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Financials and Investment News in Egypt

Egyptian Government Exerts Hard Efforts to Accelerate Realization of Economic Development
6/6/2015 - Finance Minister Hany Qadry said that the government is working very hard to accelerate the achievement of an economic take-off to be reflected positively on citizens’ standards of living.

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Sisi Discusses with Senior Officials in Budapest Boosting Economic Relations
6/6/2015 - Industry and Trade Minister Mounir Fakhry Abdel-Nour said that the Egyptian-Hungarian Committee for Economic, Scientific and Technical Cooperation will hold its second meeting during the visit of Pres...
Ibrahim Mahlab Meets Deputy Chairman of Le Meridian
6/7/2015 - Prime Minister Ibrahim Mahlab met on 6/6/2015 with Sheikh Fahd Bin Abdul Aziz Al- Al brahim, the deputy chairman of the company that owns Le Meridien hotel.

The meeting was attended by the...
Egypt, Japan Discuss Joint Projects
6/9/2015 - Prime Minister Ibrahim Mahlab met on 8/6/2015 with the visiting Deputy Chief of Japan's Central Bank for International Cooperation and his accompanying delegation.

The meeting was attended ...
Mamish: All Countries Invited to Invest in Canal Corridor
6/14/2015 - Head of the Suez Canal Authority Mohab Mamish said all countries are invited to invest in the New Suez Canal Corridor, asserting that all heads of state of the world are invited to attend the inaugura...
Sisi Urges Gov’t to Delay Application of Fuel Smart Cards
6/14/2015 - President Abdel Fattah El Sisi on 13/6/2015 met with members of the specialized council for economic development to review its latest activities since its recent meeting with the president in April, P...
MoU between Irrigation Ministry, European Union
6/15/2015 - Minister of Water Resources and Irrigation Dr. Hossam Maghazi said that the ministry has signed a memorandum of understanding, with the European Union, related to the joint systematic integration of w...
President Sisi Reviews Preparations for Upper Egypt Investment Conf.
6/15/2015 - President Abdel Fattah El Sisi met on 14/6/2015 with Investment Minister Ashraf Salman to discuss preparations for holding a conference on investment in Upper Egyptian cities, said Presidency Spokesma...
221 mn cubic meters of Water-Saturated Sand Removed from New Suez Canal
6/16/2015 - A total of 221.569. 767 cubic meters of water-saturated sand have so far been lifted by 39 dredgers at the new Suez Canal lane project, Head of the Suez Canal Authority Mohab Mamish said.

T...
Egypt’s Amb, India’s FICCI Head Discuss Boosting Ties
6/16/2015 - Egypt's Ambassador in New Delhi Hatem Tag Eddin discussed on 15/6/2015 with President of the Federation of Indian Chamber of Commerce and Industry (FICCI) Jyotsna Suri means of boosting bilateral ties...
Machines for Digging Suez Canal Tunnels to be Imported
6/16/2015 - Head of the Suez Canal Authority (SCA) Mohab Mamish said on 15/6/2015 that the political leadership decided to start importing machines for digging tunnels under the Suez Canal next October.

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Egypt, China Sign Agreement for 15 Projects worth $ 10 bn
6/16/2015 - Egypt and China signed on 15/6/2015 a framework agreement to implement 15 projects worth $10 billion.

The projects aim to boost bilateral industrial and investment relations in electricity,...
Sisi Agrees to Settle Farmers’ Problems
6/16/2015 - President Abdel Fattah Al-Sisi agreed on 15/6/2015 to settle the problems of the farmers benefiting from the agricultural reform.

During his meeting with Agricultural Minister Salah Eddin H...
Dredging Works in New Suez Canal almost Complete
6/18/2015 - Nearly 96.58 percent of the dredging works have been finalized in the New Suez Canal project, said a report issued by its executive authority.

Up to 254.740 million cubic meters of water-sa...
223 mln cubic meters of Water-saturated Sand Removed from New Suez Canal
6/19/2015 - A total of 223.789 million cubic meters of water-saturated sand have so far been lifted at the New Suez Canal project, Head of the Suez Canal Authority Mohab Mamish said.

The figure represe...
Egyptian Government Approves New Fiscal Year Budget
6/19/2015 - The cabinet approved the draft of the new fiscal year budget for 2015/ 2016 in preparation for submitting it to the president, said a statement by the cabinet.

The estimated deficit in the ...
Egyptian GDRs in London up
6/20/2015 - The Egyptian global depository receipts (GDRs) traded on London Stock Exchange upped on 19/06/2015.

The GDRs of Commercial International Bank (CIB) and EFG Hermes went up to 7.45 dollars an...
Sisi, CBE Governor Review Efforts to Provide Foreign Exchange
6/21/2015 - President Abdel Fattah El Sisi held a meeting on 20/6/2015 with Governor of the Central Bank of Egypt (CBE) Hisham Ramez to discuss efforts exerted to provide foreign exchange.

Also, they...
Hossam Moghazi Meets with Foreign Partners on 4m feddans Project
6/21/2015 - Water Resources and Irrigation Minister Hossam Moghazi met on 20/6/2015 with foreign development partners.

The meeting took up national projects implemented by the water resources and irri...
Ibrahim Mahlab Visits Information Technology Institute in Smart Village
6/21/2015 - Prime Minister Ibrahim Mahlab on 20/6/2015 paid a visit to the Information Technology Institute at the Smart Village and met with a number of young trainees and inventors who have made achievements i...

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