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Economics/Financial Analysis News in Egypt

Additional EGP 1.3bn to Provide Egypt Market
3/19/2012 - Finance Minister Momtaz al-Saeed has approved additional allocations in the state budget for the current fiscal amounting to EGP 1.3 billion to provide the basic needs of the local markets of basic an...
Egypt Solving Problem of Arab, Foreign Investments
3/19/2012 - Finance Minister Momtaz el-Saeed asserted on 18/3/2012 the government's keenness on removing hindrances facing Arab and foreign investments in Egypt. This came on 18/3/2012 during Saeed's meeting with...
Egypt Heads APPA Conference
3/19/2012 - Minister of Oil Abdullah Ghorab has asserted on 18/3/2012 that Egypt is interested in fostering inter-African cooperation in the oil field to serve common interests of African countries. Egypt seeks t...
Al-Ganzoury Witnessed Signing Agreement with Japan
3/19/2012 - Prime Minister, Dr. Kamal Al-Ganzoury witnessed signing of the first package of loan agreement with the Japanese side to finance the first phase of underground line IV amounting to USD 392 million and...
Egypt to Borrow $1.2 Billion from Japan
3/20/2012 - A Japanese development agency has agreed a $1.2 billion loan with the Egyptian government to fund Cairo's fourth metro line. The Japan International Cooperation Agency (JICA), an independent governmen...
New Strategy for Supporting Egypt
3/20/2012 - The technical teams of the International Monetary Fund IMF stated on 19/3/2012 discussing the details of Egypt's economic reform program with Egyptian officials.The Mission of IMF senior officials is ...
Egyptian-ASEAN Businessmen Association Launched
3/22/2012 - The Egyptian Businessmen Association along with the ASEAN member states launched in Cairo on 21/3/2012 the Egyptian-ASEAN businessmen association. The Association aims at boosting bilateral economic, ...
Egypt's Economic Reform Proposals Ignore Social justice
3/24/2012 - A group demanding the cancellation of Egypt's debts has issued a statement condemning the interim government's proposals for reforming the economy. The Popular Campaign to Drop Egypt’s Debts (PCDED) c...
Almenzlaoy Signs Cooperation Protocol with GREE
3/24/2012 - "Almenzlaoy Group " announced the signing of cooperation protocol with the GREE international company, in order to manufacture central home air conditioning in Egypt, the size of the joint investment ...
New investments Between Egypt and Turkey
3/25/2012 - Dr.Mahmoud Issa, Minister of Industry and Foreign Trade, assure the Necessity of accelerate the launch of maritime line linking Alexandria port and “Mersin” Turkish port, which will contribute to incr...
Turkish Companies Pump $1bn into Egyptian Investments
3/26/2012 - Turkish companies are ready to pump over $1 billion into Egyptian investment projects in the next few years, according to Mahmoud Eissa, Egypt's Minister of Industry and Foreign Trade. Eissa's stateme...
MAF Inks Terms for $500 Million Egypt Mall Loan
3/26/2012 - Majid Al Futtaim Holding (MAF) has agreed terms for a new $500 million loan to fund a shopping centre in Egypt where the mall developer had to take write downs after Arab Spring protests, its chief ex...
Al-Ganzoury Tackled Means of Financing Small Projects
3/26/2012 - Prime Minister, Dr. Kamal Al-Ganzoury held meeting of the committee on small and micro seize enterprises, in attendance of Ministers of Planning and International Cooperation, Industry and Foreign Tra...
Al-Ganzoury Held Meeting on Chinese Delegation
3/26/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held meeting on the Chinese delegation keenness on from TEDA Co. to expand and attract private investments in North West Suez Gulf, where the company is keen on ...
Ganzouri Discusses Problems of Small-Sized Projects
3/27/2012 - Prime Minister Kamal al-Ganzouri decided to set up a big institutional entity grouping all bodies dealing with small and medium-sized projects. This decision came after five continuous meetings in ord...
Egyptian Banks See Angry Crowds
3/27/2012 - Thousands of Egyptian have been queuing in front of the country's banks this week in the hope of finally receiving compensation for assets they lost in Iraq during the Gulf War over two decades ago. I...
Tiba Engineering Industries Invests L.E. 400 Million
3/27/2012 - Tiba Engineering Industries Co. of Al Manzalawi Group has announced plans to invest L.E. 400 million over the next 5 years. This was reported in the media quoting Eng. Shadi Al Manzalawi, Group's Mana...
Egypt's Reserves Will Drop to $10.4 Billion by July
3/28/2012 - Egypt's foreign reserves will fall by over $5 billion to $10.4 billion by the end of June, a senior army financial official told reporters. Major General Mahmoud Nasr, assistant for financial and acco...
Eissa Declares a Joint Initiative with FEI
3/28/2012 - Minister of Foreign Trade and Industry Mahmoud Eissa has unveiled a joint initiative with the Federation of Egyptian Industries (FEI) that will provide 100,000 jobs for young people. At a meeting with...
DP World 2011 Profit Rises 82 PCT on Australia Sale
3/29/2012 - DP World, the world's third-largest port operator, reported an 82 per cent rise in 2011 net profit on Thursday, boosted by gains from the sale of its Australian operations. The company, one of the mor...

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