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Financials and Investment News in Egypt

Cabinet Weekly Discusses President Sisi's Directives, Number of Key Files
7/10/2024 - Prime Minister Moustafa Madbouli chaired the first weekly meeting of the newly-appointed government at the headquarter of the government in the New Administrative Capital (NAC) to discuss directives o...
PM, UAE Minister of Industry Discuss Localization of Renewable Energy Industries
7/14/2024 - Prime Minister Mostafa Mabdouli convened a meeting, to discuss collaborative efforts in the field of new and renewable energy between Egypt and the United Arab Emirates, focusing on the localization o...
Egyptian Exporters to Receive Egp 3 Bln of Their Arrears
7/14/2024 - The Ministry of Finance will cash approximately EGP 3 billion 18 July as part of the government's support to exporters who benefit from the seventh round of the Immediate Cash Payment initiative.
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PM Decides to Establish Roles of Economic Ministerial Group
7/14/2024 - Prime Minister, Mostafa Madbouly, has issued a decree to establish and define the roles of the economic ministerial group.

According to the decree, the group will be led by the Prime Minist...
Proceedings of Egyptian-Serbian Businessmen Council Kick Off
7/14/2024 - Proceedings of the Egyptian-Serbian businessmen council kicked off in the presence of Prime Minister Mostafa Madbouli and President of Serbia Aleksandar Vucic.

A number of Egyptian and Serb...
PM: Egypt , Serbia Multiply Bilateral Trade Exchange
7/14/2024 - Prime Minister Mostafa Madbouly said on Sunday that the newly signed free trade agreement between Egypt and Serbia will multiply the trade volume between the two nations over the next five years.
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PM Madbouly, Serbian President Discuss Egypt's Tourism Potential in North Coast
7/14/2024 - Prime Minister Mostafa Madbouly and Serbia's President Aleksandar Vucic discussed Egypt's tourism potential, particularly in the North Coast, during a meeting in the New Administrative Capital .
Chinese Hengcheng Textile Factory Boosts Sczone’s Economic Growth By $70M
7/14/2024 - In the Qantara West Industrial Zone of the Suez Canal Economic Zone (SCZone), the groundbreaking ceremony for the Hengcheng textile factory took place. This factory, backed by investments of $70 milli...
Egypt First Investment Destination in Africa for 2nd Year - UNCTAD
7/14/2024 - The media center of the cabinet highlighted,Egypt's tireless efforts to adapt with the repercussions of consecutive global crises, lure more investments, improve national economy's competitiveness, bo...
Egypt, China Ink 3 Mous to Strengthen Economic Bilateral Ties
7/14/2024 - Egypt has signed three memorandums of understanding (MoUs) with the Chinese National Development and Reform Commission (NDRC) and the China International Development Cooperation Agency (CIDCA) to stre...
EU To Disburse €1 Bln of Its Financing Package to Egypt Next Fall: Ambassador Berger
7/14/2024 - The European Union (EU) is likely to disburse the first tranche of its 7.4 billion euros financing package to Egypt, worth one billion euros, by next fall (in September or October), head of the EU del...
Badawi, UAE Ambassador Explore Investment Opportunities in Egypt
7/15/2024 - In a meeting with the Minister of Petroleum and Mineral Resources Karim Badawi, the UAE’s Ambassador to Egypt Maryam Al Kaabi said that Egypt is an attractive destination for investments expressing UA...
Cooperation Agreement Signed Between Benha Electronics Co., France's Thales
7/15/2024 - Minister of State for Military Production Mohamed Salah Eddin Mostafa attended on Monday the signing of a cooperation agreement between Benha Electronics Co. (Military Factory 144) and French company ...
Volume of Trade Exchange Bet. Egypt, Serbia Records $120.4M in 2023
7/15/2024 - The value of trade exchange between Egypt and Serbia increased to reach $120.4 million in 2023, compared to $104.7 million in 2022, an increase of 15 percent, revealed the latest data from the Central...
PM Holds Inaugural Meeting of Ministerial Group for Industrial Development
7/15/2024 - Prime Minister, Mostafa Madbouly, presided over the first meeting of the ministerial group dedicated to industrial development, with the esteemed presence of Deputy Prime Minister Kamel El-Wazir, resp...
PM: We Could Solve Housing Problem for Nearly 7.5 Million Citizens in Short Period
7/15/2024 - Prime Minister Mostafa Madbouli asserted the state was capable of carrying out, building and delivering 1.5 million new housing units in ten years to solve the housing problem for approximately 7.5 mi...
PM Attends Handing Over of "Housing for All Egyptians" Units
7/15/2024 - Prime Minister Mostafa Madbouli attended the handing over of residential units of the presidential initiative "Housing for all Egyptians" to the limited-incomes families in Capital Gardens city (Haday...
PM: Egypt , Serbia Multiply Bilateral Trade Exchange
7/15/2024 - Prime Minister Mostafa Madbouly said on Sunday that the newly signed free trade agreement between Egypt and Serbia will multiply the trade volume between the two nations over the next five years.
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Pharmaceutical Market in Egypt: Severe Shortage Vs Price Spikes
7/15/2024 - "Doctor, please write down an alternative medication for each type on the prescription" is a common plea among patients in Egypt now due to the severe shortage of medicines in the local market, intens...
Ministry Of Planning, Economic Development, Participates In UN Women
7/17/2024 - The Ministry of Planning, Economic Development, and International Cooperation participated in the event organized by UN Women in Egypt titled "Adopting Women's Empowerment Principles for a More Sustai...

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