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Financials and Investment News in Egypt

PM's Tour In Minya Focuses on Decent Life Projects
10/19/2024 - Prime Minister Moustafa Madbouli said his visit to Minya is meant to focus on following up on a number of projects of presidential initiative “Decent Life” for developing the Egyptian countryside whos...
Sczone, China’s Yingtan City Explore Copper Industry, Logistics Co-Operation
10/21/2024 - Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din, received on Monday a delegation from the Chinese Yingtan City -led by Chairman of the Yingtan Municipal Committee for the Chinese ...
Cabinet Denies Plan to Curb Car Imports By 20%
10/21/2024 - The Cabinet Media Center has dismissed as groundless reports on issuing a decision to reduce car imports by 20 percent to become 8,000 cars a month instead of 10,000.

In a statement, the ce...
Egypt To Reevaluate Timings for Economic Reforms With IMF: PM Madbouly
10/23/2024 - Egypt to start reevaluating the timing of economic reforms with The International Monetary Fund, Prime Minister Mostafa Madbouly announced.

“Based on the recent economic developments in Egy...
Egypt Approves New Special Economic Zone for Citrus Concentrates
10/23/2024 - The Egyptian Cabinet has given the green light for the establishment of a new special economic zone dedicated to the production of citrus concentrates.

The zone, named "Ghrs for Citrus Con...
Egypt And Cyprus Eye Increased Cooperation to Promote Health Partnerships, Share Expertise
10/23/2024 - Deputy Prime Minister and Health and Population Minister Khaled Abdel Ghaffar asserted the importance of the exchange of expertise between Egypt and Cyprus to boost healthcare services and improve pub...
Egypt's Amb. to Yerevan, Armenian Economy Minister Discuss Bilateral Cooperation
10/24/2024 - Ambassador Serenade Gamil, The Egyptian Ambassador to Armenia met with Mr. Gevorg Baboyan, Armenia's Minister of Economy, to discuss various aspects of bilateral relations and explore ways to enhance ...
7.3% Increase in Egypt’s Exports to BRICS Nations During 2024
10/24/2024 - Trade between Egypt and BRICS countries surged to $30.2 billion during the first eight months of 2024, a 15% increase compared to $26.2 billion in the same period of 2023, according to data from the C...
PM: State Focuses on Restructuring all Governorates
10/26/2024 - Prime Minister Mostafa Madbouli emphasized state’s focus on restructuring all governorates, ensuring development reaches every corner nationwide.

In a press conference held after his visit ...
Newly-Elected IMF Official Vows More Support for Arab Economies
10/26/2024 - Executive Director of the International Monetary Fund (IMF) for the Middle East and the Maldives Mohamed Maait affirmed commitment to intensifying efforts to support Arab economies in fostering growth...
PM: Gov't Keen on Reinforcing Sectors Producing Components of Various Projects
10/26/2024 - Prime Minister Moustafa Madbouli emphasized keenness of the government on reinforcing sectors producing components of various projects, in particular the pumps that represent a key aspect for drinking...
PM Inspects German Factory of Knauf for Plaster Rods
10/26/2024 - Prime Minister Moustafa Madbouli inspected the factory of the German company of Knauf for plaster rods and products.

This came during Madbouli’s visit to Suez which included a number of pro...
Investment Minister, Koch Inc Officials Mull Current, Future Projects
10/26/2024 - Investment Minister Hassan El Khatib has reviewed the current and future investments of Koch Inc. in Egypt.

The minister had a meeting with officials from Koch Inc and its affiliated compan...
Egypt Committed to Supporting Chinese Companies
10/26/2024 - Executive Vice Officer of the General Authority for Investment and Free Zones (GAFI) Yasser Abbas affirmed commitment to providing full support to Chinese companies, opening new strategic partnership ...
Environment Minister: GCF Approves Three Projects at Dlrs 2.687 Bn
10/26/2024 - Environment Minister Yasmine Fouad said the Green Climate Fund (GCF) approved during the 40th Board Meeting proposals for financing several programs in a number of countries, including greening financ...
Pm Inspects Universal Furniture Factory in Suez
10/26/2024 - Prime Minister Moustafa Madbouli inspected Universal Furniture Factory in the free zone in Suez's Attaqa district.

He asserted his keenness on weekly visits to the governorates and inspecti...
PM: Sisi Places High Priority on Universal Healthcare Coverage
10/26/2024 - President Abdel Fattah El Sisi places a high priority on the healthcare sector, aiming to fulfill Egyptians’ dream of universal healthcare coverage, Prime Minister Mostafa Madbouli said.

He...
Environment Minister Probes Environmental Cooperation With AAST
10/26/2024 - Minister of Environment, Yasmin Fouad commended a decision by the Arab Academy for Science and Technology (AAST) for integrating environmental programs into its educational and training initiatives.
Irrigation Minister: 56% of New Dairut Barrages Implemented Until Now
10/26/2024 - Minister of Water Resources and Irrigation Hany Suwilam asserted that more than 56% of new Dairut barrages were implemented until now.

Suwilam pointed out that Bahr Youssef barrages which s...
Arab Women Investors Union Says Trade in Local Currencies Bet.
10/26/2024 - Arab Women Investors Union chief Hoda Yassin praised the speech of President Abdel Fattah El Sisi during his participation in the BRICS summit, in which he stressed the Egyptian state's support for pr...

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