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Financials and Investment News in Egypt

New Valley to Get Lion’s Share of Reclamation
5/4/2015 - Minister of Water Resources and Irrigation Hossam Moghazi said on 3/5/2015 that the New Valley province will get the lion's share in the national plan to reclaim one million feddans.

Moghaz...
Egyptian Cabinet Approves Several Decisions
5/4/2015 - The Cabinet under Prime Minister Ibrahim Mahlab approved on 3/5/2015 a number of decisions.

The Cabinet approved a presidential draft decree to agree a grant agreement between Egypt and the...
Ibrahim Mahlab Approves New Formation of TRA Board
5/4/2015 - Prime Minister Ibrahim Mahlab approved on 3/5/2015 the new formation of the Telecommunications Regulatory Authority (TRA) board of directors.

The new board will be chaired by the Minister o...
Mahlab Meets with Executive Apparatuses, Leaders in Damietta
5/5/2015 - Prime Minister Ibrahim Mahlab held, during his visit to Damietta on 4/5/2015, a meeting with the executive apparatuses and leaders in the governorate.

The meeting was attended by the minist...
Mahlab Inspects Power Station in Damietta
5/5/2015 - Prime Minister Ibrahim Mahlab, accompanied by a number of ministers, inspected on 4/5/2015 west Damietta Power station which now has a capacity of 500 megawatts.

The minister praised the ef...
Mahlab Inspects Industrial Areas in Damietta
5/5/2015 - Prime Minister Ibrahim Mahlab inspected during a visit to Damietta on 4/5/2015 the construction works of a civil education building whose costs amounted to 17 million pounds.

Mahlab also in...
Completion of the New Drilling Dry Canal
5/6/2015 - Staff Maj. Gen. Kamal Al-Wazir Chief of Staff of the Engineering Authority of the Armed Forces and General Supervisor of the new Suez Canal project said on 5/5/2015 that the project will witness an im...
Mahlab Heads 1st Meeting of "Africa Unit"
5/9/2015 - Egyptian Prime Minister Ibrahim Mahlab headed the first meeting of the "Africa Unit" that has recently been formed by the Cabinet.

The meeting was attended by the ministers of health and po...
Multinational Consortium Ready to Establish Logistics Project in Egypt
5/9/2015 - A multinational consortium expressed readiness to carry out a mega logistics project in Egypt, said Supply Minister Khaled Hanafy on 8/5/2015.

The project includes establishing goods and co...
Egyptian Housing Ministry, AFESD Ink EGP 1.2bn Loan Deal
5/10/2015 - Housing Minister Mostafa Madboly said that the ministry has finalized a loan deal with the Arab Fund for Economic and Social Development (AFESD) at about 1.2 billion pounds.

The deal has be...
Ibrahim Mahlab Holds Meeting on Egyptian Exports
5/11/2015 - The state is keen to enhance exports in the coming period and remove all hindrances that may stand in its way due to their importance in earning hard currency and establishing more projects, Prime Min...
Ashraf Salman, Italian Amb. Probe Increasing Investments
5/12/2015 - Investment Minister Ashraf Salman said he supports efforts to increase Italian investments in Egypt.

This remark came during the meeting between Salman and the Italian Ambassador in Cairo M...
Mahlab Meets Chairmen of French Companies in Paris
5/12/2015 - Prime Minister Ibrahim Mahlab started his three-day visit to the French capital Paris with meetings with chairmen of a number of French companies.

Mahlab met with the chairman of Safran, wh...
48 Ships Transit Suez Canal
5/15/2015 - Forty-eight ships transited the Suez Canal, carrying a total cargo of about 2.6 million tons.

The south-bound convoy included 31 vessels carrying 1.625 million tons, while the north-bound c...
Sisi Opens Upgraded Armed Forces Factories
5/15/2015 - President Abdel Fattah El Sisi opened on 14/05/2015 a number of upgraded Armed Forces factories for top-notch cars, armored vehicles and spare parts.

Sisi inspected an exhibition of armored...
Arab States should Promote Peaceful Use of Atomic Energy
5/17/2015 - Arab League (AL) Secretary General Nabil El Araby said that the Arab countries should upgrade their peaceful use of atomic energy so as to cope up with the technological revolutions achieved by other ...
EGX Gains about EGP 9bn
5/18/2015 - The Egyptian Exchange (EGX) gained about nine billion pounds in the first 10 minutes of Monday's trading session on the back of a government decision to suspend the Capital Gains Tax (CGT) for two yea...
Egypt Seeks to Increase Exports to US
5/19/2015 - Trade and Industry Minister Mounir Fakhry Abdel Nour said on 18/5/2015 that Egypt seeks to increase the Egyptian exports to the US market through reinstating the generalized system of preferences (GSP...
Sisi to Approve Electricity Bill within Days
5/20/2015 - Electricity Minister Mohamed Shaker said on 19/5/2015 that President Abdel Fattah Al-Sisi will approve a new electricity bill within the coming few days.

Shaker told a seminar held by the E...
3 Units at Assiut Power Plant Join Grid End of May
5/20/2015 - Electricity Minister Mohamed Shaker said on 19/5/2015 three new units of electricity production at Assiut power station would join the national grid end of May.

During a seminar on energy a...

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