Three Consortiums Vie to Develop Dry Port in West Cairo

• Monday, 11th February 2019
• by Invest Gate

The Egyptian finance ministry has revealed that three international consortiums are competing to win a contract for the construction of a dry port, west Cairo, with investments expected to exceed USD 100 mn.

Egypt Revenues Leap 35.5% in Q1 FY2018/19: Minister

• Monday, 26th November 2018
• by Invest Gate

Egypt's Finance Minister Mohamed Maait said that the state's revenues soared by 35.5% in Q1 of FY 2018/19, putting the government on track to achieve its targeted primary budget surplus of 2%

Egypt’s Budget Deficit Records EGP 259 bn in 8M

• Thursday, 28th June 2018
• by Invest Gate

Egypt’s Ministry of Finance (MoF) announced that the state’s budget deficit has surged by 14.2% year-on-year (Y-o-Y) in the first eight months of FY 2017-18

Egypt Disburses EGP 1.5 bn to Install Energy-Saving Street Lights

• Wednesday, 20th June 2018
• by Invest Gate

Egypt’s Ministry of Finance (MoF) announces a disbursement of EGP 1.5 bn to fund the first and second phases of its plan to displace the country’s street lights by energy-saving bulbs

Egypt To Lower Customs Exchange Rate To EGP 16 For September

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt will lower its customs exchange rate to EGP16 per USD from 16.25, effective September 1, Finance Minister Amr El-Garhy told Reuters