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Financials and Investment News

South Sinai Governor Follows Up Preparation for Africa 2019
Egypt >> 12/1/2018 - Governor of South Sinai Khaled Fouda on Friday inspected the under construction Africa Square in Sharm El Sheikh.

The square is scheduled to be opened ahead of the Africa Forum 2018, to kick ...
Investment Minister Forms Committee for Activating Incentive System
Investment  Minister Forms Committee for Activating Incentive System Egypt >> 12/1/2018 - Investment and International Cooperation Minister Sahar Nasr issued a decision to form a committee tasked with activating the incentive system, stipulated in the Investment Law.

Chaired by CE...
Trade Minister, Afreximbank Head Discuss Final Preparations for IATF
Egypt >> 12/1/2018 - Minister of Trade and Industry Amr Nassar discussed with members of a delegation from the African Export-Import Bank (Afreximbank), led by the bank’s head Benedict Orama, the final preparations for t...
Algerian, Gabonese Chambers of Commerce Ink Agreement
Algeria >> 12/1/2018 - A partnership agreement has been signed in Libreville, Gabon, between Algerian and Gabonese chambers of trade and industry, aiming at boosting economic cooperation between the two countries.
Egypt Organizes 3 Economic Conferences in Preparation for AU Presidency
Egypt >> 12/2/2018 - In preparation for the presidency of the African Union at the beginning of 2019, Egypt will host three major economic events this month, reflecting its pivotal role in the continent and its continued ...
Egypt Takes Strong Steps towards Encouraging Investment
Egypt Takes Strong Steps towards Encouraging Investment Egypt >> 12/2/2018 - Investment Minister Sahar Nasr said that Egypt takes strong steps towards encouraging investment through the provision of electricity and energy, as well as the network of roads and ports, which res...
Finance Ministry Keeps Customs Dollar at LE 16 for Intermediate Goods
Egypt >> 12/2/2018 - The Finance Ministry will keep its customs exchange rate in December at EGP 16 to the dollar as regards intermediate goods and semi-finished products like Tobacco.

Finished products like ciga...
Algeria-Gabon: Several Economic Partnership Agreements Signed in Libreville
Algeria >> 12/2/2018 - Several agreements of memorandums of understanding were signed in Libreville to give a new impetus to the economic partnership and trading between Algeria and Gabon.
UAE Says Qatar's Decision to Leave OPEC Admission of Decline of Doha's Role
United Arab Emirates >> 12/3/2018 - The United Arab Emirates said Doha's decision to leave OPEC was a reflection of the decline of its influence.

"The political aspect of Qatar's decision to quit OPEC is an admission of the de...
Some 48 Ships Transit Suez Canal
Egypt >> 12/3/2018 - Forty-eight ships transited the Suez Canal with a combined cargo of nearly 3.5 million tons.

The south-bound convoy included 25 vessels carrying 1.9 million tons, while the north-bound convoy...
GAFI Approves Work Regulations At Investment Zones
Egypt >> 12/3/2018 - Meeting under Investment Minister Sahar Nasr, the General Authority for Investment (GAFI) board approved regulations of an in-house work system to be applied at investment zones.

The rules a...
Egypt Aiming For At Least Two Foreign Currency Bond Issues in Q1 2019: Finance Minister
Egypt >> 12/3/2018 - Egypt is aiming for at least two foreign currency bond issues in the first quarter of 2019, the finance minister said .

“It can be two or more ... in the next quarter, we are planning for the...
Egypt's Finance Ministry Auctions T-Bills Worth EGP 18.2bn
Egypt >> 12/3/2018 - The Ministry of Finance auctioned treasury bills at a total value of EGP 18.250 billion.

In an online statement, the ministry said it sold EGP 9.750 billion of 91-day T-bills with an average ...
Egypt Achieved Initial Surplus of EGP 2 Bln in Fiscal Year 2017/18: Finance Minister
Egypt >> 12/3/2018 - Egypt's Finance Minister Mohamed Mait has said that the government has managed to achieve an initial surplus of EGP 2 billion in the fiscal year 2017/18, adding that the state is targeting an initial ...
CBB Treasury Bills Oversubscribed
Bahrain >> 12/3/2018 - This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 106%. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the King...
Egypt's EFG Hermes Advising on Four M&A Deals Expected in H1 2019
Egypt >> 12/3/2018 - Egypt’s EFG Hermes investment bank is acting as an advisor on four merger and acquisition deals expected in the first half of 2019, Hermes investment banking co-head Mostafa Gad said.

The ban...
UAE Takes Part in IDEX Egypt
United Arab Emirates >> 12/3/2018 - The United Arab Emirates National Pavilion participates in the International Defense Exhibition 2018, taking place in Cairo Egypt till Dec. 5. The participating delegation under the United Arab Emir...
Algeria, Saudi Arabia Want to Strengthen Investments, Trade
Algeria >> 12/3/2018 - Minister of Industry and Mining Youcef Yousfi and Saudi Minister of Commerce and Investment Majid ben Abdullah Al Qasabi affirmed , in Algiers, that Algeria and Saudi Arabia hope to strengthen partner...
Algerian-Saudi Arabia: Bilateral Meetings between Business Managers
Algeria >> 12/3/2018 - Representatives of more than 100 Algerian companies and managers of 50 Saudi firms specialized in various economic fields examined, in bilateral meetings (B2B) in Algiers, on the sidelines of the work...
Egypt’s Foreign Currency Reserves Rose $12m In Nov: CBE
Egypt >> 12/4/2018 - The Central Bank of Egypt (CBE) announced that Egypt’s foreign currency reserves rose by $12 million in November to stand at $44.513 billion, compared to $44.501 billion in October.

Before...

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