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Financials and Investment News in Egypt

WB Supports Local Development Ministry's Efforts, Promotes Future Partnerships
7/27/2024 - Spokesman for the Local Development Ministry Khaled Qasim said the ministry had received a letter from Country Director of the World Bank (WB) for Egypt, Djibouti and Yemen Stephane Guimbert, which is...
Egypt’s External Debt Decreases By $14 Billion in 5 Months
7/27/2024 - Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the end of last year, according to an official statement quoting an anonymous central bank off...
PM Inspects Finalized Units pf "Latin District" in New Alamein City
7/27/2024 - Prime Minister Moustafa Madbouli has directed accelerating finalization of the "Latin District" in New Alamein city and handing over its housing units according to the predetermined timetable.

...
PM Reviews Situation of Ras El Hekma Project
7/27/2024 - Prime Minister Moustafa Madbouli headed a meeting, before starting an inspection tour in New Alamein city, where he listened to an explanation on the situation of Ras el Hekma project and the urban ga...
Minister: Egypt Hopes IMF Will Approve Third Review on Economic Reform Program
7/27/2024 - Minister of Finance Ahmed Kouchouk said Egypt handles complex geopolitical consequences in a very balanced manner under a comprehensive program to improve economic performance.

The minister...
Finance Minister Affirms Aspiration to Restructure Int'l Tax System
7/27/2024 - Minister of Finance Ahmed Kouchouk said he is looking forward to restructuring the international tax system and cooperating to keep pace with the rapid growth of the digital economy in the world, so t...
Planning Minister Participates in Launching Global Alliance Against Hunger, Poverty in Brazil
7/27/2024 - Minister of Planning, Economic Development and International Cooperation Rania el Mashat has participated in launching the Global Alliance against Hunger and Poverty proposed by Brazil's G20 presidenc...
Minister: Military Production Ministry Keen to Forge Partnerships With Private Sector
7/28/2024 - Egypt’s Minister of State for Military Production Mohamed Salaheddin Mostafa has expressed his ministry’s keenness on forging new partnerships with the private sector and developing the production lin...
Labor Minister: We Are Keen on Communicating With Representatives of Arab Workers in All Sectors
7/28/2024 - Minister of Labor Mohamed Gobran has expressed keenness on communicating with all Arab workers in all sectors as a main pillar for production.

Gobran’s statements came during a meeting at t...
World Bank, Egypt Pledge Deeper Ties Amid Economic Reforms
7/28/2024 - Ministry of Planning, Economic Development, and International Cooperation and the World Bank have vowed to deepen their partnership as the North African country presses ahead with economic reforms.
PM Orders Plan Outlined to Sell Residential Units in New Cities
7/28/2024 - Prime Minister Moustafa Madbouli has underlined the need to outline a marketing plan to sell residential units in a number of new cities.

In a meeting with senior officials, including Housi...
Minister: Military Production Ministry Keen to Forge Partnerships With Private Sector
7/28/2024 - Egypt’s Minister of State for Military Production Mohamed Salaheddin Mostafa has expressed his ministry’s keenness on forging new partnerships with the private sector and developing the production lin...
Village of "Shama" in Menoufia Governorate Receives "Tarsheed"
7/28/2024 - The Ministry of Planning, Economic Development, and International Cooperation has announced that the village of "Shama" in Menoufia Governorate has been awarded the "Tarsheed" certification for Green ...
Singapore Is Egypt's Four Biggest Investor
7/28/2024 - Finance Minister Ahmed Kouchouk said, that Singapore is Egypt's four biggest investor and the country is hoping to lure more Singaporean companies to boost economic activities in Egypt.

Dur...
Egypt Sets A Plan to Reach 45,000MW from Renewable Energy
7/30/2024 - Egypt is aiming for a substantial boost in renewable energy output, with a target of 45,000 megawatts from projects currently under construction, as highlighted by Minister of Electricity and Renewabl...
Minister El-Khatib Seeks to Deepen Saudi Investment in Egypt
7/30/2024 - Egypt is seeking to deepen economic cooperation with Saudi Arabia, with a particular focus on attracting more Saudi investment, Investment and Foreign Trade Minister Hassan El-Khatib said Monday.
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Chinese Investors Interested in Manufacturing, Tourism in Egypt: Chair of Joint Business Council
7/30/2024 - Chair of the Egyptian Chinese Business Council Ahmed al-Sewedy stated that Chinese investors had been interested in the sectors of manufacturing and tourism in Egypt.

Similarly, Consultant ...
IMF Lauds Improved Egyptian Economy, Allows Immediate Draw Of $820mn
7/30/2024 - The Executive Board of the International Monetary Fund (IMF) has completed the third review of Egypt’s Extended Fund Facility (EFF) arrangement.

This enables the authorities to immediately ...
Raising Private Sector Share in Egypt Economy a Top Priority
7/31/2024 - Increasing the contribution of both the local and foreign private sector to the Egyptian economy is a top priority in the new government's agenda, Minister of Finance Ahmed Kouchouk said in the first ...
Indian Ostwal Group Eyes $300 Mln Investment Opportunity ini Egypt: Minister Elkhatib
7/31/2024 - Indian Ostwal Group of Industries (OGI) plans to invest $300 million in building a fertilizer production plant with an annual capacity of 700,000 tons in Egypt, according to Minister of Investment and...

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