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Financials and Investment News in Egypt

Egypt Industry: Govt. Plans to Boost Leather Industry
8/25/2024 - The Egyptian government will unveil an ambitious plan to solidify the country’s position as a leading hub for leather tanning and manufacturing, said Minister of Industry and Transport Kamel El-Wazir....
Al-Mashat, MCDF CEO Discusses Benefit of Grants for Feasibility Studies & Enhancing Triangular Co-Op
9/1/2024 - Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat me with Chief Executive Officer (CEO) of Multilateral Cooperation Center for Development Finance (MCDF) Mr. Zho...
First Day of September Stock Market Trading Reports Positive Trend Amid Arab Buying
9/1/2024 - The Egyptian Exchanged (EGX) kicked off September trading by starting the month off in the green, closing with a market capitalization of LE 2.116 trillion.

Benchmark index EGX 30 closed th...
Al-Mashat Meets President of BRICS Bank, During Annual Meetings in South Africa
9/1/2024 - Minister of Planning, Economic Development and International Cooperation and Governor of Egypt at the New Development Bank (NDB) of the BRICS group Rania Al-Mashat met with Mrs. Dilma Rousseff, Presid...
Egypt to Launch New Digital Platform for Industrial Investment Today: Trade Ministry
9/1/2024 - The Trade and Industry Ministry has unveiled the first phase of its new online platform for industrial investment, developed in collaboration with state-owned FinTech e-finance, named Made In Egypt (M...
Al-Mashat Meets AIIB President on Expansion on Private Sector Financing Mechanisms
9/1/2024 - Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, who also serves as Egypt’s Governor at the New Development Bank (NDB), met with Mr. Jin Liqun, President ...
Gov't Keen to Implement President El-Sisi's Directives to Develop Great Transfiguration Project: PM
9/1/2024 - The government is keen on implementing directives issued by President Abdel Fattah El Sisi regarding the development of The Great Transfiguration project site, which will become a magnificent destinat...
GAFI Chairman Meet Indian Investors
9/2/2024 - Chairman of the General Authority for Investment and Free Zone (GAFI) Hossam Heiba met with Managing Director and CEO of Invest India Nivruti Rai and representatives of major Indian companies during h...
Mashaat: Infrastructure Financing Gap in Africa Is Estimated at Dlrs 100 Bn
9/2/2024 - Egyptian Minister of Planning, Economic Development and International Cooperation and Egypt’s Governor at the New Development Bank (NDB) Rania al-Mashaat said requirements for infrastructure projects ...
Egsa, SSA Chiefs Discuss Co-Operation in Satellite Technologies
9/2/2024 - Egyptian Space Agency (EgSA) CEO Sharif Seqdy discussed with Saudi Space Agency (SSA) CEO Mohammed bin Saud al Tamimi ways of boosting mechanisms of co-operation in the satellite technologies includin...
Agriculture Minister, AOAD Director Boosting Bilateral Cooperation
9/2/2024 - Agriculture Minister Alaa Farouk has stressed the importance of Arab cooperation and integration to achieve agricultural development.

Cooperation is particularly important in terms of food ...
Indian Black Carbon Company Plans to Build $60M Plant in Egypt
9/3/2024 - India is planning to invest $60 million in establishing a black carbon plant in Egypt.

This decision was made during a meeting between Yehia El Wathek Bellah, the Head of the Trade Ministr...
Madbouly Instructs Creation of New Entrepreneurship-Centered Ministerial Group
9/11/2024 - The Prime Minister has instructed the cabinet to form a new ministerial group dedicated to fostering entrepreneurship and bolstering Egypt’s entrepreneurial landscape.

PM Mostafa Madbouly i...
Housing Min. Meets Belarusian Ambassador
9/12/2024 - Housing, Utilities, and Urban Communities Minister Sherif El Sherbini welcomed Belarusian Ambassador Sergey Terentiev at the Ministry of Housing in the New Administrative Capital to congratulate him o...
Investment Min. Underlines Keenness on Promoting Local, Int'l Investments
9/12/2024 - Foreign Trade and Investment Minister Hassan Khatib underlined keenness on promoting local and international investments, thus contributing to meeting local market needs, generating new jobs and boost...
PM Reaffirms Gov’t’s Support for German Companies
9/12/2024 - Prime Minister Moustafa Madbouli has stressed that the government backs German companies operating in Egypt.

The premier’s remarks came at a meeting with a host of representatives of Germa...
Total Trade Bet Egypt, Germany Stands at $2.5 Billion in H1 2024
9/12/2024 - September 2024: In the first half of 2024, Egyptian exports to Germany surged by 11 percent, hitting $463 million, up from $417 million in the same period last year, as per the recent data by CAPMAS.<...
Afdb Special Envoy Praises Egypt’sRoleIn Advancing African Regional Integration &Trade
9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's crucial role in advancing the continent's regional...
Afdb Special Envoy Praises Egypt’sRoleIn Advancing African Regional Integration &Trade
9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's crucial role in advancing the continent's regional...
The Egyptian Exchange (EGX) Ended Wednesday’s Trading Session in The Green Amid Arab Selling
9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.

EGX 70 surged by 1.16 percent to 7,070.08 points, f...

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