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Financials and Investment News in Egypt

USD 400 million in New British Investments
10/11/2014 - Petroleum and Mineral Resources Minister Sherif Ismail, who arrived in the United Arab Emirates on a two-day visit, will probe domains of joint cooperation between the two countries during the forthco...
Ibrahim Mahlab Reviews with Guinean Ambassador Trade Exchange
10/12/2014 - Egypt's Prime Minister Ibrahim Mahlab received Guinea's ambassador to Egypt on 12/10/2014.

The Guinean ambassador expressed his country's appreciation for the Egyptian government and people...
President Sisi Opens Gaza Reconstruction Conference
10/12/2014 - President Abdel Fattah El Sisi inaugurated in Cairo on 12/10/2014 an international donors conference on the reconstruction of Gaza with the participation of 30 countries and 20 international organiza...
Egyptian Ministerial Committee Reviews Distribution of Oil Products with Smart Cards
10/13/2014 - The ministerial economic committee reviewed during a meeting on 12/10/2014 under Prime Minister Ibrahim Mahlab the executive plan to put into force the second and third stages of fuel distribution sys...
Current Reforms in Egypt Positive, Promising
10/13/2014 - Managing Director and Chief Executive Officer at the World Bank (WB) Sri Mulyani Indrawati said on 12/10/2014 that the current reforms taking place in Egypt are positive and promising.

The ...
Unified Investment Law to be Adopted before Economic Conference
10/13/2014 - Prime Minister Ibrahim Mahlab said that a unified investment law will be adopted before a conference that will be held early next year to support Egypt's economy.

In press statements follow...
Mahlab Wraps up Visit to Assiut
10/15/2014 - Prime Minister Ibrahim Mahlab wrapped up a visit to Assiut governorate on 14/10/2014.

Mahlab visited el-Tatalia village where he met with a number of residents and pledged to solve their pr...
Egypt Working on Bankruptcy Law
10/15/2014 - Egypt is now working on its own bankruptcy law which is meant to expand small- and medium-sized enterprises in the country.

Trade and Industry Minister Mounir Fakhry Abdel-Nour said on 14/1...
Egypt Central Bank Keeps Rates on Hold
10/17/2014 - Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping an eye on the risks to recovery posed by mounting concerns about the global economy ...
Egypt Seeks Increasing Exports to Russia
10/19/2014 - Egypt's Ambassador to Moscow Mohammed al-Badry discussed with the chief of the Russian Customs Authority on 18/10/2014 a number of issues related to boosting Egyptian exports to the Russian market.
Consultancy Contract on Ethiopia Dam to be Inked
10/20/2014 - Water Resources and Irrigation Minister Hossam Moghazi said on 19/10/2014 a contract will be signed on December 16 with an international consultancy office to conduct the required studies on Ethiopia'...
Minister- Logistic Centres Enhance Cooperation with other Countries
10/20/2014 - Minister of Supply and Internal Trade Khaled Hanafy asserted that the national projects that Egypt establishes like the international logistic centres for grains and food commodities encourage many in...
Agreement on Free Trade between Egypt and EEC to be Discussed in Astana
10/20/2014 - Egypt’s Minister of Trade and Industry Fakhry Abdel Nour on Monday announced the possibility of signing an agreement on free trade between Egypt and the Eurasian Economic Union.

"During th...
Aswan Celebrates Sun Falling on Face of King Ramsis II Statue
10/22/2014 - Aswan celebrates on 21/10/2014 the phenomenon of the sun rays falling perpendicularly on the face of King Ramsis II statue at Abu Simbel Temple. The governor and a number of officials from the ministr...
Sisi Meets Beblawi on Occasion of Taking Post in IMF
10/23/2014 - President Abdel Fattah al-Sisi received on 22/10/2014 former prime minister Hazem el-Beblawi who has just assumed the post of executive manager of the International Monetary Fund (IMF).

Pre...
Transport Minister Reviews Ambitious Plan with Arab Counterparts
10/23/2014 - The Transport Ministry in Egypt is working on an ambitious plan to upgrade transport services, Transport Minister Hani Dahi said on 22/10/2014.

This plan will sure contribute to development...
EGX Gains 6 bn pounds, Index up 2.07 per cent
10/23/2014 - The Egyptian Stock Exchange made gains at the end of 22/10/2014 trading session backed by purchases by Arab and foreign institutions and investment funds.

The market capital achieved gains ...
Govt Considers Vodafone Share Sale to 'Sovereign' Body
10/23/2014 - The Ministry of Electricity is considering a suggestion to sell state-owned Telecom Egypt’s 45-percent share in Vodafone Egypt to a “sovereign” governmental body, a source at the Ministry of Communica...
Sisi Chairs Meeting with National Defense Council
10/25/2014 - President Abdel Fattah El Sisi chaired a meeting of the National Defense Council to discuss the latest security developments in the country.

The meeting was attended by Prime Minister Ibrah...
PM Receives Follow-up Report about his Recent Assiut Visit
10/27/2014 - Prime Minister Ibrahim Mahlab received on 26/10/2014 a follow-up report about progress in the implementation of his directives during a recent visit to the Upper Egyptian governorate of Assiut.

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