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Financials and Investment News in Egypt

IMF Concludes Fortnight Mission for Egypt’s EFF 4th Review
11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regarding the fourth review of Egypt's $8 billion Extende...
Egypt Engineering Industry Exports Grow By 25.6% in 9 Months: Export Council
11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching $3.936 billion, up from $3.133 billion during the...
EBRD Extends €50 Mln Loan to CIB to Support Smes in Egypt
11/20/2024 - The European Bank for Reconstruction and Development (EBRD) has extended a 50-million-euro loan to the Commercial International Bank (CIB), a publicly listed Egyptian bank, to promote the growth of sm...
Prime Minister Meets With President of The Korea International Cooperation Agency
11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sam, President of the Korea International Cooperatio...
Masdar-Led Consortium to Develop 1.2 GW Solar Power Projects in Egypt
11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, witness the...
Egypt, Australia Trade Volume Reaches $650M in 2023
11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to $650 million in 2023.

This positive t...
Cabinet Holds Weekly Meeting to Review Important Files
11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to address several topics, including the participation o...
Egypt’s Pm Meets Korean International Cooperation Agency Head
11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting at the government headquarters in the New Administrative Capital with Mr. Chang Won Sam, President of the Korea International Cooperation Agency (KOI...
Fitch Ratings Upgrades 4 Egyptian Banks Idrs Following Sovereign Rating Boost
11/19/2024 - Fitch Ratings has raised the Long-Term Issuer Default Ratings (IDRs) of the largest four banks in Egypt following the recent upgrade of the country's sovereign rating, a statement said.

Fit...
Egypt, IFC Explore New Avenues for Cooperation in Energy, Mining
11/19/2024 - Minister of Petroleum and Mineral Resources Karim Badawi has received a delegation from the International Finance Corporation (IFC), headed by Valerie Levkov, Global Industry Director for Energy, Meta...
JBIC Interested in Funding Japanese Green Hydrogen Projects in Egypt
11/19/2024 - CEO of the General Authority for Investment and Free Zones (GAFI) received a delegation from Japan Bank for International Cooperation (JBIC) led by Chief Representative for the Middle East Kenny Kitam...
Petroleum Sector Sees Growth With New Projects & Investment Initiatives
11/19/2024 - Minister of Petroleum and Mineral Resources, Karim Badawi, announced at the American Chamber of Commerce that oil and gas production has increased from July to October, adding 200 million cubic feet o...
SCZONE Signs Protocol With Egyptian Commercial Representation
11/19/2024 - The Suez Canal Economic Zone (SCZone) has signed a cooperation protocol with the Egyptian Commercial Service Authority, aiming to strengthen collaboration and attract foreign direct investment (FDI) t...
Madbouli Discusses Dabaa Nuclear Project Progress With Russia's Rosatom Company
11/19/2024 - Prime Minister Mostafa Madbouli received Tuesday Director General of the Russian State Atomic Energy Corporation (Rosatom) Alexei Likhachev who affirmed President Vladimir Putin's eagerness for adheri...
National Petroleum Day: Minister Outlines Sector’s Achievements and Strategic Vision
11/17/2024 - On the occasion of National Petroleum Day, Minister of Petroleum and Mineral Resources Karim Badawi gave a speech during which he praised the latest developments in the sector and outlined its working...
Madbouly Inspects Pavilions of CBE, FRA, And Iscore at Cairo ICT
11/17/2024 - Prime Minister Mostafa Madbouly visited the pavilions of the Central Bank of Egypt (CBE), the Financial Regulatory Authority (FRA), and the Egyptian Credit Bureau "iScore", during his tour of the Cair...
National Petroleum Day: Minister Outlines Sector’s Achievements And Strategic Vision
11/17/2024 - On the occasion of National Petroleum Day, Minister of Petroleum and Mineral Resources Karim Badawi gave a speech during which he praised the latest developments in the sector and outlined its working...
Egypt’s Trade With G20 Nations Hits $61b in First 9 Months of 2024
11/17/2024 - Egypt’s trade with the G20 countries reached $61 billion in the first nine months of 2024, up from $55.6 billion during the same period in 2023, according to the latest data from the country’s officia...
Egypt, Pepsico Discuss Expanding Investment, Empowering Small Farmers
11/17/2024 - Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk met with Mohamed Shelbaya, Chairman of PepsiCo Egypt, to discuss ways to enhance co-operation and expand investment in Egypt’s agricul...
ICT Sector Is Egypt’s Engine for Youth Empowerment, Economic Growth: PM
11/17/2024 - Prime Minister Mostafa Madbouly highlighted the pivotal role of Egypt’s Information and Communications Technology (ICT) sector, describing it as a source of hope for the nation’s youth and a key drive...

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