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Financials and Investment News in Egypt

Security Plan to Protect Egyptian Plants, Investment Zones
5/25/2013 - Investment Minister Yehia Hamed said on 24/05/2013 that he agreed with Minister of Interior Major General Mohamed Ibrahim on setting a plan to protect labor intensive plants and zones while providing ...
Ahmad El-Gizawy: New Strategy for Land Ownership
5/25/2013 - Minister of Agriculture and Land Reclamation Dr.Ahmad El-Gizawy revealed a new strategy for dealing with the State-owned lands during the next stage that are used for the purpose of agriculture. The n...
Yehia Hamed, CBE Governor Probe Boosting Investments
5/26/2013 - Minister of Investment Yehia Hamed conferred with Governor of the Central Bank of Egypt (CBE) Hisham Ramez on means of boosting cooperation and joint coordination between the ministry and the CBE to p...
CBE Governor Probe Boosting Investments
5/26/2013 - Minister of Investment Yehia Hamed conferred with Governor of the Central Bank of Egypt (CBE) Hisham Ramez on means of boosting cooperation and joint coordination between the ministry and the CBE to p...
Initiative for Producing 1st Egyptian Car
5/27/2013 - Minister of Military Production Reda Hafez has said that coordination is underway with the Ministry of Investment to manufacture a 100% Egyptian car, adding that negotiations are underway with several...
CA, IMF Discuss Develop Work System
5/28/2013 - The Customs Authority (CA) discussed with the delegation from the International Monetary Fund (IMF) the assistance and technical support, which the World Bank can contribute to develop the customs wor...
Agreement to Reconsider Bank Provisions Tax
5/28/2013 - Central Bank of Egypt (CBE) Governor Hisham Ramez said that he agreed with Finance Minister Fayyad Abdel-Moneim to reconsider the bank provisions tax. In statements following the economic ministerial ...
Egyptian Government is Seeking to Attract New Investments
5/28/2013 - Cabinet Spokesman Ambassador Alaa el-Hadidi said in a press statement that the meeting of the economic group headed by Prime Minister Dr. Hisham Qandil on 27/5/2013 focused on reaching a financial set...
CA, IMF Discuss Develop Work System
5/28/2013 - The Customs Authority (CA) discussed with the delegation from the International Monetary Fund (IMF) the assistance and technical support, which the World Bank can contribute to develop the customs wor...
Officials, Experts Differ on Impact of Ethiopia Dam Move on Egypt
5/28/2013 - Reactions on the part of Egyptian government officials, diplomats and experts varied regarding Ethiopia's decision to divert the course of the Blue Nile – one of the Nile River’s two major tributaries...
Egypt's Stock Market Gains with Orascom Deal Postponed
5/28/2013 - Egypt’s benchmark EGX30 index ended trading up by 1.66 percent to reach 5,407 points. The rise was triggered by the failure of Russia’s Altimo to secure a majority stake in Egypt-based Orascom Telecom...
Egyptian Cabinet Discusses Developing Gulf of Suez Axes
5/29/2013 - Minister of Investment Yehia Hamed asserted the necessity of activating and doubling investments in Sinai in the coming period in conformity with the state's policy in this respect. The Minister's rem...
Sinai New Investment Plan to be Announced in June
5/29/2013 - Investment Minister Yehia Hamed has underlined the importance of promoting and doubling investment activities in Sinai in accordance with the national policy that "attaches high priority to the develo...
Ethiopian Nile Move Drives Egypt's EGX30 Downward
5/29/2013 - Egypt stocks tumbled in the wake of Ethiopia's recent move to begin construction of a major dam on the Blue Nile, one of the Nile River's two main tributaries, raising fears regarding the move's poten...
EGP 20bn Rationalized in New Budget
5/30/2013 - Shura Council's Financial and Economic Affairs Committee will announce soon new budget rationalization procedures of EGP 20bn, said Shura MP Mohamed El-Fikky the head of the committee. He added that e...
Egyptian Finance Ministry Offers Bonds Worth $2.7 bn at Ireland Bourse
5/30/2013 - The Finance Ministry announced on 29/5/2013 that it auctioned bonds at Ireland Bourse with a total value of LE 2.7 billion with interest rate at 4.25%. In an online statement, the ministry said such a...
Bilateral Cooperation between Egypt and Sudan
6/1/2013 - The High Dam Port has been upgraded to cope up with the increasing movement of transport and trade exchange between Egypt and Sudan. The movement of exports and imports in the port reached nearly 20,0...
EGP 2 Billion for Setting up Global Lake in Sharm El-Sheikh
6/1/2013 - Work is currently under way for establishing the world’s biggest man-made lake in Sharm El-Sheikh at a cost of USD 2 billion. The Saudi investment project will comprise a multilayer garage, a mall, a ...
Russia's Altimo Says Has no Plan for New Orascom Telecom Offer
6/2/2013 - Russian firm Altimo said it had no plans to launch a new offer to buy out minority shareholders in Egypt's Orascom Telecom (OT) after the Egyptian financial regulator (EFSA) rejected its attempt to re...
EGP300mln for Railways Maintenance
6/3/2013 - Transport Minister Hatem Abdul-Latif disclosed that the ministry earmarked 300 million pounds for maintenance of the railway carriages and locomotives.

The minister stressed the necessity t...

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