investment
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
Business
September 23, 2016
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…
IMF announces three-year $12 bln funding deal with Egypt
Egypt
August 11, 2016
IMF announces three-year $12 bln funding deal with Egypt
The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Egypt for a $12 billion…
MPs refuse to consider bill offering citizenship in return for dollars
Egypt
August 4, 2016
MPs refuse to consider bill offering citizenship in return for dollars
Seventy MPs have announced their outright rejection of a bill submitted to parliament by MP Mahmoud Attia granting Egyptian nationality…
Net foreign direct investment up by 13.7%: Investment Ministry
Business
July 8, 2016
Net foreign direct investment up by 13.7%: Investment Ministry
The Investment Ministry has released figures suggesting a net increase in foreign direct investment (FDI) in Egypt during the 2015-2016…
Eni to invest US$2 bn in Egypt in 2017: official
Business
February 28, 2016
Eni to invest US$2 bn in Egypt in 2017: official
The Italian multinational oil and gas company Eni will add US$2 billion to Egypt's investments in the first quarter of 2017 through its Zohr natural gas…
Egypt’s investment climate worst in Arab world: business tycoon
Egypt
February 22, 2016
Egypt’s investment climate worst in Arab world: business tycoon
Orascom Holding Group Chairman and business tycoon Samih Sawiris criticized the investment climate in Egypt describing it as the "worst…
Egypt plans to sell shares in state-owned companies
Business
January 19, 2016
Egypt plans to sell shares in state-owned companies
Egypt plans to list shares in state-owned bank and companies on the stock market, the presidency said on Tuesday, in…
Egyptian-Sudanese Investment Forum to be launched Tuesday
Business
December 13, 2015
Egyptian-Sudanese Investment Forum to be launched Tuesday
The East Africa Business Council (EABC) is organizing the Egyptian-Sudanese Investment Forum which will take place on Tuesday under the…
IFC to invest in Egypt-based Sphinx Glass
Business
November 30, 2015
IFC to invest in Egypt-based Sphinx Glass
The International Finance Corporation (IFC), a member of the World Bank Group, announced on Sunday that it is investing in…
EFG joins consortium to acquire Egypt’s e-payment service
Business
November 11, 2015
EFG joins consortium to acquire Egypt’s e-payment service
EFG Hermes, one of the Middle East’s leading investment banks, has joined a consortium to acquire a majority stake in…