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Economics/Financial Analysis News in Egypt

Ganzouri Reviews Means to Solve NCNSRC Problems
5/12/2012 - Prime Minister Kamal el-Ganzouri met on 11/05/2012 with Chairman of the National Center for Nuclear Safety and Radiation Control Moustafa Aziz to discuss problems facing the NCNSRC. Talks took up admi...
80,000 Feddans to be Allocated to Sinai Residents in June
5/12/2012 - As many as 80,000 feddans in North Sinai will be allocated to Sinai residents, investors and small farmers in June after supplying water necessary for planting operations. In statements on 11/05/2012,...
Egypt CB Resumes Talks Over $3.2bn IMF Loan
5/13/2012 - Central Bank of Egypt (CBE) Governor Farouk El-Oqda has resumed talks with officials of the International Monetary Fund (IMF) in Washington over a $3.2 billion loan to Egypt, flagship state daily Al-A...
Tripartite Committee between Egypt, Ethiopia and Sudan
5/13/2012 - Minister of Water Resources and Irrigation Hisham Qandil has announced on 12/5/2012 that this week will witness a meeting of a tripartite committee bringing together Egypt, Ethiopia and Sudan. Four in...
Egypt Signs Two Agreements with Saudi Arabia, S. korea
5/13/2012 - Chief of International Tax Treaties at the Tax Authority, Dr Mostafa Abdel-Qader, on 12/5/2012 said that Egypt will soon sign two agreements with Saudi Arabia and South Korea on the avoidance of doubl...
ESE Trading up, Gains Hit EGP2.3bn
5/14/2012 - Egypt's Stock Exchange (ESE) indices on Sunday achieved a collective rise. The increase was prompted by purchases of Arab and Egyptian investors. Market capital gained EGP2.3 billion to reach EGP359.3...
Al-Ganzouri Approves Establishing Services Company
5/14/2012 - Prime Minister, Dr. Kamal Al-Ganzouri, approved establishing a company affiliated to the Holding Company for Water and Sanitary Drainage for Ismailia, Suez and Port-Said governorates to be located at ...
UAE to Carry out Three Giant Projects in Egypt
5/14/2012 - Egypt and the UAE agreed to carry out three giant agricultural projects at three-billion-dollar of UAE investments, Agriculture Minister Mohammed Reda Ismail said on 13/5/2012. Among these projects is...
Establishing Services Company in Canal Governorates
5/14/2012 - Prime Minister, Dr. Kamal Al-Ganzouri, approved establishing a company affiliated to the Holding Company for Water and Sanitary Drainage for Ismailia, Suez and Port-Said governorates to be located at ...
LE 138.6 Billion for Wages by an Increase of LE 21 bn
5/15/2012 - The cabinet is due to allocate its next meeting under Prime Minister Dr. Kamal al-Ganzouri to discuss the two drafts of the State budget and the investment plan of the new fiscal year, said Momtaz al-...
Promotion Campaign for Made in Egypt Products
5/16/2012 - Minister of Supply and Internal Trade Gouda Abdel-Khaleq underlined the need to draw up a detailed promotion campaign to support the Egyptian products, through a technical committee comprising all the...
Egypt's SODIC Names Ex-Regulator as New Chairman
5/16/2012 - Egyptian real estate developer SODIC appointed a new board of directors and named the country's former top financial regulator as its new non-executive chairman, it said in a statement released on Wed...
Egypt Received Largest Aid Package for Civil Society
5/16/2012 - Egypt has received the European Union's largest-ever aid package, worth some 20 million euros, to encourage the transition to civilian rule and defend human rights, the EU's foreign affairs chief Cath...
NBE has extended L.E. 348 Million Loan
5/17/2012 - NBE - National Bank of Egypt and Banque Misr has extended L.E. 348 million loan in favor of Al Tahrir Co. for Investment Car Parks to complete Al Tahrir underground Cars park pending since almost a de...
Projects Required to Use 40% Locally Produced Components
5/18/2012 - Minister of Industry and Foreign Trade, Dr. Mahmoud Eissa said that the government will issue a decision within the next few days, to require the presence of 40% locally produced components in the imp...
Egypt Produces UAV in Cooperation with China
5/18/2012 - Chairman of the Arab Organization for Industrialization, Hamdy Weheba said that Egypt has started the second phase to produce 12 Egyptian unmanned aerial vehicles (UAV) "ASN-209" in cooperation with a...
Egypt Keen to Implement Projects of Nile Basin Initiative
5/19/2012 - Minister of Water Resources and Irrigation Hisham Qandeel said on 18/05/2012 that Egypt is keen to implement projects of the Nile Basin initiative. The Minister noted that Egypt is keen on consultatio...
Committee to Follow up Egyptian Defaulters’ Problems
5/19/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa has met with a delegation of the Egyptian Banks Union to follow up an agreement meant to resolve financial and technical problems of closed plants....
LE 7.5 bn Investment to Develop Railways and Roads in Egypt
5/20/2012 - Minister of Transport Dr.Galal Mostafa Said in the conference that organized by the Arab Academy for Science, Technology and Maritime Transport on 19/05/2012, unveiled its budget for development proje...
Momtaz al-Saeed Determines Features of New Budget
5/20/2012 - Finance Minister, Momtaz al-Saeed said on 19/5/2012 that an agreement was concluded with the Kingdom of Saudi Arabia to sign a $500 million loan as of June 1st, in the form of bonds. He set it forth t...

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