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Financials and Investment News in Egypt

A Committee to Settle Investment Problems in South Sinai
2/23/2013 - Minister of Tourism Hisham Zazou told "Akhbar El Youm" newspaper on 23/02/2013 that Prime Minister Dr. Hisham Qandil decided to form a committee to discuss the problems of tourism investment in Sinai....
Egypt, Ukraine Discuss Cooperation
2/23/2013 - Egypt's Trade Minister Hatem Saleh held bilateral talks with Ukrainian Ambassador to Egypt Yevgeny Kirilenko. The meeting took up means of increasing joint trade and investments in the next stage. In ...
Egypt Govt Announces Economic Reform Measures to Clinch IMF Loan
2/25/2013 - The government has revealed 24 new measures as part of an economic reform programme aimed at kick-starting Egypt's struggling economy, which will be presented to the International Monetary Fund in ord...
EGX Loses LE 2.5bn over Civil Disobedience Calls
2/25/2013 - The Egyptian Exchange (EGX) lost EGP 2.5 billion on 24/2/2013 in light of the troubled political situation in the country and calls for civil disobedience. The EGX 30 benchmark index declined 0.84 per...
Canceling Customs on Egyptian Exports to Turkey
2/25/2013 - Turkey has announced the cancellation of customs fees imposed on all Egyptian exports, while Turkish businessmen voiced their desire to amend the free trade agreement between the two countries to acce...
World’s Biggest Cargo Ship Transits Suez Canal
2/25/2013 - The world's biggest cargo ship Maxi Brazil transited the Suez Canal for the third time with a cargo of 246,000 tons. "Max Brazil has transited the canal from Ukraine and headed to South Africa with a ...
CBE: Monetary Reserve Retreat
2/26/2013 - The net international reserves retreated to some $ 13.6 billion by the end of January 2013, enough to cover the commodity imports for three months. A Central bank of Egypt (CBE) report said the volume...
Economic Measures to Increase Foreign Reserves to $ 19 bn
2/26/2013 - Prime Minister Hisham Qandil announced on 25/2/2013 new economic measures to improve the standard of living of the citizen, increase wages and expand public social spending. This came during Qandil's ...
Hisham Qandil Approves Strategy to Develop Minerals Sector
2/26/2013 - Prime Minister Hisham Qandil approved a strategy to develop the mineral resources sector, outlined by the Mining Renaissance Association (MRA). Cabinet Secretary General Mohamed Safwat Abdel-Dayem sen...
Osama Saleh: Complementary Plan for Increasing Investments
2/26/2013 - Minister of Investment Osama Saleh said the Egyptian government has finalized working out a complementary development and economic plan based on action and encouraging investments and doubling competi...
Hatem Saleh: Establishing Global Trading System "rucial"
2/26/2013 - Industry and Foreign Trade Minister Hatem Saleh has underlined the importance of establishing a global trading system that preserves the interests of developing countries and helps them achieve compre...
Eng. Hatem Saleh: Imposing Fees on Cement Exports
3/1/2013 - Minister of Industry and Foreign Trade Eng. Hatem Saleh said that the ministry is considering imposing fees on cement exports as a result of the recorded unjustifiable increases in cement prices on th...
U.S. Welcomes Egyptian Strawberry exports
3/1/2013 - U.S. Ambassador to Egypt Anne W. Patterson announced that the U.S. Department of Agriculture has granted market access for Egyptian fresh strawberry exports to the United States. "We are committed to ...
El-Arabi, Italian Ambassador Discuss Bilateral Cooperation
3/2/2013 - Minister of Planning and International Cooperation Ashraf el-Arabi held a meeting on 1/3/2013 with Italian Ambassador to Egypt Maurizio Massari on ways of boosting bilateral cooperation in various fie...
20% Increase in Egypt’s Exports to Poland
3/3/2013 - The Egyptian-Polish Businessmen Association held an expanded meeting with Trade Minister Plenipotentiary Ehab Tahoon, to discuss means of augmenting Egyptian exports to Poland, whose value reached $13...
Egypt Needs to Fix Economy, Strike IMF Deal: Kerry
3/3/2013 - The country's foreign currency reserves have dived to little more than a third of levels before the 2011 revolution and the budget deficit is soaring as a sliding Egyptian pound pushes up the cost of ...
Egypt, Iraq Discuss Economic Cooperation
3/5/2013 - Egypt and Iraq confirmed their identical views regarding the political issues that concern the two countries and the Arab world and the regional issues as well as their common desire to push forward b...
Foreign Reserve Central Bank of Egypt (CBE) Retreats
3/5/2013 - The foreign reserve at the Central Bank of Egypt (CBE) has retreated to $ 13.5 billion, compared with $ 13.6 billion at the end of January, down by $ 105 million, the CBE said in a statement. Deputy H...
Qandil: We are Close to Attaining IMF Loan
3/5/2013 - Prime Minister Hisham Qandil met on 5/3/2013 with a host of Egyptian and Iraqi businessmen in Iraq as part his landmark visit to Iraq. He stressed the importance of the role of Egyptian and Iraqi busi...
Abdullah bin Zayed Receives Alexander Stubb
3/6/2013 - Foreign Minister H.H. Sheikh Abdullah bin Zayed Al Nahyan received Alexander Stubb, the Finnish Minister of European Affairs. The meeting discussed a variety of topics of mutual interest as well as wa...

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