investment

Sawiris: Succession uncertainty fuels investment anxiety
Egypt

Sawiris: Succession uncertainty fuels investment anxiety

London--Naguib Sawiris, chairman of Egypt's Orascom Telecom, said the political ambiguity that surrounds who will succeed President Hosni Mubarak is…
Direct foreign investment in Egypt down 16%
Business

Direct foreign investment in Egypt down 16%

According to data released by the Central Bank of Egypt, direct foreign investment in Egypt in the fiscal year 2009/10…
Foreign firms in Algeria face stringent new rules
Business

Foreign firms in Algeria face stringent new rules

The Algerian government has set stricter conditions on foreign corporations in Algeria, prompting fears of bankruptcy among some Egyptian firms…
Report: Local govt debt rises as subsidy expenditures fall
Business

Report: Local govt debt rises as subsidy expenditures fall

A report issued Tuesday by the state budget monitoring committee revealed an LE107 billion
CBE: Overseas investment by Egyptian banks decline sharply
Business

CBE: Overseas investment by Egyptian banks decline sharply

Overseas investment made by Egyptian banks dwindled in the first half of 2010 by nearly 22.7 percent, with a nearly…
Public-private partnership regulations to be issued in September
Business

Public-private partnership regulations to be issued in September

The Finance Ministry's Public-Private Partnership (PPP) Central Unit has finalized draft regulations for proposed legislation governing partnerships between the public…
The advantages of usufruct ownership of land
Business

The advantages of usufruct ownership of land

A recent study has highlighted the benefits of offering land to investors on a usufruct basis.Under the usufruct system, land…
Urban planning expert: Cairo needs another 24,000 hotel rooms
Business

Urban planning expert: Cairo needs another 24,000 hotel rooms

Cairo needs some 24,000 hotel rooms in addition to the existing 36,000 rooms in order to accommodate international events, according…
Migrants’ remittances: Between expenditure and investment
Business

Migrants’ remittances: Between expenditure and investment

A study on remittances and investment opportunities for Egyptian migrants was released in mid-July by the International Organization for Migration…
Minister: Economy better since global crisis
Business

Minister: Economy better since global crisis

Economic Development Minister Othman Mohamed Othman at a press conference on Thursday said the Egyptian economy had improved since the…
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