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Financials and Investment News in Egypt

Sisi Opens African Business Forum
2/20/2016 - Egypt’s President Abdel-Fattah El-Sisi opened a two-day forum on business investment in Africa in Sharm El-Sheikh, telling attendees that “achieving development is one of the main challenges facing Af...
Egypt: New Strategy for Investment Cooperation with Africa
2/20/2016 - Investment Minister Ashraf Salman announced a new strategy of investment cooperation between Egypt and African countries which will be launched during Africa Forum 2016 in Sharm el Sheikh.

Th...
Egypt:240 Local,Foreign Companies Taking Part in Metal & Steel Exhibition
2/20/2016 - More than 240 local and foreign companies from 26 countries are participating in the 7th round of the Metal & Steel Middle East Exhibition currently held in Cairo, Chairman of the Industrial Developme...
ADB to Support Egypt’s New Capital with US$1.5 bn
2/20/2016 - The African Development Bank has vowed to provide a US$1.5 billion contribution to the financing of Egypt’s New Administrative Capital project.

The announcement was made by bank chief Akinwum...
Orascom projects in Ethiopia delayed, not cancelled
2/21/2016 - Samih Sawiris, Chairman of Orascom Development Holding, has blamed the delayed investment of his company in Ethiopia on Egypt’s stance in negotiations with Addis Ababa over the controversial Renaissan...
Egypt, Sudan Discuss Bilateral Cooperation
2/21/2016 - Engineer Sherif Ismail met Dr. Mudesir Abdul Ghani, Sudanese Minister of Investment, on the sidelines of his participation in the African Forum of trade and investment in Africa, held in Sharm el-Shei...
Sharif Ismai Opens The First World Conference of Suez Canal
2/22/2016 - Engineer Sharif Ismail, chairman of the Council of Ministers stated that the draft project of New Suez Canal was part of an ambitious plan to get the Egyptian economy to track, the starting point for ...
CBE Widens Exceptions on Import Restrictions
2/23/2016 - Egypt's central bank excluded manufacturing inputs, spare parts and computers from a measure requiring importers to provide 100 percent cash deposits at banks on their letters of credit, the bank said...
Egypt Hopes to Issue International Bond by End-June 2016
2/23/2016 - Egypt's government hopes to return to the international bond market with a debt issue by the end of June, Egyptian Finance Minister Hany Kadry Dimian said.

Speaking to reporters on the sideli...
Egypt Launches Final Sustainable Development Strategy for 2030
2/24/2016 - Egypt launched on Wednesday the final draft of the country's sustainable development strategy for the next 15 years with the aim to raise Gross Domestic Product (GDP) growth to 12 percent in 2030, up ...
Sherif Ismail: Steps to Support Tourism Sector
2/24/2016 - Prime Minister Sherif Ismail said that the government has taken many steps in support of the tourism sector and planned to lure more visitors and investors in the sector.

The remarks came dur...
Egypt: CBE to Fund Small Projects for Youth
2/25/2016 - Central Bank of Egypt (CBE) Governor Tarek Amer delivered a speech on the executive steps of the initiative of President Abdel Fattah El Sisi to fund small projects for youths.

The banking se...
Sherif Ismail Inaugurates East Port Said Canal
2/25/2016 - Prime Minister Sherif Ismail has officially inaugurated East Port Said Canal, allowing the start of navigation operations.

The new project was executed in cooperation with the US Great Lak...
G20 Kicks off in Shanghai with Egypt’s 1st Participation
2/27/2016 - Financial leaders from the G20 nations gathered in Shanghai and Egypt takes part for the first time as a guest of honor.

The meetings’ agenda covers the current world economic situation, sust...
Egypt, World Bank Official Discuss Cooperation
2/27/2016 - Environment Minister Khaled Fahmy with Manager of World Bank's Middle East and North Africa Department Benoit Blarel and his accompanying delegation.

They discussed means of boosting bilatera...
Egypt, Kazakhstan Attach great Importance to Investment
2/27/2016 - President Abdel Fattah El Sisi asserted that Egypt and Kazakhstan attach great importance to the role of investment and trade in achieving social and economic development, noting that private sector i...
Egypt to Sign Soft Loans of $575 mln with Japan, South Korea
Egypt to Sign Soft Loans of $575 mln with Japan, South Korea 2/28/2016 - Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575 million to finance projects in energy and transportation, an official source familiar with ...
Eni to Invest US$2 Billion in Egypt in 2017
Eni to Invest US$2 Billion in Egypt in 2017 2/28/2016 - The Italian multinational oil and gas company Eni will add US$2 billion to Egypt's investments in the first quarter of 2017 through its Zohr natural gas field, which was discovered in August 2015, a s...
Sherif Ismail Meets delegation of Sky Power Energy Company
2/28/2016 - Engineer Sherif Ismail, President of the Council of Ministers, met today a delegation from the sky power, Canada-US, which works in the field of generating energy from new and renewable sources under ...
Mahlab Inspect East Port Said Harbor Projects
2/29/2016 - Presidential Adviser for National Projects Ibrahim Mahlab and Head of the Armed Forces Engineering Authority Kamel el-Wazir inspected the current development works at the East Port Said harbor.

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