Egypt’s infrastructure investments ascend by LE 2.3B over 7 years

Mon, 25 Oct 2021 - 06:12 GMT

​She explained that the sector is expected to grow during 2020-2024, as this growth will be primarily driven by active partnerships between the public and private sectors and the expansion of green buildings to increase energy efficiency and advanced infrastructure.

E-Finance currently studying investing in one or more companies from different sectors

Mon, 25 Oct 2021 - 12:19 GMT

The group's strategy at the present time includes investing the proceeds of the capital increase to support the activities of the group's subsidiaries.

Orange seeks to pump $300M investments in Egypt during 2022

Mon, 25 Oct 2021 - 12:01 GMT

L'Oreal also confirmed that it exports 85 percent of the production of its factory in Egypt.

Egypt's Cabinet approves establishing Digital Egypt Fund, rationalizing investment spending for 6 months

Tue, 19 Oct 2021 - 04:04 GMT

The cabinet reviewed the current changes in the fertilizer market, and assigned the Prime Minister to form a specialized committee to develop urgent solutions, according to a statement issued, Tuesday.

Egyptian, Greek chiefs of state confer over economic cooperation, Libyan crisis

Tue, 19 Oct 2021 - 09:43 GMT

President Abdel Fatah al-Sisi began his visit to Athens Tuesday by a bilateral meeting with Greek Prime Minister Kyriakos Mitsotakis.

For the 4th year, Egypt ‘most attractive investment destination in Africa’

Fri, 01 Oct 2021 - 12:15 GMT

Egypt came as the best attractive destination for investment in Africa for the fourth year in a row, according to “Where to invest in Africa” report issued by the Rand Merchant Bank in 2021.

Egypt’s planning minister, World Bank delegation discuss future cooperation plan

Thu, 16 Sep 2021 - 03:54 GMT

El-Said pointed to the second phase of the national economic reform program.

Egypt seeks local, foreign investors to build 17 desalination plants

Fri, 20 Aug 2021 - 12:53 GMT

The government has begun looking for partners to invest in a $2.5 billion project that would be completed by 2025, in a serious attempt to address water shortages.

Experts reflect on performance of Egyptian exports to fellow African states

Wed, 04 Aug 2021 - 02:14 GMT

The panel discussion displayed the opportunities and challenges impacting Egyptian exports to fellow African countries.

Czech Export Support Bank allocates $300M to be pumped into Egyptian market

Sun, 01 Aug 2021 - 04:08 GMT

Czech Foreign Minister Yaakov Kulhanek announced the start of Czech financial institutions and banks to support their country's companies to inject new investments into the Egyptian market and support inter-trade.

MEVAC plans to invest LE 1.8B in establishing 3 factories to produce vaccines

Wed, 28 Jul 2021 - 01:11 GMT

This came during a meeting held by Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones, with Chris Nelson, CEO of the American "Kemen" company, one of the largest companies in the field of manufacturing veterinary vaccines in Egypt, the Middle East and Africa, in addition to the pharmaceutical and human vaccine industries.

Egypt can cooperate with African Funding Corporation in 3 sectors: PM

Wed, 28 Jul 2021 - 10:30 GMT

Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.

‘Made in Egypt’ expo concludes in Juba amid admiration to Egyptian products

Mon, 19 Jul 2021 - 02:35 GMT

The Made in Egypt exhibition, which was held in South Sudan’s capital, Juba, concluded its activities on Sunday.

Growth rate among investments of most needy villages hit 1500% in 3 years

Sun, 18 Jul 2021 - 05:14 GMT

This came in a report that is recently issued by Ministry of Planning on the national project for the development of Egyptian rural villages, entitled “Decent Life”.

Egypt allocates LE19.8B to implement governments' investment plan during 2021/22

Mon, 12 Jul 2021 - 01:17 GMT

These funds will be used to support the urgent and emergency needs of the governorates and to complete the implementation of projects that have been started in the areas of extending and strengthening electricity networks, lighting, paving roads, improving the environment, security, firefighting and traffic, and supporting the needs of local units.

Egypt's Cabinet publishes figures on economic performance between 2009, 2021

Sat, 10 Jul 2021 - 02:42 GMT

The Media Center of the Cabinet released Saturday the figures.

American company plans to inject investments of $5B in Egypt within 5 years

Thu, 08 Jul 2021 - 03:50 GMT

The ambassador added that he is personally communicating directly with many groupings of American companies, urging them to explore promising opportunities to invest in Egypt, according to a statement issued by the Finance Ministry on Thursday.

Egypt to be guest country at silver jubilee of St. Petersburg International Economic Forum

Tue, 22 Jun 2021 - 11:46 GMT

The announcement was made following a meeting by Egyptian Ambassador to Moscow Ihab Nasr and Advisor to Russian President Anton Kobyakov.

City Edge Developments Signs a Memorandum of Understanding with Sky Investments

Tue, 15 Jun 2021 - 05:07 GMT

City Edge Developments signed a strategic memorandum of understanding with Sky Investments that allows the company to take part in the marketing, leasing, and property management of brands in CED’s project in Sheikh Zayed.

African states to launch business consulting entity by end of 2021

Sun, 13 Jun 2021 - 05:57 GMT

They will also launch a digital platform presenting investment opportunities in the sectors of priority as well as the investment legislations of each African state.