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Financials and Investment News in Egypt

Egypt Market Rebounds Slightly
3/6/2013 - Egyptian stocks ended the day in the green, offsetting some of the losses seen within the last two days, with the benchmark EGX30 index gaining 0.42 percent to alight at 5,263 points. The broader-base...
$250 Million Chinese Investment in Egypt
3/6/2013 - Mr. Sung Ms. Itoh, the Chinese ambassador Cairo Oalnan Egypt has entered a new stage of development and that Chinese companies operating in Egypt did not withdraw after the revolution of January 25 bu...
Bourse Gains LE 1 bn
3/7/2013 - The bourse has gained profits of LE 1 billion, rising to LE 9.362 billion against LE 9.361 billion on 5/3/2013. The main EGX30 Benchmark index rose by o.42% to close at 5263 points and so did the broa...
Good News Soon on IMF Loan to Egypt
3/9/2013 - Good news will be announced soon about an International Monetary Fund's expected loan to Egypt, said Egyptian Presidential Secretary for Foreign Affairs Khaled el-Qazaz.

Qazaz, who is par...
Egypt, Iraq Sign Agreements to Activate Cooperation
3/9/2013 - The Iraqi government asserted that it will extend all facilities and remove any obstacles that may face Egyptian electricity companies operating in Iraq and participating in the reconstruction of the ...
Egyptian GDRs in LSE up
3/9/2013 - The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange (LSE) rose at the close of Friday's trading. The GDRs of EFG Hermes, Orascom Telecom and the Commercial International...
Ashraf al-Arabi: Economy Able to Rebound
3/10/2013 - Minister of Planning and International Cooperation Ashraf al-Arabi said on 03/09/2013 that the Egyptian economy has the ability to recover at high rates enough to provide job opportunities for young p...
Measures to Curb Cement Price Hikes
3/10/2013 - The Ministry of Industry and Foreign Trade announced on 9/3/13 taking measures to curb cement price hikes following meetings held by Minister of Industry and Foreign Trade Hatem Saleh with cement comp...
Egypt Launched Economic, Social Reform Program
3/11/2013 - The Cabinet announced on 10/3/2013 that the economic and social reform program is stronger than the agreement agreed on formerly with the International Monetary Fund.

Ambassador Alla Al Ha...
Egyptian Bourse Continues upward Trend
3/11/2013 - Despite political events in Egypt including the announcement of a court ruling in Port Said Stadium case, Egypt' bourse continued its upward trend and all indices recorded collective rise at the closi...
Qatar Says no More Aid to Egypt
3/11/2013 - Qatar does not expect to give further financial aid to Egypt in the immediate term, Qatari Finance Minister Youssef Kamal said on Monday. "We already announced $5 billion," Kamal told Reuters, when as...
1.8 Billion Pounds to Establish Electrical Factory
3/11/2013 - Dr. Osama Kamal, Governor of Cairo, held a meeting with representatives of Samsung Electronic Gulf, the director of the company during the meeting developments of the company's investments in Egypt or...
IMF Expected to Visit Egypt in Coming Days
3/12/2013 - A team from the International Monetary Fund is expected to visit Egypt in the next few days for negotiations over a $4.8 billion loan, state media quoted a minister as saying on Tuesday. Egypt has bee...
Egypt Stocks Rise for Fourth Day in Row
3/12/2013 - For the fourth day in a row, Egypt’s stock exchange traded into the green on Monday. Egypt’s benchmark EGX30 index rose by a modest 0.16 percent to alight at 5,403 points by the end of the trade sessi...
Egypt, US Sign $190 mn Aid Deal
3/12/2013 - Minister of Planning Ashraf al-Arabi said on 11/3/2013 that Egypt and the US have signed a $190 million aid deal. This is the first tranche of two totaling $450 million. It will support the general bu...
Mega Project for Mineral Salts Underway
3/12/2013 - Preparations are under way to implement a giant project for extracting mineral salts in Egypt, through the establishment of a large industrial complex for producing mineral salts from Lake Moeris with...
India Willing to Export Wheat to Egypt
3/13/2013 - The Indian government has proposed exporting wheat to Egypt and said it is ready to provide 'generous' financial facilities to encourage Egyptian imports, Egypt's Supply Minister Bassem Ouda told stat...
Budget Transparency in Egypt down After Revolution
3/13/2013 - Post-revolution government in Egypt is less transparent than its predecessor, according to the Open Budget Index (OBI) 2012. Egypt scored 13 out of 100 on the survey conducted by the International Bud...
Trade City to be Set up Near Cairo Airport
3/14/2013 - The government is due to float a number of projects to revitalize economy including a commercial, investment city at an area of 2288 feddans in the vicinity of Cairo Airport with investments of $20 bi...
IMF Mission in Cairo to Resume Loan Negotiations
3/17/2013 - A mission of the International Monetary Fund (IMF) mission under Massoud Ahmed, Director of the Middle East and North Africa Department, is due in Cairo 17/3/2013 to resume talks with Egyptian officia...

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