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Financials and Investment News

National Bank of Egypt, Banque Misr Keep Interest Rate
Egypt >> 3/17/2020 - The National Bank of Egypt (NBE) and Banque Misr decided to keep the interest rate on their three-year saving certificates unchanged to support individuals’ savings and mitigate the effects of the CBE...
Central Bank of Egypt’s Emergency Rate Cuts Were Necessary, But Not Enough
Central Bank of Egypt’s Emergency Rate Cuts Were Necessary, But Not Enough Egypt >> 3/17/2020 - The interest rate cuts made by the Central Bank of Egypt , the largest since the flotation of the Egyptian pound in November 2016, were necessary to contain the severe impact of the coronavirus outbre...
National Bank of Egypt, Banque Misr Keep Interest Rate of 3-Year Saving Certificates Unchanged
Egypt >> 3/17/2020 - The National Bank of Egypt (NBE) and Banque Misr decided on Tuesday to keep the interest rate on their three-year saving certificates unchanged to support individuals’ savings and mitigate the effects...
Kuwait PM Meets Commerce Leaders, Lauds Their Efforts
Kuwait >> 3/18/2020 - His Highness the Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah on Wednesday, with attendance of Minister of Commerce and Industry Khaled Al-Roudhan, with the department leaders and affiliate au...
Assar, GAFI's Chairman Discuss Investment Opportunities
Egypt >> 3/18/2020 - Minister of State for Military Production Mohamed Saeed el Assar discussed with Chairman of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab investment opportunities in t...
Egyptian Stock Exchange Catalyst Package to Be Submitted to Parliament Soon
Egypt >> 3/18/2020 - Egypt’s Minister of Finance Mohamed Maait has said that a Stock Exchange catalyst package that the prime minister announced Tuesday will be submitted to parliament soon for approval.

In a s...
Pm, Egx Chairman Discuss Market Developments During Corona-Virus
Egypt >> 7/20/2020 - Prime Minister Moustafa Madbouli met with Chairman of the Egyptian Exchange (EGX) Mohamed Farid to discuss developments on the securities market in light of Corona-virus.

The pandemic has tak...
Mashat: EIB Approves € 1.9 Billion For Egypt
Egypt >> 7/20/2020 - The European Investment Bank (EIB) approved €1.9 billion to finance projects in Egypt as part of €16.6 billion of new financing dedicated for projects across Europe and around the world, said Internat...
CAPMAS: Egypt Exports To Int'l Groupings Up By 3.2% In 2019
Egypt >> 7/20/2020 - Egyptian exports to international groupings of which Egypt is a member hit $29.8 billion in 2019 against $28.9 billion in 2018, marking a 3.2 percent rise.

In a bulletin the Central Agency fo...
Active Movement of Ships, Trucks at Alex. Port
Egypt >> 8/5/2020 - Alexandria port witnessed an active movement of ships, goods and trucks.

as many as 69 ships were anchored in the port. Also, 17 ships arrived at the port and 11 left it, Spokesman for the ...
EGX Gains EGP 3.8 Bn
Egypt >> 8/5/2020 - The Egyptian Exchange (EGX) indexes gained EGP 3.5 billion at the end of the trading session .

The market capital hit about EGP 593.5 billion. The EGX 30 benchmark index went up by 0.79 per...
Egypt’s Net Foreign Reserves Edge Up to Us$38.31 Bn in July – Central Bank
Egypt >> 8/6/2020 - Egypt’s net foreign reserves rose slightly to US$38.315 billion in July from $38.202 billion in June, the central bank said

Foreign reserves had dropped since March from a high of more tha...
Bourse Gains EGP 5.3 Bn, All Indexes Up
Egypt >> 8/10/2020 - The Egyptian Exchange (EGX) indexes posted collective gains during trading session, backed by purchases of local institutions and investment funds, against selling operations by Arab and foreign inves...
Egypt’s Growth to Drop to 2% in FY2020/21, Domestic Activity to Contract in 2Q, 3Q of 2020
Egypt >> 8/11/2020 - The COVID-19 crisis has altered Egypt’s macroeconomic outlook, as the country’s growth in FY2019/2020 and FY2020/2021 had already been lowered to 2 and 2.8 percent in May and June, compared to the pre...
Egypt, Sudan Agree to Overcome Hindrances Facing Flow of Trade
Egypt >> 8/24/2020 - Minister of Trade and Industry Niveen Gamea' said that an agreement was reached with the Sudanese side to outline a work plan to overcome the hindrances facing the flow of trade between Egypt and Suda...
Egypt's FY2020/21 Budget Targets Reducing Poverty Rate to 30%, Illiteracy to 22%: Planning Minister
Egypt >> 8/24/2020 - Egypt’s current FY2020/2021 budget aims to reduce the poverty rate to 30 percent, down from 32.5 percent in FY2017/2018, and to reduce the extreme poverty rate to 5 percent, Minister of Planning and E...
Egypt’s Central Bank to Offer EGP 19 Bln T-Bills to Plug State Budget Deficit
Egypt >> 8/24/2020 - The Central Bank of Egypt (CBE) is set to offer two types of treasury bills (T-bills) in Egyptian pounds worth EGP 19 billion, including 91-day term T-bills worth EGP 8.5 billion, and 266-day term T-b...
UNDP, Japan to Provide Egypt With $2.73 Mln to Address Socio-Economic Impacts of COVID-19
Egypt >> 8/25/2020 - The United Nations Development Programme (UNDP) and the government of Japan have said they will expand an existing partnership supporting Egypt’s crisis management in order to address the socio-econom...
Fund Transfers Between UAE's Banks Amount to AED5.054 Trillion in Six Months
United Arab Emirates >> 8/30/2020 - The total value of fund transfers among the UAE's banks amounted to AED5.054 trillion during the first six months of 2020, according to the statistics released by the Central Bank of the United Arab E...
AED494 Bn Worth of 10.56 Million Cheques Handled by Clearing System in Six Months
United Arab Emirates >> 8/30/2020 - A total of 10.56 million cheques worth AED494 billion have been handled by the Cheque Clearing System over the first six months of 2020, according to the statistics of the Central Bank of the UAE.
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