Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

European Commission to Grant €100m to Egypt
8/18/2011 - The European commission agreed to give Egypt 100 million Euros (U.S. $143.9 million), as direct contribution to improve living conditions of the poor and creating more job opportunities in Egypt. ...
Egyptian & Turkish Officials Discuss Bilateral Partnerships in Industry
8/19/2011 - Egyptian Minister of Trade and Industry Mahmoud Issa met with Turkish Ambassador Hasan Botsaly to discuss plans to stimulate foreign investment in Egypt and open new markets for exports. ...
Notable Increase in Egyptian Exports to Lebanon
8/22/2011 - The Lebanese Ministry of Foreign Trade issued a report revealing that Egyptian exports to Lebanon witnessed a notable increase during the first half of 2011, recording U.S. $401 million. Egyptian impo...
Egyptian Government Bans Export of Palm Leaves to Israel
8/22/2011 - Egypt’s Agriculture Ministry has announced a ban on the export of palm leaves to Israel starting this year and for the coming two years, a decision that some news reports have linked with recent viole...
Egypt Exported U.S. $124 Million in Commodities to Israel Since January
8/23/2011 - Egypt exported U.S. $124 million in products to Israel while Israel exported U.S. $49 million in products to Egypt since January 2011, according to a report by the Israeli Exports Institute. Tel Aviv ...
Egyptian Minister: EU to Give Egypt 449 MN Euro
8/31/2011 - A EU Program will provide Egypt 449 million Euro (EGP 3.9 billion) between 2011 and 2013 as part of the EU’s Neighborhood Policy, according to Minister of International Cooperation Fayza Aboul Naga. ...
New Measures to Stimulate Industrial Investments
9/5/2011 - Dr. Mahmoud Eisa, Minister of Industry and Foreign Trade issued a ministerial decree contains a series of decisive actions, including reducing the value of letters of guarantee on all land in industri...
Egypt C.Bank to Offer 10 Bln EG Pounds in Repos
9/5/2011 - Egypt's central bank said it will offer 10 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent. The central bank introduced the we...
Egypt to Receive US $ 330 M in New U.S. Assistance
9/6/2011 - Deputy Prime Minister and Finance Minister Hazem el-Beblwai met on 5/9/2011 with the UK’s new Permanent Representative to the European Union in Brussels Sir Jon Cunliffe, to discuss Egypt's financial ...
Sharaf Discusses Means of Luring British, Canadian Investments
9/7/2011 - Prime Minister Essam Sharaf received on 6/9/2011 the newly appointed British Ambassador in Cairo James Watt. Cabinet spokesman Mohamed Hegazi said that Sharaf expressed appreciation of Britain's suppo...
Trade Partnership with Turkey Activated
9/7/2011 - Minister of Finance Hazem el-Beblawi said on 6/9/2011 that Egyptian-Turkish economic partnership will lead trade movement and investments in the Middle East and North Africa (MENA) region. The two cou...
Egypt to Tap Local Market for Financing- Finance Minister
9/7/2011 - Egypt has no plans to issue an international bond currently and will rely on local market to meet its financing requirements, the country's finance minister said on Wednesday. When asked if the countr...
Egypt Largest Economic Entity of Arab Spring States
9/18/2011 - Hani Qadri, Aide to Egypt's Minister Finance has emphasised that Egypt is the largest economic entity among countries of the current democratic conversion, the official Middle East News Agency (MENA) ...
Egypt Seeks $5b in Trade with Turkey
9/18/2011 - Egypt is considering a new bilateral strategy with Turkey, in order to boost the total trade volume to $5 billion annually in the near future, said the Egyptian Minister of Trade and Industry during h...
US Republicans Criticise Tax on Millionaires Idea
9/19/2011 - US Republican leaders criticised President Barack Obama's proposal for a new tax on millionaires, calling it "class warfare" and predicting it will face heavy opposition in Congress. Obama is expected...
Israel Faces Palm Shortage as Egypt Bans Export
9/19/2011 - An Egyptian decision to ban the export of closed palm fronds used in an upcoming Jewish festival is forcing Israel to seek ways to make up the shortfall, its agriculture minister said. In the past, Is...
Egypt Discussing Finance Package with Saudi & UAE
9/20/2011 - Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the United Arab Emirates that could exceed a total of $5 billion based on figures initially proposed, the E...
Kingdom, UAE in Talks Over $5b Egypt Bailout
9/21/2011 - Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the UAE that could exceed a total of $5 billion based on figures initially proposed, Egyptian Finance Minis...
Egypt's Cotton Exports During 2010/ 2011 Season
9/28/2011 - Egypt's cotton exports during 2010/ 2011 season ending 9/30/2011, has reached 111,000 tons valued at $ 457 million. This was concluded in a recent report of the Cotton Exporters Federation indicating ...
Chinese Government Giving Egypt $ 9.2 Million Grant
9/30/2011 - Chinese Government has given Egypt the equivalent of $ 9.2 million grant to finance the procurement of up to 700 vehicles for the use of police forces. This was reported in the media indicating that t...

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