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Financials and Investment News in Egypt

Sweilam Highlights Importance of Dealing With Overpopulation, Climate Change Challenges
2/21/2024 - Egypt’s Minister of Water Resources and Irrigation Hani Sweilam underlined the importance of sustainability in the Arab region, especially in light of overpopulation and climate change.

He ...
Sczone Chairman Meets EU Commission Officials in Brussels
2/21/2024 - Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) reviewed the ongoing economic reform process in the country and the preparations for the investment conf...
Mashrouak National Project to Lend Youth Hits Record EGP 200 Mln in January: Minister
2/21/2024 - Egypt's national project to provide employment opportunities for youth, Mashrouak (meaning "your project”), achieved its highest lending rate since its launch in 2015, reaching EGP 200 million across ...
Financial Inclusion Rates Surge to 70.7% By End 2023: CBE
2/21/2024 - The Central Bank of Egypt (CBE) released the core set of financial inclusion indicators for 2023, highlighting a notable rise in the country's financial inclusion rates.

The number of adult...
Economic Sessions of Egypt’s National Dialogue to Kick off
2/24/2024 - The Egyptian National Dialogue sessions on the economic axis will kick off on Monday at the National Training Academy (NTA), member of the dialogue council Gamal El Keshkey announced.

In co...
FEI: Private Sector Has Major Role in Increasing Investments Between Egypt, Rwanda
2/24/2024 - Chairman of the African Cooperation Committee at the Federation of Egyptian Industries (FEI) Sherif El Gabali stressed the importance of boosting the private sector's role in increasing investments an...
Samir Urges Business Community in Arab Countries, Turkey to Promote Cooperation
2/24/2024 - Trade and Industry Minister Ahmed Samir underlined the importance of benefiting from the business community of the Arab states and Turkey in light of their distinguished political relations.

...
Wakil Urges His Turkish Counterpart to Conduct Study on Arab-Turkish-EU Integration Project
2/24/2024 - President of the General Federation of Egyptian Chambers of Commerce and the Union of African Chambers of Commerce Ahmed el Wakil called on Rifat Hisarciklioglu, the president of the Union of Chambers...
EBRD And Banque Du Caire Step Up Support for Msmes and Women Entrepreneurs in Egypt
2/24/2024 - The European Bank for Reconstruction and Development (EBRD) is providing a financing package of US$50 million (€46 million) to Banque du Caire (BDC), one of Egypt’s largest banks, to scale up support ...
Pm: "Ras El Hikma" Project Biggest Investment Deal in Egypt's History
2/24/2024 - Prime Minister Mostafa Madbouli said the development project of Ras El Hikma city on the North Coast is the biggest foreign direct investment deal in Egypt's history.

In a press conference ...
Military Production: Helwan Metal Equipment Company, Japanese Mizuha Sign Manufacturing Contract
2/25/2024 - Minister of State for Military Production Mohamed Salah el-Din Mustafa witnessed the signing ceremony of a joint manufacturing contract between Helwan Metal Equipment Company (360 Military Factory) an...
Finance Min. Participates in Meetings of BRICS Group
2/26/2024 - Minister of Finance, Mohamed Maait, will be participating in the upcoming meetings of the BRICS Finance Ministers and the Board of Governors of the New Development Bank.

During these discus...
Int’l Coop. Ministry Reviews a Report on Partnerships With EIB
2/26/2024 - The Minister of International Cooperation, H.E. Dr. Rania A. Al-Mashat, is visiting the headquarters of the EIB, the financing arm of the European Union and the Climate Bank for Europe and one of the ...
Asian Shares Mostly Decline, While Tokyo Again Touches a Record High
2/26/2024 - Asian shares mostly declined, although Tokyo's benchmark Nikkei 225 index reached another record high.

The Nikkei 225 gained 0.4% to finish at 39,233.71. Trading was closed in Tokyo for a h...
Egypt Targets LE 600B from Private Investments in FY23 -24: Planning Ministry
2/27/2024 - The Ministry of Planning and Economic Development has released a report stating that Egypt has set a target of LE 600 billion from private investments for the fiscal year 2023/2024 (FY23/24).

...
Egypt, EIB to Strengthen Collaboration on Sustainable Development, Economic Growth
2/27/2024 - European Investment Bank (EIB) President Nadia Calviño welcomed Minister of International Cooperation Rania Al-Mashat to the EIB's headquarters in Luxembourg for a meeting on strengthening economic c...
Egyptian Investors Abroad to Enter Egyptian Markets
2/27/2024 - Within the role played by the Ministry of Immigration in enhancing communication with Egyptian investors abroad, Ambassador Soha El-Gendy, Egypt's State Minister for Immigration and Egyptian Expatriat...
PM: Gov't Keen on Overcoming All Challenges Facing Italian Companies
3/3/2024 - Prime Minister Mostafa Madbouli reiterated the government's keenness to overcome all challenges facing Italian companies interested in investing in Egypt, and to take advantage of the promising opport...
Al-Mashat Expresses Egypt’s Appreciation for The Strategic and Fruitful Relations With EBRD
3/3/2024 - At the conclusion of their visit to Egypt, H.E. Dr. Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD), receive...
Communications Minister Opens Annual Forum of Qodwatech Initiative
3/3/2024 - Minister of Communications and Information Technology Amr Tallat inaugurated the annual forum of the "Qodwatech" initiative for empowering women (Women's Empowerment in the Digital Transformation Era)...

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