Business
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
March 14, 2015
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion (LE3.4 billion) over 4-5 years, the oil…
PepsiCo to invest US$500 mn in Egypt this year
March 14, 2015
PepsiCo to invest US$500 mn in Egypt this year
PepsiCo will invest $500 million in Egypt this year to expand production, its business unit manager for North East Africa…
CEO: UAE firm KBBO plans US$2 bn investments in Egypt
March 14, 2015
CEO: UAE firm KBBO plans US$2 bn investments in Egypt
Khalifa bin Butti Bin Omeir (KBBO) group, a private investment group in the United Arab Emirates, plans to invest US$2…
Egypt launches new administrative capital
March 13, 2015
Egypt launches new administrative capital
Egypt's government launched on Friday a new administrative capital east of Cairo at the cost of $45 billion, during the…
IMF’s Lagarde: Right policies key to meet Egypt’s economic goals and reforms
March 13, 2015
IMF’s Lagarde: Right policies key to meet Egypt’s economic goals and reforms
Egypt can simultaneously achieve goals of economic growth and economic reforms if coupled with the right polices, the International Monetary…
Egypt tycoon says family to invest billions in new projects
March 13, 2015
Egypt tycoon says family to invest billions in new projects
A tycoon from Egypt's wealthiest family said Friday that they are putting up a fifth of the country's investment needs…
Oman pledges $500 mln to Egypt at Sharm conference
March 13, 2015
Oman pledges $500 mln to Egypt at Sharm conference
Oman pledged to give Egypt $500 million in grants and investment over the next five years, the president of the…
Update: Gulf Arab allies pledge $12 billion to Egypt at summit
March 13, 2015
Update: Gulf Arab allies pledge $12 billion to Egypt at summit
Egypt expects to sign agreements worth up to $20 billion at a weekend investment summit in the Red Sea resort…
Sisi: Egypt targets 6% growth over 5 years, 10% unemployment
March 13, 2015
Sisi: Egypt targets 6% growth over 5 years, 10% unemployment
Egypt is targeting economic growth of 6 percent over the next five years, and decrease in the unemployment rate to…
Chile’s ENAP to build $30mn oil pipeline in Egypt
March 13, 2015
Chile’s ENAP to build $30mn oil pipeline in Egypt
A subsidiary of Chile's state oil company ENAP will invest $30 million to build a 90 km oil pipeline in…