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Financials and Investment News in Egypt

Egyptian Finance Ministry Denies Government’s Borrowing EGP 19 billion per day
2/13/2015 - Finance Minister Hani Qadry denied reports that the government is borrowing EGP 12-19 billion a day.

On the other hand, the Finance Ministry auctioned on Thursday treasury bills at a total ...
Swiss Companies, Banks Show Interest in Egypt’s Economic Conference
2/13/2015 - Scores of companies and banks in Switzerland will take part in the international economic conference planned to be held in Sharm El Sheikh next month, Egypt's General Consulate in Geneva said.

...
Russian Delegation Participates in Sharm El-Sheikh Summit
2/13/2015 - Russian Ambassador in Cairo Sergei Bachenko thanked the Egyptian leadership and people for rendering Russian President Vladimir Putin's visit to Cairo a success.

At a press conference on 12...
Egyptian Delegation Formed to Joint Economic Council with Kuwait
2/19/2015 - Trade and Industry Minister Mounir Fakhri Abdel Nour decided the lineup of Egypt's side of a joint economic cooperation council with Kuwait.

The lineup includes representatives of different...
24 Dredgers Operate in New Suez Canal
2/21/2015 - Chief of the Suez Canal Authority (SCA) Mohab Mamish said that work at the digging of the New Suez Canal is steadily proceeding according to schedule.

Mamish pointed out that the number of ...
Egypt Signs $63m Loan Agreement with IFAD
2/21/2015 - Minister of International Cooperation Dr. Naglaa El-Ahwany signed on 20/02/2015 with President of the UN International Fund for Agriculture Development (IFAD) Kanayo Nwanze a loan agreement worth 63 m...
Hard Work Key to Development
2/22/2015 - Prime Minister Ibrahim Mahlab stressed that development is a strategy that cannot turn into reality without hard work, will and determination.

Mahlab added, at the opening session of the Ar...
Mahlab Reforms Supreme Council of Ports
2/24/2015 - Prime Minister Ibrahim Mahlab issued a decision to reform the Supreme Council of Ports.

Transport Minister Hani Dahi will chair the Supreme Council of Ports.

The Council is assig...
Egyptian Cotton Exports Reach 30,598 tons
2/24/2015 - The exports of the Egyptian cotton during this season reached some 30,598 tons to various countries around the world.

The list of the countries that imported the cotton included India, Paki...
89% of Dry Digging Completed in New Suez Canal
2/27/2015 - 278 million cubic meters of dry digging have been completed so far, the new Suez Canal project supervisor Kamal El-Waziri has said.

Speaking to the weekly press conference, El-Waziri, who i...
Four Ministers Discuss Legislative Mechanisms to Support Investment
2/27/2015 - Under the auspices of Prime Minister Ibrahim Mahlab Alexandria hosted a conference on supporting investment.

The three-day conference is set to discuss the scientific bases and mechanisms t...
Egypt Opens its Market to Investors
2/27/2015 - Egypt is opening its market to investors, Investment Minister Ashraf Salman said on 26/02/2015, noting that legislative reforms will be introduced to investment-related laws.

Salman's remar...
China's Trade Minister to Participate in Egypt's Economic Conference
2/27/2015 - China's trade minister will participate in Egypt's economic conference due in March, heading a delegation of official and private sector representatives, Chinese foreign minister said.

Egyp...
Ibrahim Mahlab Says 60 Nations to Take Part in Economic Conference
3/2/2015 - Prime Minister Ibrahim Mahlab said 60 countries will take part in the economic conference to be held in the Red Sea resort of Sharm el Sheikh this month.

He told El Osboa daily more than 2,...
Mounir Fakhry Abdel Nour Meets New US Ambassador
3/2/2015 - At a meeting with the new US Ambassador to Egypt Stephen Beecroft on 1/3/2015, Industry and Trade Minister Mounir Fakhry Abdel Nour said Egypt-US relations should get back to normal and economic and p...
55 Ships Crossed Suez Canal
3/4/2015 - Fifty-five ships transited in the Suez Canal on 3/3/2015, carrying a total cargo of 2.148 million tons.

The south-bound convoy included 39 vessels carrying 1.330 million tons, while the nor...
Egyptian Cabinet to Approve New Investment Law
3/4/2015 - Prime Minister Ibrahim Mahlab said on 3/3/2015 that the cabinet would approve the new investment draft law penned by the Legislative Reform Committee.

Speaking to parliamentary reporters, t...
Khartoum Document New Start for More Water Cooperation
3/6/2015 - Egyptian Foreign Minister Sameh Shoukry said the agreement reached with Sudan and Ethiopia on sharing Nile waters and the renaissance dam marks the beginning of more cooperation between the three coun...
Egypt, Sudan, Ethiopia Reach Accord on Renaissance Dam
3/6/2015 - The foreign ministers of Egypt, Sudan, and Ethiopia have reached an accord comprising the principles on cooperation to make use of eastern Nile water, the Renaissance Dam, and overcoming the pending i...
Economic Growth Rate up by 5.6% in First Half of 2014/2015
3/7/2015 - Planning Minister Ashraf el Arabi said that the Egyptian economic growth rate has increased by 5.6% during the first half of 2014/2015.

The Minister pointed out that this improvement is att...

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