Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Egypt Reduces Public Investments for FY2023/24 By 15 Percent
1/31/2024 - The Egyptian Cabinet approved a plan to reduce the state budget public investment plan for the fiscal year (FY)2023/2024 by 15 percent, according to a statement.

The Cabinet also decided to...
USD/EGP Forward Contracts Reach All-Time High at EGP 63
1/31/2024 - he 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according t...
Global Economy to Grow 3.1 Percent in 2024; Inflation Pressures Ease: Lmf
2/1/2024 - The global economy is expected to grow by 3.1 percent in 2024 and edge slightly higher to 3.2 percent in 2025, with projections indicating a moderate growth trajectory and a gradual easing of inflatio...
El- Sobky discusses coop. with the French and Japanese entrepreneurs
2/1/2024 - Chairman of the General Authority for Healthcare (GAH), General Supervisor of the Comprehensive Health Insurance Project Ahmed Al-Sobky, meets, 1-2-2024, with leaders, senior officials and entrepreneu...
PM: IDB Group Among Egypt's Top Development Partners
2/5/2024 - Prime Minister Moustafa Madbouli Sunday hailed strong relations between Egypt and the Islamic Development Bank Group (IDB Group) that are marked with a successful and extended history of joint project...
IBCU, UEL Sign Agreement to Teach 19 Academic Programs
2/5/2024 - Minister of Higher Education and Scientific Research Ayman Ashour on Monday witnessed the signing of an agreement between the International Branch of Cairo University (IBCU) and the University of East...
Military Production Min. Inspects Pavilions of Second World Defense Show in Riyadh
2/5/2024 - Minister of State for Military Production Mohamed Salah Eldin Mustafa affirmed Monday that the ongoing World Defence Show reflected Saudi Arabia’s position as one of the world’s most influential count...
IDSC says Egypt has huge reserve of quartz
2/5/2024 - The Information and Decision Support Center (IDSC) said Monday that Egypt is among world countries that has huge reserve of quartz.

The IDSC said the purity of Egyptian quartz reaches 99.9 ...
Egypt's commodity exports recorded more than $35bln in 2023: Industry minister
2/6/2024 - Minister of Trade and Industry Ahmed Samir said that Egypt has managed to increase its exports of commodities in a tangible way despite economic crises in the region and the world.

The mini...
Egypt Aspires for Further Cooperation With World Bank in Managing State-Owned Companies: PM
2/6/2024 - The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency, Prime Minister Mostafa Madbouly said in a meeting with ...
Asian Shares Are Mixed, With China Up After State Fund Says it Will Buy Stocks
2/6/2024 - Shares were mixed in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to di...
Chief: SCZONE discusses establishing Turkish industrial zone
2/6/2024 - Chief of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dein said that discussions are currently underway to establish a Turkish industrial zone within the Suez Canal Economic Zone.

...
Cbe Announces Increase in Foreign Currency Reserves By $30 Million
2/6/2024 - The Central Bank of Egypt (CBE) announced an increase in the reserves of foreign currencies by about 30 million dollars.

The CBE put the total reserves of foreign currencies at about 35.249...
Gov't Keen on Implementing State Ownership Policy Document: PM
2/6/2024 - The government is keen on implementing the State Ownership Policy Document, which paves the way to holding comprehensive reform of state-owned institutions, thus making more room for private sector in...
Massive Expansions at Dahshur Compressor Station
2/7/2024 - Egypt’s Ministry of Petroleum and Mineral Resources said the expansions of the Dahshur gas compressor station that aim to increase the capacity by more than two-thirds.

In an inspection to...
PM Reviews With Schneider Electric Initiative to Create 1,000 Smart Homes
2/7/2024 - Prime Minister Mostafa Madbouly has discussed initiative proposed by French company Schneider Electric to create 1,000 smart homes.

This came during a meeting held at the government headqua...
Foreign Exchange Shortage Key Challenge for Egyptian Economy: Industry Experts at ECSS Workshop
2/7/2024 - The foreign exchange shortage that Egypt has been facing for over two years is currently a key challenge for the Egyptian economy, especially the industrial sector - a challenge that could erode all t...
Egypt's Commodity Exports Recorded More Than $35bln in 2023: Industry Minister
2/7/2024 - Minister of Trade and Industry Ahmed Samir said that Egypt has managed to increase its exports of commodities in a tangible way despite economic crises in the region and the world.

The mini...
Health Min. Receives Huawei Representatives
2/8/2024 - Minister of Health and Population Khaled Abdel Ghaffar, received,, representatives of the Chinese company “Huawei” and a number of real estate development and construction equipment companies, to disc...
Nilepreneurs: EGP 2bn Increase in Sales of Beneficiary Companies Within 5 Years
2/10/2024 - The NilePreneurs Initiative, which is powered by the Central Bank of Egypt (CBE) and the banking sector, said sales of companies benefiting from the incubation and export excellence programs of the in...

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.