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Economics/Financial Analysis News in Egypt

Egypt to Dig 100 Water Wells in Tanzania
5/27/2012 - Egyptian Minister of Water Resources and Irrigation Hisham Qandeel underlined on 26/5/2012 Egypt’s continued support for other Nile Basin countries. Qandeel received a report from a ministry's delegat...
Qatari Investments in Cairo Revive the Egyptian Economy
5/27/2012 - Economists and businessmen assure that the visit of a Qatari delegation of senior businessmen and members of the Board of the Chamber of the Doha Trade and Industry to pump about ten billion dollars a...
Bilateral Relations between Egypt and Arab Countries
5/28/2012 - Joint committees between Egypt and a number of Arab countries, especially Libya, Jordan, Iraq and Sudan continue discussing ways of boosting cooperation in the energy sectors, training labour and supp...
ESE Loses EGP 9.3 bn
5/28/2012 - The Egyptian Stock Exchange (ESE) lost EGP 9.3 billion on the first day of trading since the two days of presidential voting ended on 27/5/2012 to mark the second-biggest one-day plunge ever in 2012. ...
Establishing Services Projects in Red Sea Governorate
5/28/2012 - Prime Minister Kamal el-Ganzouri approved on 27/5/2012 establishing several services projects for the residents of the Red Sea governorate. The projects include housing units for youth and acceleratin...
CBE Lowers Reserve Requirement on Deposits
5/28/2012 - The Central Bank of Egypt (CBE) said on 27/5/2012 it was lowering the reserve requirement on local currency deposits to 10 percent from 12 percent to increase banking sector liquidity. The new ratio w...
Orascom Telecom Says Court upholds Fine on Algerian Unit
5/28/2012 - Cairo-based Orascom Telecom said that an Algerian court had confirmed fines against its Algerian subsidiary but had suspended a jail sentence on a member of the unit's senior executive team.

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Committee on East Port-Said Area
5/28/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting on development of East Port-Said area, in attendance of Ministers of Planning, Housing, Transport, Finance, and Environment, Port-Said Governor, Gen...
El-Ganzouri Discusses Blueprint for East Port Said project
5/29/2012 - Prime Minister Kamal el-Ganzouri has reviewed the blueprint for a giant development project in east Port Said. During a meeting on 28/5/2012, Ganzouri ordered taking steps necessary to start implement...
Egypt is a Strategic Gateway for Turkey's Trade
5/29/2012 - No one can deny the interest of Turkey in the development of the situation in Egypt since the revolution of January 25 and the announcement of Turks officials that Turkey support Egyptian government a...
Suez Canal Revenues Increased by $ 50 Billion
5/29/2012 - “Adel El Lameey” head of Egyptian-Turkish Business Council bare the direction of many of the Turkish businessmen to develop the Sinai and the east and west of the Suez Canal, by investing in agricul...
NBE Extending Al Azhar Al Sharif L.E. 35 Million Grant
5/30/2012 - NBE - National Bank of Egypt extending Al Azhar Al Sharif L.E. 35 million grant as a contribution for the equipping of Al Azhar New Specialist Hospital in Nasr City built by the Arab Contractors. This...
ESE Loses LE 17.5 bn in 3 Trading Sessions
5/30/2012 - The Egyptian Stock Exchange (ESE) lost in the past three trading sessions up to LE 17.5 billion over the results of the first round of presidential election. Also, the benchmark EGX 30 index lost 1.1 ...
Gov’t Approves Additional Aid to Beni Suef
5/31/2012 - Prime Minister Kamal el-Ganzouri approved an additional aid to Beni Suef governorate, worth of LE 117.5 million, in a bid to provide the necessary support for services projects. The remark was made by...
Momtaz el-Saeed Allocates LE 1bn to Pay Dues to Farmers
5/31/2012 - The Finance Ministry has allocated one billion pounds for the Ministry of Supply and Internal Trade to pay wheat dues to farmers. Finance Minister Momtaz el-Saeed made the decision on 30/5/2012, bring...
Egypt's EFG Hermes Receives Buy-out Approach
5/31/2012 - Egyptian investment bank EFG-Hermes said a group of investors had approached it with a view to presenting a buy-out offer, confirming newspaper reports. EFG - which is in the process of forming a join...
Egyptian Stock Exchange Awaits Mubarak Verdict
6/1/2012 - The Egyptian Stock Exchange continued its mixed performance until the close of this week's trading with a state of anticipation for a verdict to be handed down against former president Hosni Mubarak d...
Sawiris Backs Bid for Egypt's EFG-Hermes
6/1/2012 - Egyptian tycoon Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG Hermes that would ensure the company is not broken up, the consortium behind the bid said on Fr...
Bilateral Trade Relations between Egypt and Vietnam
6/2/2012 - Bilateral foreign trade volume between Egypt and Vietnam during 2011 was put at $ 300 million. This was reported in the media quoting Ambassador Mohamed Hegazy, Assistant to the Minister of Foreign Af...
Egyptian - Turkish Industrial Cooperation
6/2/2012 - An Egyptian parliamentary/business delegation arrived in the Libyan city of Benghazi on 1/6/2012 to take part in the Arab-Turkish Industrial Cooperation Conference, which kicked off on 2/6/2012. The t...

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