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Financials and Investment News in Egypt

75 Percent of Dredgers in World Used in Dredging New Suez Canal
7/31/2015 - Head of the Suez Canal Authority Mohab Mamish said on 30/07/2015 that the largest dredging operation in history was recorded while digging the New Suez Canal.

In Statements, Mamish added t...
Delegation of ICS Tours New Suez Canal
7/31/2015 - Head of the Suez Canal Authority Mohab Mamish received a high-profile delegation from the International Chamber of Shipping (ICS).

The delegation made a tour of the New Suez Canal project d...
Investors from World Countries Seek Operating in Suez Canal Axis
8/1/2015 - Investment Minister Ashraf Salman said that the ministry has received a number of letters of intent for investment in the Suez Canal axis development projects from investors from Saudi Arabia, Kuwait,...
Ibrahim Mahlab Thanks GE Company for Cooperation with Egypt in Power Projects
8/3/2015 - Prime Minister Ibrahim Mahlab has extended thanks to ‘General Electric Company officials for their efforts in implementing electricity projects as part of the country’s urgent plan to resolve power pr...
Egyptian Scientific Research Ministry Starts Plan for Settling Development Problems in South Sinai
8/3/2015 - The Scientific Research Ministry started to implement projects, initiatives and national projects to find nontraditional solutions which will contribute to solving the problems which hurdle the develo...
Mamish: New Canal Provides more than million Jobs
8/3/2015 - Chairman of the Suez Canal Authority Mohab Mamish said the New Suez Canal project will provide more than one million jobs during the coming five years.

Mamish said the New Suez Canal inaugu...
New Suez Canal Proves Egypt’s Ability to Achieve Mega Projects
8/3/2015 - Prime Minister Ibrahim Mahlab said on 2/8/2015 that the New Suez Canal proves to the world that Egypt is able to achieve mega projects.

During a meeting with Finance Minister Hani Qadri and...
Egypt Defies Time to Complete New Suez Canal Project
8/4/2015 - The inauguration of the new Suez Canal is evidence that the stability has returned and that an environment exists in which things can be done, businesses can grow, banks can lend, and people can hope,...
Egyptian Ministerial Economic Panel Probes Upgrading Metro Stations, Securing Antiquities
8/4/2015 - The ministerial economic committee held a meeting on 3/8/2015 under Prime Minister Ibrahim Mahlab and in the presence of the ministers of planning, petroleum, supply, electricity, finance, internatio...
Mamish: New Suez Canal is a Step towards Development
8/5/2015 - Chairman of the Suez Canal Authority Mohab Mamish said the New Suez Canal planned to open on 8/6/2015 is a first step towards development.

Mamish added the work in the Suez Canal Corridor ...
New Suez Canal Turns Egypt into Global Logistics Hub
8/5/2015 - Minister of Supply and Internal Trade Khalid Hanafi, said on 5/8/2015 that the New Suez Canal project and the development of the channel axis is undoubtedly the giant project of the 21st century.
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Abdel Wahid El-Nabawi Inspects New Suez Canal Celebrations Sites
8/5/2015 - Culture Minister Abdel Wahid El-Nabawi inspected on 4/8/2015 the theaters and open spaces designated for celebrations to be held to mark the inauguration of the New Suez Canal.

Ismailia g...
Expanding Suez Canal Waterway to Turn Area into Economic Hub
8/5/2015 - Transport Minister Hani Dahi stressed on 5/8/2015 that expanding the Suez Canal waterway will turn the area into an economic and industrial hub.

"We should not rush the economic benefits o...
Reviving Trade Liberalization Negotiations with African Countries
8/8/2015 - Minister of Trade and Industry Monir Fakhry Abdel-Nor said contacts are under way to sign trade liberalization agreement with Nigeria and Senegal in preparation for the signing of trade liberalization...
Egypt Economy to Rebound after Launching New Canal
8/8/2015 - The inauguration of the New Suez Canal and the start of development projects along its corridor will help the Egyptian economy rebound, Minister of Transitional Justice And Parliamentary Affairs Ibrah...
54 Ships Transit Suez Canal
8/8/2015 - As many as 22 ships transited the New Suez Canal on the first day of operation as part of the north-bound convoy, said a source at the Suez Canal Authority (SCA) on 07/08/2015.

The source ...
CAPMAS: USD 5.6 billion Total FDI in 9 months
8/8/2015 - The net foreign direct investment (FDI) has increased to reach USD 5.6 billion during the period from July to March of the fiscal year 2014/2015 against USD 2.96 billion during the same period of the ...
Fortune Magazine: New Suez Canal: Great Step for New Egypt
8/9/2015 - The US Fortune Magazine said that success of the New Suez Canal that was launched in Egypt on Thursday can’t be measured through the number of ships transiting the international waterway or its revenu...
Hani Qadri: Revenues up by 3.3bn pounds in 2014/2015
8/9/2015 - Finance Minister Hani Qadri said that the revenues from customs and taxes have increased by 3.3 billion Egyptian pounds during the fiscal year 2014/2015.

In statements, the minister said t...
Mahlab Gives Instructions to Develop Corniche, Qasr El Nil Bridge
8/9/2015 - Prime Minister Ibrahim Mahlab on 8/8/2015 has given instructions to develop Nile Corniche in Cairo and Qasr El Nil Bridge.

At a meeting attended by the ministers of environment, irrigation ...

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