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Financials and Investment News in Egypt

Suez Canal the Fastest in the World
3/7/2015 - Head of the Suez Canal Authority (SCA) Mohab Mamish said that his visit to Paris aims at promoting Egypt Economic Development Conference (EEDC), which will be held in Sharm El-Sheikh on March 13-15.
Egypt Enjoys Promising Opportunities for Investment and Economic Growth
3/7/2015 - Minister of Finance Hany Qadry said that Egypt is currently passing through a critical transitional stage, with some difficulties and decline of growth rates. He added, however, Egypt enjoys promising...
PM, Cairo Governor Inspect Housing Project of Slum Residents
3/7/2015 - Prime Minister Ibrahim Mahlab inspected on 6/3/2015 a housing project of slum residents in the 6th of October City.

Mahlab was accompanied by Cairo Governor Galal Moustafa and Minister of U...
Egypt has "Huge Hopes" to Attract Investors at Conference
3/8/2015 - Arab League Secretary General Nabil Al-Araby said that there are "huge hopes pinned" on the March 13-15 Egypt Economic Development Conference (EEDC) due in Sharm El-Sheikh in terms of attracting inves...
Sisi Opens 19 Service Projects at Cost of EGP 3.5bn
3/9/2015 - President Abdel Fattah El Sisi opened 19 projects involving roads, bridges and services, which were supervised by the Armed Forces' Engineering Authority.

The projects, which also include t...
Sharm Conf. Aims at Prevailing Peace, Love not only Handling Economic Issues
3/9/2015 - Chairman of Suez Canal Authority Mohab Mameesh said that the economic conference of Sharm el Sheikh aims at promoting peace and amity not only handling economic issues.

The Sharm conference...
Ministerial Monitoring Body Submits Report to Sharm el Sheikh Summit
3/9/2015 - The body monitoring the decisions and commitments affiliated to the Arab Summit has submitted a comprehensive report on following up the implementation of the last Arab Summit decisions, to the upcomi...
Sisi Orders Establishing Center for Contract Farming
3/9/2015 - President Abdel Fattah El Sisi issued on 8/3/2015 a presidential decree to establish a center for contract farming.

The center will be based at the headquarters of the Agriculture and Land ...
Egypt Adopts Clear Strategy to Attract Investments
3/10/2015 - Prime Minister Ibrahim Mahlab said on 9/3/2015 that the government adopted a clear strategy to support the national economy, attract investments and resolve the problems of investors.

Durin...
SFD Funded 178,253 Enterprises in 2014
3/10/2015 - The Social Fund for Development (SFD) pumped some EGP 3 billion for funding 178,253 small and micro enterprises in 2014, according to SFD Secretary-General Soha Soliman.

During a meeting un...
Egypt on Right Track, Economy will Recover
3/13/2015 - Egypt is on the right track after the government set a plan to meet the economic needs of the state, Christine Lagarde, the Managing Director of the International Monetary Fund (IMF) said.

...
Egypt Urges Setting up Arab Body for Manufacturing Agriculture Production Requirements
3/13/2015 - Egypt stressed the necessity of ensuring coordination among the Arab governments for setting up an Arab body for manufacturing the agriculture production requirements and also an Arab company for incr...
Digging Rate at Suez Canal Hits 212m Cubic Meters
3/13/2015 - The digging rate at the Suez Canal Development Project reached 212 million cubic meters, said Chief of Staff of the Army's Engineering Authority Maj.-Gen. Kamel El-Wazir.

In press conferenc...
Kerry: Egypt has the Greatest Potentials to Attract Investments
3/13/2015 - US Secretary of State John Kerry said that some major US companies attended Egypt Economic Development Conference in Sharm el Sheikh.

He said the American people are committed to Egypt’s ec...
Egypt Launches 2030 Development Strategy
3/14/2015 - The Egyptian government launched on Saturday the "sustainable development strategy. Egypt's vision 2030" on the sidelines of the international economic conference in Sharm el Sheikh.

The st...
Mahlab Meets Algerian PM, German Economy Minister, Kuwaiti Official
3/14/2015 - Prime Minister Ibrahim Mahlab met with his Algerian counterpart Abdelmalek Sellal, German Economy Minister Sigmar Gabriel and Chairman of the Kuwait Chamber of Commerce and Industry Ali Ghanem.
Egypt, Siemens Sign MoUs in Sharm
3/14/2015 - Electricity Minister Mohamed Shaker and German Economics and Energy Minister Sigmar Gabriel attended the signing of memos of understanding between Egypt and German engineering giant Siemens AG at a to...
26 Egyptian, Arab Companies Start Reclamation of 670,000 feddans
3/21/2015 - Minister of Agriculture and Land Reclamation Salah El-Din Hilal said that 26 Egyptian and Arab companies will start reclamation of 670,000 feddans within the framework of the one-million feddans proje...
WB Provides $400m Loan to Support Poor Families
3/21/2015 - The World Bank agreed to provide a soft loan worth $400 million to finance the programs launched by the Ministry of Social Solidarity to support poor families.

Minister Ghada Wali said the ...
Egypt to Participate in Global Forum for Water in South Korea
3/21/2015 - Minister of Irrigation Hossam Moghazi announced that Egypt will participate in the 7th Global Forum for Water due to be held in South Korea on April 12-16.

Moghazi pointed out that Egypt w...

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