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Financials and Investment News in Egypt

Egypt Gold Jewellery Demand Rose 2% In 2Q 2024: WGC
7/31/2024 - The demand for gold Jewellery rose two percent in Egypt in the second quarter (2Q) of 2024, hitting 6.8 tons following the International Monetary Fund ( IMF) Extended Fund Facility (EFF) loan in March...
Irrigation Minister: Many Projects Implemented to Protect, Develop Nile River
7/31/2024 - Minister of Water Resources and Irrigation Hani Sewilam said that several projects are now being carried out to protect and develop the Nile River.

The irrigation minister received a repor...
Drug Prices In Egypt Spike By 25%-30%: Pharma Division Head
8/11/2024 - Eighty to 100 pharmaceutical companies applied to the Egyptian Drugs Authority (EDA) to increase the price of medicines by an average of 25-30 percent, the Head of the Pharmaceuticals Division at the ...
Electricity Min. Follows Up Electricity Interconnection Project With Greece
8/11/2024 - Egyptian Minister of Electricity and Renewable Energy Mahmoud Essmat met with Chairman of the Greek Copelouzos Group Dimitrios Copelouzos to review the latest developments of the electricity interconn...
Sisi Directs Ironing Out Hurdles to Investors - Wazir
8/11/2024 - Deputy Premier for Industrial Development and Minister of Industry and Transport Kamel el Wazir unveiled President Abdel Fattah El Sisi's directives to remove hurdles facing industrial investors in or...
Egypt, Japan to Organize Key Policy Dialogue By End of August to Foster Bilateral Cooperation
8/11/2024 - Egypt and Japan are collaborating on a diverse range of projects valued at approximately $3.9 billion, encompassing areas such as health, education, and energy, in line with Egypt's sustainable develo...
Investment Min. Asserts Depth of Historic Ties Between Egypt, Sri Lanka
8/12/2024 - Minister of Investment and Foreign Trade Hassan El-Khatib emphasized the deep and strong historical ties between Egypt and Sri Lanka, highlighting the importance of working to enhance mutual investmen...
Wazir: State Providing All Support to Int'l Companies to Expand in Egypt
8/12/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El Wazir affirmed the state's commitment to providing all forms of support for global companies to invest ...
FM Looking Forward to Boosting Ties With Tanzania
8/12/2024 - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty said on Sunday he is looking forward to boosting relations between Egypt and Tanzania, scaling up the volume of trade ex...
Egypt, Iraq Sign Protocol for Cooperation in The Financial Market
8/12/2024 - Chairman of the Board of Directors of the Egyptian Exchange (EGX) Ahmed El-Sheikh and Chairman of the Board of Governors of the Iraq Stock Exchange (ISX) Thaer Hashem signed a cooperation protocol bet...
Infograph: Egypt PMI Trend in 2024
8/12/2024 - Egypt’s S&P global Purchasing Managers’ Index (PMI) has been tiptoeing around the 50 mark for the past few months with July recording 49.7 down from 49.9 in June.

Egypt’s non-oil companies'...
FX Rate in Egypt Projected to Average EGP 49.5/$1 in 2024: BMI
8/12/2024 - BMI, a research firm associated with Fitch Solutions, forecasts a depreciation of the Egyptian pound against the US dollar throughout the remainder of 2024.

The company projected the foreig...
Cabinet Holds Weekly Meeting to Discuss Important Files
8/14/2024 - Prime Minister Mostafa Madbouli has chaired the Cabinet weekly meeting at the government headquarters the New Administrative Capital to discuss a number of key political, economic and social files.
Mashat, Eu Amb Review Cooperation Files
8/14/2024 - Minister of Planning, Economic Development and International Cooperation Rania Mashat discussed with Head of the European Union Delegation to Egypt,

Ambassador Christian Berger, bilateral ...
Cornerstone of Digital Egypt Strategy Is Building Cadres, Developing Abilities: Communication Min
8/14/2024 - Minister of Communication and Information Technology Amr Talaat has said that the cornerstone of the strategy of building Digital Egypt is building cadres and developing abilities in all the segments ...
Irrigation Ministry Pays Attention to Issues of Water Desalination for Heavy Production of Food: Min
8/14/2024 - Minister of Water Resources and Irrigation Hany Suwielam said his ministry pays attention to a number of important issues including water desalination for heavy production of food, training workers of...
Health Minister Discusses Joint Cooperation With Huawei
8/14/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar discussed with the vice president of Huawei Global and his accompanying delegation ways of boosting fruitful cooperatio...
US Consumer Inflation Records Smallest Annual Rise Since 2021
8/14/2024 - US consumer inflation eased slightly in July, according to government data published its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting in...
The Voluntary Trading of Carbon Certificates And Bonds Kicks Off: Investment Minister
8/14/2024 - Minister of Investment and Foreign Trade Hassan ElKhatib announced during the Financial Regulatory Authority Conference (FINRA) on Tuesday that the voluntary trading of carbon certificates and bonds w...
Singaporean Olam to Raise Investment in Egypt to $55 Mln
8/18/2024 - Managing Director of the Singaporean Olam company Prakash Jhanwe declared in a meeting that his company will increase its current investment by $22 million to reach $55 million, taking advantage of th...

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