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Financials and Investment News in Egypt

Moody's Praises Egypt's New Measures to Limit Consumer Loans
1/18/2016 - The international credit agency Moody's said that the Central Bank of Egypt's (CBE) recent measures – which aim to limit retail and consumer loans and reduce the concentration of loans to corporations...
Sisi Reviews Exports Increase Efforts with PM, CBE Governor
1/19/2016 - President Abdel Fattah El Sisi reviewed the government's efforts to increase the volume of exports at a meeting with Prime Minister Sherif Ismail, Governor of the Central Bank of Egypt Tarek Amer, Fin...
Chinese President Visit to Egypt Aims to Strengthen Ties
1/19/2016 - Chinese President Xi Jinping will start his two-day visit to Egypt, discussing bilateral ties and regional matters with Egyptian President Abdel-Fattah El-Sisi.

His visit comes as part of a 1...
China's president to Visit Egyptian Parliament
1/19/2016 - Chinese President Xi Jinping has requested to visit Egypt's newly formed parliament during his two-day trip to the country, speaker Ali Abdel-Al disclosed in a meeting with MPs on Tuesday.

"B...
Egypt, China Agree to Establish Opera House in Luxor
1/20/2016 - Culture Minister Helmy Namnam said that Cairo and Beijing agreed on building an opera house in Luxor as a symbol for the strong relations linking both countries.

The minister made the remarks...
Sherif Ismail Met with the Chinese Central Bank Governor
1/20/2016 - At the beginning of the meeting welcomed the prime minister visited the Chinese president and his entourage, as well as the chairman of the Chinese central bank, expressing appreciation for the fact t...
Int’l Cooperation Minister Wraps up China Visit
1/20/2016 - Egypt’s International Cooperation Minister Sahar Nasr left Beijing wrapping up a four-day visit to China.

Nasr represented Egypt at the opening session of launching the Asian Infrastructure I...
Sherif Ismail Meets Chinese President
1/21/2016 - Prime Minister Sherif Ismail held a meeting with visiting Chinese President Xi Jinping.

During the meeting, the Chinese President said he was happy to visit Egypt for the first time and haile...
Egypt: Xi visit Chinese exhibition for advanced Technology
1/21/2016 - Prime Minister Sherif Ismail and Chinese President Xi Jinping visited the Chinese advanced technology exhibition hall in Cairo.

The exhibition, held on the sidelines of the Chinese president'...
Egypt, China Presidents Attend Signing of 21 Agreements
1/21/2016 - President Abdel Fattah El Sisi and his visiting Chinese counterpart Xi Jinping attended the signing of 21 agreements and Memos of Understanding (MoUs) at the conclusion of their talks in the president...
Egypt, China Sign Deal Over Technological Zones
1/22/2016 - Egypt's Telecommunications and Information Technology Minister Yasser el Qady signed a Memorandum of Understanding with President of China's Tus-Holdings company Wang Jiwu.

Upon this deal, th...
Egypt, Netherlands Seek Enhancing Economic Cooperation
1/23/2016 - International Cooperation Minister Sahar Nasr conferred with Dutch Ambassador in Cairo Gerard Astejs on aspects of economic cooperation between the two countries.

During their meeting in Cair...
Egypt: Subway Kiosks up for Tender in February 2016
1/24/2016 - Kiosks meant to provide jobs for youth and improve sales at Cairo’s subway stations will be put up for a tender in February, the Egyptian Company for Metro Management and Operation said .

...
Egypt, Russia to Sign MoU to Establish Industrial Zone
1/25/2016 - A Russian delegation headed by minister of trade and industry is scheduled to meet Egyptian counterparts next week to sign number of MoUs between both countries, including a deal to build a Russian in...
Egypt:$60M from "IFAD" for Supporting Agriculture Sector
1/26/2016 - The International Fund for Agricultural Development (IFAD) has decided to finance a new project on developing the irrigation system for 500,000 feddans.

This will be through the allocating of...
Egypt Investments in Africa worth $7.9 bn
1/27/2016 - Investment Minister Ashraf Salman said that Egypt's direct investments in Africa amount to some 7.9 billion dollars.

Salman said during a press conference to review preparations for an Africa...
Egypt Signs MOU with Chinese Company to Build Olympic Park
1/27/2016 - Egypt signed a memorandum of understanding with China Rail Group Limited to construct an Olympic park and six government buildings in the new administrative capital, Minster of Housing, Moustafa Madbo...
Egypt Central Bank keeps Main Interest Rates Unchanged
1/29/2016 - Egypt's central bank kept benchmark interest rates unchanged , it said in a statement.

The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 percent and the overnight le...
Egypt,Africa Cooperation at Investment Forum
1/30/2016 - Presidents of Gabon, Sudan, Senegal and Nigeria said that they will participate in the African investment forum, which will be held on February 20-21 in Egypt's Red Sea resort Sharm El Sheikh.
World Bank Reveals Details on Egypt's $3 bn Loan
1/31/2016 - The World Bank revealed Saturday details of the US$3 billion loan to the Egyptian government which entail reducing the government’s wages bill, energy subsidies, while raising tax revenue and electric...

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