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Financials and Investment News

Gov’t Starts Repaying Foreign Partners' Dues of Oil Projects
Egypt >> 3/24/2024 - Prime Minister Moustafa Madbouli has stressed that the State is keen on taking intensive actions on the dues of foreign petroleum companies working in Egypt through implementing a mechanism for repayi...
Exports of Non-Petroleum Goods Increased in Last Quarter of 2023
Egypt >> 3/27/2024 - Cabinet's Information and Decision Support Center (IDSC) said that the volume of the exports of non-petroleum goods during the last quarter of 2023 reached 8.7 billion dollar in comparison to 8.6 bill...
Pm Attends Inking of Deal to Build Flat Glass Plant in Sokhna
Egypt >> 3/27/2024 - Prime Minister Moustafa Madbouli attended the inking ceremony of a framework agreement between the Suez Canal Economic Zone (SCZONE) and Saint-Gobain Glass Egypt to establish a flat glass production p...
Pm Witnesses Inking of Contract for Establishing Silos Factory
Egypt >> 3/27/2024 - Prime Minister Moustafa Madbouli witnessed the inking of a contract for allocating a plot of land for establishing a factory for designing, manufacturing, and setting up silos in the East Port Said zo...
Cabinet Holds Its Weekly Meeting to Probe Several Important Files
Egypt >> 3/27/2024 - The Cabinet started its weekly meeting under Prime Minister Moustafa Madbouli at the government's premises in the New Administrative Capital (NAC) to probe a number of political, economic and social f...
Egypt Approves FY2024/25 Budget With Targeted EGP 6.4 Tln in Expenditures, EGP 5.05 Tln in Revenues
Egypt >> 3/27/2024 - Egypt’s cabinet has approved in its meeting the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives by the end of March, the cabinet said in a statement.

Duri...
Egypt, UN Implemented $178 Mln in Cooperative Development Programmes in 2023
Egypt >> 3/27/2024 - The Ministry of International Cooperation revealed highlights of 2023’s development cooperation programmes under the umbrella of the strategic partnership framework between Egypt and the United Nation...
EGP Current Price Is Golden Chance for 'Made in Egypt' to Compete Globally: Experts
Egypt >> 4/2/2024 - Experts say that Egyptian exports now have an opportunity to grow and compete globally due to the depreciation of the pound against the dollar.

In March, the Egyptian pound dropped against ...
Egypt's Nirs Reach $40 Bln in March - The Highest Since February 2022
Egypt >> 4/3/2024 - Egypt’s Net International Reserves reached $40.36 billion at the end of March 2024, the highest since February 2022, according to data released by the Central Bank of Egypt.

The increase is...
Wall Street Mixed Before The Bell Following The Worst Day for Markets in Weeks
Egypt >> 4/3/2024 - Wall Street shifted between small gains and losses in premarket trading, a day after anxiety over the potential for fewer interest rate cuts dragged markets to their worst day in weeks.

Dow...
Sczone Head: Zone Keen on Accelerating Emissions Cut in Industrial Sector
Egypt >> 4/3/2024 - Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), said the SCZONE seeks to encourage investors to manufacture products depending on green fuel.

...
Cabinet Holds Its Weekly Meeting in NAC, Discusses Number of Important Files
Egypt >> 4/3/2024 - Wall Street shifted between small gains and losses in premarket trading, a day after anxiety over the potential for fewer interest rate cuts dragged markets to their worst day in weeks.

Dow...
Imf Official Lauds Serious Reforms to Enhance Financial Stability in Egypt
Egypt >> 4/3/2024 - Alex Segura-Ubiergo, the IMF's Resident Representative in Egypt, lauded serious reforms introduced by the Egyptian government to enhance financial stability and the investment climate.

At a...
Maait: State Moving on Integrated Paths to Improve Egypt’s Economy
Egypt >> 4/4/2024 - Minister of Finance Mohamed Maait said state is taking integrated paths to improve and strengthen Egypt’s economic situation.

In a statement issued today, Maait said such improvements const...
Canon and Kidzania Cairo Join Hands to Empower Egyptian Youth With Immersive Learning Environment
Egypt >> 4/7/2024 - Canon Central and North Africa recently announced its partnership with KidZania Cairo to establish a Canon Photography Studio at KidZania in Cairo, Egypt to offer children aged 8-14 a unique experienc...
Egypt Released $8 Bln in Imported Goods Since March: Finance Minister
Egypt >> 4/13/2024 - Minister of Finance Mohamed Maait said Egypt released imported goods worth $ 8 billion between March and April 2024.

In a statement released on Friday, the minister said there is "permanent...
EU Pledges Egypt €1 Billion in Financial Aid
Egypt >> 4/13/2024 - The EU pledged, Friday to provide Egypt with €1 billion in short-term financial aid to help stabilize the country's economy.

The 1 billion euros in short-term aid is part of a bigger packag...
Finance Minister: State to Prioritize Human Development in Next 6 Years
Egypt >> 4/13/2024 - Finance Minister Mohamed Maait said that the state will give a top priority for increasing financial allocations for human development throughout the upcoming six coming years, as of the new fiscal ye...
Planning Ministry Issues Report on Gov't Performance Improvement Project
Egypt >> 4/14/2024 - Ministry of Planning and Economic Development has issued a report on government performance improvement project pursued in cooperation between the ministry and the Administrative Prosecution Authority...
Maait Talks About Int'l Applause for Egypt's Economic Indicators
Egypt >> 4/14/2024 - Finance Minister Mohamed Maait said there is an international praise for the success of the Egyptian economy in achieving indicators over the past nine months better than what was targeted despite the...

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