investment

MPs refuse to consider bill offering citizenship in return for dollars
Egypt

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

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

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

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

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

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

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

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…
Ernst & Young: Egyptian market has promising opportunities for acquisitions and mergers
Business

Ernst & Young: Egyptian market has promising opportunities for acquisitions and mergers

Midhat  Afifi, financial advisor to Ernst & Young, has said that investment in Egypt requires unconventional ideas, as well as…
UAE company to invest $1.5 bn for development of Gulf of Suez
Business

UAE company to invest $1.5 bn for development of Gulf of Suez

The South Valley Petroleum Holding Company has signed a memorandum of understanding with the UAE company Enma Al Ain to…
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