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Financials and Investment News in Egypt

Ibrahim Mahlab Discusses Activating "Long Live Egypt" Fund
7/15/2014 - Prime Minister Ibrahim Mahlab held a meeting with the cabinet's economic team and a number of businessmen to activate the "Long Live Egypt Fund" (Tahya Misr) and outline the fund's strategic and legal...
Sisi Stresses Importance of Price Control
7/17/2014 - President Abdel Fattah al-Sisi met on 16/7/2014 with Supply Minister Khalid Hanafy, said Presidential Spokesman Ehab Badawy.

They reviewed the bread production system along with government ...
European Bank Allocates $50m to Investment Projects in Egypt
7/17/2014 - Hildegard Gacek, director of the southern and eastern Mediterranean department of the European Bank for Reconstruction and Development, said the bank is looking forward to cooperate with the Egyptian ...
Egyptian Government May Raise Fertilizer Prices in October
7/17/2014 - Official sources said the government is discussing a dispute between the ministries of agriculture and trade over raising prices of the production and distribution of fertilizers.

The sourc...
Egyptian Govt will not Go Back on Raw Materials Export Ban
7/17/2014 - Mounir Fakhry Abdel Nour, minister of industry, trade and small and medium enterprises, said the government will not go back on the raw materials export ban, adding that the government will provide al...
Railway Authority Losses Estimated at LE3 Bn
7/17/2014 - The total losses of the National Railway Authority in 2014-2015 are estimated at LE3 billion.

The authority’s designated budget is LE17.3 billion.

Expenses and costs reached L...
Economic Reform will Yield Positive Results
7/17/2014 - Finance Minister Hani Qadry said that the recent fiscal reforms will yield positive results in raising expectations about economic growth internationally.

Egypt took several economic measu...
Mehleb Instructed State Bodies to Reduce Expenditures
7/20/2014 - Prime Minister Ibrahim Mehleb has instructed all government bodies and ministries to reduce expenditures starting July as part of the Cabinet's austerity policies, a Cabinet official source told Al-Ma...
Sisi Reviews Reclamation of 4 million Feddans
7/21/2014 - President Abdel Fattah El Sisi held a meeting on 20/7/2014 with Prime Minister Ibrahim Mahlab and a host of ministers to discuss a planned reclamation project of four million feddans in Sinai and Upp...
Sisi Discusses Integrated Plan to Develop, Establish New Roads
7/22/2014 - President Abdel Fattah al-Sisi convened on 21/7/2014 with Prime Minister Ibrahim Mahlab and the ministers of defense and military production, interior, planning, local development, petroleum, housing,...
A company for Public Transportation to be Formed at EGP 1 billion Capital
7/25/2014 - The government is currently drawing up an integrated plan to secure radical solutions to the transportations' crisis nationwide after Eid Al-Fitr.

Such a plan came within the framework of t...
$500M Loan to Connect 1.5m Households in Egypt to Natural Gas
7/25/2014 - The World Bank’s Board of Directors Friday approved a loan of US$500 million for a project aimed to expand natural gas access to 1.5 million Egyptian households in eleven governorates, including three...
New Branch in Suez Canal to Raise its Revenues to USD 13.5 billion
7/25/2014 - Well-informed sources with the Suez Canal Authority said that within the coming few days, a new branch in the Suez Canal would be dug. The new branch would be al length of 34 kilometers.

In...
International Bidders Compete for Manufacture of 700 Train Cars
7/25/2014 - Transport Minister Hany Dahy said Friday that international companies are vying to win a deal with the Egyptian side for the manufacture of 700 high-quality train cars.

The minister told A...
Ships Transiting Suez Canal Make Cargo Record
7/27/2014 - The Suez Canal achieved a daily cargo record of 3.8 million tons as it celebrates its nationalization anniversary. As many as 50 ships transited the international waterway in the north and south bound...
General Assembly of the Holding Company for Chemical Industries
7/29/2014 - The annual general assembly of the Holding Company for Chemical Industries was chaired by the Minister of Investment, Mr. Ashraf Salman.

The meeting was attended by representatives of the C...
General Assembly of the Holding Company for Maritime and Inland Transport
7/29/2014 - The annual general assembly of the Holding Company for Maritime and Inland Transport was chaired by the Minister of Investment, Mr. Ashraf Salman.

The meeting was attended by representativ...
Cairo to Host 3rd Summit on Establishing Free Trade Zone in Africa
7/31/2014 - Egypt will host the third summit talks on a establishing a tripartite free trade zone late in 2014, Trade and Industry Minister Munir Fakhry Abdel Nour said. The step comes within the framework of the...
192% Increase of Job Opportunities, 16% Recess of Gold Prices
7/31/2014 - A report released by the Cabinet's Information and Decision Support Center (IDSC) underlined that the number of job opportunities now made available to job-seekers has increased by 192 % during last m...
Egypt Participates in Arab Quality Expert Panel in Morocco
8/1/2014 - The Egyptian Organization for Standardization and Quality (ESO) has participated in the meeting of the expert panel of the Arab Quality Award which was held in Morocco.

The meeting was atte...

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