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Financials and Investment News

USD 8.3 billion Foreign Investments in Oil, Gas Activities in 2014/2015
Egypt >> 4/25/2014 - A report by the Ministry of Petroleum and Mineral Resources said that foreign investments of companies operating in Egypt in the field of gas and oil discovery are planned to reach USD 8.3 billion in ...
Infrastructure of 81.000 feddans in Sinai Finalized
Egypt >> 4/25/2014 - Ministry of Water Resources and Irrigation announced finalization of the infrastructure for 81 thousand feddans in Sinai, adding that these feddans are ready for allocation in coordination with the ag...
New Medical Complex to be Established in Canal Region
Egypt >> 4/25/2014 - Chairman of the Suez Canal Authority Mohab Mamish said that the authority started the establishment of a new medical complex to serve the Canal region.

Speaking during the opening of the fi...
EGX Gains EGP 4.7 billion in two Trading Sessions
Egypt >> 4/25/2014 - The Egyptian Stock Exchange (EGX)'s capital market gained about EGP 4.7 billion amid selective activity for the majority of the leading shares in the market.

The EGX30 rose by 2.36% to clos...
H.H. Sheikh Abdullah bin Zayed, Vice President of Paraguay Discuss Bilateral Relations
United Arab Emirates >> 4/30/2014 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister of U.A.E., has met with Don Juan Afara, Vice President of Paraguay, in the capital Asuncion.

During the meeting, which was attend...
Nestlé Opens New Distribution Centre in Egypt's Luxor As Appetite Soars
Egypt >> 5/3/2014 - Nestlé S.A., the world's leading nutrition company, has inaugurated on Wednesday a new distribution centre in Egypt's Luxor. The move will help meet growing demand for Nestlé brands across the Upper ...
U.A.E., Brunei Sign MoU on Establishing Joint Commission
United Arab Emirates >> 5/4/2014 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister received H.H. Prince Mohamed Bolkiah, Minister of Foreign Affairs and Trade of Brunei Darussalam, at the Etihad Towers in Abu Dhabi.

...
Cabinet Discusses Desert Hinterland Villages Project
Egypt >> 5/5/2014 - The Cabinet held a meeting on 4/5/2014 under Prime Minister Ibrahim Mahlab to discuss the project of desert hinterland villages.

The project aims at developing such villages and providing t...
Egyptian Government Keen on Solving Problems, Increase Investments
Egypt >> 5/5/2014 - Prime Minister Ibrahim Mahlab received on 4/5/2014 a delegation of the Kuwait-based Kharafi Group.

During a meeting with the delegation, Mahlab said the government is keen to improve the cl...
Muqrin bin Abdulaziz Receives Dr. Mansour bin Miteb bin Abdulaziz
Saudi Arabia >> 5/5/2014 - Deputy Crown Princee Muqrin bin Abdulaziz Al Saud, Second Deputy Premier, Advisor to and Special Envoy of Custodian of the Two Holy Mosques, received at his office in Jeddah Prince Dr. Mansour bin Mi...
Egypt’s Agricultural Development Bank to be Restructured
Egypt >> 5/7/2014 - Agriculture Minister Ayman Farid Abu Hadid unveiled plans to restructure the Agricultural Credit and Development Bank with the help of international experts so that it will be able to achieve its main...
Mahlab Hailed Performance of Stock Exchange
Egypt >> 5/7/2014 - Prime Minister Ibrahim Mahlab said the government is taking a wide range of measures for the sake of ordinary citizen topped by securing subsidy for the targeted categories.

Inaugurating th...
Mahlab Discusses Bilateral Relations with his Equatorial Guinean Counterpart
Egypt >> 5/10/2014 - Prime Minister Ibrahim Mahlab held talks on 09/05/2014 with his Equatorial Guinean counterpart Vicente Tomi on ways to bolster bilateral relations in all fields.

The two sides also reviewed...
Ugandan Cadres to be Trained on how to Hold Rainwater
Egypt >> 5/11/2014 - Minister of Irrigation, Dr. Mohamed Abdel Motleb, said that the activities of a training session for 10 technicians from Uganda will start today.

The training course will include designing,...
Citadel Capital Receives Offer to Sell 100% of Sphinx Glass for US$ 112 mn
Egypt >> 5/13/2014 - Citadel Capital (CCAP.CA on the Egyptian Exchange), a leading investment company in Africa and the Middle East, has received an offer to sell 100% of non-core portfolio company Sphinx Glass for an equ...
Suez Canal Expected to Make LE37 bn Revenues
Egypt >> 5/14/2014 - Chairman of the Suez Canal Authority expected the Suez Canal to make more than LE37 billion in revenues this year.

These revenues are the biggest ever in the Canal's history, Lt. General Mu...
Yemen Discusses Military Cooperation with China, Kuwait
Yemen >> 5/18/2014 - Yemen reviewed cooperation relations with each of China and Kuwait, in military fields.

During his meeting, Chief of Staff Ahmed al-Ashwal disused with Chinese ambassador to Yemen Chang Hau...
Yemen, Saudi Arabia Review Results of Friends Meeting
Yemen >> 5/18/2014 - Undersecretary of Foreign Ministry for Political Affairs Hameed al-Awadhi discussed with charge d'affaires the Saudi embassy in Sana'a Hazza Al-Mutairi bilateral relations between the two countries.
PM Discusses Reducing Budget Deficit in New FY
Egypt >> 5/20/2014 - The ministerial economic committee headed by Prime Minister Ibrahim Mahlab discussed on 19/5/2014 a bill on Egypt's general budget.

The committee reviewed ways to reduce the budget deficit ...
Germany Supports Transition in Yemen with € 27.6 mln
Yemen >> 5/20/2014 - Yemen and Germany signed an agreement to support the transition phase in Yemen at total cost of € 27.6 million.

The agreement, which was signed by Minister of Planning and International Coo...

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