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Financials and Investment News in Egypt

Success of Presidential Elections Supports June 30 Revolution
6/1/2014 - Prime Minister Ibrahim Mahlab asserted that the success of presidential elections and the Egyptians' will to choose their president has strengthened the June 30 revolution and will help Egypt restore ...
MPs of Mediterranean Countries Aware of Egypt’s Swift Steps Towards Democracy
6/2/2014 - Secretary General of the Federation of Egyptian Chambers of Commerce (FECC) Alaa Ezz said on Sunday that the MPs of the Mediterranean countries are aware of Egypt's swift steps towards political stabi...
Supply Minister to Partake in Logistics Global Forum
6/2/2014 - Minister of Supply Khalid Hanafy left Cairo on Monday 2/6/2014 for Spain to partake in the Logistics Global Forum.

The forum will tackle the latest technology in the field of logistics in o...
President Issues Decree to Allow Gold Exploration in Eastern Desert
6/3/2014 - Interim President Adly Mansour has issued a decree to allow oil and mineral resources ministry to explore for gold in several sites in the Eastern Desert.

The exploration will cover a total...
Tourists to Pay $25 when Leaving Egypt from Cairo Airport
6/5/2014 - Tourists returning home after a trip in Egypt will now be required to pay a $25 at Cairo International Airport, a tourism ministry official told Ahram Online.

Both Egyptians and foreigners...
CAPMAS: Generated Electricity up by 4.6% in 2012-2013
6/6/2014 - The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the total production of electricity generation has increased in 2012-2013 by 4.6% from 157.4 megawatts/hour in 2011-2012 to...
EGX Gains EGP 16.1 billion, Main Index up by 4.7%
6/6/2014 - The Egyptian Stock Exchange (EGX) achieved gains worth EGP 16.1 billion at closing on Thursday, backed by intensive purchases by investors and foreign funds.

Market capitalization recorded ...
Egyptian Government Approves 10-percent Pension Increase as of July
6/6/2014 - Minister of Social Solidarity Ghada Wali announced a 10% increase in pensions as of early next July in implementation of the Cabinet's decision.

"The new increase will be added to the total...
King Abdullah’s Initiative a Roadmap to Settle Economic Crisis in Egypt
6/6/2014 - Egypt's Minister of Trade and Industry Munir Fakhry Abdel-Nour has welcomed a call by Saudi King Abdullah Bin Abdel Aziz Al Saud to hold a conference of donors for supporting Egypt.

"This e...
Plan to Reclaim four million Feddans in three Years
6/7/2014 - Agriculture Minister Ayman Farid Abu Hadid said that the Ministry has prepared a plan to reclaim four million feddans over the next three years.

The plan will be implemented by the governme...
Egyptian-American-Ethiopian Talks about Cooperation in Energy
6/8/2014 - Egypt's Ambassador to Ethiopia Mohamed Edris said that meetings were held by Egyptian Electricity Minister Mohamed Shaker and both Ethiopian irrigation and energy minister and the US energy secretary ...
Egyptian Gov’t Keen on Developing Relations with China
6/10/2014 - Trade, Industry and Investment Minister Mounir Fakhri Abdel-Nour met on 9/6/20147 with Chinese Industry and Information Technology Minister Miao Wei.

During the meeting, they discussed ways...
Three New GAFI Branches to be Established during New Fiscal Year
6/14/2014 - Minister of Investment, Trade and Industry Munir Fakhry Abdel Nour said that three new branches of the General Authority for Investment (GAFI) will be opened during the 2014-2015 fiscal year.

...
Projects between Egypt, a US Energy Company at USD 100m Cost
6/14/2014 - Investment, Trade and Industry Minister Mounir Fakhry Abdel-Nour met with Oliver Misiner the Chairman of US Koncelio Group, specialized in projects to generate electricity from solar energy.

...
1st Automobile Industry Strategy is being Developed
6/16/2014 - Industry Minister Mounir Fakhri Abdel Nour said on 15/6/2014 that Egypt is qualified to be a regional center for automotive production.

Abdel Nour asserted that the first strategy for the a...
34 Ships Transit Suez Canal
6/16/2014 - Thirty-four vessels transited the Suez Canal on 15/6/2014 carrying a total cargo of around two million tons.

The south-bound convoy included 15 ships, carrying 743,000 tons and the north-bo...
Egypt appoints banker Ashraf Salman as investment minister
6/17/2014 - Egyptian Prime Minister Ibrahim Mehleb appointed veteran banker Ashraf Salman as investment minister, state-run news website al-Ahram said.

The decision to appoint a separate investment min...
Extra EGP 22 billion Allocated for Health and Education
6/21/2014 - Minister of Finance Hany Qadry Dimian said Egypt is moving steadily to establish the state of law and justice, and for such purpose the new budget allocates EGP 22 billion for health and education, in...
PM Mahlab, SCA Head Discuss Suez Canal Development Project
6/27/2014 - Prime Minister Eng. Ibrahim Mahlab held a meeting with Head of the Suez Canal Authority (SCA) Mohab Mamish to review the recent developments of the Suez Canal development project.

Mahlab re...
Urgent Solutions to Investors’ Problems
6/27/2014 - Prime Minister Eng. Ibrahim Mahlab emphasized the government's keenness on solving problems and removing obstacles facing the Arab and foreign investments in Egypt. He added that the Arab and foreign ...

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