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Financials and Investment News in Egypt

Egypt to Allocate $570m for Power Linkage with SA
6/3/2013 - Ministry of Electricity Spokesman Aktham Abou el-Ela said that Egypt signed an agreement with Saudi Arabia to link their power grids.

He said that each country will shoulder the local cost ...
Egyptian-Chinese Investment Cooperation Probed
6/5/2013 - Minister of Investment Yehia Hamed conferred on 4/6/2013 with Chinese Ambassador to Egypt Song Aiguo on means of developing and doubling the Egyptian-Chinese cooperation in the field of investment.
Qandil Discusses Projects f Power Plants, Water Stations
6/5/2013 - Prime Minister Hisham Qandil held on 4/6/2013 a meeting with a delegation of Saudi businessmen on means of boosting bilateral cooperation along with upgrading the capacity of existing power plants in ...
Egyptian Cabinet Approves Cooperation with Germany
6/6/2013 - The Cabinet on 5/6/2013 approved a Presidential draft decree on an agreement between Cairo and Berlin on April 28 about the 2011-2012 financial cooperation.
Egyptian-European Discussions on Creating Free Trade Zone
6/7/2013 - Cairo has hosted recently meetings between Egypt and the European Union (EU) on considering the EU initiative on improving joint commercial relations with Mediterranean states aiming at creating a com...
France Seeks Investing in Suez Canal Project
6/7/2013 - The French side is keen on investing in the Suez Canal Axis Development Project, affirmed Egypt's Industry and Foreign Trade Minister Hatem Saleh.

In an interview with MENA correspondent in...
PM Reviews Border Projects between Egypt, Sudan
6/7/2013 - Prime Minister Hisham Qandil held a meeting on 06/06/2013 to review road and border projects between Egypt and Sudan.

The meeting, which tackled progress in work at both Qustul/Ashkit and A...
Egyptians Loans will not Last for Long
6/7/2013 - Egypt will not remain seeking loans for long, Minister of Planning and International Cooperation Amr Darrag said, promising that Egypt's requests to get foreign grants and loans are part of a temporar...
Egypt, Romania Discuss Financing Agricultural Projects
6/9/2013 - Meetings of the Egyptian-Romanian Business Council kicked off 8/6/2013 in Bucharest with the aim of boosting economic relations between the two countries.

Discussions tackled means of Egypt...
IDSC: $ 346 million Gulf Investments in Egypt
6/11/2013 - Chairman of the Cabinet Information and Decision Support Centre (IDSC) Yasser Ali said that Egypt endeavors to boost mutual relations with the Gulf Cooperation Council (GCC) states at both the officia...
Egypt, Hungary Probe Bilateral Ties
6/11/2013 - Assistant Foreign Minister for European Affairs Hatem Seiful-Nasr met on 10/6/2013 with visiting Hungarian State Secretary for External Economic Relations and Foreign Affairs Peter Szijjarto.

...
Egypt bourse gains EGP 2bn, main index up 1.17%
6/14/2013 - Egypt's stock indexes managed to recoup part of their severe losses incurred during Wednesday caused by Morgan Stanley Foundation's announcement that it might have to remove the EGX from its index of ...
Suez Canal Revenues Hit $438.1 million in May
6/14/2013 - Suez Canal revenues hit $438.1 million in May compared with $434.6 million in the same month last year.

Last month, a number of 1,431 vessels crossed the waterway carrying a combined cargo ...
EGP65.5bn in Value of Egyptian Exports
6/15/2013 - Minister of Industry and Foreign Trade Eng. Hatem Saleh said the volume of Egypt's non-petroleum exports increased by 15 percent during the first five months of this year to record EGP65.498 billion c...
Investment Minister: 30 June Protests Worries Exaggerated
6/19/2013 - Investment Minister Yehia Hamed said that worries over protests planned by activists for 30 June are exaggerated, noting that investments inside Egypt are safe. In a press conference, the minister ...
Egypt Balance-of-Payments Deficit Down $9 bn
6/19/2013 - Egypt's balance of payments deficit narrowed dramatically to $2.1 billion in the first nine months of the current 2012/13 fiscal year, down from $11.2 billion in the same period one year earlier, the ...
Egypt to Buy Foreign Wheat before End-December
6/23/2013 - Egypt will buy wheat in the international market before the end of December, the vice chairman of the state grain buyer said, clarifying previous statements by the supplies minister.

The m...
Mohamed Amr Underlines Egyptian Support for The Syrian People
6/23/2013 - Foreign Ministry Spokesman Badr Abdel-Atti said that Foreign Minister Mohamed Amr participated in the Friends of Syria meeting held in the Qatari capital Doha.

He added that the meeting dis...
Yahiya Hamed: Investors’ Funds are Intact
6/25/2013 - Minister of Investment Yahiya Hamed send a message of assurance to foreign investors in Egypt, saying the government will not allow the investments, whether foreign, Arab or local, to be harmed.
Egyptian FM Visits Algeria to Attend Meetings
6/27/2013 - The spokesman for the Foreign Ministry said that Foreign Minister Mohamed Amr is due to start a visit to Algeria later on 27/6/2013 to hold important talks with his Algerian counterpart Mourad Medelci...

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