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Financials and Investment News in Egypt

Egypt Foreign Currency Reserves Hit $18.8bn in July
8/6/2013 - The Central Bank of Egypt (CBE) said on 8/5/2013 that the country's foreign currency reserves were up 26% by four billion dollars to reach 18.88 billion dollars in July compared with 14.92 billion dol...
Financing Projects of Reducing Industrial Pollution
8/7/2013 - State Minister of Environment Affairs Layla Eskandar had cooperation talks on 7/8/2013 with the World Bank (WB) delegation.

The delegation’s visit to Egypt, led by Charles Cormier, the Sect...
Suez Canal Records Highest Traffic since its Opening
8/10/2013 - Suez Canal Authority Chief Mohab Mamish said that 68 vessels carrying 4.8 million tons of goods transited the Suez Canal waterway, scoring the highest daily traffic since its inauguration 114 years ag...
Egypt to Return to ’Business as Usual’ Soon
8/18/2013 - Egypt’s cabinet is confident that Egypt’s security situation will improve quickly, and it will strive to restore business as usual, Minister of Industry and Foreign Trade Mounir Fakhry Abdel-Nour said...
Egyptian Chairman of General Authority for Exports Arrives to Sana'a
8/20/2013 - The Egyptian Chairman of the General Authority for Exports and Imports Control Mohamed Alaa El Din Abel Karim arrived to Sana'a in an official visit for few days.

The Egyptian official made...
$ 2.6 million in S. Korean Grant to Egypt
8/22/2013 - Minister of International Cooperation, Ziad Bahauddin, signed a mutual letter with South Korean Ambassador to Egypt Yong- so Kim by whom Egypt will get a Korean charitable grant of $ 2.6 million to fi...
Finance Ministry: Egypt Appreciates Arab Aid
8/22/2013 - Finance Minister Ahmed Galal said that Egypt extols the financial and moral support of Saudi Arabia, the United Arab Emirates and Kuwait for Egypt.

At a meeting with several reporters of fo...
Egyptian Bourse Gains LE 1.8 billion
8/22/2013 - Indices of the Egyptian Exchange (EGX) shut on 21/8/2013 session collectively up backed by wide purchases by investors and growing expectations of stable political conditions and a decrease in protest...
600 Pieces of Land Secured in Tenth of Ramdan City
8/23/2013 - Trade and Industry Minister Mounir Fakhri Abdel-Nour said there are 600 pieces of land have been secured in the Tenth of Ramdan City.

Minister Abdel-Nour explained that the ministry seeks...
FECC to Support Stores Affected during Recent Incidents
8/23/2013 - The Federation of Egyptian Chambers of Commerce (FECC) decided to implement programs to support stores affected during the recent incidents, Trade and Industry Minister Mounir Fakhri Abdel-Nour said o...
PM: Chambers of Commerce Play "Crucial" Role in Achieving Stability in Markets
8/23/2013 - The chambers of commerce play a crucial role in achieving stability in the market and providing commodities with the required specifications, affirmed Prime Minister Hazem el-Beblawy.

Durin...
Snap Plans to Finalize Upgrading Cairo Airport
8/26/2013 - Minister of Civil Aviation Abdel-Aziz Fadel said an emergency plan was laid down to finalize development works at Cairo International Airport and other Egyptian airports and companies affiliated to th...
LE 600 billion with Banks Waiting for Investors
8/26/2013 - Banks chairmen voiced readiness that the banking system is ready to finance mega development and investment ventures envisaged in the program to be announced by the government within days within the f...
LE 10 bn Governmental Investments to Boost Economy
8/28/2013 - Minister of Planning Asharf El-Araby said that a new economic plan would be announced soon in the next meeting of the cabinet.

He added that the new economic plan aims at boosting investmen...
Industrial Map in Egypt to be Unveiled Next Week
8/31/2013 - Minister of Trade and Industry Mounir Fakhry Abdel Nour said the industrial map is to be unveiled in the next week for helping investors seeking to do business in Egypt.

"The ministry is se...
EGP 10 billion Investments to Cope with Increase in Power Loads
8/31/2013 - Minister of Electricity and Energy Ahmed Emam said that some EGP 10 billion will be allocated for implementing urgent projects for enhancing the power grid before the coming summer. This, in addition ...
EGP 330mln Losses in Egypt due to Violence
9/1/2013 - Minister of Local Development Adel Labib said that about EGP330mln of losses were sustained by many governorates in Egypt due to acts of violence and arson.

He said these governments are: C...
Egyptian Government Seeks Restoring Confidence of Investors
9/1/2013 - Minister of Trade and Industry Munir Fakhry Abdel Nour asserted that restoring the Egyptian and foreign investors' confidence in Egypt's economy and removing any obstacles impeding their projects come...
US, Italian, French Business Councils Re-formed
9/7/2013 - Minister of Trade and Industry Munir Fakhry Abdel Nour issued three decisions re-forming the Egyptian side in the Egyptian-US, Egyptian-Italian and Egyptian-French business councils with the aim of ac...
Egypt doesn’t Need IMF Loan Now
9/17/2013 - Deputy Prime Minister and International Cooperation Minister Ziyad Bahaa Eddin said Egypt is not in urgent need to sign now an agreement with the International Monetary Fund (IMF) to get an aspired lo...

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