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Financials and Investment News in Egypt

Egyptian Side in Business Council with Ethiopia Re-formed
4/5/2015 - The new formation will be in office for three years under Board Chairman of Suwaidi Electrics Ahmed Suwaidi.

The Egyptian side should send to The Minister a by-annual report on its activiti...
Mahlab Reviews Plan to Develop Port Said
4/5/2015 - Prime Minister Ibrahim Mahlab held a meeting to review plans to develop Port Said governorate in the trade, industrial and tourism fields.

The meeting was attended by the trade, industry a...
Mahlab Follows up Implementation of National Roads Project
4/5/2015 - Prime Minister Ibrahim Mahlab underlined the need to abide by the timetable set for finishing the network of national roads.

Mahlab asserted the importance of abiding by the quality and sa...
IMF Head Hails EEDC in Cable to Sisi
4/5/2015 - Managing Director of the International Monetary Fund (IMF) Christine Lagarde on 4/4/2015 sent a cable to President Abdel Fattah El Sisi.

In the cable, Lagarde expressed satisfaction for tak...
Mahlab Heads Ministerial Meeting to Follow up Implementation of National Roads Project
4/5/2015 - Prime Minister Ibrahim Mahlab asserted the need to commit to the time tables set for finishing the network of national roads.

Mahlab asserted the importance of abiding by quality and the s...
50 Businessmen from Mega Azerbaijani Companies to Visit Egypt
4/7/2015 - A delegation grouping 50 businessmen from mega Azerbaijani companies will pay a visit to Egypt within the upcoming few months to explore available investment opportunities in Egypt and carry out new p...
Egypt can Export Gas by 2020
4/7/2015 - Egypt has a well-defined future energy strategy that will make it by 2020, or even before, a gas exporting country with the new explorations, Prime Minister Ibrahim Mahlab said.

President A...
IAEA: Egypt has Big Expertise in Nuclear Field
4/8/2015 - Director General of the International Atomic Energy Agency (IAEA) Yukiya Amano has said that Egypt has strong expertise in the field of nuclear energy.

Amano said in a lecture he delivered ...
Economic Report Indicates Success of Sharm El-Sheikh Conference
4/8/2015 - An economic report showed optimism for the outcomes of Egypt's economic conference in Sharm El-Sheikh to push economic development in the coming period after direct investment agreements, memoranda of...
Raising Egypt’s Credit Rating Confirms Gov’t Progress
4/8/2015 - Finance Minister Hani Qadri said on 7/4/2015 a decision taken by Moody's for credit rating that raised the Egyptian economy's credit rating confirms that the government is going steadily towards achie...
Ibrahim Mahlab Hails Role of Anti-graft Agencies
4/13/2015 - Prime Minister Ibrahim Mahlab asserted on 12/4/2015 the importance of boosting the role of anti-graft authorities.

He was speaking during a meeting with the head of the administrative contr...
Egypt-Ethiopia Ties Development not at Expense of Other Members of Nile Basin
4/13/2015 - Minister of Water Resources and Irrigation Hossam Moghazi has said development of ties between Egypt and Ethiopia cannot be at the expense of other member states of the Nile Basin.

In press...
Sameh Shoukry Receives Phone Call from Kerry
4/13/2015 - Foreign Minister Sameh Shoukry received on 13/4/2015 a phone call from US Secretary of State John Kerry over boosting bilateral cooperation in the various domains, Spokesman for the Foreign Ministry B...
Housing Ministry to Allocate EGP425 mn for Upgrading Slums
4/14/2015 - Housing ministry plans to allocate EGP 425 million for developing slums nationwide, Minister Moustafa Madbouli said on 13/4/2015.

The newly announced funds are part of the ministry's plan f...
Sisi Meets CEO of Siemens
4/15/2015 - President Abdel Fattah El Sisi met Joe Kaeser, the President and Chief Executive Officer of Siemens AG, 15/4/2015.

Electricity Minister Mohamed Shaker and Hany Azer, who is a member of Egyp...
Egypt Presents New Visions to Face International Water Challenges
4/15/2015 - Former Irrigation Minister Mohamed Abdel Motaleb, head of Egypt’s delegation to World Water Forum held in South Korea, said that Egypt presented new, several and non-traditional visions on facing inte...
Sisi Launches National Campaign for River Nile
4/15/2015 - President Abdel Fattah El Sisi received on 14/4/2015 Minister of Water Resources and Irrigation Hossam Moghazi.

Presidential spokesman Alaa Youssef said the President signed the "Nile docum...
Egypt’s Exports to Nile Basin Countries up by 17.6% in December
4/18/2015 - The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the volume of Egyptian exports to the Nile Basin countries has increased by 17.6% in December 2014 to reach USD 92.08 milli...
International Cooperation Minister Reviews Energy Reform Measures with WB Experts
4/18/2015 - Egyptian International Cooperation Minister Naglaa el Ahwany reviewed Egypt's measures to reform the energy sector and cut down subsidy on fuel taken in July 2014.

The government has reduce...
Egypt, World Bank Agreed on four-year Partnership
4/18/2015 - International Cooperation Minister Naglaa el Ahwany signed a $400 million-loan agreement with World Bank Vice President for the Middle East and North Africa Hafez Ghanem in Washington in favor of the ...

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