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Economics/Financial Analysis News in Egypt

10.000 Megawatt to Added to National Grid in Egypt
4/28/2012 - Minister of Electricity and Energy Dr. Hassan Younis said some 10.000 megawatt will be added to the national grid within the framework of the current five-year plan 2007/2012, thus taking the total ge...
Egypt Porn Ban Would Cost up to $16.5 Million
4/29/2012 - Blocking pornographic websites will cost Egypt up to LE100 million ($16.5m) to implement and may cause significant slowdown to the country's internet services, according to telecoms and IT experts. A ...
CBE Hard Currency Reserve will Increase
4/29/2012 - An official of the Central Bank of Egypt (CBE) asserted on 29/4/2012 that the hard currency reserve with the CBE will increase next month by $1.7 billion. Saudi Arabia has transferred one billion doll...
Services Projects in Beheira will be Completed
4/30/2012 - Prime Minister Dr. Kamal Ganzouri held on 29/4/2012 two meetings at the General Authority for Investment during which he discussed the needs of Beheira's governorate. Planning and International Cooper...
Ganzouri Receives Report on Talks with IMF
4/30/2012 - Prime Minister Kamal el-Ganzouri held a meeting to discuss the present financial and economic developments in light with negotiations of the governor of the Central Bank of Egypt and communication min...
Market Update: Egypt Stocks up 1 pct
4/30/2012 - Egypt stocks is bouncing back into the green trade, the EGX30 benchmark up 0.9 percent at 4,965 points 90 minutes into the session. The broader EGX70 is also up 0.55 percent. Orascom Construction Indu...
Strengthening Economic Relations between Egypt and Turkey
4/30/2012 - Huseyin Awni Turkish ambassador in Cairo said that Turkish business people are keen to invest in all areas in Egypt, explained that there are elements of great for strengthening economic relations bet...
Five Power Generating Projects for the Private Sector
5/1/2012 - Minister of Electricity and Energy Dr. Hassan Younis decided to earmark five power generating projects for the private sector to add 6800 Megawatt to the national power grid with EGP 50 billion invest...
11 Million Pounds to Provide Clean Water for Sinai
5/1/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga has green lighted preparing 14 wells to suffice for the drinking water needs of North Sinai residents. The preparations will cost 11 ...
Galal Saeed: LE 5 bn to Link Sinai with Nile Valley
5/2/2012 - Transport Minister Galal Saeed said that the government is keen to develop and construct Sinai as an Egyptian strategic target, establishing several land axes to link Sinai with the Nile Valley.
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Egypt’s Stock Market Indices Down in April
5/2/2012 - Egypt's Stock Exchange lost LE 10 billion during April, driven by the political events in Egypt, topped by the announcement of Muslim Brotherhood leader Khayrat al-Shater and former vice president Oma...
Egypt Stocks down 0.5 pct
5/3/2012 - Egypt's major stocks are trading in the red, with the benchmark EGX30 down 0.47 per cent at 4.884.08 points, as no more clashes are reported around the Ministry of Defence headquarter in Abbasiya. The...
Joint Industrial Zone between Egypt & Sudan
5/3/2012 - Dr. Walid Abdel Rahman, chief financial officer of the National Pension Fund, Sudan, asked for the establishment of an industrial area, "Egyptian-Sudanese" joint border between the two countries, cont...
Settling Several Egyptian Tourism Companies' Contracts
5/3/2012 - The Minister of Tourism, Mounir Fakhry Abdel Nour, stated that the cabinet of ministers approved several settlements with investors to regain the state right in allocating some lands for Egyptian inve...
Egypt's C.Bank Keeps Key Interest Rates Steady
5/4/2012 - Egypt's central bank kept its benchmark overnight deposit and lending rates steady, warning that although economic growth was feeble, there was a risk that inflation might accelerate. The bank's Monet...
EGP 30 Billion Investments after Electing the President
5/4/2012 - Major General Ismail Al Nagdi, the Head of the Industrial Development Authority (IDA) uncovered Arab and Egyptian offers to make investments in the cement field. Investments are estimated at EGP 25 bi...
Arab Purchases Lead Stock Exchange up
5/4/2012 - Purchases by Egyptian and Arab investors of selective indexes in the housing, financial services and communication fields have led the Egyptian Stock Exchange to close up on Thursday, making up for lo...
EFG and Qinvest to Create Regional Investment Bank
5/5/2012 - Egypt's EFG Hermes said it had sealed an agreement first announced in March to form a region-wide investment bank with Qatar's Qinvest. Qinvest will control 60 percent of the new bank, which will be c...
Increase of Qatari Investments in the Egyptian Market
5/5/2012 - Dr Adel Rhouma, General Secretary of the Egyptian- Qatari Business Council, noted to the direction of Qatari investments to the Egyptian market in recent times to become one of the first countries tha...
Gideon Opened the First Phase of Micro Insurance Project in Egypt
5/6/2012 - “Gideon” Dutch Consulting Company opened the first phase of the project "micro insurance in Egypt," in the framework of the overall financing system in Egypt, the Swiss government participates in fina...

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