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Investment News in Egypt

Tareq al-Mulla Inspects Final Stages of Ethydco Complex
6/20/2016 - Petroleum Minister Tareq al-Mulla asserted that the petroleum sector is forging ahead with implementing an ambitious program for achieving a comprehensive progress in the petrochemicals industry.
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Egypt, Canada Sign Development Agreements
6/20/2016 - Egypt's Ambassador to Canada Moataz Zahran said that an agreement was signed with the Canadian side to start carrying out development projects worth more than $30 million in the fields of school nutri...
Sahar Nasr, EU Amb. in Cairo Discuss Financial Coop. Portfolio
6/22/2016 - International Cooperation Minister Sahar Nasr met the European Union (EU) Ambassador in Cairo James Moran to discuss the current financial cooperation portfolio.

The portfolio includes pro...
Egypt Seeks Measures to Promote Tourism
Egypt Seeks Measures to Promote Tourism 7/13/2016 - The government will continue to support the tourism sector and provide it with necessary funding, Prime Minister Sherif Ismail said.

The government is committed to offering the funding needed...
Egyptian Dairy Company Domty to Invest $27 mln to Boost Production
7/18/2016 - Egyptian dairy company Arabian Food Industries Co (Domty) is planning to invest 240 million Egyptian pounds ($27 million) in 2016-17 to fund expansion and increase production capacity, Vice-Chairman M...
Tarek Qabil:inaugurates new production lines with EGP 3.5bn investments
Tarek Qabil:inaugurates new production lines with EGP 3.5bn investments 7/29/2016 - Trade and Industry Minister Tarek Qabil announced that one million meters of the new industrial lands at Sadat City will be put out to a tender in September as part of the ministry's plan to provide 1...
Sahar Nasr visits N. Sinai projects, villages
Sahar Nasr visits N. Sinai projects, villages 8/19/2016 - Minister of International Cooperation Sahar Nasr paid a visit to North Sinai governorate.

The visit is meant to identify major challenges facing the residents of North Sinai.

N...
World Bank Approves Second US$1 Bln Loan Tranche to Egypt
12/21/2016 - The World Bank's board of executive directors approved on a second US$1 billion disbursement from a US$3 billion loan to Egypt to support its economic reform programme.

Egypt has been nego...
Egypt Bourse Records Collective Rise
Egypt Bourse Records Collective Rise 12/22/2016 - The Egyptian Exchange (EGX) continued its upward trend at the close of trading.

The market capital increased from 6.2 billion pounds to 608.3 billion pounds at the close of trading.
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Tareq Qabil: Egypt to Use Solar Energy in Industrial Sector
Tareq Qabil: Egypt to Use Solar Energy in Industrial Sector 2/5/2017 - Egypt is in the process of implementing a project to use solar energy in the industrial sector, said Trade and Industry Minister Tareq Qabil

. Worth some 6.5 million dollars, the project shou...
Egypt, Pakistan Probe Coop. in Communications Field
2/26/2017 - Minister of State for Military Production Dr. Mohamed Saeed el Assar met a visiting Pakistani delegation to probe means of boosting bilateral cooperation in the field of communications.

Assa...
Egypt Negotiating With G-8 Countries on Economic Support
Egypt Negotiating With G-8 Countries on Economic Support 3/28/2017 - Sahar Nasr, Minister of International Cooperation, announced that the government is continuing its negotiations with the G-8 countries to fulfill their commitments toward supporting the economic and s...
Egypt's 2017/18 Budget Targets 4.6 Percent Growth
Egypt's 2017/18 Budget Targets 4.6 Percent Growth 3/29/2017 - Egypt's 2017/18 budget targets 4.6 percent growth, Finance Minister Amr El-Garhy said at a news conference after the cabinet approved the budget.

Garhy also said interest on debt would reach ...
Egypt: CBE Foreign Trade Transactions Hit Dlrs 28 Bn Since Pound Liberalization
 Egypt: CBE Foreign Trade Transactions Hit Dlrs 28 Bn Since Pound Liberalization 4/23/2017 - The Central Bank of Egypt (CBE) said that the volume of foreign trade transactions hit 28 billion dollars since the liberalization of the Egyptian pound.

The CBE floated the Egyptian pound o...
Egypt: 60 Million Egyptians Have Updated Data on Food-Subsidy System
5/13/2017 - Egypt's Minister of Communications Yasser El-Kady said in a press conference that 60.3 million Egyptians who benefit from food subsidies have been registered and their data updated on the Ministry of...
Egypt: 201 Projects worth LE2.3 Billion Approved in April
Egypt: 201 Projects worth LE2.3 Billion Approved in April 5/28/2017 - Trade and Industry Minister Tareq Qabil said that 201 industrial projects, with total costs of LE2.3 billion, received final approvals inside and outside the industrial zones in April. The projects wi...
Egypt, Lebanon Reach $ 3m Deal on Exporting Readymade Clothes
7/2/2017 - Egypt and Lebanon reached a 3-million-dollar deal under which Egypt will export ready-made clothes to Lebanon, the UAE and a number of West African countries, Trade and Industry Minister Tarek Kabil s...
Egypt: Foreign Participation in Egypt's T-Bill Auction at $223 Mln Finance Ministry
Egypt: Foreign Participation in Egypt's T-Bill Auction at $223 Mln Finance Ministry 7/16/2017 - Foreign participation in Egypt's Treasury bill auction reached 4 billion Egyptian pounds ($222.59 million), the head of public debt at the Finance Ministry, Sami Khallaf,

Khallaf said that f...
Sherif Ismail attends signing of agreements to set up projects in SCZone
Sherif Ismail attends signing of agreements to set up projects in SCZone 8/1/2017 - Prime Minister Sherif Ismail attended the signing ceremony of agreements with six companies to set up projects on an area of 16.2 million square meters in the southern part of the Suez Canal Economic ...
Egypt to issue $2-4 bln in eurobonds in Q1 2018
Egypt to issue $2-4 bln in eurobonds in Q1 2018 8/2/2017 - Egypt has plans to issue between $2 billion and $4 billion in eurobonds in the first quarter of 2018, the country’s finance minister Amr El-Garhy told state owned MENA agency.

In statements t...

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