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Financials and Investment News in Egypt

French Saint-Gobain Establishing €175 Million Glass Factory in Egypt
3/20/2024 - French construction materials group Saint-Gobain laid the foundation for its third glass factory within Egypt’s Al-Ain Al-Sokhna Industrial Zone, northwest of the Gulf of Suez.

The company...
Finance Minister Directs to Work With Int’l Partners to Develop Universal Health Coverage
3/23/2024 - Finance Minister Mohamed Maiet has issued directives to the president of the Universal Health Insurance Authority (UHIA) to work continuously with international development partners to develop Egypt’s...
MSMEDA Head Asserts Keenness on Supporting Women Entrepreneurship
3/23/2024 - Micro, Small and Medium Enterprises Development Agency (MSMEDA) CEO Basel Rahmy has asserted keenness of the agency on supporting female owners of small and micro-sized projects nationwide alongside p...
Egypt, Iraq Discuss Bilateral Cooperation in Transport Domain
3/23/2024 - Egyptian Ambassador in Baghdad Ahmed Samir discussed with Iraqi Transport Minister Razzaq Al Saadawi promoting bilateral cooperation in the transport sector.

During the meeting, the Egyptia...
Gov’t Starts Repaying Foreign Partners' Dues of Oil Projects
3/24/2024 - Prime Minister Moustafa Madbouli has stressed that the State is keen on taking intensive actions on the dues of foreign petroleum companies working in Egypt through implementing a mechanism for repayi...
Exports of Non-Petroleum Goods Increased in Last Quarter of 2023
3/27/2024 - Cabinet's Information and Decision Support Center (IDSC) said that the volume of the exports of non-petroleum goods during the last quarter of 2023 reached 8.7 billion dollar in comparison to 8.6 bill...
Pm Attends Inking of Deal to Build Flat Glass Plant in Sokhna
3/27/2024 - Prime Minister Moustafa Madbouli attended the inking ceremony of a framework agreement between the Suez Canal Economic Zone (SCZONE) and Saint-Gobain Glass Egypt to establish a flat glass production p...
Pm Witnesses Inking of Contract for Establishing Silos Factory
3/27/2024 - Prime Minister Moustafa Madbouli witnessed the inking of a contract for allocating a plot of land for establishing a factory for designing, manufacturing, and setting up silos in the East Port Said zo...
Cabinet Holds Its Weekly Meeting to Probe Several Important Files
3/27/2024 - The Cabinet started its weekly meeting under Prime Minister Moustafa Madbouli at the government's premises in the New Administrative Capital (NAC) to probe a number of political, economic and social f...
Egypt Approves FY2024/25 Budget With Targeted EGP 6.4 Tln in Expenditures, EGP 5.05 Tln in Revenues
3/27/2024 - Egypt’s cabinet has approved in its meeting the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives by the end of March, the cabinet said in a statement.

Duri...
Egypt, UN Implemented $178 Mln in Cooperative Development Programmes in 2023
3/27/2024 - The Ministry of International Cooperation revealed highlights of 2023’s development cooperation programmes under the umbrella of the strategic partnership framework between Egypt and the United Nation...
EGP Current Price Is Golden Chance for 'Made in Egypt' to Compete Globally: Experts
4/2/2024 - Experts say that Egyptian exports now have an opportunity to grow and compete globally due to the depreciation of the pound against the dollar.

In March, the Egyptian pound dropped against ...
Egypt's Nirs Reach $40 Bln in March - The Highest Since February 2022
4/3/2024 - Egypt’s Net International Reserves reached $40.36 billion at the end of March 2024, the highest since February 2022, according to data released by the Central Bank of Egypt.

The increase is...
Wall Street Mixed Before The Bell Following The Worst Day for Markets in Weeks
4/3/2024 - Wall Street shifted between small gains and losses in premarket trading, a day after anxiety over the potential for fewer interest rate cuts dragged markets to their worst day in weeks.

Dow...
Sczone Head: Zone Keen on Accelerating Emissions Cut in Industrial Sector
4/3/2024 - Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), said the SCZONE seeks to encourage investors to manufacture products depending on green fuel.

...
Cabinet Holds Its Weekly Meeting in NAC, Discusses Number of Important Files
4/3/2024 - Wall Street shifted between small gains and losses in premarket trading, a day after anxiety over the potential for fewer interest rate cuts dragged markets to their worst day in weeks.

Dow...
Imf Official Lauds Serious Reforms to Enhance Financial Stability in Egypt
4/3/2024 - Alex Segura-Ubiergo, the IMF's Resident Representative in Egypt, lauded serious reforms introduced by the Egyptian government to enhance financial stability and the investment climate.

At a...
Maait: State Moving on Integrated Paths to Improve Egypt’s Economy
4/4/2024 - Minister of Finance Mohamed Maait said state is taking integrated paths to improve and strengthen Egypt’s economic situation.

In a statement issued today, Maait said such improvements const...
Canon and Kidzania Cairo Join Hands to Empower Egyptian Youth With Immersive Learning Environment
4/7/2024 - Canon Central and North Africa recently announced its partnership with KidZania Cairo to establish a Canon Photography Studio at KidZania in Cairo, Egypt to offer children aged 8-14 a unique experienc...
Egypt Released $8 Bln in Imported Goods Since March: Finance Minister
4/13/2024 - Minister of Finance Mohamed Maait said Egypt released imported goods worth $ 8 billion between March and April 2024.

In a statement released on Friday, the minister said there is "permanent...

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