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Financials and Investment News in Egypt

Egypt and OFID Sign Loan Agreement to Upgrade Ain Shams Hospital
4/18/2015 - Egypt and OPEC Fund for International Development (OFID) signed a $27-million-loan agreement on Friday on supporting the Ain Shams specialized hospital.

International Cooperation Minister N...
Petroleum Minister Urges Support for Egyptian-Arab Cooperation
4/19/2015 - Petroleum Minister Sherif Ismail urged on 18/4/2015 supporting the Egyptian-Arab cooperation in petroleum industry.

Joint projects have high economic feasibility, the minister said during ...
140.5m meters of Sand Dredged in New Suez Canal Project
4/19/2015 - Up to 140.5 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said Mohab Mamish, the Head of the Suez Canal Authority on Saturday.
Egypt has Plan to Reduce Budget Deficit: IMF Mission
4/19/2015 - Egypt has a good plan to reduce the budget deficit that should be carried out in parallel with working on increasing the growth rate and creating more job opportunities, Christopher Jarvis, the Intern...
Mamish: Navigation at Suez Canal Normal
4/19/2015 - Head of the Suez Canal Authority Mohab Mamish said navigation at the Suez Canal is normal after a drifted Danish container ship has been successfully re-floated in the Suez Canal course.

I...
Companies Building New Roads should Commit to Schedule
4/19/2015 - Prime Minister Ibrahim Mahlab asserted the importance of the commitment of all companies working within the national roads project.

The remark was made on 18/4/2015 during his meeting with...
Shoukry, Lavrov Discuss Bilateral Relations
4/19/2015 - Foreign Minister Sameh Shoukry received a phone call from Russian Foreign Minister Sergei Lavrov where they discussed promoting bilateral relations.

Spokesman for the Egyptian Foreign Minis...
IMF, AMF Agree to Boost Partnership
4/20/2015 - The International Monetary Fund (IMF) and its Arab counterpart signed on 20/4/2015 a memorandum of understanding to boost partnership and to play a more effective role in meeting the needs of member s...
Salah Hilal Urges Enhancing Relations with Sudan
4/20/2015 - Egypt’s Minister of Agriculture and Land Reclamation Salah Hilal has stressed the importance of enhancing relations with Sudan in various fields, mainly in the domains of agriculture, food security, l...
UN Hails Egypt’s Bourse Efforts in Sustainable Development Field
4/20/2015 - The UN Sustainable Stock Exchanges initiative (UN SSE) hailed Egypt's bourse efforts in the field of sustainable development in the Middle East and North Africa.

In a statement on Sunday, ...
Ashraf Salman Meets MIGA vice President
4/20/2015 - Egypt's Investment Minister Ashraf Salman met on 19/4/2015 with Keiko Honda, the executive vice president of the Multilateral Investment Guarantee Agency (MIGA), in Washington.

Salman dis...
1st Solar Power Station Inaugurated in Smart Village
4/20/2015 - Minister of Communications and Information Technology Khalid Negm and Electricity Minister Mohamed Shaker opened on 19/4/2015 the first solar power station in the Smart Village.

The move c...
Egypt, Sudan Agree to Activate Joint Coop. in Food Security
4/21/2015 - Minister of Agriculture and Land Reclamation Salah Helal said his talks with Sudanese officials in Khartoum on 20/4/2015 focused on means to activate cooperation in the various domains, especially in...
Egypt, Uganda Sign Deal on Tourism Cooperation
4/21/2015 - Minister of Tourism Khalid Ramy and Uganda's Minister of Tourism Wildlife and Antiquities Maria Mutagamba signed a memorandum of understanding to enhance tourism cooperation.

Under the MoU,...
Sisi Reviews Project to Establish New Civilized, Integrated Communities
4/22/2015 - President Abdel Fattah Al-Sisi on 21/4/2015 met with Housing Minister Moustafa Madbouli and senior officials of the ministry.

The meeting dealt with a vision to expand the urban area by est...
Ibrahim Mahlab Meets Zambian VP on Sideline of Asia-Africa Summit
4/22/2015 - Prime Minister Ibrahim Mahlab said on 22/4/2015 that Egypt is keen on boosting relations with Africa and wants very much to restore its leading role in the continent.

Mahlab told the Vice P...
New Suez Canal Digging Progress ’Miraculous’
4/25/2015 - Chairman of Suez Canal Authority Mohab Mamish has said the progress achieved in digging the New Suez Canal project is "miraculous."

In press statements on the sidelines of UAE Minister of S...
Investment Min. Discusses Means to Cement Ties with Georgia
4/27/2015 - Minister of Investment Ashraf Salman received on 26/4/2015 Georgian Ambassador in Cairo Archil Dzuliashvili and his accompanying delegation.

The meeting tackled means to cement relations b...
Canadian Ambassador: USD 7 billion Fresh Investments in Egypt
5/1/2015 - The Canadian Ambassador to Egypt Troy Lulashnyk said that the economic relations between Egypt and Canada will witness a significant development during the coming period, especially after several Cana...
Egyptian Housing Ministry Opens Services Projects in North Sinai
5/1/2015 - The Housing Ministry opened a number of projects in North Sinai established at an investment cost of 70 million.

There are other projects, worth EGP 600 million, being carried out in the go...

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