Egypt Zones accountACCOUNT

Financials and Investment News

Turkish Tourist Arrivals Plummet 40% in June, Biggest Drop in 22 years
Turkey >> 7/28/2016 - The number of foreigners visiting Turkey plummeted more than 40% in June, official data showed, marking the biggest drop in at least 22 years as tensions with Russia and a series of deadly bombings ke...
Egypt Expects to Get at Least $2 bln within 2 months of Agreeing IMF Loan
Egypt Expects to Get at Least $2 bln within 2 months of Agreeing IMF Loan Egypt >> 7/28/2016 - Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan programme with the International Monetary Fund, a senior finance ministry official said.
Yemen: Finance Ministry Warns of systematic Targeting to State Resources
Yemen >> 7/29/2016 - The Finance Ministry has warned of the disastrous consequences of the systematic targeting to the state’s public resources up and keeping them outside of the public treasury.

Any targeting ...
Egypt to receive first payment of IMF loan in three months
Egypt to receive first payment of IMF loan in three months Egypt >> 7/29/2016 - Finance Minister Amr el Garhi said that Egypt is expected to receive three billion dollars, the first batch of an International Monetary Fund (IMF) loan, in the second quarter of this fiscal year.
...
IMF welcomes supporting Egypt in facing economic challenges
IMF welcomes supporting Egypt in facing economic challenges Egypt >> 7/29/2016 - The International Monetary Fund welcomes supporting Egypt in the face of current economic challenges.

During a news conference at the IMF headquarters in Washington, Spokesman William Murra...
Egypt to pay $8bn of its debts during current fiscal year
Egypt to pay $8bn of its debts during current fiscal year Egypt >> 7/29/2016 - Egypt will pay USD 8 billion from its debts during the current fiscal year, said Deputy Finance Minister for Financial Policies Ahmed Koujak.

In statements, Koujak added that obtaining a lo...
Sherif Ismail meets with chairman of “Terra Sola” group
Sherif Ismail meets with chairman of “Terra Sola” group Egypt >> 7/29/2016 - Prime Minister Sherif Ismail received President of Terra Sola Swiss group David Heimhofer.

The meeting tackled the executive steps regarding the establishment of a plant for the production ...
Libya government, oil guards reach deal to reopen ports
Libya >> 7/29/2016 - Libya's U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the terminals shut down since D...
Tarek Qabil reviews with Mistubishi team projects in Egypt
Tarek Qabil reviews with Mistubishi team projects in Egypt Egypt >> 7/30/2016 - Trade and Industry Minister Tarek Kabil held talks with a delegation of Mitsubishi Heavy Industries, a key Japanese company, on Mistubishi's future projects in Egypt.

In statements, Kabil s...
Nasr reviews measures to fund Sinai development program
Nasr reviews measures to fund Sinai development program Egypt >> 7/30/2016 - Minister of International Cooperation Sahar Nasr reviewed final measures of the first batch of a Saudi loan to bankroll a Sinai development program.

Egypt will receive 500 million dollars w...
Telecom Egypt board tentatively agrees to buy 4G licence
Egypt >> 7/31/2016 - Telecom Egypt (TE), the state-owned landline monopoly, said its board had tentatively approved plans to buy a fourth-generation mobile licence and a company official said it would offer the services w...
Nasr receives World Bank delegation
Nasr receives World Bank delegation Egypt >> 7/31/2016 - Minister of International Cooperation Dr. Sahar Nasr has received a World Bank delegation, currently visiting Cairo for talks on Egypt’s new and ambitious plan for the reclamation of 1.5 million fedda...
Sisi urges taking social aspect into consideration in applying economic reforms
Sisi urges taking social aspect into consideration in applying economic reforms Egypt >> 7/31/2016 - President Abdel Fattah El Sisi chaired a meeting including Prime Minister Sherif Ismail and Finance Minister Amr Garhy.

The meeting reviewed the current tax system in Egypt and the general...
Egypt Denies IMF has Imposed Conditions on Loan Package
Egypt >> 7/31/2016 - The International Monetary Fund (IMF) has not imposed any preconditions on Egypt in order to implement a mooted $12 billion loan package, the country's finance ministry said.

The ministry's r...
Egypt's External Debt to Reach $53.4 billion with IMF Loan
Egypt's External Debt to Reach $53.4 billion with IMF Loan Egypt >> 8/1/2016 - Egypt's Finance Minister Amr al-Garhy said in a television interview that Egypt's external debt would reach $53.4 billion if his country receives an International Monetary Fund (IMF) loan.

La...
Sisi Warns Tough Measures to Fix Economy are Looming
Sisi Warns Tough Measures to Fix Economy are Looming Egypt >> 8/1/2016 - President Abdel Fattah al-Sisi warned Egyptians that tough measures would be needed to turn the country's ailing economy around, as the government negotiates a $12 billion loan programme with the Inte...
Egypt:AOI delivers air-conditioned train, metro carriages
Egypt >> 8/1/2016 - Transport Minister Galal el-Saeed and Chairman of the Arab Organization for Industrialization (AOI) Abdel Aziz Seif Eddin attended a ceremony marking the OAI delivery of two air-conditioned railway an...
Sisi discusses steps to offer shares of State companies on Stock Exchange
Sisi discusses steps to offer shares of State companies on Stock Exchange Egypt >> 8/1/2016 - President Abdel Fattah El Sisi met with Investment Minister Dalia Khorshed.

The meeting took up steps to offer capital of public sector companies on the Stock Exchange, said presidential ...
40 ships transit Suez Canal
40 ships transit Suez Canal Egypt >> 8/2/2016 - Forty ships transited the Suez Canal with a total cargo of 2.3 million tons.

The south-bound convoy included 22 vessels carrying 1.6 million tons, while the north-bound convoy included 18 shi...
Sherif Ismail receives IMF mission
Sherif Ismail receives IMF mission Egypt >> 8/2/2016 - Prime Minister Sherif Ismail received members of the International Monetary Fund (IMF) mission, currently on a visit to Cairo, with the governor of the Central Bank of Egypt and the finance minister a...

Accounting, Statistics Asset Portfolio Management Economics/Financial Analysis Gas Export General Investment Mergers and Acquisitions
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.