Egypt’s business digest Aug. 1Egypt to host 21st Euromoney conference in September
Finance Minister Hani Kadry during The Euromoney Egypt Conference - YOUM7


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Egypt to host 21st Euromoney conference in September

Egypt will host the 21st Euromoney Conference from 19 to 20 September with the participation of the country’s International Cooperation Minister Sahar Nasr and senior government officials.

“We are delighted to confirm the participation of H.E. Dr Sahar Nasr, Minister of International Cooperation, Arab Republic of Egypt. H.E. Tarek Amer, Governor of the Central Bank of Egypt has also agreed to take part in a one-on-one live interview during the conference,” according to a statement released on the conference’s website.

The conference will address latest economic reform policies introduced by the Egyptian government and whether they are enough to solve the country’s economic crisis.

Euromoney Conferences is a prominent organizer of large-scale financial events in the major financial capitals of the world and the Middle East, notably Saudi Arabia, Egypt, Kuwait, Bahrain, Turkey and Qatar.


Egypt exchange opens on positive note

The Egyptian Exchange moved higher in Tuesday’s session early trade, as the benchmark index EGX 30 added 0.40 percent, Youm7 reported.

The small and mid-caps index EGX70 inched up 0.10 percent to, while the broader index EGX100 surged 0.22 percent.


JICA, CAPMAS launch joint project to develop statistical quality

The Japan International Cooperation Agency (JICA) and Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) launched a joint Project for developing statistical quality system, Youm7 reported on Monday.

The three-year project aims to enhance the capacity and management of CAPMAS during an anticipated census for Egypt’s population and housing, scheduled to be implemented this year.


Egypt’s external debts to rise to $53.4 b with IMF loan: finmin

Egypt’s external debt would reach $53.4 billion if his country receives an International Monetary Fund (IMF) loan, finance minister Amr al Garhy announced on Monday.

The figure correlates with data released by the Central Bank of Egypt (CBE) which shows that the country’s external debt had already reached $53.4 billion in the third quarter of fiscal year 2015-2016.

An International Monetary Fund (IMF) mission arrived in Cairo on July 30 to negotiate a loan package worth $12 billion.


Egypt M2 money supply rises 18.6 pct in June -central bank

(Reuters) – Egypt’s M2 money supply was up 18.6 percent at the end of June from a year earlier, the central bank said on its website.

The money supply stood at 2.095 trillion Egyptian pounds, it said.

Following is a table of the latest Egyptian M2 money supply figures in trillions of Egyptian pounds, according to the central bank’s website.

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