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Financials and Investment News in Egypt

Egypt to Implement Projects worth LE3.1 bn in May
6/22/2015 - Two hundred twenty-one industrial projects worth LE3.1 billion were cleared in May to begin implementation, Trade and Industry Minister Mounir Fakhry Abdel Nour said Monday.

The number of ...
Egyptian Cabinet Approves Executive Regulation of Civil Service Law
6/25/2015 - The Cabinet approved during a meeting under Prime Minister Ibrahim Mahlab on 24/6/2015 the executive regulation of the civil service law.

The approval came shortly after the planning minis...
Sisi Calls for Improving Quality of Drinking, Irrigation Water
6/25/2015 - President Abdel Fattah Al-Sisi met on 24/6/2015 with Minister of Irrigation and Water Resources Hossam Moghazy and Minister of Agriculture and Land Reclamation Salah Helal.

Presidential Sp...
90.6 Percent of Dredging Works Finalized in New Suez Canal Project
6/27/2015 - Up to 232.800 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said Head of the Suez Canal Authority Mohab Mamish on 25/06/2015.
...
Egypt, Rwanda Mull Water Cooperation
6/28/2015 - Egypt's Ambassador to Rwanda Namira Nagm met on 27/6/2015 with Minister of State in charge of Energy and Water Jermaine Kamayisere.

The meeting took up ways to promote cooperation in the w...
Sisi Attends Long Live Egypt Fund Iftar Banquet
6/28/2015 - President Abdel Fattah El Sisi attended on 27/6/2015 an Iftar banquet that was organized by Long Live Egypt Fund.

Attending were Prime Minister Ibrahim Mahlab, Azhar Grand Imam Ahmed el Ta...
Ibrahim Mahlab Discusses Efforts to Improve Railway Services
6/28/2015 - Prime Minister Ibrahim Mahlab on 27/6/2015 chaired a meeting to discuss efforts to improve services of the Egyptian National Railways.

Transport Minister Hani Dahi and senior officials of ...
Ibrahim Mahlab Discusses Implementation of UAE-Funded Sewage Projects
6/28/2015 - Prime Minister Ibrahim Mahlab held a meeting on 27/6/2015 to review the details of sewage projects that are funded by the United Arab Emirates.

The meeting was attended by the ministers of...
Sisi Discusses 1,000-Factory Project in New Cairo
6/29/2015 - President Abdel Fattah El Sisi on 27/6/2015 met with members of the specialized Council for Economic Development of the Presidency.

Presidential Spokesman Alaa Youssef said that Sisi revie...
Egyptian Electricity, Interior Ministries Step up Patrols to Secure Power Pylons
6/30/2015 - The electricity and interior ministries have agreed to step up security operations to protect high voltage electricity towers from attacks.

The Electricity Ministry will set a reward for an...
New Suez Canal Project Based on Scientific Studies
7/3/2015 - Head of the Suez Canal Authority Mohab Mamish said the New Suez Canal project is being carried out according to scientific studies.

In statements to Al-Ahram newspaper, Mamish said everyone...
Sisi Approves 2015/2016 State Budget
7/3/2015 - President Abdel Fattah El Sisi approved the State budget for 2015/2016 fiscal year after introducing some amendments meant to cut down deficit and rationalize public spending.

The President...
Egypt's Growth Rate Hits 4.7% in Nine Months
7/3/2015 - Egypt's growth rate hit 4.7% during the period between July-March 2014/2015, the Planning Ministry said.

Unemployment rate reached 12.8% in the nine-month period, while youth unemployment d...
Luxor Governor Reviews Preparation for Investment Conference
7/7/2015 - Luxor Governor Mohamed Badr held a preparatory meeting to gear up for an investment conference in the Upper Egyptian governorates.

The conference will be held in Hurghada on September 11-12...
Mahlab Receives American Jewish Committee Delegation
7/8/2015 - Prime Minister Ibrahim Mahlab on Tuesday, 7/7/2015 received a delegation from the American Jewish Committee (AJC) currently visiting here.

The delegation offered condolences to Egypt over t...
Egypt's Urban Consumer Inflation Drops to 11.4 Pct in June
7/9/2015 - Egypt's annual urban consumer inflation dropped to 11.4 percent in June from 13.1 percent in May, the official statistics agency CAPMAS said on Thursday.

Inflation spiked in Egypt after the...
Oil & Gas Skills, Schlumberger to Set Up Technical Institute
7/12/2015 - Minister of Petroleum and Mineral Resources Sherif Ismail attended the signing ceremony of a memorandum of understanding between Oil and Gas Skills Company and US-based Schlumberger Corporation to est...
Egypt to Begin Food Imports via Direct Order
7/12/2015 - Egypt will not issue new tenders to import cooking oil, meat, frozen chicken or fruits and vegetables, the supplies ministry spokesman said.

Mahmoud Diab told Reuters by telephone that the ...
New Suez Canal Dredging Project Close to Finalize
7/13/2015 - The world's largest dredging project is close to an end as only 24 days left for inaugurating the New Suez Canal project.

A total of 251 million cubic meters of water-saturated sand have so...
Republican Decree on Electricity, Consumer Protection Agency Issued
7/13/2015 - President Abdel Fattah El Sisi issued a decree on electricity law regulating all activities and works related to electricity.

The decision, published on 12/7/2015 in the official gazette, s...

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