Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

GUPCO Kicks Off Production at North Safa Oil Field in Gulf of Suez
1/1/2024 - The Gulf of Suez Petroleum Company (GUPCO) has successfully brought the first well of the North Safa oil field in the northeastern Ramadan region of the Gulf of Suez online.

This achieveme...
Egypt to Introduce 14 Logistic Zones in 10 Governorates at LE33.54B
1/1/2024 - The Ministry of Supply and Internal Trade indicated in a statement Monday that 14 logistic zones were being introduced in 10 governorates at a cost of LE33.54 billion creating 245,000 direct and indir...
Egypt to Host Conference on Promoting Yachting
1/1/2024 - Egypt's Ministry of Transport will hold a conference in the New Administrative Capital to explore ways to enhance the establishment of local and international marinas and boost yacht tourism in Egypt....
Egypt to Introduce 14 Logistic Zones in 10 Governorates at LE33.54B
1/1/2024 - The Ministry of Supply and Internal Trade indicated in a statement that 14 logistic zones were being introduced in 10 governorates at a cost of LE33.54 billion creating 245,000 direct and indirect job...
Egypt's Agriculture: Record-Breaking Exports
1/1/2024 - Minister of Agriculture and Land Reclamation, El Sayed El Qusair, announced the addition of over 3.5 million feddans of agricultural land through desert reclamation.

These areas are distri...
Egyptian Population Hits 105.858mn on Jan 1
1/3/2024 - The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt recorded an increase in population, reaching 105.858 million people on January 1,2024.

On January 1, ...
Cabinet Holds Weekly Meeting to Discuss Number of Important Files
1/3/2024 - Prime Minister Moustafa Madbouli presided over a weekly Cabinet meeting to discuss an array of political, economic and social files as well as the latest developments in the international arena.
Egyptian Remittances Drop 29.2% in Q1 FY2023/2024
1/3/2024 - Remittances from Egyptians working abroad dropped 29.22 percent to $4.52 billion in the first quarter of the fiscal year 2023/2024 (July-September) from $6.39 billion in the same period a year earlier...
Egypt Approves Land Sales to Foreign Companies in USD
1/3/2024 - The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement, the latest in a series of steps meant to attract hard currency by sellin...
Egypt Approves Land Sales to Foreign Companies in USD
1/3/2024 - The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement, the latest in a series of steps meant to attract hard currency by sellin...
Egyptian Economy to Recover in 2025: PM
1/3/2024 - The Egyptian economy is set to fully recover from its current crisis in 2025, Prime Minister Mostafa Madbouly stated in a press conference.

The government is planning to reduce inflation to...
Egypt’s Central Bank Issues $830 Mln USD-Dominated T-Bills
1/3/2024 - The Central Bank of Egypt (CBE) issued on Tuesday $830 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

The issuance received h...
Egyptian Banks to Repay Over EGP 500 Bln Cds in January: Where Will They Go?
1/3/2024 - The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent one-year certificates of deposits (CDs) issued in J...
Planning Minister: NPDEF Unprecedentedly Backed by The Political Leadership
1/8/2024 - Egyptian Minister of Planning and Economic Development Hala el-Saeed has said the National Project for Development of the Egyptian Family (NPDEF) is receiving unprecedented support from the political ...
NFSA, SFDA Discuss Ways to Strengthen Mutual Co-Operation
1/8/2024 - the National Food Safety Authority held a remote meeting with the Saudi Food and Drug Authority in the presence of the president of the Egyptian trade office in Jeddah, the trade attaché of the embass...
Mashat Discusses With WB Enhancing Technical Co-Operation With Gov’t
1/8/2024 - Egypt’s Minister of International Co-operation and Egypt’s Governor at the World Bank Group Rania El-Mashat emphasized on Sunday the importance of the partnership with the World Bank Group that extend...
Infograph: Egypt’s Suez Canal Revenues Jump 19.4% in Q3 Of 2023
1/8/2024 - Since the beginning of last year, Suez Canal revenues increased by over $400 million, which contributed to turning a $10.5 billion deficit in Egypt’s Balance of Payment (BoP) in FY2021/2022 to a surpl...
NAC Announces 4th Phase Expansion
1/8/2024 - The Administrative Capital for Urban Development (ACUD), the operator of the New Administrative Capital (NAC), announced the fourth phase of the ongoing development plan, Chairman Khaled Abbas said in...
Factbox: Egypt's Economic Strategy for 2024-2030
1/8/2024 - The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
Egypt to Launch Real Estate Export Company Targeting $3 Billion in Revenues
1/8/2024 - Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabine...

Accounting, Statistics Asset Portfolio Management Economics/Financial Analysis Gas Export General Investment Mergers and Acquisitions
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.