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Financials and Investment News in Egypt

Blumberg Capital Says it Decided to Invest in Egypt Following Sisi’s Meeting
9/11/2015 - Philip Blumberg, Founder and Chief Executive Officer of the Blumberg Capital Partners group of companies, said his corporation decided to invest in Egypt following a meeting with President Abdel Fatta...
Egypt Guest of Honor of China-Arab States Expo 2017
9/11/2015 - Egypt has received the badge of the “guest of honor” of China-Arab States Expo 2017, which will be hosted by Ningxia.

This came during the inauguration of China-Arab States Expo 2015, which...
Egyptian-Indian Business Council Reformed
9/11/2015 - Minister of Trade and Industry Mounir Fakhry Abdel Nour issued on 10/09/2015 a decision reforming Egypt's side at the Egyptian-Indian Business Council.

Head of the Chemical and Fertilizers ...
Hany Dahy: 70% of National Project of Roads Completed
9/12/2015 - Transport Minister Hany Dahy stressed finalization of 70% of the national project for roads reaching nearly 3,400 kilometers at investments amounting to about USD 4 billion.

The Minister po...
Mahlab, German Delegations Discuss Promoting Cooperation
9/15/2015 - Caretaker Prime Minister Ibrahim Mahlab met on 14/9/2015 three German delegations to discuss ways to promote cooperation in various fields.

Mahlab met head of the Bundestag's Committee on E...
Egyptian Petroleum Minister Urges Promoting Oil Exploration Activities
9/15/2015 - Minister of Petroleum and Mineral Wealth, who had been designated by President Abdel Fattah El-Sisi to form the new government, Sherif Ismail stressed the importance of cementing the activities of oil...
42 Vessels Transit Suez Canal
9/15/2015 - A total of 42 ships transited the Suez Canal in both directions on 14/9/2015, carrying a total cargo of 2.184 million tons, said Chairman of the Suez Canal Authority Mohab Mamish.

The south...
Sisi: Our Economic Reforms Meant to Achieve all-out Development
9/27/2015 - President Abdel Fattah El Sisi said the economic reforms carried out by Egypt reflected insistence to achieve an all-out economic development along with efforts to achieve security and stability, comb...
Egypt, World Bank Discuss Fostering Mutual Ties
10/10/2015 - Minister of International Cooperation Sahar Nasr held talks with Hafez Ghanem, the Vice President of the World Bank for the Middle East and North Africa, on fostering bilateral relations.

T...
Egypt Ranks First Worldwide in Dried Date Production
10/10/2015 - Trade and Industry Minister Tarek Qabil said Egypt comes in first place worldwide in dried date production, which reached 1.5 million tons in 2013.

In a press release on Friday, the ministe...
Three Saudi Mega Tourist Projects in Egypt
10/10/2015 - Three Saudi mega tourist projects, worth billions of dollars, will be opened in Egypt in the coming period, Minister of Tourism Hisham Zaazou said.

Speaking to the Saudi paper of Al Eqtisad...
Ashraf Salman Attends 24th Conference of FAIR
10/13/2015 - Minister of Investment Ashraf Salman attended on 12/10/2015 the inauguration of the 24th conference of the Federation of Afro-Asian Insurance and Reinsurance, (FAIR).

The conference is orga...
Sherif Ismail, Russian Envoy Probe Egyptian Agricultural Exports
10/13/2015 - Prime Minister Sherif Ismail discussed on 12/10/2015 with Russian Ambassador Sergey Kirpichenko means to boost Egyptian agricultural exports to Russia. The meeting was attended by Agriculture Minister...
Egyptian Gov’t, WB Negotiate a 3-bn-dlr Loan
10/15/2015 - The Cabinet announced that there are ongoing negotiations between the Egyptian government and the World Bank (WB) to get a three-billion-dollar loan during 2016 till 2017.

The negotiations ...
Egyptian Gov’t Works to Implement President’s Directives on Economy
10/15/2015 - Prime Minister Sherif Ismail asserted that the government is working to implement the assignments of President Abdel Fattah El-Sisi regarding the economic file with the aim of increasing growth rate, ...
Hossam Moghazi Announces Opening Four Irrigation Projects worth EGP 321 million
10/16/2015 - Minister of Water Resources and Irrigation Hossam Moghazi announced that four projects will be opened in Alexandria, Giza Behera and North Sinai during the second half of this month with costs reachin...
Ministerial Economic Group Reviews Negotiations with WB on $3 bln Loan
10/16/2015 - The economic ministerial group on 15/10/2015 held a meeting under Prime Minister Sherif Ismail to discuss negotiations between the Egyptian government and the World Bank (WB) to get a three-billion-do...
Hani Kadry Inaugurates 3rd Annual PPP Investment Summit
10/19/2015 - Minister of Finance Hani Kadry Demian inaugurated on 19/10/2015 the 3rd Annual Public-Private Partnership (PPP) Investment Conference.

The ministers of investment, planning, supply, interna...
Trade Minister in London for Talks with major British Companies
10/19/2015 - Minister of Trade and Industry Tareq Qabil arrived in the British capital London on 18/10/2015 on a several days' visit during which he will hold talks with officials of major British companies and B...
Sherif Ismail Meets with WB, AFDB Representatives
10/23/2015 - Prime Minister Sherif Ismail met on 22/10/2015 with representatives of the World Bank (WB) and the African Development Bank (AFDB).

The get-together was attended by ministers of electricit...

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