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Economics/Financial Analysis News in Egypt

Cancellation of Restrictions on Remittances Abroad
4/6/2012 - As part of the national program for economic reform, the Egyptian government launched a package of measures to remove restrictions on remittances abroad, which were imposed in 2011. This comes within ...
Ganzouri Okays Development Projects in Aswan
4/6/2012 - Prime Minister Kamal el-Ganzouri approved on 05/04/2012 a number of development projects in Aswan in response to the governorate's needs. Ganzouri approved urgent financial allocations in the budget o...
All Facilities to Boost Bahrain’s Investments in Egypt
4/7/2012 - Egypt and Bahrain are keen on boosting joint relations on all domains, especially in investment and economy, said Chairman of General Authority for Investment and Free Zones (GAFI) Osma Saleh. After a...
Egypt Tax Collection up 5.5 pct Between July and March
4/9/2012 - Egypt's tax revenues reached LE115.4 billion ($19.2 billion) in the first three quarters of the current financial year, Finance Minister Momtaz El-Saeed said on Monday. while the minister indicated th...
El-Ganzouri Approves Pumping EGP 600m to Support Exports
4/9/2012 - Prime Minister Kamal El-Ganzouri decided during a ministerial meeting on 7/4/2012 to pump EGP 600 million to enhance the Export Support Fund till the end of the current fiscal year. The move is meant ...
Inauguration of 1st Line to Assemble Japanese Car in Egypt
4/10/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa witnessed on 9/4/2012 the inauguration of the first line to assemble Japanese car "Toyota Fortuner" in the Arab Organization for Industrialization ...
Egypt's Stock Exchange (ESE) Loses LE 3 bn
4/11/2012 - Egypt's Stock Exchange (ESE) continued its downward for 6 days respectively as a result of the formation losses amid intensive share sells from Arab and foreign investors. The main benchmark EGX 30 in...
Egyptian Ethiopian Capital of 50 Million Pounds
4/11/2012 - Two days ago a group of city Badr investors and representatives Ethiopian Government signed contract to establish a company with an investment capital of 50 million pounds for the management of indust...
IMF to Finalize Egypt's Economic Reforms
4/11/2012 - The International Monetary Fund (IMF) urged the Egyptian government to "mobilize required political support" for reforms and for the 2012-2013 budget in a statement made, as it concluded its visit to ...
USD 240 Million for Power Station in North Giza
4/11/2012 - The Minister of Planning Fayza Abul Naga signed loan agreement provided by the World Bank amounting to USD 240 million to contribute in financing phase III of the power station in North Giza. The agre...
Egypt Consumer Confidence Falls 2 pct in March
4/11/2012 - Egypt's consumer confidence index declined in March on the previous month, the latest data from Cabinet's Information and Decision Support Center (IDSC) showed on Wednesday. The index slipped 2.1 per ...
Egypt, WB Sign $240 mn Loan Deal for Giza Power Project
4/12/2012 - Egypt and the World Bank (WB) on 11/4/2012 signed a $240 million-deal agreement as part of a broader program to build North Giza Power Project. Approved initially in June 2010, the project is expected...
18.5% Increase in Egypt Exports in 2011
4/12/2012 - Industry and Foreign Trade Minister Mahmoud Eissa said that the Egyptian exports scored an increase of 18.5 per cent in the year 2011 totaling LE 131 billion compared to LE 115 billion in 2010. The mi...
$ 3.7bn Petrochemicals Complex in Suez Gulf
4/13/2012 - A new petrochemicals project was launched to set up a petrochemicals complex at $ 3.7 billion cost in the industrial zone of the north west of Suez. The complex will be set up over a two million squar...
Settling Situation of Depts and Intricacies
4/14/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, confirmed the necessity of holding periodical meetings between the ministries and various authorities to settle debts and intricacies among the economic authorit...
$14.2 Million Chinese Non-refundable Grant to Egypt
4/16/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga has signed with China's Ambassador in Cairo Song Aavoh an economic and technical cooperation agreement that gives Egypt $14.2 million...
Al-Ganzoury Held Wide Meeting on Sinai Development
4/17/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held wide meeting to discuss Sinai development file in attendance of Ministers of Planning, Housing, Interior, Justice, Irrigation, Agriculture, Transport, and E...
Egypt's External Debt Falling, Economy Still Safe
4/18/2012 - Egypt’s Finance Minister Momtaz El-Saeed announced that the country's external debt shrank by 1.5 per cent to represent 13.3 per cent of GDP in December 2011, down to $33.7 billion against $35 billion...
Egypt will Never Go Bankrupt
4/19/2012 - Finance Minister Momtaz al-Saeed said that Egypt is not on the verge of bankruptcy, denying reports that the country is running out of resources. Talking figures, the government has successfully paid ...
Egypt, Finland to Cooperate in Communications, IT Domains
4/19/2012 - Communications and Information Technology Minister Mohammed Salem said that Egypt and Finland will sign next month a cooperation protocol in the communications and information technology. In a stateme...

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