Egypt Zones accountACCOUNT

Financials and Investment News in Egypt

Several Projects Inaugurated Nationwide in Egypt
4/1/2013 - Minister of Transport Hatem Abdel Latif inaugurated on 31/3/2013 four level crossings in Qalyubia and Menoufia governorates after being developed out of keenness to protect citizens' lives and to prev...
International Finance Institutions Ready to Support Egypt
4/1/2013 - Minister of Planning and International Cooperation Ashraf Al Araby asserted on 31/3/2013 that many countries and international finance institutions as well as international and regional banks voiced r...
Hegazi Attends Arab Finance Ministers Meeting
4/2/2013 - Finance Minister Al-Morsi Hegazi will join the fourth Arab finance ministers meeting and attend the 36th Arab Monetary Fund session on 2/4/2013 in Dubai. Hegazi said the meetings come amid critical ec...
IMF to Continue Talks with Egyptian Government
4/2/2013 - Minister of Planning and International Cooperation Ashraf el-Arabi said that the International Monetary Fund “IMF” delegation is due to arrive on 3/4/2013. He said that the two sides will complete the...
Hegazi Attends Arab Finance Ministers Meeting
4/2/2013 - Finance Minister Al-Morsi Hegazi will join the fourth Arab finance ministers meeting and attend the 36th Arab Monetary Fund session on 2/4/2013 in Dubai. Hegazi said the meetings come amid critical ec...
Hisham Qandil Holds Meeting with ’Door Knock’ Delegation
4/3/2013 - Prime Minister Hisham Qandil held on 2/4/2013 a meeting with a door-knock delegation from the Egyptian-American Chamber of Commerce in Cairo on means of attracting investments to the country. During t...
IMF Team Discusses $4.8 bn Rescue Loan for Egypt
4/3/2013 - An International Monetary Fund (IMF) team resumed long delayed negotiations with Egypt on a $4.8 billion loan to ease an economic crisis in the most populous Arab country, a government official said. ...
Chinese Investments in Egypt Rose to $400 Million
4/3/2013 - Mr. Song Aigjoh - China's ambassador in Cairo - announced that his country's investments in Egypt increases and health for its withdrawal from Egypt and China is ready to make every effort to provide ...
Egypt Expects IMF Loan Agreement in Two Weeks
4/4/2013 - Egypt's planning minister said the government expects to reach a final agreement with the International Monetary Fund (IMF) on a $4.8 billion loan within two weeks, the state news agency MENA reported...
Principled Agreement on IMF Loan
4/7/2013 - Dr. Ashraf el Arabi, the Minister of Planning and International Cooperation said on 6/4/2013 that talks, which are currently underway with the technical mission of the International Monetary Fund (IMF...
Dr. Hisham Qandil Holds a Meeting
4/7/2013 - Prime Minister Dr. Hisham Qandil held a meeting on 6/4/2013 to discuss suggestions for developing performance of the National Investment Bank. The meeting was attended by Minister of Planning and Inte...
Egyptian Exports to Canada Hit $515 mn in 2012
4/7/2013 - Head of the Canadian Chamber of Commerce in Egypt, Fayez Ezz noted the volume of trade exchange rose from $170 million in 2001 to $964.3 million in 2012 with 467% growth rate, adding the trade balance...
Measure for Controlling Forex Market
4/7/2013 - A host of measures are being implemented with the aim of controlling the foreign exchange (forex) market and curb the increase in the US dollar's exchange rate against the Egyptian pound. These measur...
Fees on Steel Construction Imports Approved
4/7/2013 - State Council administrative Judiciary approved the decision of Minister of Industry and Foreign Trade, Head of subsidy, dumping and prevention and Head of chamber of metal industries put preemptive f...
Egypt foreign reserves dropped slightly in March
4/7/2013 - Egypt's Net International Reserves (NIR) fell by around $84 million in March to $13.42 billion, the Central Bank of Egypt (CBE) announced. The NIR has fallen by around $1.6 billion since the beginning...
Arab, Turkish Investors Participate in Suez Canal Corridor Project
4/8/2013 - Minister of Investment Osama Saleh disclosed that he received requests from a number of Arab and Turkish investors to participate in the establishment of the industrial zone in the Suez Canal corridor...
Arab fund extends loan to finance railways in Egypt
4/8/2013 - Egypt and the Arab Fund for Economic and Social Development (AFESD) signed a 44-million-Kuwaiti-dinar loan to finance railway electric signals project linking Banha, Zagazig, Ismailia and Port Said.
Feasibility Study to Re-operate Nasr Automotive Company
4/8/2013 - Military Production Minister Reda Mahmoud Hafez has highlighted the possibility of re-operating El-Nasr Automotive Company, especially because the company has the ability to work immediately.
Market Capital up by EGP1.3bn
4/8/2013 - The Egyptian Exchange main index increased during the trading session on 7/4/2013 backed by Egyptian institutions' purchases of leading and major companies. The market capital gained EGP1.3bn
New System for Land Allocation in Egypt
4/8/2013 - Minister of Investment Osama Saleh said the government will shortly reach a settlement with a number of investors who have problems in obtaining lands within the framework of the recent amendments int...

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