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Financials and Investment News in Egypt

Egypt Signs 100 Mln euro EBRD Loan for Metro Upgrade
12/8/2015 - Egypt signed a 100 million euro loan agreement with the European Bank for Reconstruction and Development (EBRD) on Tuesday to upgrade Cairo's second metro line.

The loan will be used to fin...
Sisi to Start Three-day Visit to Greece
12/8/2015 - President Abdel Fattah El Sisi will arrive in Athens on a three-day visit for talks with Greek officials.

The talks will tackle ways to promote bilateral relations in all political, economic ...
Aviation Sector Brings Revenues Worth $2bn to Egypt
12/9/2015 - Minister of Civil Aviation Hossam Kamal said on Tuesday that the aviation sector brings revenues worth two billion dollars to Egypt.

The figure represents 1.2 percent of Egypt's gross domesti...
Egypt-Greece Business Council Discusses Joint Investments
12/9/2015 - Board Chairman of the Egyptian Businessmen Association Hussein Sabbour the third round of meetings of the Egyptian-Greek Business Council held in Athens witnessed several meetings between Egyptian and...
Meat, Fish Prices Rose in November 2015.
12/9/2015 - Meat and fish prices rose in November, according to a report issued by the Cairo Chamber of Commerce.

Beef went up from LE65 per kilo in October to LE66 per kilo, lamb from LE91 to LE92, c...
Egyptian-Sudanese Investment Forum to be Launched15 DEC. 2015
12/13/2015 - The East Africa Business Council (EABC) is organizing the Egyptian-Sudanese Investment Forum which will take place on Tuesday 15/12/2015 under the auspices of the Egyptian Businessmen’s Association.
Sisi Meets German Minister on Economic Cooperation
12/15/2015 - President Abdel Fattah El Sisi received German Minister of Economic Cooperation and Development Gerd Muller.

Sisi lauded the bilateral ties binding Egypt and Germany pointing to the positive ...
World Bank's Loan Gives Credibility to Egypt's Economy
12/15/2015 - Prime Minister Sherif Ismail said that the World Bank's approval of a US$3-billion loan gives credibility to Egypt and its economy.

"The three-year loan is aimed at providing Egypt with its i...
Egypt to Hold 4G Communication Technology Tender by End of 2016
12/16/2015 - Egypt will begin the tender process for high-speed 4G frequencies for the country’s four communication providers by the end of 2016, Communication and Information Technology Minister Yasser el-Qady sa...
Tarek Qabil Stresses Important Role of WTO
12/17/2015 - Trade and Industry Minister Tarek Qabil underlined the important role of the World Trade Organization (WTO) in serving the development goals for its members especially developing countries.

...
Egypt to Receive a $200 Million Grant from China
12/17/2015 - Egypt expects to sign a $200 million grant deal with China during the latter president’s visit to Cairo scheduled in January 2016, state news agency MENA reported on Thursday citing Sahar Nasr, Minist...
World Bank Approves $3 Billion Loan for Egypt
12/18/2015 - The World Bank has approved a $3 billion loan to Egypt, to be disbursed over the next three years, International Cooperation Minister Sahar Nasr said in a statement.

Nasr said that the loan d...
Egypt Keen on Comprehensive Development in Upper Egypt
12/19/2015 - Egypt is keen on achieving comprehensive development in the Upper Egyptian governorates, President Abdel Fattah El Sisi said.

Sisi considered his inauguration of a fertilizers factory in Fayy...
Tarek el Molla Meets with Bahraini Counterpart in Cairo
12/19/2015 - Petroleum and Mineral Resources Minister Tarek el Molla met with his Bahraini counterpart Abdul Hussain Mirza.

Mirza is currently visiting Egypt to take part in the 95th meeting of the Organ...
Sherif Ismail, UAE Minister Discuss Bilateral Relations
12/19/2015 - Egyptian Prime Minister Sherif Ismail received UAE Minister of State Sultan Ahmed Al Jaber and his accompanying delegation representing the Coordination Office of the UAE-funded Development Projects ...
Sisi: Egypt to Continue Economic Reform
12/20/2015 - President Abdel Fattah El Sisi said Egypt should continue economic reforms.

The remark was made at a meeting with Prime Minister Sherif Ismail, International Cooperation Minister Sahar Nasr ...
Sisi Asserts Importance of Developing Egypt Ports
12/20/2015 - President Abdel Fattah El Sisi asserted the importance of implementing projects to develop Egyptian ports particularly that related to the economic zone of the Suez Canal.

This will contribu...
Egypt’s Trade Balance Deficit Declines 22.1% in Sep. 2015
12/21/2015 - Egypt's trade balance deficit reached LE29.49 billion in September, representing a 22.1 percent decrease compared to LE37.86 billion in the same month last year, the Central Agency for Public Mobiliza...
Tareq Qabil Accreditation Development Top Priority
12/22/2015 - Trade Minister Tareq Qabil said that developing the accreditation system is a priority to the Trade and Industry Ministry in the current period to increase the competitiveness and quality of Egyptian ...
Prime Minister Chairs Meeting of the Tourism Promotion
12/28/2015 - Within the framework of the Government's efforts to activate the movement of tourism, PM Sherif Ismail held a meeting today in the presence of the ministers of the Interior, tourism, transportation, a...

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