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Financials and Investment News in Egypt

Trade Min. Participates in 18th Egyptian-Saudi Joint Committee
3/3/2024 - Minister of Trade and Industry Ahmed Samir on Sunday headed to the Saudi capital, Riyadh, to take part in the 18th session of the Saudi-Egyptian Joint Committee due to convene .

The session...
Sweilem Cooperate With FAO in The Field of Water
3/4/2024 - Dr. Hani Sweilem, Minister of Water Resources and Irrigation, receives Mr. Qu Dongyao, Director-General of Good Food (FAO), and the delegation agrees with his Excellency - Mr. Maurizio Martina, Deputy...
Madbouli: Presidential Directives to Release Goods from Ports
3/4/2024 - There are presidential directives to immediately release goods from Egyptian ports with giving priority to foodstuffs and medicines, said Prime Minister Moustafa Madbouli.

The decision to r...
Al-Wazir: 7 International Corridors to Connect Production Areas With Sea Ports
3/4/2024 - The Minister of Transport General Engineer Kamel Al-Wazir confirmed that seven integrated international development logistical corridors are being implemented to connect industrial, agricultural, mini...
Japan's Nikkei Tops 40,000, as Investors Await China Political Meeting
3/4/2024 - Asian stocks were mostly higher ahead of China’s top annual political gathering, while Japan’s benchmark surpassed the 40,000 level for the first time.

U.S. futures fell and oil prices were...
Madbouly Follows Up on Budget Proposals for 2nd Phase of "Decent "Life"
3/4/2024 - Prime Minister, Mostafa Madbouly chaired a meeting to follow up on the estimated budget proposals for the second phase of the presidential initiative "Decent Life,".

Hala Elsaid explained t...
Large Turnout Investors to Submit Applications on The “Foreign Investment Portal”
3/4/2024 - Dr. Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, stated that there is a large demand from investors and companies to submit applications and register on the “Foreign Investme...
Irrigation Min Discusses With Italian Amb in Cairo Bilateral Cooperation
3/6/2024 - Minister of Water Resources and Irrigation Hani Sweilem discussed during a meeting with Italian ambassador to Egypt Michele Quaroni and his accompanying delegation bilateral cooperation in the water t...
Higher Education Min. Receives A Delegation from WDS
3/6/2024 - Minister of Higher Education and Scientific Research and Chairman of the Egyptian National Commission for UNESCO Ayman Ashour, received a delegation from the World Design Studio team (WDS), in the pre...
Tourism Min. Holds Meetings With Heads of German Tourism Associations
3/6/2024 - Minister of Tourism and Antiquities Ahmed Issa, continued his professional meetings, holding several meetings with the heads of tourism associations in Germany, including the DRV, BDF, and BTW.
Egypt, IMF Sign Agreement to Extend Present Loan Deal to $8 Billion
3/6/2024 - Egypt and the International Monetary Fund (IMF) have signed an agreement to extend a current $3 billion loan deal to $8 billion, Prime Minister Mustafa Madbouli told a press conference in Cairo.
Cabinet Holds Weekly Meeting to Discuss Number of Files in Nac
3/6/2024 - The Cabinet started its weekly meeting under Prime Minister Mostafa Madbouli, at the government headquarters in the New Administrative Capital to discuss a number of political, economic and social fil...
State Min for Military Production, Kenyan Defense Min Discuss Enhancing Bilateral Cooperation
3/6/2024 - State Minister for Military Production Mohamed Salah Eldin discussed with Kenyan Defense Minister Aden Bare Duale boosting bilateral cooperation at the Military Production Ministry's headquarters in t...
EGP Averages 49.5 Against USD at Start of Thursday’s Trading
3/7/2024 - The National Bank of Egypt (NBE) maintained the dollar's purchasing and selling price at EGP 49.5, consistent with rates.

Banque Misr recorded a purchasing rate of EGP 49.5 and a selling ra...
Minister: State Pays Special Attention to Mothers at Family Level, Economic Empowerment Level
3/9/2024 - Finance Minister Mohamed Maait asserted that the state in the era of President Abdel Fattah El Sisi pays special attention to the working mothers and breadwinner mothers at the family and social level...
Egypt's Panda Bonds Win Africa's Best Bond Deal for 2024
3/9/2024 - Egypt won the 2024 best bond deal in Africa for issuing sustainable Panda bonds worth ¥3.5 billion ($478.7 million).

The announcement came at the 2024 Bonds, Loans & ESG Capital Markets Afr...
Minister: Technology Sector in Egypt Attracts Leading Int’l Businesses
3/9/2024 - Minister of Communications and Information Technology Amr Talaat said high technology sector succeeded in attracting leading international companies in various communications and information technolog...
No Intention to Issue Bonds in Int'l Markets Till End of Current Fiscal Year
3/10/2024 - Minister of Finance Mohammed Maait announced that there are no intentions to issue bonds in the international markets until the end of the current fiscal year.

During a press conference hel...
PM Inspects Zaytuna's Residential Neighborhood in Saint Catherine
3/10/2024 - Prime Minister Moustafa Madbouli Sunday took a tour of the residential neighborhood project in Zaytuna area, which is carried out as a part of the underway development project of the "Great Transfigur...
Prime Minister Inspects The Development And Expansion of St. Catherine International Airport
3/10/2024 - Dr. Mostafa Madbouly, Prime Minister, began this morning, an inspection tour in the city of St. Catherine in South Sinai Governorate to follow the final stages of development projects in the site of t...

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