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Financials and Investment News in Egypt

Sherif Ismail Headed Ministerial Economic Commission Meeting
3/7/2016 - PM Sherif Ismail held a meeting with the Ministerial Committee on Economic, in the presence of the governor of the Central Bank, and ministers of planning, logistics, electricity, finance, investment,...
Chinese Firm start Drilling at Administrative Capital site in April 2016
3/8/2016 - The Chinese construction firm CSCEC will start drilling work on the site of Egypt's new administrative capital in early April, said Housing Minister Mostafa Madbouli.

The government signed co...
Egypt's Mobile Operator Mobinil Officially Rebrands as Orange
3/8/2016 - Egypt’s second largest mobile operator Mobinil has officially adopted the brand of French multinational Orange, one of the world’s leading telecommunications operators, the company announced at a Cair...
Mahlab review Boosting Investments in Egypt
3/8/2016 - Presidential Assistant for national projects Ibrahim Mahlab had talks - during his visit to Nigeria on March 4-6 - with Nigerian mogul Aliko Dangote, the Egyptian Embassy in Abuja said in a statement....
Central Bank Removes Dollar Deposits Cap for Companies
3/9/2016 - The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and withdrawal by companies.

The CBE's move came, just hours after it removed a si...
India Keen to Boost Economic Cooperation With Egypt
3/9/2016 - India's Ambassador to Egypt Sanjay Bhattacharyya said his country is keen on boosting economic cooperation with Egypt, focusing on trade and investment.

In an interview with the Indian PTI ne...
Cyprus Transport Min. briefed about Investment Chances in Suez Canal Area
3/9/2016 - Deputy Chairman of Suez Canal Economic Zone Authority Abdel Qader Darwish held a meeting Tuesday with Cyprus Minister of Transport Marios Demetriades to discuss investment opportunities in Suez Canal ...
Egypt :Agriculture Minister Receives FAO Delegation
3/9/2016 - Minister of Agriculture Essam Fayed received a delegation from the Food and Agricultural Organization (FAO) currently visiting here to be briefed on Egypt's plan to cultivate 1.5 million feddans.
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Egypt Develops Comprehensive Plan for Sustainable Economic Growth
3/11/2016 - International Cooperation Minister Sahar Nasr said that Egypt developed a comprehensive economic program to achieve sustainable development.

The minister made the remarks while addressing the...
Tarek Qabil: Indian industrial zone in Suez Canal
 Tarek Qabil: Indian industrial zone in Suez Canal 3/11/2016 - The government is keen on providing a climate conducive to investment in order to increase foreign investments in the Egyptian market during the upcoming phase, affirmed Trade and Industry Minister Ta...
Egypt, Germany Discuss Joint Projects
3/12/2016 - Minister of International Cooperation Sahar Nasr met with German Ambassador to Egypt Julius Georg Luy.

They discussed preparations for a meeting of the joint ministerial committee that will b...
MARLOG 5 Conference Kicks off in Alexandria
3/13/2016 - The Fifth International Maritime Transport and Logistics Conference (MARLOG 5) kicked off in the Egyptian coastal city of Alexandria.

The conference is held in cooperation with the Internatio...
Sisi Orders to Complete Studies of Furniture City Project in Damietta
Sisi Orders to Complete Studies of Furniture City Project in Damietta 3/13/2016 - President Abdel Fattah El Sisi met with Prime Minister Sherif Ismail, Supply and Internal Trade Minister Khaled Hanafy and Trade and Industry Minister Tarek Qabil.

Presidential Spokesman Alaa...
Egypt's Public Banks to Issue Euro Certificates for Citizens Abroad
3/13/2016 - Egypt's three largest state-owned banks will offer Euro-denominated certificates to Egyptian expats starting at a minimum of €100 and its multiples, state news agency MENA reported, citing the nationa...
Hisham Zaazou in Russia to Discuss Resuming Flights to Egypt
3/13/2016 - Tourism Minister Hisham Zaazou will head for Russia to meet senior officials and discuss ways to resume flights to Egypt.

Zaazou along with officials from the Ministry of Tourism will fly to ...
Qabil: Value of Egypt’s Exports in Feb. hit $1.5bn
3/14/2016 - Industry Minister Tareq Qabil announced that Egyptian industrial exports achieved an improvement in February as their value hit about $1.5 billion, against $1.4 billion in February last year.

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Egypt, KFAED Sign dlr 108 mln Loan Deal
3/16/2016 - Egypt and the Kuwait Fund for Arab Economic Development (KFAED) signed a 108 million dollar loan deal for financing the 1.7 billion dollar power station in south Helwan.

International Coopera...
Egyptian, Belarusian Trade Ministers Witness Inking of Cooperation Deals
3/16/2016 - Trade Minister Tarek Qabil and his Belarusian counterpart Vladimir Koltovich witnessed the inking of several cooperation deals between the two countries.

Egypt and Belarus inked a cooperation...
CBE to Sell 1.5 bn Dollars to Cover Import Operations
3/16/2016 - Governor of the Central Bank of Egypt (CBE) Tarek Amer said the bank will sell dlrs 1.5 billion dollars in a new exceptional auction at a price of 8.85 LE per dollar.

Amer said the new auctio...
Egypt:Cabinet Urges Maintaining Strategic Industries
3/17/2016 - The cabinet called for maintaining the strategic industries due to their major role in supporting the Egyptian economy and protecting national security.

The cabinet expressed determination to...

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