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Financials and Investment News in Egypt

Egypt May Resume IMF Loan
12/15/2011 - Egypt may resume loan talks with the International Monetary Fund, a minister said. Egypt, which turned down an offer of a $3 billion IMF facility in June saying it did not need the funds, has seen its...
Nine International Companies in Assuit Power Station
12/15/2011 - Nine international companies have expressed interest to bid for a project involving the rehabilitation and revamping of Assuit power station. The figure includes three companies to bid for the revampi...
Foreign Investments in Egypt are Safe
12/15/2011 - Foreign Minister Mohamed Amr conferred with Asian Ambassadors accredited in Cairo on 14/12/2011 to brief them on the situation in Egypt and the features of the transitional stage. During the meeting A...
Eissa Takes Part in WTO Ministerial Meeting in Geneva
12/15/2011 - Industry and Foreign Trade Minister Dr. Mahmoud Eissa will participate in the ministerial meeting of world trade organization WTO to be held in Geneva on December 15-17. 153 world delegations will tak...
L.E. 80 Million Grants to Procure 700 Vehicles to Egypt
12/16/2011 - The equivalent of L.E. 80 million grant was extended by the Chinese government to procure 700 vehicles to support Egypt's Police Forces. An agreement on the above was signed in Cairo with 400 vehicles...
An Egyptian Jordanian Alliance Awarded Power Station Contract
12/17/2011 - An Egyptian Jordanian alliance was awarded a contract to implement a joint solar/diesel power station at Al Khazanah district in Amman, Jordan. Alliance groups Cairo based MEET - Middle East Engineeri...
World Economy is Passing Through a Critical Stage
12/17/2011 - Minister of Industry and Foreign Trade, Dr. Mahmoud Eissa said in his speech before the World Trade Organization (WTO) meetings in Geneva that the world economy is passing through a critical stage and...
Egypt Bourse Recovers LE 2.4b
12/20/2011 - The Egyptian Stock Exchange (ESE) recovered LE2.4 billion on 19/12/2011 prompted by purchases by Arab and Egyptian investors who are trying to benefit from the sharp decline of stocks during Sunday tr...
Egypt, Iraq Ink Electricity Cooperation MOUs
12/21/2011 - Egypt and Iraq inked on 20/12/2011 two memorandums of understanding (MoUs) to establish two companies operating in the field of power generation and distribution. The agreements also included enhancin...
Egypt Support Firms for Boosting Production
12/22/2011 - Prime Minister Dr. Kamal Al-Ganzouri affirmed that the national salvation government will help firms operating in Egypt and will maintain Egyptian labour for increasing production and work opportuniti...
Egypt Does Not Accept Any Interference in Its Internal Affairs
12/22/2011 - Egypt does not accept any interference in its internal affairs, Foreign Minister Mohamed Amr said. Talking about statements made by US State Secretary Hillary Clinton as regards Kasr el-Aini and Cabin...
ESE Gets up by 1.9%, Recovers EGP 5bn
12/26/2011 - The Egyptian Stock Exchange (ESE) recovered five EGP5 billion at the close of trading on Sunday 25/12/2011. The recovery was prompted by purchases of Egyptian investors. The benchmark index EGX30 rose...
Egypt and Arab Monetary Fund Signed Loan Agreement
12/27/2011 - Egypt and the Arab Monetary Fund (AMF) signed on 26/12/2011 an agreement to give Cairo the second part of a loan worth 470 million dollars. The accord was inked by Egyptian Planning and International ...
Meeting on State Lands Legalization
12/27/2011 - Prime Minister, Dr. Kamal Al-Ganzoury, held ministerial meeting on legalizing situations of the state lands in attendance of Ministers of Planning and International Cooperation, Housing, Finance, Wate...
Government Committed to Deliver on its Pledges
12/27/2011 - The government is committed to all the pledges it had made to all parties in the private sector, said Minister of industry and Foreign Trade Mahmoud Eissa. "The government attaches special importance ...
Ganzouri Firms on State Dues
12/28/2011 - Prime Minister Dr. Kamal el-Ganzouri has assured the investors that their lands will not be withdrawn if they pay state dues. ...
Ganzouri Receives Sudanese FM
1/1/2012 - Prime Minister Kamal Ganzouri met on 31/12/2011 with visiting Sudanese Foreign Minister Ali Karti in the presence of Foreign Minister Mohamed Kamel Amr and Sudanese Ambassador to Egypt Kamal Hassan Al...
Applying New Prices for Industry Energy in Jan.
1/1/2012 - Minister of Finance Momtaz al-Saeed announced on 31/12/2011 that the new prices of energy that is used in heavy industries and the maximum wages in the state administrative body will be applied as of ...
36,000 Investors Join Egyptian Exchange in 2011
1/1/2012 - Egypt's bourse said in its annual report that the year 2011 has witnessed joining about 36,000 new investors of different nationalities into the Egyptian money market, compared to about 35,000 investo...
Egyptian Companies to Participate in Iraq Reconstruction
1/2/2012 - Prime Minister Kamal Ganzouri urged on 1/1/2012 several ministers with visiting Baghdad next week to reach agreements with Iraqi officials to participate in the reconstruction of Iraq. The ministerial...

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