EGX Increase Expected in 2017

• Tuesday, 7th February 2017
• by Farah Montasser

The Egyptian Stock Exchange (EGX) targets 20,000 points level by the end of 2017 amid the current economic conditions, achieving 60% increase compared to its closing level by the end of 2016

USTDA Regional Director Meets Darwish

• Monday, 6th February 2017
• by Yasmin El-Beih

Head of the Suez Canal Economic Zone Ahmed Darwish met with Regional Director of the US Trade & Development Agency (USTDA) Carl Kres to discuss boosting trade and industrial sectors in the Suez Canal Economic Zone, Invest-Gate reports.

Parliament Approves KWD 50 mn loan for Sinai Development Projects

• Thursday, 2nd February 2017
• by Farah Montasser

The House of Representatives approved a KWD 50 mn (approx. EGP 3.07 bn) loan on February 1, signed between Minister of International Cooperation Sahar Nasr and the Arab Fund for Economic and Social Development (AFESD) to develop agriculture in Sinai through land reclamation and well drilling

Khorshid Unveils Integrated Development Plan for Upper Egypt

• Sunday, 29th January 2017
• by Farah Montasser

The Ministry of Investment has set up an integrated development plan for attracting investments in Upper Egypt

Nasr: The State Supports Small and Medium Enterprises in Upper Egypt

• Sunday, 29th January 2017
• by Farah Montasser

Following China and India’s footsteps, Egypt will link small and medium enterprises (SME) with larger ones as to encourage investors

Fitch Rates New Egyptian Dollar Bonds ‘B’

• Thursday, 26th January 2017
• by Yasmin El-Beih

Fitch Ratings has assigned Egypt's new senior unsecured bonds issued under the sovereign's Global Medium-Term Note programme 'B' ratings, Invest-Gate reports.

EGX Imposes EGP 25,000 Penalty on Global Telecom Holding

• Thursday, 26th January 2017
• by Yasmin El-Beih

The EGX’s Listing Committee imposed an EGP 25,000 penalty on Global Telecom Holding due to a violation of Article 27 of the Listing Rules.

EFSA Issues First Egyptian Standards for Buildings’ Financial Evaluation

• Wednesday, 25th January 2017
• by Yasmin El-Beih

The ِEgyptian Financial Supervisory Authority (EFSA) issued the first Egyptian standards for the financial evaluation of buildings on January 24.

SCZone Aims for World’s Best 7 Investment Destinations in 2035

• Tuesday, 24th January 2017
• by Yasmin El-Beih

The General Authority for Suez Canal Economic Zone (SCZone) is targeting to become one the best seven investment destination in 2035 worldwide by making use of facilities, customs tax exemptions, and other measures that make it a competitive economic destination, Invest-Gate reports.

Ministry of Investment Displeased on Egypt’s 2017’s WEF IDI Ran

• Tuesday, 24th January 2017
• by Yasmin El-Beih

Egypt was ranked 73rd out of 79 developing economies in the World Economic Forum’s Inclusive Growth Development Index (IDI) for 2017 released on January 23, which was later met with backlash by the Ministry of Investment.