Jade Textile aims to increase investments in Egypt's spinning sector by $70M

Tue, 06 Dec 2022 - 05:19 GMT

This aim will raise the volume of the company's investments exceeding $220 million in the textile industry, and the number of job opportunities provided by the company rises to 12,000 direct job opportunities as well as indirect opportunities, Sanakya elaborated.

Egypt aims to sign contracts for 9 projects with $15B investments during COP27

Wed, 02 Nov 2022 - 06:29 GMT

These projects come within the the nexus of water, food and energy (NWFE) Program.

Egypt spends $400B on infrastructure to lure investments

Tue, 01 Nov 2022 - 03:50 GMT

The minister's remarks were made during her meeting with a delegation of the Qatar Businessmen Association (QBA), chaired by Sheikh Faisal bin Qassim Al Thani in the presence of Head of the Federation of Egyptian Industries (FEI) Mohamed El Sweidi.

Egypt’s President Sisi gives investor applicants three-month golden license

Sat, 29 Oct 2022 - 10:40 GMT

According to this license, investors will obtain a state’s single approval that enables them to buy/rent lands, operate, and manage the projects. The license could be extended for additional three months in case of achieving progress.

Discussions bet. sovereign fund, Emirati companies to pump new investments in Egypt

Wed, 26 Oct 2022 - 03:52 GMT

This came during the celebrations of the 50th anniversary of the establishment of Egyptian-Emirati relations, organized by the two governments.

Emirati investments in Egypt amount to $22B

Wed, 26 Oct 2022 - 03:33 GMT

Toud pointed out that there are about 1,390 Emirati companies investing in Egypt.

Sisi asks CBE for fresh initiatives attracting foreign investments

Sun, 02 Oct 2022 - 03:55 GMT

President Abdel Fattah al-Sisi met asked new Central Bank Governor Hassan Abdullah on Sunday to form fresh initiatives attracting foreign investments to Egypt soon.

IDSC: Egypt first investment destination for Arab sovereign funds in 2022

Tue, 27 Sep 2022 - 07:35 GMT

The Cabinet's Information and Decision Support Center (IDSC) said that Egypt is the first investment destination for Arab sovereign funds in 2022, foremost among which are the Saudi and Emirati investments.

Volume of private secor investments expected to hit LE 300 bln in Egypt's new fiscal year

Mon, 19 Sep 2022 - 06:46 GMT

The volume of private sector investments is expected to reach about 300 billion pounds during the new fiscal year.

GAFI chairman in talks over increasing German investments in Egypt

Thu, 15 Sep 2022 - 02:53 GMT

Abdel Wahab made the remarks during a meeting with CEO of Association of German Chambers of Industry and Commerce (DIHK) Martin Wansleben.

Egypt's Finance Minister, S.Korean ambassador discuss bilateral ties

Sun, 11 Sep 2022 - 12:26 GMT

The two sides exchanged views on ways to overcome the obstacles faced by Korean companies operating in Egypt, as well as ways to support them.

Egypt targets LE 294.2B investments in urban development during FY 2022/23: Planning ministry

Thu, 25 Aug 2022 - 12:33 GMT

This came in a report issued by the Planning and Economic Development Ministry to clarify the objectives of the urban development sector in the plan for the current FY 2022/2023.

Emirati investments in Egypt jump to $1.9B in H1 of 2021/22

Sun, 21 Aug 2022 - 03:24 GMT

Trade exchange between Egypt and the United Arab Emirates (UAE) rose 1.4 percent to about $1.2 billion during the first quarter of 2022, compared to $1.1 billion during the same period in 2021.

Investments in stock portfolio in Egypt records new outflow of about $17.2B in 9 months

Mon, 08 Aug 2022 - 03:01 GMT

A stock portfolio is a collection of stocks that an investor invests in with the hope of making a profit.

MCIT: Egypt targets upping foreign investments of startups to $850M by end of 2022

Tue, 26 Jul 2022 - 04:24 GMT

Talat's remarks were made at a meeting of the Lebanese-Egyptian Business Association (LEBA).

Egypt’s Gov’t reveals public investments acquire largest share thanks to national projects

Sun, 10 Jul 2022 - 09:00 GMT

The government investments include (investments of the state administrative apparatus, investments of local administration, investments of public service bodies).

Egypt’s Sisi, UAE FM discuss bilateral ties, regional issues

Sun, 26 Jun 2022 - 04:07 GMT

The Spokesman noted that the meeting discussed ways to foster closer bilateral relations at various levels, particularly at the economic level. The meeting also tackled increasing Emirati investments in several fields in Egypt, mainly in the sectors of energy, transport, ports and tourism.

Saudi investments in Egypt exceed $32B

Tue, 21 Jun 2022 - 11:39 GMT

The Egyptian investments in Saudi Arabia amount to $5 billion through more than 802 Egyptian companies.

30% of Hayah Karima investments directed to green projects

Mon, 13 Jun 2022 - 04:05 GMT

The canal lining project is one of the projects with economic and environmental returns that the state is implementing within the projects of a decent life at the level of Egyptian villages.

COP27 conf. to promote development investments in Egypt, says min.

Sun, 12 Jun 2022 - 03:38 GMT

"The government aims to attract $10 billion in foreign direct investments a year," he said, adding that the State Ownership Policy and the Golden License will empower the private sector to raise its contribution rate to 50 percent of the GDP within three years.