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Financials and Investment News in Egypt

Sherif Ismail Chaired Economic Ministerial Committee Meeting
12/28/2015 - PM Sherif Ismail, held meetings to the Ministerial Committee on Economic, in the presence of the governor of the Central Bank, and ministers of planning, housing, electricity, supply and internal trad...
Sherif Ismail Chairs Long Live Egypt Fund Board
12/29/2015 - Prime Minister Sherif Ismail chaired a board meeting of Long Live Egypt Fund that brought together Ministers of Planning Ashraf El Araby, Supply Khaled Hanafy, Social Solidarity Ghada Wali, Investmen...
Egypt to receive $500 million from African bank
12/30/2015 - Egypt will receive "within hours" $500 million as part of a loan from the African Development Bank (AfDB), Minister of International Cooperation Sahar Nasr told Ahram Online.

The sum, which i...
Hisham Zaazou: 2016 to See Strong Revival of Tourism
1/2/2016 - Tourism Minister Hisham Zaazou expressed happiness that Egypt is taking part, for the first time, in worldwide celebrations of New Year's Eve.

Zaazou made the remarks in a celebration held a...
Sisi, Mamish Discuss East Port Said Harbor’s sub-Canal
1/3/2016 - President Abdel Fattah El Sisi met with Suez Canal Authority chief Mohab Mamish.

Presidential Spokesman Alaa Youssef said that Mamish reviewed the latest developments of a project of a new ...
Suez Canal Economic Zone Board Holds 1st Meeting
1/3/2016 - The board of the General Authority for Suez Canal Economic Zone held its first meeting in which it approved all agreements and undertakings that were signed before its formation.

During the...
58 Ships Transit Suez Canal
1/4/2016 - As many as 58 ships transited the Suez Canal in both directions, carrying a record total cargo of 3.6 million tons.

The south-bound convoy included 35 vessels, carrying about 2.1 tons, while ...
Egypt Cabinet’s Economic Group to Revise Importers’ Record
1/5/2016 - The economic ministerial group of the Cabinet under Prime Minister Sherif Ismail decided to revise the record of importers to amend law No.121/1982.

The step will be considered by the Federat...
255 Tourists Arrive at Sharm El Sheikh Port
1/8/2016 - As many as 255 tourists of different nationalities and 173 crews arrived at Sharm El Sheikh port to visit tourist attractions in the resort city.

They arrived on board a ship coming from Jord...
Egypt, Cyprus Discuss Food Exports to EU
1/8/2016 - Supply and Internal Trade Minister Khaled Hanafi discussed with visiting Cypriot Agriculture and Environment Minister Nicos Kouyialis ways of increasing trade exchange.

The meeting tackled Eg...
Production at Egypt's Biggest Gold Mine Rose 16% in 2015
1/8/2016 - Global gold miner Centamin announced preliminary production results from its Egyptian Sukari mine for 2015, recording a 16 percent rise compared with the previous year, the company said in an e-mailed...
254 Tourists Arrive at Hurghada on Board Cruise Ship
1/9/2016 - As many as 254 tourists of different nationalities arrived at Hurghada port .

Passport procedures were finalized aboard the ship, said Abdel Rehim Moustafa, the media spokesman for the Red Se...
Egypt, Sudan discuss Cooperation
1/10/2016 - Foreign Minister Sameh Shoukry met with his Sudanese counterpart Ibrahim Ghandour who is visiting Egypt for talks.

The talks reflected the historical relations between the two countries an...
Egypt Seeks $1bln Loan from Chinese Bank
1/11/2016 - Egypt will borrow one billion dollars in a concessional loan from a Chinese bank, to finance the establishment of sanitation networks in the country's Nile Delta villages, the state's official news ag...
Sherif Ismail on Visit to Aswan to Open Number of Projects
1/11/2016 - PM Sherif Ismail went to Aswan Governorate, for the opening of the Museum of the Nile, and the number of service projects which concern the citizens in the governorate.

The prime minister is ...
Chinese President’s Egypt Visit Important to Develop Ties
1/12/2016 - Chinese President Xi Jinping’s upcoming Egypt visit is an important step to develop economic and political relations between the two countries, Trade and Industry Minister Tareq Qabil said.

D...
Sherif Ismail Discusses Challenges Facing the Egyptian Economy
1/13/2016 - The PM Sherif Ismail met with Mr. Tarek Amer, CBE governor, Dr. Farouq Al-Okda, former governor of the Central Bank and the economist Dr. Mohamed Al Erian, Mr. Hani Qadri, Minister of Finance, Mr. Ash...
Egypt Aims to Reduce Import Bill by 25 pct in 2016
1/15/2016 - Egypt aims to reduce its import bill by 25 percent in 2016 compared to the previous year after the central bank imposed sweeping new import controls last month, its governor told Reuters.

The...
Mamish: Suez Canal Achieves Increase in Revenues
1/16/2016 - Suez Canal Authority Chairman Mohab Mamish said that the Suez Canal achieved an increase in revenues worth about EGP 250 million since the opening of the new international waterway last August.
Egypt Receives $1.6 bn Loan from China in Budget Support
1/17/2016 - The Central Bank of Egypt will receive a US$1.5 billion loan from China during a visit by China’s President Xi Jinping next week, a high-profile banking source told Al-Masry Al-Youm .

The ...

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