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Investment News in Egypt

Egypt Tourism Revenues More than Double in Q3
12/8/2014 - Egypt's tourism revenues jumped 112 percent to about $2 billion in the third quarter of 2014, a tourism ministry official said, suggesting the key industry was showing signs of recovery, albeit from a...
Egyptian State Banks Lose Talent to Private Sector
12/10/2014 - Egypt's state-owned banks are losing senior specialist bankers to the private sector as a result of a cap on public sector pay designed to cut government spending.

The most high profile ba...
Finance Minister Approves 2015-2016 FY Budget
12/15/2014 - Finance Minister Hani Demian approved the draft budget of FY 2015-2016 prior to referring it to the ministries and other bodies concerned.

The minister disclosed that the targeted economic ...
EGX Bounces Back, Index up 1.34%
12/16/2014 - The Egyptian Stock Exchange (EGX) indices rebounded on Monday 15/12/2014, backed by the rebound of Gulf bourse.

The market capital managed to make up for yesterday's losses to close today a...
Sisi, Obama Discuss Bilateral Ties over Phone
12/20/2014 - President Abdel Fattah El Sisi on Thursday discussed with US President Barack Obama ways of boosting bilateral ties and the ongoing cooperation in various fields, especially in combating terrorism.
Sisi Arrives in Beijing
12/22/2014 - Egyptian President Abdel Fattah El Sisi arrived in Beijing on Monday 22/12/2014 on a several days' visit to China at an invitation from his Chinese counterpart Xi Jinping.

Sisi's visit to C...
Loans to Expand West Damietta Power Plant
12/23/2014 - President Abdel Fattah Al-Sisi issued a decree on Monday 22/12/2014 to approve a loan agreement for increasing the capacity of West Damietta power plant to produce 750 megawatts.

The loan, ...
Russia may fail to supply wheat to Egypt's GASC, Jan
12/24/2014 - Russia may fail to supply wheat to Egypt's GASC, the state buyer of the world's largest wheat importer, in January due to export curbs, Russia's Grain Union head Arkady Zlochevsky told reporters on We...
Bourse Gains EGP18bn after Three Weeks of Retreat
12/27/2014 - The Egyptian Exchange (EGX) resumed its upward trend after a three-week retreat, making weekly gains worth EGP 18 billion, the bourse weekly report revealed.

Stocks of the listed companies ...
50 Leading British Corporations Probe Investment in Energy
12/28/2014 - Chairman of the Egyptian Trade Representation, Mohamed Dawood, said that a mission comprising chairmen of 50 leading British new and renewable energy corporations in the Middle East will visit Cairo n...
Sisi: Egypt Supports Somali Gov’t
12/31/2014 - President Abdel Fattah Al-Sisi has stressed Egypt's support for the Somali government to achieve its people's aspirations.

Sisi's made the pledge during his plenary talks with his Somali co...
Egyptians Expect Better Economic Conditions in 2015
1/4/2015 - The Egyptian people expect an improvement in economic conditions during 2015, the Information and Decision Support Center (IDSC) revealed on Saturday.

The consumer confidence index on the ...
Govt Sends 42 Investment Projects to Banks for Study
1/12/2015 - Investment Minister Ashraf Salman said 42 investment projects were sent to investment banks for study in order to be floated at the economic conference that will be held in Sharm El Sheikh in March.
Egypt's credit risk jumps 36% since Sisi elected
1/12/2015 - Egypt's credit risk has grown by 36 percent since President Abdel Fattah al-Sisi was elected in June 2014, according to a Bloomberg report.

Egypt’s economic outlook has led to a sharp incre...
Strong Economy Key for Egypt’s Future Democracy
1/13/2015 - The UK has repeated its commitment to helping Egyptians rebuild their country, and called economic revival the key to Egypt’s security and democracy.

The commitment comes a day before the U...
Japan's Abe Pledges Support for Mideast Countries Battling IS
1/17/2015 - Japanese Prime Minister Shinzo Abe warned on Saturday that the world would suffer an "immeasurable loss" if terrorism spreads in the Middle East and pledged about $200 million in non-military assistan...
Sisi to Deliver Speech in First UAE Visit as President
1/17/2015 - Egypt's President Abdel-Fattah El-Sisi flew Saturday to the UAE where he will spend two days, during which he will attend the World Future Energy Summit and deliver a speech.

This is the f...
Saudi-Egyptian Association to Build LE600 Mn Hospital
1/18/2015 - The Saudi-Egyptian Businessmen Association has declared plans for a 100-room hospital in Egypt worth LE600 milion.

Mohamed al-Raghy, the association’s CEO, said the project has been under ...
Egypt Finishes First Meeting with African Ministers
1/18/2015 - Egypt wrapped up on Sunday a first meeting with a number of African trade ministers over talks related to unifying African positions in negotiations with the World Trade Organization (WTO) over variou...
Nestle Plans to Invest $138m in Egypt
1/20/2015 - Swiss food giant Nestle plans to invest about LE 1billion ($138 million / 91 million pounds) in Egypt in the next few years and believes economic reforms could deliver results, its regional CEO said ...

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