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Economics/Financial Analysis News in Egypt

IMF Did not Impose any Conditions on Egypt
3/29/2012 - Finance Minister Momtaz Al-Saeed said on 28/3/2012 that the economic program completed by Egypt and came under discussions with the International Monetary Fund IMF is characterized by transparency, ea...
LE 4 Billion to Finance 5-Year Power Project Plan
3/29/2012 - The Ministry of Electricity has inked three agreements worth four billion pounds to finance projects to be implemented as part of a five-year plan (2012/2017). One such agreement was signed with the S...
Increase of Saudi Investments in Egypt to 60 Billions EGP
3/30/2012 - The Egyptian-Saudi Arabia Business Council estimates the Saudi investments in Egypt of about 16 billions EGP and expect that the size of investments in Egypt will increase during the coming period to ...
Cement Prices are Continuing to Increase
3/30/2012 - Despite of claimed recession and low down in demand cement prices are continuing to increase to reach L.E. 510 per ton on board trucks and L.E. 530 per ton in the retail market. This was reported in t...
Egypt, Arab Fund Sign USD 306 Million Loan Agreements
3/31/2012 - Egypt and the Arab Fund for Social and Economic Development signed on 29 March 2012 two agreements worth 306 million dollars. Planning and International Cooperation Minister Fayza Abul-Naga and Fund B...
Italian Support to Urgent Development Projects in Egypt
3/31/2012 - Egypt's Minister for Planning and International Cooperation has negotiated with the Italian Ambassador to Cairo the activation of the third trench of a debt swap package valued at Euro 100 million as ...
Egypt's Exports to South Africa Rising by 35%
4/1/2012 - Ambassador Mohammad “Badr al-Din Zayed”, Egypt's ambassador in Pretoria, announced that the Egyptian exports to South Africa has achieved a significant increase during 2011, rising by 35% to reach $ 5...
Deposit Instruments for Workers Abroad
4/1/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga said in a statement on 31 March 2012 that the governor of the Central Bank of Egypt will announce within a week the program of the de...
Egyptian Exports to Greece, South Africa up
4/2/2012 - Trade exchange between Egypt and Greece witnessed recently an increase as it reached one billion euro, according to Greek statistics department. This volume of trade exchange scored an increment of 99...
Shura Council Opens File of Sinai Development
4/2/2012 - Shura Council under Dr. Ahmed Fahmy opened on 1/4/2012 the file of the development of Sinai and its reconstruction, the Council discussed a number of proposals on the subject to develop Egypt's easter...
Egypt Recommends Activating Signed Agreements with Sudan
4/3/2012 - The People's Assembly Commission for Arab Affairs recommended the need to activate the four agreements signed with Sudan especially in transport, accommodation, property and labor. This came after the...
Egypt Says No IMF Agreement Until June
4/3/2012 - Egyptian Planning Minister Faiza Abu El-Naga said that Egypt expected to sign a $3.2 billion financing package with the International Monetary Fund in June, three months later than it had previously h...
Bilateral Relations Between Egypt and Sudan
4/3/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, received the Sudanese International Cooperation Minister who is currently visiting Egypt within the committee meetings to follow-up on it. He confirmed the Egypt...
New Incentives to Encourage Investments in Egypt
4/3/2012 - Mahmoud Issa, Minister of Industry and Foreign Trade, assured the importance of economic cooperation between Egypt and the Czech Republic at the present stage with the country will discuss other oppor...
Decline in the Foreign Currency Reserves of Egypt
4/3/2012 - Foreign currency reserves at the Central Bank of Egypt by the end of March 2012 were put at $ 15.7 billion and that compares with almost $ 36 billion by the end of 2010. This was reported in the media...
Breakthrough of Crisis Between Gov., PA in Egypt
4/4/2012 - The crisis between the government and the People's Assembly (PA) majority over the proposed International Monetary Fund (IMF) loan on 3/4/2012 witnessed a breakthrough after a series of meetings held ...
Egypt Receives LE2 Billion Deferred Taxes in March
4/4/2012 - Egypt has collected around LE2 billion ($333 million) in deferred taxes, the country's Tax Authority said. Deffered taxes from both the private and public sectors accumulated for years under ousted pr...
European Initiatives are Transformed to Projects, Programs
4/5/2012 - During his talks with James Moran new European Union ambassador to Egypt, Industry and Foreign Trade Minister Mahmoud Eissa stressed the need to transform all European initiatives supporting Egyptian ...
Suez Canal Achieves Highest Revenues Since 2011
4/5/2012 - Suez Canal posted single day revenue of LE 122 million, according to Suez Canal Authority Chief Ahmed Fadel. These were the highest recorded revenues since 2011, he added, noting that the internationa...
Egypt's Plan to Sell Debt to Citizens Abroad Delayed
4/5/2012 - An Egyptian plan to sell certificates of deposit (CDs) - a form of debt - to its citizens living abroad to finance its deficit has been delayed because of technical problems over their issue in a sing...

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