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Financials and Investment News in Egypt

Sisi Meets Vodafone CEO
Sisi Meets Vodafone CEO 3/24/2016 - Egypt's President Abdel Fattah El Sisi convened with Vodafone CEO Vittorio Colao in the presence Communication and Information Technology Minister Yasser El Qady, Spokesman for Presidency Alaa Yousef ...
Sherif Ismail: Government Adopts New Ways to Reduce Budget Deficit
3/25/2016 - The Cabinet, under Prime Minister Sherif Ismail, discussed the tasks assigned by President Abdel Fattah El Sisi to the new government.

Ismail said the government will adopt new ways for secur...
Egypt, Germany Sign Two Agreements Worth 35 million euros
3/26/2016 - Minister of International Cooperation Sahar Nasr signed with German Ambassador to Egypt Julius Georg Luy a technical cooperation agreement at a value of 25.38 million euros and a financial cooperation...
Egypt: Transportation Minister Meets ERJET Members
3/27/2016 - Transportation Minister Galal el Saeid met with the head and members of the Egyptian Railway Projects and Transport Co. (ERJET).

During the meeting, Saeid said that the company has to play an...
Sherif Ismail Paints Bleak Picture of Economy; Vows to Fight Challenges
3/27/2016 - Egypt’s Prime Minister Sherif Ismail stated that Egypt is suffering from a severe economic ?crisis and that all local institutions should work hard to overcome it.

In a 205-page ?policy state...
Egypt: 5 MOUs Signed with China In Scientific and Educational Areas
3/27/2016 - PM Sherif Ismail witnessed the signing ceremony of five MOUs with the Chinese side in scientific and educational areas, in the presence of Ms. 'Liu Jan Dong, the vice chairman of the Chinese Prime Min...
Egypt's Banque Misr in Talks for 300 mln euro Syndicated Loan
3/28/2016 - Egypt's second-largest state bank, Banque Misr, is in talks with a foreign financial institution for a 300 million euro ($334.92 million) syndicated loan to shore up its foreign currency resources, Ba...
Tareq Qabil: Two Egyptian exhibitions to be held in Iraq, Jordan
3/28/2016 - Minister of Trade and Industry Tareq Qabil said Egypt will hold two exhibitions in Iraq and Jordan soon in view of the high turnout by Arab customers on Egyptian products.

The minister's rema...
Sherif Ismail Chairs Ministerial Economic Commission Meeting
3/28/2016 - The economic ministerial committee meeting today headed by engineer Sherif Ismail, President of the Council of Ministers, in the presence of Mr. Tarek Amer, the governor of the Central Bank, where the...
Ashraf al-Araby :Govt Plans Infrastructure Investment Fund
3/28/2016 - The government is in the process of establishing a specialized fund for infrastructure investments, Planning Minister Ashraf al-Araby said.

“The government is working on establishing a major ...
Sherif Ismail: Govt Supports Textile Industry
3/29/2016 - Prime Minister Ismail Sherif stressed the government's full support for the industry file as a development drive in the coming period, especially all kinds of textile industries.

The prime mi...
Egypt Seeks to Consolidate its Economic Position at Regional, Int’l Levels
Egypt Seeks to Consolidate its Economic Position at Regional, Int’l Levels 3/30/2016 - Trade and Industry Minister Tareq Qabil said the government seeks to consolidate Egypt's position as an important investment destination at the regional and international levels.

Addressing t...
Egypt: Cabinet Approves State’s Budget, Development Plans
3/31/2016 - The Cabinet, under Prime Minister Sherif Ismail, approved the draft on the state's general budget and the economic and social development plan for the fiscal year 2016/2017.

A statement by th...
Egypt Ranks 18th Among World’s Labor Exporters
3/31/2016 - Egypt is the world’s 18th largest exporter of workers, according to an economics expert, with 3.4 million Egyptian workers representing 1.4 percent of total global labor exports by the end of 2013.
47 Ships Transit Suez Canal
4/1/2016 - Forty-seven ships transited the Suez Canal, with a total cargo of 2.7 million tons.

The south-bound convoy included 24 vessels carrying 1.3 million tons, while the north-bound convoy included...
Sahar Nasr Discusses Preparations for Egyptian-Kazakh Committee Meeting
4/1/2016 - International Cooperation Minister Sahar Nasr presided over a ministerial meeting on Friday to discuss preparations for the 5th meeting of the Egyptian-Kazakh committee for economic, scientific and te...
Egypt to Host Meeting of Agadir Trade Ministers
4/2/2016 - Cairo will host the third meeting of the trade ministers of Agadir Agreement countries.

The meeting, which will be attended by the trade ministers of Tunisia, Morocco and Jordan, is planned t...
Egypt: Housing Ministry to Offer 500,000 Residential Units
4/2/2016 - Minister of Housing, Utilities and Urban Communities Mostafa Madbouli said request for proposal will be available on April 22 for more than 500,000 social housing units.

Bid requirements shou...
Sherif Ismail: Specific Timetables to Complete Government Program Projects
4/2/2016 - PM Sherif Ismail confirmed that the Program of Action of the government which is currently presented to the parliament where the duration of the period of about 27 months ending up at the fiscal year ...
Sisi, Salman Attend Ceremony of Signing of $ 3bn-Agreements
4/2/2016 - Saudi King Salman ben Abdel Aziz will start a two-day visit to Egypt.

President Abdel Fattah El Sisi and King Salman will discuss means of promoting bilateral relations in several fields as w...

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