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Financials and Investment News in Egypt

Ibrahim Mahlab Holds Meeting on Joint Agricultural Cooperation with Sudan
8/10/2015 - Prime Minister Ibrahim Mahlab held a meeting on 9/8/2015 with Minister of Water Resources and Irrigation Hossam Moghazi and Minister of Agriculture Salah Hilal.

The meeting tackled a projec...
CBE: Annual Inflation Rate down to 6.49 % in July
8/11/2015 - The annual inflation rate declined to 6.49 per cent in July, compared to 8.07 per cent in June, said the Central Bank of Egypt (CBE).

In a statement on 10/8/2015, the CBE said that the mont...
Transferring Egyptian Experience in Free Zones, Investment Promotion to Sudan
8/15/2015 - Chairman of the General Authority for Investment and Free Zones (GAFI) Alaa Omar stressed Egypt’s keenness on transferring all expertise and experiences to Sudan in various fields of investment and bu...
45 Vessels Transit Suez Canal
8/18/2015 - Forty-five ships transited the Suez Canal on 17/8/2015 on the second week of the official operation of the new canal.

The vessels were carrying a total cargo of 2.5 million tons.

...
Construction, Tourism Contribute to Decreasing Unemployment Rate
8/18/2015 - Chairman of the Central Agency for Public Mobilization and Statistics (CAPMAS) Abu-Bakr El-Gendy said that the unemployment rate fell during the second quarter of 2105 to 12.7% compared to 13.3% in th...
President’s Sisi Visit to Russia Extremely Important
8/22/2015 - Trade and Industry Minister Mounir Fakhry Abdel Nour described President Abdel Fattah El Sisi’s visit to Russia as extremely important.

Several important files in the political and economic...
Premier Urges Finalizing Sinai Development Projects on Time
8/23/2015 - Prime Minister Ibrahim Mahlab followed up ongoing development projects in South Sinai so that they should be finalized on the set timetable, Cabinet Spokesman Hossam Qaweesh said.

During a...
Work should be Done around the Clock for Canal Corridor Projects
8/23/2015 - Prime Minister Ibrahim Mahlab stressed that giant projects are to be implemented as part of the Suez Canal development corridor and so work should be carried out around the clock.

Mahlab, ...
47 Ships Transit Suez Canal
8/24/2015 - Forty-seven ships transited the Suez Canal on 23/8/2015 in the third week of the official operation of the new canal project. The vessels were carrying a total cargo of three million tons, according t...
Sisi Meets Members of Specialized Council for Economic Development
8/24/2015 - President Abdel Fattah El Sisi met on 23/8/2015 with members of the Specialized Council for Economic Development to review its activities.

Sisi stressed that the State is giving special att...
World’s Biggest Container Ship Transits New Suez Canal
8/26/2015 - The world's biggest container ship transited the New Suez Canal on 25/8/2015, according to Suez Canal Authority Chairman Mohab Mamish.

In statements, Mamish said that the 193,000 ton-laden...
Hany Qadry Lauds Amendments to Tax Law
8/26/2015 - Finance Minister Hany Qadry has defended recent amendments made to the tax law, stressing they are meant to relax measures for citizens and support economic growth. In its new shape, the tax law is h...
Mahlab, US Delegation Discuss Tourism Cooperation
8/31/2015 - Prime Minister Ibrahim Mahlab received on 30/8/2015 a delegation of the American Chamber of Commerce currently visiting Cairo.

Tourism Minister Khaled Ramy took part in the meeting which w...
Sisi Urges Chinese Partners to Join Egypt’s Development Projects
9/2/2015 - President Abdel Fattah El Sisi urged on 2/9/2015 the Chinese companies to contribute to Egypt's development projects meant to boost the national economy.

Sisi, at a meeting with heads of a...
ENI to Degin Digging New Gas Field Discovered off Egypt Coast in January
9/2/2015 - Italy's ENI oil company is planning on 1/9/2015 to start digging operations of a super-giant natural gas field it has discovered off Egypt's Mediterranean coast in January 2016, says the first vice pr...
Sisi Meets Huawei Company Board Chairman
9/2/2015 - President Abdel Fattah El Sisi met on 1/9/2015 with board chairman of China's Huawei telecommunications company.

Spokesman for the presidency Alaa Youssef said they tackled the under-constr...
Ibrahim Mahlab chairs Cabinet Meeting to Discuss Development of Red Sea Areas
9/7/2015 - Prime Minister Ibrahim Mahlab chaired on 6/9/2015 a Cabinet meeting over the development of Halayib and Shalateen, Abu Ramad and Berenice areas in the Red Sea governorate.

Present at the m...
Hani Qadri Inaugurates Euromoney Conference
9/8/2015 - Finance Minister Hani Qadri inaugurated on 7/9/2015 the 20th session of the Euromoney Egypt Conference.

Egypt is looking forward to achieving more economic growth, especially in light of t...
Ashraf Salman: Egypt’s Economy on Mend
9/8/2015 - Minister of Investment Ashraf Salman said on 7/9/2015 that Egypt's economy was growing positively, citing the indicators of the Fiscal Year 2014/2015.

Addressing the annual Euromoney Confe...
Mahlab Arrives in Tunis on Two-day Visit
9/9/2015 - Prime Minister Ibrahim Mahlab arrived in Tunisia on 8/9/2015 for on a two-day visit to Tunisia during which he will meet with Tunisian President Beji Caid Essebsi.

Heading a high-profile de...

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