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Financials and Investment News in Egypt

Sisi Meets President of Mitsubishi Heavy Industries
2/29/2016 - President Abdel Fattah El Sisi received at his residence in Tokyo the presidents of Mitsubishi Heavy Industries and Mitsubishi Hitachi Power Systems in the presence of Electricity Minister Mohamed Sha...
New Investments to be Pumped to Finalize Upper Egypt Projects
3/1/2016 - Prime Minister Sherif Ismail said that new investments would be channeled to complete all underway projects in Upper Egypt to be fully operational.

"Upper Egypt governorates will be given a...
Sherif Ismail Met a Delegation of Arab Ministers of Agriculture
3/1/2016 - Engineer Sherif Ismail, chairman of the Council of Ministers, met a delegation comprising a number of Arab ministers of agriculture from Kuwait, Somalia, Palestine, Lebanon, Sudan, Jordan, in the pres...
Long-Term Strategic Cooperation Launched Between Egypt, Russia
3/2/2016 - Egypt's Minister of Communications and Information Technology (MCIT) Yasser El Kady said a visit, currently being paid to Cairo by Russian Minister of Communications and Mass Media Nikolai Nikiforov, ...
Sherif Ismail Tours 10th of Ramadan City Industrial Zone
3/2/2016 - Prime Minister Sherif Ismail inspected a number of factories at the industrial zone in 10th of Ramadan City.

Flanked during the tour by the trade and industry minister and the Sharqia governo...
Egypt, Japan Sign Several Agreements Worth US$17 Billion
3/2/2016 - Egypt and Japan have signed several agreements and memorandums of understanding on the sidelines of the tenth meeting of the Egypt-Japan Business Council in Tokyo.

Three bilateral agreemen...
Egypt: Revenues of Public Business Sector hit EGP 2.1 bln
3/2/2016 - The revenues of the public business companies hit 2.1 billion pounds during the last seven months of 2015, Investment Minister Ashraf Salman said.

About 260 million pounds were channeled to t...
Sisi, Park Attend Signing of 9 Cooperation Agreements
3/3/2016 - President Abdel Fattah El Sisi and his South Korean counterpart Park Geun-hye attended the signing ceremony of nine agreements on joint cooperation in several fields including higher education, justic...
Tareq Qabil Receives Invitation to Visit Poland
3/3/2016 - Trade and Industry Minister Tareq Qabil received an invitation from Polish Deputy Prime Minister and Minister of Development Mateusz Morawiecki to visit Warsaw on top of an Egyptian business delegatio...
Sahar Nasr: Egypt Has Promising Investment Opportunities
3/3/2016 - Egyptian Minister of International Cooperation Sahar Nasr stressed profound partnership between Egypt and Japan and keenness of both sides on enhancing cooperation for the best interests of both peopl...
Darwish in Talks Over Investments in Suez Canal Zone
3/3/2016 - Developing the Suez Canal is an Egyptian dream that aims at optimizing on the outstanding geographic location of the waterway by providing value added services, said head of the General Authority of S...
51 Ships Transit Suez Canal
3/4/2016 - Fifty-one ships transited the Suez Canal , with a total cargo of 2.6 million tons.

The south-bound convoy included 25 vessels carrying 1.1 million tons, while the north-bound convoy included ...
Egypt Participates in ICANN Meeting
3/5/2016 - Minister of Communications and Information Technology Yasser Al Qadi left Cairo for Morocco to take part in the Internet Corporation for Assigned Names and Numbers (ICANN) third High Level Governmenta...
Egyptian Consulate in Shanghai Holds Seminar on Foreign Investments
3/5/2016 - The Egyptian General Consulate in Shanghai held a seminar on the legislative structure related to foreign investments in Egypt.

The seminar reviewed the most prominent Egyptian laws and regul...
Plan to Establish New City in Eastern Suez Canal
3/6/2016 - Suez Governor Ahmed el-Haitmi said that a general plan will be sent to the political leadership to establish a new city in eastern Suez Canal in Oyun Musa.

The plan includes houses, a factory...
Moustafa Madbouli Starts Tour of China, Kazakhstan
3/6/2016 - Housing Minister Moustafa Madbouli left Cairo for Beijing, China, to attend a number of meetings and activities in preparation for starting the implementation of Egypt's new administrative capital.
Sisi Attends Signing Ceremony of MoU Between SCEZ, IFEZ
Sisi Attends Signing Ceremony of MoU Between SCEZ, IFEZ 3/6/2016 - President Abdel Fattah El Sisi, during a visit to South Korea attended the signing ceremony of a memorandum of understanding between the General Authority for the Suez Canal Economic Zone (SCEZ) and I...
S.Korea to Provide Egypt with $3 bln Financial Package
3/6/2016 - South Korea has vowed to provide Egypt with a financial package worth $3 billion for export credits and to develop infrastructure in the transport, energy and water resources sectors, the Egyptian pre...
Tarek Qabil: Exports Main Source of Egypt’s foreign Currency
3/7/2016 - Egyptian exports became the main source of foreign currency in Egypt, especially after money transfers from abroad had receded, Industry Minister Tarek Qabil said.

At a press conference durin...
Telecom Egypt Sees 107pct Jump in Net Profits for 2015
3/7/2016 - Telecom Egypt (TE), which has a monopoly on the country's landlines, posted a whopping leap of 107 percent in its consolidated net profits for 2015 compared to the year before, the state-owned company...

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