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Financials and Investment News in Egypt

Cabinet Holds Weekly Meeting to Review Important Files
11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to address several topics, including the participation o...
Egypt’s Pm Meets Korean International Cooperation Agency Head
11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting at the government headquarters in the New Administrative Capital with Mr. Chang Won Sam, President of the Korea International Cooperation Agency (KOI...
EBRD Extends €50 Mln Loan to CIB to Support Smes in Egypt
11/20/2024 - The European Bank for Reconstruction and Development (EBRD) has extended a 50-million-euro loan to the Commercial International Bank (CIB), a publicly listed Egyptian bank, to promote the growth of sm...
IMF Concludes Fortnight Mission for Egypt’s EFF 4th Review
11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regarding the fourth review of Egypt's $8 billion Extende...
Egypt Engineering Industry Exports Grow By 25.6% in 9 Months: Export Council
11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching $3.936 billion, up from $3.133 billion during the...
FRA Authorizes Issuance of Standard E-Insurance Policies
11/23/2024 - The Financial Regulatory Authority (FRA) Board of Directors, under Mohamed Farid, issued decision no. 267 of 2024 amending the Board of Director's decision no.122 of 2015 regarding allowing insurance ...
Partnership With WEF Promotes Investment Horizons, Boosts Development, Growth
11/23/2024 - Minister of Planning, Economic Development and International Cooperation Rania el Mashat asserted Egypt’s appreciation to the depth of joint ties with the World Economic Forum (WEF) as it is an intern...
Egyptair Participates in IBTM Show in Barcelona
11/23/2024 - EgyptAir participated in Incentives, Business Travel & Meetings (IBTM) show in Barcelona in coordination with the Egyptian Tourism Authority within the framework of EgyptAir’s keenness on increasing t...
Housing Minister Directs Accelerating Implementation of Development Projects in Northwestern Coast
11/23/2024 - Minister of Housing, Utilities and Urban Communities Sherif el Sharbiny directed officials of new cities in the Northwestern Coast to accelerate the implementation rate of projects there to hand over ...
SCZONE Participates in 3rd IMCE
11/23/2024 - The General Authority for Suez Canal Economic Zone (SCZONE) will participate in the third edition of the International Annual Industry Forum and Exhibition (IMCE) on November 25-27.

The eve...
Communication Minister Lauds Efforts of African Countries Participating in 2nd Global Dialogue on AI
11/23/2024 - Minister of Communication and Information Technology Amr Talaat said that, during the 2nd Global Dialogue on Artificial Intelligence (AI) held in Cairo, more than 20 African and non-African countries ...
PM Witnesses "Investment in Industry.. Opportunities for Integration And Growth
11/25/2024 - Prime Minister Moustafa Madbouli witnessed activities of session entitled "Investment in Industry.. Opportunities for Integration and Growth" as part of activities of the the International Manufacturi...
Egypt to Increase Industrial Sector Contribution to GDP to 20-30%
11/25/2024 - Prime Minister Mostafa Madbouly emphasized the government’s commitment to increasing the industrial sector’s contribution to the GDP from the current 14 percent to 20–30 percent.

Speaking ...
Industry Minister: Gov't Seeks to Turn Egypt Into Regional, Industrial Hub
11/25/2024 - Deputy Prime Minister for Industrial Development Minister of Industry and Transport Kamel el Wazir asserted the Egyptian government is paying a greater interest to the industry sector in accordance wi...

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