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Financials and Investment News in Egypt

PM Hails 'Constructive' Co-Op Between Egypt, US
7/17/2024 - Prime Minister (PM) Dr. Mostafa Madbouly met, with US ambassador to Egypt, Herro Mustafa Garg.

The Prime Minister welcomed the U.S. Ambassador, emphasizing the strong strategic and historic...
PM Directs Economic Group to Outline Proactive Scenarios to Deal With Challenges
7/18/2024 - Prime Minister Moustafa Madbouli has directed the economic group in his government to outline proactive scenarios to deal with repercussions of global and regional events for the economy.

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Govt Applies Approach Aiming at Implementing Green Economy Projects
7/18/2024 - Petroleum Minister Karim Badawy asserted that the petroleum sector works on implementing the approach of the government aiming at carrying out projects of green economy via a bundle of projects, inclu...
Egypt Supports Local Green Hydrogen, Automotive Industries
7/18/2024 - Egypt’s Prime Minister Moustafa Madbouly has emphasised that his government is prioritising the industrial sector as a strategic measure to safeguard foreign reserves.

This commitment under...
Supply Min.: Egypt's Reserve of Strategic Commodities at Highest Rates
7/18/2024 - Minister of Supply and Interior Trade Sherif Farouk asserted that Egypt's reserve of strategic and supply goods, especially wheat, reached its highest rates in the past period.

In statement...
EGP 8.25bln Revenues of SCZONE
7/18/2024 - Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamal el Din announced the success of the SCZONE to achieve total revenues of EGP 8.25 billion in the fiscal year 2023/202...
Planning Ministry Keen on Boosting Cooperation With France
7/18/2024 - Planning Minister Rania el Mashat asserted her ministry's keenness on increasing cooperation with the French side in light of the state's attention in the coming period to the prioritized files, toppe...
International Co-Op And Investment Ministers Meet to Discuss Strategies to Attract Fdis
7/21/2024 - Underscoring the government's commitment to improving the investment environment and fostering sustainable growth across key sectors, Minister of International Cooperation, Rania Al-Mashat, met with M...
Investment Min.: We Are Focused on Enhancing Service System for Exporters, Importers
7/21/2024 - Foreign Trade and Investment Minister Hassan EL Khatib reaffirmed the ministry’s commitment to boosting the service system for exports and imports through applying the latest international standards w...
CBE: External Debt Witnesses Largest Historical Decline
7/22/2024 - A high-ranking official at the Central Bank revealed that Egypt’s external debt declined to record 153.86 billion US dollars at the end of May 2024, compared to 168.03 billion US dollars at the end of...
Egyptian-Saudi Power Linkage Project to Commence Operation in Summer 2025: Ministry
7/22/2024 - Cairo and Riyadh agreed to do what is necessary to start operating the power linkage grid project between the two countries in the summer of 2025, according to a statement by the Minister of Electrici...
MSMEDA Invests EGP 647m in New Valley Over Almost 10 Years
7/22/2024 - The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has allocated a total of EGP 647m to New Valley between July 2014 and May 2024.

This funding supported over 11,000 dive...
Supply Minister, FRA Chairperson Discuss Strategies to Enhance Commodity Market
7/22/2024 - Minister of Supply and Internal Trade, Sherif Farouk, met with the Chairperson of the Financial Regulatory Authority (FRA), Mohamed Farid, at the ministry’s headquarters in the New Administrative Capi...
Egypt Ready to Help Deepen Economic Integration Among African Countries: PM
7/22/2024 - Prime Minister Mostafa Madbouli said Sunday Egypt is ready to help deepen economic integration among African countries and promote development efforts to improve life for all people across the contine...
Al-Mashat Reviews NIB’s Role in Boosting Egypt’s Economy
7/23/2024 - Egypt’s Planning and Economic Development Minister Rania Al-Mashat has underlined the crucial role of the National Investment Bank (NIB) in driving Egypt’s economic growth and development.

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Egypt Has The Potential to Transform Into Commercial, Production Hub
7/23/2024 - UAE Ambassador to Egypt Mariam Khalifa AlKaabi said Egypt has the potential to transform into a commercial and production hub to cover the needs of the European and African markets.

lkaabi ...
Al-Mashat Reviews NIB’s Role in Boosting Egypt’s Economy
7/23/2024 - Egypt’s Planning and Economic Development Minister Rania Al-Mashat has underlined the crucial role of the National Investment Bank (NIB) in driving Egypt’s economic growth and development.

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Egyptian Deputy PM, U.S. Embassy Discuss Cooperation in Green Industries
7/23/2024 - Deputy Prime Minister for Industrial Affairs Kamel al-Wazir met with U.S. Ambassador Hero Mostafa to discuss bolstering American investments in the sectors of new and renewable energy, green hydrogen,...
Egypt Water Projects Receive 19% of Concessional Development Financing: Minister
7/23/2024 - Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt, said Minister of Planning, Economic Development, and Int...
PM: Presidential Directives to Swiftly End Electricity Crisis
7/25/2024 - Prime Minister Moustafa Madbouli highlighted presidential directives on the importance of swiftly putting an end to the electricity crisis, especially reducing the duration of power cuts.

H...

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