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Financials and Investment News in Egypt

Ministerial Committee Discusses Development Issues
1/2/2012 - Prime Minister Dr. Kamal El Ganzouri discussed on 1/1/2012 at a meeting with several ministers means of tapping stalled potentials and rehabilitating projects on which billions of pounds were spent in...
More Incentives for Egyptian Industry in Coming Period
1/2/2012 - Dr. Mahmoud Eissa, the Minister of Industry and Foreign Trade affirmed that Egypt's commitments to the World Trade Organization (WTO) allows it to change the tariff structure to reform the customs tha...
Bourse Gains LE 2.9B in 2012 First Trading Session
1/3/2012 - The Stock Exchange rose 1.59 percent to gain LE 2.9 billion at the close of the 2012 first trading session amid optimistic feelings over the new year. The EGX30 benchmark index rose 1.59 percent to 36...
Ganzouri Preparations for Inaugurating Underground Metro
1/3/2012 - Prime Minister Kamal El Ganzouri reviews preparations for inaugurating the first stage of the third underground metro line between Attaba and Abbasiya. Minister of transport Galal el Said said on 2/1/...
Egypt Cbank to Ask for 14 Bln Eg Pounds in Repos
1/3/2012 - Egypt's central bank said it would ask for 14 billion Egyptian pounds in seven-day repurchase agreements in the money market at a fixed rate of 9.75 percent. The central bank introduced the weekly rep...
Egypt Withdraws Land from Egyptian Businessmen
1/8/2012 - Egypt's government has withdrawn 2,100 hectares of land from some of the country's leading businessmen because they failed to develop it, a minister who heads a committee investigating failures in ind...
Finance Ministry Calls for Rationalizing Government Spending
1/9/2012 - Egypt's Finance Minister Momtaz Sa'ed has issued a decree detailing expenditure rationalizing plan for the administrative apparatus of the government. The rationalizing plan includes cutting down bonu...
SCAF Discusses with "Egyptian House" Investment
1/9/2012 - Members of the Supreme Council of the Armed Forces (SCAF) met on 8/1/2012 with representatives of the Egyptian community in the US better known as the Egyptian House in the US. ...
Serious Measures to Finance Faltering Factories
1/9/2012 - Prime Minister, Dr. Kamal Ganzoury held two meetings on 8/1/2012 of the committees in charge of cleaning Egyptian streets and bailing out faltering factories. Minister of Industry and Foreign Trade, M...
Egypt Raises Repo Offering
1/10/2012 - Egypt’s central bank will offer 18 billion Egyptian pounds ($3 billion) of seven-day repurchase agreements, 29 percent more than last week, after the government increased short-term borrowings. ...
Tantawi, Carter Discuss Situations in Egypt
1/11/2012 - Head of the Supreme Council of the Armed Forces Field Marshal Hussein Tantawi met on 10/1/2012 with former US President Jimmy Carter, the Chairman of Carter Center for Peace, to discuss domestic and i...
New Egyptian Initiative to Develop Nile Basin Countries
1/11/2012 - Foreign Minister Mohamed Kamel Amr held on 10/1/2012 talks with Kenyan Vice President Kalonzo Musyoka in Nairobi. This came during Amr's Nile Basin tour that takes him to a number of the Nile Basin co...
Tantawi Meets US Deputy Secretary of State
1/12/2012 - Head of the Supreme Council of the Armed Forces (SCAF) Field Marshal Hussein Tantawi met on 11/1/2012 with US Deputy Secretary of State William Burns along with his accompanying delegation.

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Sohag Governor Launching L.E. 10 Million Project
1/12/2012 - Sohag Governor, Mr Waddah Al Hamzawi, has launched L.E. 10 million project to build an automatic slaughterhouse and a veterinary quarantine on 25 feddans land along Sohag/ Red Road. It will be located...
FM Amr Arrives in Juba to Boost ties with South Sudan
1/14/2012 - Foreign Minister Mohamed Kamel Amr arrived in Juba on 14/01/2012 as part of his six-leg tour of the Nile Basin countries. In Juba, the minister will hold talks with senior South Sudanese officials on ...
Egypt Revive Integration Project with Libya and Sudan
1/16/2012 - Egypt is trying to revive an old integration project that links the country with Sudan and Libya, Foreign Minister Mohamed Amr has said. The project known as the Golden Triangle, which seeks to combin...
Egypt Asks IMF for $3.2 Billion in Support
1/16/2012 - Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said, as the country's interim cabinet seeks to fill a budget gap pushed wider by almost a year of po...
Large Scale of Egyptian Participation in Libya’s Reconstruction
1/17/2012 - Chief of the Supreme Council of the Armed Forces (SCAF ) Mohamed Hussein Tantawi, returned home last night after a flight visit to Libya during which he had talks with Counselor Mustafa Abel Galil, th...
Trade and Investment Ties with India Continued Growth
1/20/2012 - Trade and investment ties with India are witnessing a continued growth after the 25th January Revolution. This was reported in the media quoting the Indian Ambassador to Egypt praising the development...
Anan Meets US Military Official
1/23/2012 - Chief of Staff of the Armed Forces General Sami Anan met on 22/1/2012 with visiting Director of the US Joint Staff's Strategic Plans and Policy Lieutenant General Terry Wolff. The meeting took up mean...

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