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Financials and Investment News in Egypt

Egypt, Jordan PMs Witness Inking of 9 Cooperation Agreements
2/12/2014 - Prime Minister Hazem el-Biblawy and his Jordanian counterpart Abdullah Ensour on 11/2/2014 witnessed the inking of nine cooperation agreements in the fields of trade, culture, tourism and economy.
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Industry Minister Heads for US to Reinforce Economic Cooperation
2/12/2014 - Trade and Industry Minister Mounir Fakhri Abdel-Nour is scheduled to hold talks with US officials and business organizations on the political landscape in Egypt as he has started a visit to Washingt ...
WB Expects Egypt’s GDP Growth Rate to up to 3.5%
2/12/2014 - The World Bank (WB) expected the increase of the growth rate of Egypt's gross domestic product (GDP) to 3.5 percent by the end of the current Fiscal Year (FY) to end in June of 2014.

The WB...
‘IDB’ Allocates EGP 1.4 bn for West Damietta Power Plant
2/17/2014 - The Islamic Development Bank (IDB) will offer 1.4 billion Egyptian pounds to finance the project of upgrading West Damietta power plant, Electricity Minister Ahmed Imam said on 16/2/2014.

T...
Rights of Pensioners Guaranteed by Government
2/19/2014 - Prime Minister Hazem el-Biblawy said on 18/2/2014 that rights of pensioners are guaranteed by the government.

At a meeting with chief editors of Egyptian press institutions, he said that th...
$100mn from Italy to Finance Education, Agriculture
2/19/2014 - Planning Minister Ashraf al-Arabi considered with Italian Ambassador in Cairo Maurizio Massari facets of future cooperation.

They discussed the projects that would be carried out within the...
Egypt, Iraq Reach Agreement on Establishing Water Projects
2/22/2014 - Irrigation Minister Mohamed Abdel-Motaleb announced an agreement between Egypt and Iraq on carrying out water projects and joint research programs between the two countries.

Abdel-Motaleb a...
16,596 Ships Transited Suez Canal Last Year
3/1/2014 - Suez Canal's maritime route received 16,596 ships in last year, against 17,224 in 2012, with a decrease of 3.6%.

In addition, official statistics of Suez Canal Authority referred to a decre...
Egyptian Exchange Gains EGP 40 billion in February
3/1/2014 - The Egyptian Exchange (EGX) market capital gained EGP 40 billion in February to hit EGP 491.8 billion.

During the course of the month, the benchmark index EGX 30 increased by 9.75% to hit 8...
Foreign Reserves with CBE up
3/3/2014 - An increase was attained in Egypt's foreign reserves, and its size will be announced within days, said Governor of the Central Bank of Egypt Hisham Ramez.

During a press conference held fol...
57 Vessels Transit Suez Canal
3/5/2014 - Fifty-seven vessels passed through the Suez Canal on 4/3/2014 carrying a total cargo of 3.046 million tons.

The south-bound convoy of 31 ships had a cargo of 1.908 million tons while the c...
Abdel-Nour, British Minister Discuss Boosting Bilateral Cooperation
3/5/2014 - Egypt's Trade and Industry Minister Mounir Fakhri Abdel-Nour met with British Minister of Energy Michael Fallon to discuss means of boosting bilateral cooperation.

Abdel-Nour, currently vis...
Cabinet Decree to Re-Form SFD
3/5/2014 - Prime Minister Ibrahim Mehleb issued a decree on 4/3/2014 to re-form the board of directors of the Social Development Fund (SFD).

Under the new form, the SFD includes as members the ministe...
Egyptian-Jordanian Exhibition for Marketing to Take Place in March
3/10/2014 - As part of the Egyptian Embassy's efforts to promote Egyptian products in Jordan, an Egyptian-Jordanian exhibition for marketing will take place in Amman on March 15-17.

Dalia Tharwat, the ...
Mohamed Shaker Denies Reports on Increase of Power Bills
3/10/2014 - Minister of Electricity and Renewable Energy Mohamed Shaker denied reports on an increase in power bills.

In statements on 9/3/2014, Shaker stated that any increase in the power prices shou...
Red Sea Governor Discusses Plan for Upgrading Halayeb
3/10/2014 - Red Sea Governor Major General Ahmed Abdullah held a meeting on 9/3/2014 with chiefs of the urban planning directorates to present their final outlines for the urban planning of New Halayeb City after...
FM Urges Japan’s Media to Give Accurate Picture of Egypt
3/11/2014 - Ambassador to Japan Hesham el-Zemeti urged the Japanese media to give an accurate picture about Egypt’s situation, especially after it regained its stability and security.

This came during ...
Ibrahim Mehleb Attends Signing Protocol for Purchasing 150 Buses
3/12/2014 - Prime Minister Ibrahim Mehleb attended on 11/3/2014 the signing ceremony of a protocol for purchasing 150 public transportation buses between Cairo City Hall and the Engineering Company for Car Manufa...
Dr. Ashraf El-Araby Follows up Implementing Investment Projects in Ismailia
3/15/2014 - Minister of Planning and International Cooperation Dr. Ashraf El-Araby said that his tour for a number of projects in Ismailia Governorate comes within the framework of following up implementation of ...
Egypt Keen to Boost Relations with Sudan
3/18/2014 - Minister of Industry, Trade and Investment Mounir Fakhry Abdel-Nour started on 17/3/2014 a two-day visit to Khartoum along with a businessmen delegation.

In a press conference, Abdel-Nour s...

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