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Financials and Investment News

GAFI CEO Says Diversity of Economy, Investment Systems Protect Egypt Against Future Risks
Egypt >> 6/3/2024 - CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said that the diversity of Egyptian economy and investment systems have succeeded in protecting the national economy agai...
Egypt, Hungary Mulls Stepping Up Cooperation on AI, Modern Technologies
Egypt >> 6/3/2024 - Minister of Communication and Information Technology Amr Talaat reviewed joint cooperation aspects with Hungary during a meeting with Hungary’s Minister of National Economy Márton Nagy and his accompa...
Egyptian Transport Min., New Sudanese Amb. Talk Ways ot Boosting Bilateral Relations
Egypt >> 6/4/2024 - Egyptian Minister of Transport Ambassador First Lieutenant General Kamel el-Wazir and Imad Al-Din Mustafa, the new Ambassador of the Republic of Sudan, discussed ways to strengthening bilateral relati...
Egyptian, Hungarian Ministers Talk Fruitful Cooperation in Transport Sector
Egypt >> 6/4/2024 - Egyptian Minister of Transport Lieutenant General Engineer Kamel Al-Wazir, held an expanded meeting with Marton Nag - Minister of National Economy of Hungary, where they discussed fruitful cooperatio...
Finance Minister Says New Budget to Focus on Health, Education, Social Protection
Egypt >> 6/4/2024 - Finance Minister Mohamed Ma’eit said that the 2024-2025 budget will mainly be allocated for human development in terms of health and education.

This is part of a strategy meant to build Eg...
PM Keen on Successful Gold Investment Funds
Egypt >> 6/4/2024 - Prime Minister Moustafa Madbouli said Tuesday that his government is keen on rendering the Egyptian experiment with gold investment funds successful.

A legislative framework is needed to re...
Egypt’s Int’l Reserves Hit Highest Point In 4 Years
Egypt >> 6/4/2024 - Egypt’s net international reserves (NIRs) hit its highest point in more than four years (50 months) to reach $46.1 billion in May, up from $41 billion in April, the Central Bank of Egypt revealed.
...
GAFI to Work With Advisory Council to Support Entrepreneurship in Egypt
Egypt >> 6/9/2024 - CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said that his authority is seeking to promote the culture of entrepreneurship within the government system.

GA...
Egypt Supports Establishing Continental Platform for Innovative Financing
Egypt >> 6/9/2024 - Egypt is keen to support the Africa Centres for Disease Control and Prevention initiative, which aims to establish a continental platform for dialogue on mechanisms for innovative financing of the hea...
Egypt, EU Probe Private Sector Guarantees Ahead of Investment Conference
Egypt >> 6/9/2024 - Egyptian Minister of International Co-operation Rania al Mashat, on Sunday 9 June, 2024, discussed with Directorate-General Neighborhood and Enlargement Negotiations (NEAR) Negotiations at the Europea...
Agriculture Minister: Egypt Comes in 1st Rank in Fisheries in Africa
Egypt >> 6/9/2024 - Minister of Agriculture el Sayyed el Qusair asserted that Egypt comes in the first rank in the field of fisheries in Africa and the 6th globally.

There are a number of major national projec...
US Fed Likely to Remain on Pause And Pare Back Rate Cut Expectations
Egypt >> 6/9/2024 - The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic dat...
Egypt Finances Acquisition of Local Wheat By LE 44B
Egypt >> 6/10/2024 - Egypt has provided LE 44 billion thus far to fund the acquisition of locally grown wheat from farmers, Minister of Finance, Mohamed Maait said.

This action reflects Egypt's commitment to bo...
Egypt Reduces Total Deficit to 3.6% in Period From July to May 2024
Egypt >> 6/11/2024 - In the period from July to May 2024, Egypt achieved a primary surplus of LE 822 billion, equivalent to 5.87 percent of the gross domestic product (GDP), Minister of Finance, Mohamed Maait said.
PM Attends Launch of 1st NDB Seminar
Egypt >> 6/11/2024 - Prime Minister Moustafa Madbouli witnessed the launch of the first seminar of the New Development Bank (NDB) in Egypt.

The two-day seminar is hosted by Egypt in the New Administrative Capit...
Egypt Important to The Global Economy And Ready for An Integrated Financial Economy
Egypt >> 6/11/2024 - Egypt, with its geographical location, acts as a gateway between Asia and Africa and is a crucial corridor for global trade, underscoring its importance in the global economic system, said President o...
Egypt to Receive Rehabilitated Iconic Tahrir Complex Building in 2024: NOUH Board Member
Egypt >> 6/11/2024 - The repurposing project of the iconic Tahrir Complex building (or Mogamma El-Tahrir) in Down Town is anticipated to conclude in 2024 after 31 months of work, according to Board Member of the National ...
Egypt Merchandise Exports Up By 9.8% in First 5 Months of 2024
Egypt >> 6/18/2024 - Egypt’s non-oil exports from January to May 2024 reached $16.5 billion, up from $15.4 billion in the same period of 2023, marking a 9.8 percent increase, Minister of Trade and Industry Ahmed Samir sta...
Egyptian Exports to U.S. Grow By 34.5% in Q1 of 2024
Egypt >> 6/18/2024 - The Central Agency for Public Mobilization and Statistics released a report Monday indicating that Egyptian exports to the United States grew by 34.5 percent in the first quarter of 2024, recording $5...
E-Payment, Collection Services in Egypt Rise io EGP 2,5 Tln in 1st 11 Months of FY23/24
Egypt >> 6/23/2024 - The value of e-payment and collection services in Egypt grew by 19 percent to EGP 2.5 trillion during the first 11 months of the current FY2023/2024, which ends on 30 June, up from EGP 2.1 trillion du...

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