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Investment News in Egypt

Samsung Plans to Invest US$35m in Egyptian Market
8/26/2014 - The Korean company Samsung plans to pump new investments of up to US$35 million in its factory at Koam Abu Rady area for refrigerators and washing machines industry in Beni Suef, head of the General ...
First Free Trade Zone to be Established between Egypt, Gulf Countries
8/28/2014 - An informed source from the Trade and Industry Ministry said that an important meeting for ministers of the Economic Group (trade, finance, planning and investment) will be held before the end of the ...
Suez Canal Investment Revenues Hits LE 8.5bn
9/8/2014 - Governor of the Central Bank of Egypt (CBE) Hisham Ramez said Sunday's sales of the new Suez Canal project's investment certificates hit LE 8.5 billion. Most of the buyers were individuals, he said.
Finance Ministry Seeks 9 Percent Deficit by 2017
9/8/2014 - Finance Minister Hani Qadri has said that the government hopes to reduce the budget deficit and debt to around 9.5 percent by 2017.

"The government started its work with 13-14 percent budge...
Turnout for Suez Canal Certificates Soars
9/8/2014 - Egyptian officials are noting a downtrend in the demand for the US dollar, as well as its price, as result of the high turnout for purchasers of the Suez Canal certificates.

"In case the go...
National Company for ’Black Sand’ to be Established
9/10/2014 - Prime Minister Ibrahim Mahlab approved on 9/9/2014 the establishment of an Egyptian company for exploiting black sand in Kafr el-Sheikh governorate.

The company will be established through ...
Egypt Seeks Promoting Suez Canal Certificates in UAE
9/13/2014 - Egypt’s Consul General in Dubai Ambassador Sheriff El-Bedewey said that the consulate will launch a promotion campaign for the New Suez Canal investment certificates at the level of the Egyptian clubs...
Suez Canal Revenues up by 11.9%
9/13/2014 - Head of the Suez Canal Authority (SCA) Mohab Mamish said that the canal’s revenues in the US dollar during the period from January to August 2014 have increased by 8.9% while its revenues in the Egypt...
Egypt, South Sudan Discuss Investment Opportunities
9/14/2014 - Ambassador Mohamed Badreddin Zayed, the Assistant Foreign Minister, received the governor of the South Sudan western equatorial province and his accompanying delegation.

The South Sudanese...
Revenues of Suez Canal Certificates Hit EGP 49bn in 7 Days
9/15/2014 - The total revenues of selling the Suez Canal Certificates since their launch on 4 September hit EGP49 billion on Sunday, governor of the Central Bank of Egypt (CBE) Hisham Ramez said.

He ad...
Sharm al-Sheikh Hosts First Round of Free Trade Talks between Egypt and Russia
9/15/2014 - Minister of Industry, Trade and Small and Medium Enterprises Mounir Fakhry Abdel Nour has said the first round of free trade talks between Egypt and the Eurasian Customs Union, which includes Russia, ...
Yemen, US Discuss Oil and Gas Investment Cooperation
9/15/2014 - Oil and Minerals Minister Hussein al-Kaf discussed here on Monday with US ambassador to Yemen Matthew Tueller mutual investment cooperation relations in oil and gas sectors.

During the meet...
High Turnout on Buying Suez Canal Investment Certificates
9/17/2014 - The governor of the Central Bank of Egypt (CBE) Hisham Ramez said that achieving the targeted funds from selling the Suez Canal investment certificates in 8 days sends a message to the world.

...
Egypt, Belarus Sign Economic Cooperation Protocols
9/20/2014 - Egypt and Belarus have inked a number of cooperation protocols to develop joint trade relations, said Trade and Industry Minister Mounir Fahkry Abdel-Nour in a statement on 19/09/2014.

Afte...
Lands for Small Investors will be Offered
9/20/2014 - The Ministry of Housing, Utilities and Urban Communities will announce qualifying real-estate contractors and investors to take part in setting up intermediate housing units in five new cities, notabl...
25% of New Suez Canal’s Dry Digging Completed
9/20/2014 - Major General Kamel Al-Waziri, the chief of staff of the Armed Forces' Engineering Authority and supervisor of the New Suez Canal project, said that six places are, now ready for receiving dredgers as...
Egypt, UAE Sign Deal on Power Station
10/1/2014 - Egypt and the United Arab Emirates (UAE) signed on 30/9/2014 a Memorandum of Understanding to establish a power station.

Prime Minister Ibrahim Mahlab and several ministers attended the si...
Ibrahim Mahlab Discusses Reclamation of One Million Feddans
10/12/2014 - Prime Minister Ibrahim Mahlab held a meeting on Saturday to discuss ways of implementing the project of reclaiming one million feddans within a year.

The project is part of a plan which aim...
Diplomatic Missions Exempted from Daily Limit of Withdrawal from Banks
10/13/2014 - Twenty-eight Egyptian diplomatic missions abroad have been exempted from the daily limit of withdrawal from banks, the Central Bank of Egypt (CBE) said on 12/10/2014.

The decision includes...
SCA Inks Deals with Int’l Dredging COs
10/19/2014 - Suez Canal Authority (SCA) signed on 18/10/2014 agreements with international dredging companies to carry out the dredging of the new water way. The signing ceremony was attended by Prime Minister Ibr...

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