Egypt Zones accountACCOUNT

Financials and Investment News

Supply Min.: Egypt's Reserve of Strategic Commodities at Highest Rates
Egypt >> 7/18/2024 - Minister of Supply and Interior Trade Sherif Farouk asserted that Egypt's reserve of strategic and supply goods, especially wheat, reached its highest rates in the past period.

In statement...
EGP 8.25bln Revenues of SCZONE
Egypt >> 7/18/2024 - Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamal el Din announced the success of the SCZONE to achieve total revenues of EGP 8.25 billion in the fiscal year 2023/202...
Planning Ministry Keen on Boosting Cooperation With France
Egypt >> 7/18/2024 - Planning Minister Rania el Mashat asserted her ministry's keenness on increasing cooperation with the French side in light of the state's attention in the coming period to the prioritized files, toppe...
International Co-Op And Investment Ministers Meet to Discuss Strategies to Attract Fdis
Egypt >> 7/21/2024 - Underscoring the government's commitment to improving the investment environment and fostering sustainable growth across key sectors, Minister of International Cooperation, Rania Al-Mashat, met with M...
Investment Min.: We Are Focused on Enhancing Service System for Exporters, Importers
Egypt >> 7/21/2024 - Foreign Trade and Investment Minister Hassan EL Khatib reaffirmed the ministry’s commitment to boosting the service system for exports and imports through applying the latest international standards w...
CBE: External Debt Witnesses Largest Historical Decline
Egypt >> 7/22/2024 - A high-ranking official at the Central Bank revealed that Egypt’s external debt declined to record 153.86 billion US dollars at the end of May 2024, compared to 168.03 billion US dollars at the end of...
Egyptian-Saudi Power Linkage Project to Commence Operation in Summer 2025: Ministry
Egypt >> 7/22/2024 - Cairo and Riyadh agreed to do what is necessary to start operating the power linkage grid project between the two countries in the summer of 2025, according to a statement by the Minister of Electrici...
MSMEDA Invests EGP 647m in New Valley Over Almost 10 Years
Egypt >> 7/22/2024 - The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has allocated a total of EGP 647m to New Valley between July 2014 and May 2024.

This funding supported over 11,000 dive...
Supply Minister, FRA Chairperson Discuss Strategies to Enhance Commodity Market
Egypt >> 7/22/2024 - Minister of Supply and Internal Trade, Sherif Farouk, met with the Chairperson of the Financial Regulatory Authority (FRA), Mohamed Farid, at the ministry’s headquarters in the New Administrative Capi...
Egypt Ready to Help Deepen Economic Integration Among African Countries: PM
Egypt >> 7/22/2024 - Prime Minister Mostafa Madbouli said Sunday Egypt is ready to help deepen economic integration among African countries and promote development efforts to improve life for all people across the contine...
Al-Mashat Reviews NIB’s Role in Boosting Egypt’s Economy
Egypt >> 7/23/2024 - Egypt’s Planning and Economic Development Minister Rania Al-Mashat has underlined the crucial role of the National Investment Bank (NIB) in driving Egypt’s economic growth and development.

...
Egypt Has The Potential to Transform Into Commercial, Production Hub
Egypt >> 7/23/2024 - UAE Ambassador to Egypt Mariam Khalifa AlKaabi said Egypt has the potential to transform into a commercial and production hub to cover the needs of the European and African markets.

lkaabi ...
Al-Mashat Reviews NIB’s Role in Boosting Egypt’s Economy
Egypt >> 7/23/2024 - Egypt’s Planning and Economic Development Minister Rania Al-Mashat has underlined the crucial role of the National Investment Bank (NIB) in driving Egypt’s economic growth and development.

...
Egyptian Deputy PM, U.S. Embassy Discuss Cooperation in Green Industries
Egypt >> 7/23/2024 - Deputy Prime Minister for Industrial Affairs Kamel al-Wazir met with U.S. Ambassador Hero Mostafa to discuss bolstering American investments in the sectors of new and renewable energy, green hydrogen,...
Egypt Water Projects Receive 19% of Concessional Development Financing: Minister
Egypt >> 7/23/2024 - Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt, said Minister of Planning, Economic Development, and Int...
PM: Presidential Directives to Swiftly End Electricity Crisis
Egypt >> 7/25/2024 - Prime Minister Moustafa Madbouli highlighted presidential directives on the importance of swiftly putting an end to the electricity crisis, especially reducing the duration of power cuts.

H...
WB Chief Affirms Keenness on Promoting Partnership With Egypt
East Timor >> 7/27/2024 - President of the World Bank (WB) Group Ajay Banga affirmed keenness on promoting partnership with Egypt during the upcoming period, in line with priorities of the newly-appointed government toward boo...
WB Supports Local Development Ministry's Efforts, Promotes Future Partnerships
Egypt >> 7/27/2024 - Spokesman for the Local Development Ministry Khaled Qasim said the ministry had received a letter from Country Director of the World Bank (WB) for Egypt, Djibouti and Yemen Stephane Guimbert, which is...
Egypt’s External Debt Decreases By $14 Billion in 5 Months
Egypt >> 7/27/2024 - Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the end of last year, according to an official statement quoting an anonymous central bank off...
PM Inspects Finalized Units pf "Latin District" in New Alamein City
Egypt >> 7/27/2024 - Prime Minister Moustafa Madbouli has directed accelerating finalization of the "Latin District" in New Alamein city and handing over its housing units according to the predetermined timetable.

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