investment

Negotiations for purchase of Omar Effendi from Saudi owner still ongoing
Business

Negotiations for purchase of Omar Effendi from Saudi owner still ongoing

Negotiations for the sale of stake in iconic Egyptian department store Omar Effendi to an Egyptian
Egypt eyes LE1.2 trillion for private sector investment
Business

Egypt eyes LE1.2 trillion for private sector investment

Egypt aims to increase private sector investment to LE1.2 trillion within the next five years, according to Minister of Trade…
Political instability challenges Egypt’s investment environment
Business

Political instability challenges Egypt’s investment environment

A new parliament dominated by the ruling National Democratic Party (NDP) is expected to pave the way for more investment-friendly regulations.…
Egypt, Syria to launch negotiations over joint customs union
Business

Egypt, Syria to launch negotiations over joint customs union

Egyptian Trade and Industry Minister Rachid Mohamed Rachid on Thursday announced the formation of a committee mandated with conducting negotiations…
Trade minister calls for ‘identifying, removing’ obstacles to investment
Business

Trade minister calls for ‘identifying, removing’ obstacles to investment

Trade and Industry Minister Rachid Mohamed Rachid has called for "identifying and removing" the obstacles that currently impede foreign investment…
Egyptian businessmen eye investment in Nile Basin
Business

Egyptian businessmen eye investment in Nile Basin

The Egyptian Businessmen’s Association, a coalition of pro-business organizations, plans to carry out shuttle visits to Nile Basin countries in…
First international Coptic bank to be established in Sweden
Business

First international Coptic bank to be established in Sweden

A group of Coptic businessmen resident in Stockholm, Sweden have established an investment company with the aim of launching the…
Court postpones lawsuit against Saudi prince’s Toshka land deal
Business

Court postpones lawsuit against Saudi prince’s Toshka land deal

The Administrative Court on Monday postponed to 14 December discussion of a lawsuit calling for the annulment of a contract…
Minister: LE7 billion spent on Toshka with few tangible returns
Business

Minister: LE7 billion spent on Toshka with few tangible returns

Although the government has spent some LE7 billion on the Toshka land reclamation project, only 60,000 acres of land have…
Egypt climbs to 94th place on annual ‘Doing Business’ report
Business

Egypt climbs to 94th place on annual ‘Doing Business’ report

Egypt has risen to 94th place out of 183 countries in the 2011 "Doing Business" report, issued jointly by the…
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