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Financials and Investment News in Egypt

Ashraf Salman, Hatem Tag Eldin Probe Cooperation with India
9/21/2014 - Investment Minister Ashraf Salman met with new Egyptian Ambassador to India Hatem Tag Eldin in the presence of senior officials in the ministry.

The meeting took up the Egyptian economic po...
PM Receives Supply Minister over Eidul-Adha Preparations
9/21/2014 - Prime Minister Ibrahim Mahlab on 20/9/2014 received Minister of Supply and Internal Trade Khaled Hanafi to get updated on the ongoing preparations for Eidul-Adha (Greater Bairam).

Hanafi po...
Suez Canal Cargo Sets Record in Three Days
9/21/2014 - Cargo weights and number of ships that passed through the Suez Canal during the past three days hit a new record, Chairman of the Suez Canal Authority Mohab Mamish said.

About 162 vessels t...
Egyptian Cabinet Economic Committee Reviews Finance, Monetary Indicators
9/23/2014 - Prime Minister Ibrahim Mahlab reviewed on 22/9/2014 finance and monetary indicators and measures taken by Central Bank of Egypt (CBE) to regulate exchange market and provide foreign currency.

...
Cotton Production Reaches 106,472 Metric Tons in 2014
9/24/2014 - An official report by Ministry of Agriculture has shown that the total production of cotton in Egypt this year reached 106,472 metric tons (or 2.6 million qantars) cultivated on 375,000 acres, averagi...
Suez Canal Certificates Push up Hermes Expectations
9/26/2014 - EFG Hermes revises its budget fiscal deficit forecast to 11.3 percent of the country's GDP (compared to the previous 10.9 percent) in FY2014/15 and 10.9 percent (compared to the previous 10.4 percent)...
Egyptian Government, Residents, Investors to Sign Document to Develop Maspero Area
9/27/2014 - Prime Minister Ibrahim Mahlab said on 26/09/2014 that the state is keen on achieving comprehensive development which benefits all citizens in Egypt.

The remarks were made during a popular m...
Ibrahim Mahlab Meets Egyptian Expert on Tunneling Projects
9/29/2014 - Prime Minister Ibrahim Mahlab met on 28/9/2014 with Egyptian expert Hany Azer to discuss the government's metro and tunneling projects in Ismailia and Suez provinces.

An agreement was reach...
Sisi Reviews Ways to Develop Fisheries
9/30/2014 - President Abdel Fattah al-Sisi held a meeting on 29/9/2014 with Head of the Arab Organization for Industrialization (AOI) Abdel Aziz Saif el-Deen, and Professor at the National Institute of Oceanogra...
Ibrahim Mahlab Discusses Developing State-Owned Vaccines Firm
9/30/2014 - Prime Minister Ibrahim Mahlab discussed with ministers of health, finance, planning on 29/9/2014 ways of boosting production of the Holding Company for Biological Products & Vaccines (VACSERA) which s...
Ibrahim Mahlab Pledges to Improve Business Atmosphere
10/1/2014 - Prime Minister Ibrahim Mahlab has pledged to enhance investment atmosphere, noting that his government is doing its best to end all problems facing investors.

This came during a meeting on ...
Ibrahim Mahlab Vows to Solve Fertilizer Firms’ Problems
10/1/2014 - Prime Minister Ibrahim Mahlab has pledged to solve problems facing fertilizer companies, noting that his government seeks to boost fertilizers production in Egypt.

This came during a meetin...
Experiment of Suez Canal Project Can be Repeated
10/1/2014 - Minister of Planning Ashraf al-Arabi said on 30/9/2014 that the successful experiment in funding the new Suez Canal project could be repeated through the initial public offering for other national pro...
Egyptian Supply, investment Ministers Meet with Big US Companies in NY
10/1/2014 - Supply and Internal Trade Minister Khalid Hanafy and Investment Minister Ashraf Salman had a number of meetings with major US companies and institutions during their visit to New York.

The ...
No Shortage in Supply Commodities during Eid
10/6/2014 - Egypt's Minister of Supply Khaled Hanafy has stressed that markets have not experienced any shortage in supply commodities during Eidul Adha.

"All foodstuffs, including meat, vegetables an...
Unprecedented Interest in Investing in Suez Canal Development Project
10/6/2014 - President Abdel Fattah El-Sisi assigned Suez Canal Authority head Mohab Mamish to visit countries that have industrial and logistic zones like Singapore, China and Japan, to study the experiences of t...
Egypt, Kuwait to Sign MoU on Industrial Coop.
10/7/2014 - Industry Minister Mounir Fakhry Abdel-Nour said Egypt will sign a Memorandum of Understanding with Kuwait on industrial and trade cooperation.

He added that the MoU will be signed in Kuwait...
New Suez Canal Project is Inheritance for Coming Generations
10/7/2014 - Chairman of the Suez Canal Authority Mohab Mamish said that the New Suez Canal project would be an inheritance for the coming generations.

Mamish made the remarks while receiving a delegati...
Egypt to Chair G-24 Meetings in Washington
10/9/2014 - Minister of International Cooperation Naglaa el-Ahwany will chair the meetings of the Intergovernmental Group of 24 (G-24) developing countries in Washington.

The gathering will discuss a r...
Working in Fourth Stage of Third Line of Metro IN Egypt
10/10/2014 - Head of the National Authority for Tunnels Ismail al-Nagdy unveiled that the authority agreed in principle with the international companies -that implement the fourth stage of the third line of metro ...

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