Promote Economic, Trade Cooperation with Egypt
Egypt >> 5/20/2018 - Albanian Ambassador to Egypt Eduard Sulo stressed that his country seeks to promote economic and trade cooperation with Egypt. In an interview with MENA, the diplomat said the trade exchange between ...
Egypt: Production Units at 1st Phase of Robiki Leather City Allocated
Egypt: Production Units at 1st Phase of Robiki Leather City Allocated Egypt >> 5/20/2018 - All production units of the first phase of the leather city in Robiki, Badr City, have been completely allocated, Minister of Trade and Industry Tareq Qabil said.

Over 40 factories have alrea...
Egyptian PM : Offers by 3 Consortiums to Establish Hamrawein Power Plant -- PM
Egyptian PM : Offers by 3 Consortiums to Establish Hamrawein Power Plant -- PM Egypt >> 5/20/2018 - Prime Minister Sherif Ismail reviewed offers by three international consortiums to establish a power generation plant using clean coal technology.

The plant should be built in el Hamrawein d...

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