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Financials and Investment News in Egypt

Economic Media Plays Important Role in Supporting Leaders
4/16/2013 - Minister of Information Salah Abdel Maksoud said that economic media has an important role to play in reassuring citizens. Abdel Maksoud urges the citizens to give time for the political leadership an...
Urgent Projects for Improving Living Standards in Egypt
4/16/2013 - Prime Minister Hisham Qandil witnessed on 15/5/2013 the signing of a contract to finance a number of labor-intensive projects between the Social Fund for Development and the Ministries of Housing, Irr...
Investment Delegations Visits Good Indicator of Economy’s Recovery
4/17/2013 - Finance Minister Dr. Al-Morsi Hegazi said that the Egyptian economy progress quickly towards recovery and this matter is felt by the international business community. Last week, Egypt received investm...
Egypt-IMF Negotiations 'Haven't Failed': Presidency
4/17/2013 - Negotiations between Egypt and the International Monetary Fund have not failed, the president's office said after an IMF delegation left Cairo without agreement on a $4.8 billion loan needed to ease a...
Turkey to Give Egypt Rest of $2 bln Loan within 2 Months
4/17/2013 - Turkey will transfer the remaining $1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said.

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Egyptian-Turkish Exchanges Will be Linked in September
4/18/2013 - The Egyptian and Turkish Exchanges will be linked in September this year, said Deputy Chairman of the Egyptian Stock Exchange (ESE) Khaled Nashar on 17/4/2013. He added that most of the steps required...
Companies Operating in Egypt Offered to Pay Taxes in US Dollar
4/20/2013 - Minister of Finance Al-Morsy Hegazy said the income and sales tax proceeds since the beginning of the current fiscal year till mid April increased by 20 percent, compared with the same period last yea...
Russia to Contribute to High Dam Development
4/20/2013 - Egypt asked Russia to send an expert team to improve the efficiency of the High Dam, said Electricity Minister Ahmed Imam. A development plan for the High Dam is expected after the Russian experts vis...
Morsi’s Visit to Russia Revived Talks on Trade Liberalization
4/20/2013 - President Mohamed Morsi's visit to Russia has revived negotiations on trade liberalization between the two countries, said Egyptian Foreign Trade Minister Hatem Saleh. Negotiations on trade linearizat...
Egyptian Grant for Establishing Three Ventures in South Sudan
4/21/2013 - Minister of Water Resources and Irrigation (WRI) Mohamed Bahaa Eddin said that Egypt will continue extending assistance and support to the people and government of South Sudan despite the tough circum...
Lagarde: IMF Continues Talks on Egypt’s Loan
4/21/2013 - International Monetary Fund (IMF) Managing Director Christine Lagarde asserted in statements on the sidelines of the annual meetings in Washington on 20/4/2013 that the fund along with other internati...
9 Ministers, 7 Governors Discuss Sinai Development
4/22/2013 - Minister of Scientific Research Nadia Zakhari stressed the ministry is working hard to maximize the benefits of researches and scientific studies and to realize progress in Egypt in general and in Sin...
Egypt has not Requested Loan from Russia
4/22/2013 - Egypt has denied that it requested a loan from Russia during President Mohamed Morsi's recent visit to that country, according to a press statement issued on Monday.

In a briefing on the r...
Deal between IMF & Egypt Soon
4/23/2013 - Governor of the Central Bank of Egypt (CBE) Hisham Ramez said on 22/4/2013 that a deal between the Egyptian government and the International Monetary Fund (IMF) billion is expected to be finalized soo...
OCI Shares Suspended Over Tax Dispute
4/23/2013 - Trading in shares of Orascom Construction Industries (OCI), Egypt’s biggest private construction firm, was suspended after the stock exchange demanded detailed updates of the company's tax dispute wit...
Sales Tax draft Law Includes 6 Commodities
4/29/2013 - Finance Minister Adviser Abdallah Shehata confirmed that sales tax draft law presented to Shura Council includes 6 basic commodities only. Shehata denied, in “Hona Al-Asema” TV program in CBC channel ...
Egyptian Government Keen on Combating Monopoly
4/29/2013 - Industry and Foreign Trade Minister Hatem Saleh said on 28/4/2013 that the government is keen on combating any monopoly in the domestic market, adding the ministry is laying down an integrated industr...
Arabi: €200 million loan from EU
4/29/2013 - Planning and International Cooperation Minister Ashraf el-Arabi met with Head of EU Delegation in Cairo Ambassador James Moran, where they discussed cooperation between Egypt and the EU in various sec...
Egyptian-Spanish Agreement to Build 3 Tunnels
4/29/2013 - Prime Minister Hisham Qandil attended on 28/4/2013 the signing ceremony of an agreement between Egypt and Spain to build three tunnels in Suez Canal area. The deal, signed by Egypt's National Authorit...
Hisham Qandil Lays Foundation Stone for Largest Industrial Compound
4/30/2013 - Within the framework of Government’s interest for pushing production wheel in the new industrial cities and removing the obstacles, Prime Minister Hisham Qandil laid the foundation stone of the first ...

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