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Financials and Investment News in Egypt

Egypt, S. Sudan Discuss Water Cooperation
10/27/2014 - Minister of Water Resources and Irrigation Hossam Moghazi is due to give a press conference on 27/10/2014 with his South Sudanese counterpart Jemma Nunu, currently visiting Egypt, regarding the result...
50 Vessels Transit Suez Canal
10/28/2014 - Fifty ships transited the Suez Canal on 27/10/2014, carrying a total cargo of 2.474 million tons.

The south-bound convoy included 30 vessels, while the north-bound convoy included 20 ships....
Egypt "Last Bastion" of Stability in ME
10/28/2014 - Egypt is the last bastion of stability in the Middle East (ME) region, affirmed Foreign Minister Sameh Shourky during his meeting on 27/10/2014 with members of the Egyptian British Business Council.
Arab Investors Conference to be Held in Cairo
10/29/2014 - The Federation of Egyptian Chambers of Commerce is preparing for the 16th Conference of Arab Investors on November 23rd and 24th, 2014, according to Federation of Egyptian Chambers of Commerce (FEDCOC...
PM Decides Prices for Purchasing Electricity
10/29/2014 - Prime Minister Ibrahim Mehleb issued decision on Tuesday specifying price of purchasing the electricity energy produced from stations using renewable energy sources to Egyptian Electricity Transfer Co...
New Project to Produce Asphalt, Solar at 660.000 Tons
11/1/2014 - Petroleum and Mineral Wealth Minister Sherif Ismail has witnessed the signing of a contract on implementing a new project to produce asphalt at a 660,000-ton-capacity per annum.

The project...
IMF to Hold Consultations with Egypt on Article IV
11/1/2014 - The International Monetary Fund (IMF) has announced that it will send a mission to Egypt, led by chief Chris Jarvis on 11 November for Article IV discussions, according to a statement by the fund.
...
Sisi Witnesses Biggest Air Force Exercise
11/4/2014 - President Abdel Fattah al-Sisi has addressed a message of appreciation and apology to North Sinai citizens, calling on them not to allow anybody to drive a wedge between them and the rest of the Egypt...
Centamin Cuts Gold Production Forecast at Egyptian Mine
11/5/2014 - Centamin Plc cut its full-year production forecast for the only gold mine it operates, citing lower grades of the underground ore being mined in the current quarter and reduced productivity of its pla...
Outline of Golden Triangle Project to be Selected
11/8/2014 - The Ministry of Industry and Foreign Trade decided to open the technical envelopes of the general outline of the golden triangle development project at the end of this month.

Four internati...
Bourse Gains EGP 15.3bn in First Week of November
11/8/2014 - The Egyptian Exchange indexes closed up in the first week of November and the market capital gained EGP 15.3 billion to hit EGP 519.5 billion or 3 percent higher than the week before.

Durin...
Mobile Subscribers down 2 Million for First Time
11/8/2014 - The number of mobile phone subscribers fell by millions for the first time in Egypt ever in August, according to the National Telecommunications Regulatory Authority (NTRA).

The total num...
Egypt Blue Chips in the Red on Sunday as Locals Sell
11/10/2014 - Egypt's bourse continued to fall on Sunday as Egyptian investors were net-sellers following large gains in the past couple of weeks.

The main EGX30 index fell 0.51 percent to close at 9,373...
Egypt Agree to a Loan from the World Bank $500 million
11/11/2014 - Egyptian President Abdel Fattah Sisi approved a loan agreement between the Egyptian government and the World Bank for Reconstruction and Development to implement the project of natural gas Delivery. ...
Egypt's CIB Reports 5.6 Pct Rise in Q3 Net Profit
11/12/2014 - Egypt's biggest listed bank Commercial International Bank posted a 5.6 percent rise in third-quarter net profit, the bank said in a statement released late on Tuesday.

It said net profit st...
Egypt Participates in AFESD’s Meetings in Kuwait
11/13/2014 - Agriculture Minister Adel el-Beltagi headed on Wednesday 12/11/2014 for Kuwait on a two-day visit to participate in the meetings of the Board of Directors of the Arab Fund for Economic and Social Deve...
Egypt & Algeria Sign 17 Cooperation Deals
11/14/2014 - Prime Minister Ibrahim Mahlab has said that Egypt and Algeria signed 17 cooperation agreements in various domains.

Speaking at a press conference with his Algerian counterpart Abdelmalek S...
Shoukri Meets Singapore FM in Abu Dhabi
11/16/2014 - Foreign Minister Sameh Shoukri met on Saturday15/11/2014 with Singapore's Foreign Minister K. Shanmugam on the sidelines of Sir Bani Yas Forum which is held in Abu Dhabi, a statement by the Egyptian F...
Egypt's Orascom Reports Q3 Net Loss of LE72.6 mln
11/16/2014 - Egypt's Orascom Telecom reported a net loss of LE72.6 million (US$10.2 million) in the third quarter, compared with a loss of LE248.3 million a year ago, the company said on Sunday.

Orasco...
Irrigation Ministry Finalizes 88% of Salam Canal
11/19/2014 - Minister of Irrigation Hossam Moghazi said on Tuesday 18/11/2014 that the ministry finalized 88% of the Salam Canal Project in Sinai.

The minister said that the 4.4-billion-pound project w...

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