Lebanese investors keen on tapping Egyptian market: Official

Sun, 18 Sep 2022 - 04:35 GMT

Shuqair urged investors to visit new economic zones in Egypt to get firsthand information about the volume of achievements there.

Egypt's sovereign fund secures LE25.5B investments in 2021, studies 44 projects worth LE140B

Sun, 18 Sep 2022 - 03:01 GMT

Soliman noted that these investments were pumped in sectors of utilities and infrastructure, tourism, real estate investment, antiquities development, financial services and digital transformation, education and industry.

Senate committee recommends financial allocations to support foreign missions to attract investments

Sat, 17 Sep 2022 - 08:38 GMT

The parliamentary committee stressed the importance of determining financial allocations to support the role of foreign missions in the field of attracting investment and facilitating the entry of Egyptian exports abroad.

Egypt's Health Min. offers gov't hospitals for investment to private sector

Thu, 15 Sep 2022 - 03:58 GMT

Abdel Ghaffar added that the hospitals offered to private sector companies for investment include, "The Coptic Hospital, Heliopolis, and Sheraton".

OPPO establishes mobile phone factory in Egypt with $20M investments

Tue, 13 Sep 2022 - 01:21 GMT

According to the MoU, the plant's production capacity is scheduled to reach 4.5 million units annually, according to a statement from the Council of Ministers on Tuesday.

Accelerating digital transformation 'main pillar' in developing Suez Canal economic zone

Mon, 12 Sep 2022 - 03:46 GMT

The economic and social development plan for the fiscal year 2022/2023 revealed the continuation of development efforts for the economic zone of the Suez Canal, to maximize the economic returns from it.

Tabby shopping app expands to Egypt offering flexible payments with no interest, no fees

Thu, 08 Sep 2022 - 09:26 GMT

Tabby works with multiple brands to offer flexible payments at checkout, creating an opportunity for Egyptians to stay in control of their spending and make the most out of their money.

Americana Group to launch new production lines in Egypt: GAFI chairman

Mon, 05 Sep 2022 - 02:43 GMT

The move aims to increase the group's presence in the food industries sector in Egypt along with targeting new markets to export its products.

Investments of private insurance funds in Egypt reach LE 9.4B within 6 months

Tue, 23 Aug 2022 - 04:00 GMT

The FRA added that the investments of insurance funds during May hiked 61.7 percent, to LE 1.720 billion, compared to LE 1.064 billion.

On 75th anniversary of Egyptian-Indian relations, Indian Embassy in Cairo showcases current cooperation

Thu, 18 Aug 2022 - 08:05 GMT

The Indian Embassy in Cairo released Thursday a report on the relations of both countries on the occasion of the 75th anniversary of their establishment.

3rd edition of Egyptian Expats Entities Conference kicks off Tuesday

Tue, 16 Aug 2022 - 02:10 GMT

The conference has as main goal acquainting non-resident Egyptians with ongoing development plans and investment opportunities so they would make effective contributions.

Saudi-Egyptian Company announces its investment plan for MOPCO

Sun, 14 Aug 2022 - 03:26 GMT

The Saudi-Egyptian Company confirmed, in a statement, that the company's commercial objectives or its proposals regarding the management of "MOPCO" do not negatively affect its management or harm the interests of its customers.

Egypt raises targeted investments for transport sector by 27.5% in 2022/2023

Tue, 02 Aug 2022 - 02:38 GMT

The government aims for the transportation sector's production at current prices to reach LE 672.4 billion the current fiscal year, compared to LE 586.5 billion in the base year 2022/2021, marking an increase of 14.7 percent.

Egypt ranks 3rd among Arab countries in FDI inflows in 2021

Mon, 01 Aug 2022 - 01:53 GMT

As such, Egypt acquired 16.4 percent of new FDI in the region.

UAE's Aldar Properties plans to expand land portfolio in Egypt within $1.5B investment

Mon, 01 Aug 2022 - 12:58 GMT

Regarding Aldar's acquisition of Madinet Nasr for Housing and Development (MNHD), Al-Dhiyabi said that the MNHD rejected the proposals submitted by the Emiriti company til the latter raises its purchase offer.

Egypt aims to invest LE82.9B in agricultural sector during 2022-2023

Tue, 26 Jul 2022 - 04:05 GMT

The Ministry also targets to achieve an increase in agricultural production from LE 1.2 trillion expected in 21/2022 to LE 1.37 trillion in the 22/2023 plan.

PM urges private sector to benefit from investment opportunities in light of growing ties with UAE

Mon, 25 Jul 2022 - 03:16 GMT

Jaber pointed to large attention from brotherly countries to the initiative's details to join it.

Egypt, Serbia agree on deepening cooperation in agriculture, investments in Sisi's first visit to Belgrade

Wed, 20 Jul 2022 - 01:02 GMT

President Abdel Fattah al-Sisi and his Serbian counterpart Aleksandar Vučić agreed on Wednesday to explore wider horizons of cooperation that may help counteract the impact of the Ukrainian crisis on other economies.

Egypt's FM meets representatives of UK business community, funding institutions

Wed, 06 Jul 2022 - 03:42 GMT

That was during his visit to London, whose purpose was launching the UK-Egypt Association Council.

Egypt offers 4.4K industrial units for sale nationwide

Wed, 06 Jul 2022 - 02:50 GMT

Chairman of the General Authority for Industrial Development Mohamed al-Zalat displayed Tuesday in a meeting with Prime Minister Mostafa Madbouli more details on the establishment of 13 industrial complexes nationwide.