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Egypt
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Foreign Affairs
4/1/2024 5:26:46 PM
Minister of Foreign Affairs Sameh Shoukry said Egypt looks forward to New Zealand encouraging private sector investments in the Egyptian market, as he met on Monday with his New Zealand counterpart Winston Peters.
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Business
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Economy
3/19/2024 5:30:59 PM
Minister of Finance Mohamed Maait said the state is placing a stringent ceiling of EGP 1 trillion on public investments in the upcoming fiscal year 2024/25, while also capping public debt.
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Business
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Markets & Companies
3/3/2024 12:16:26 PM
Magic Land Al-Hokair, owned by Saudi Abdul-Mohsen Al-Hokair Holding Group, launched on Saturday the "Tanza" project in collaboration with the Egyptian Media Production City (EMPC), under a usufruct system with investments totaling EGP 1.1 billion.
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Business
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Energy
2/28/2024 9:44:14 PM
Egypt signed seven Memoranda of Understanding (MOUs) on Wednesday in green hydrogen and renewable energy with seven global developers with expected investments worth $41 billion over ten years, the Egyptian Government announced.
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Business
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Energy
2/19/2024 10:54:27 PM
Egypt's President Abdel-Fattah El-Sisi met on Monday with BP CEO Murray Auchincloss on the sidelines of EGYPS 2024, where he lauded BP’s outstanding activities, the size and scope of its growing investments in Egypt, as well as its exploration projects in the oil and gas sector.
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Advertising
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Sponsored
2/17/2024 5:47:00 PM
Misr Italia Properties Surpasses 2023 Sales Target with Total Contractual Sales Soaring to EGP 16.1bn, Achieving a 46% Growth with Total Pumped Investments of EGP 2.1bn
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Al-Ahram Weekly
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Economy
2/6/2024 9:15:27 PM
Egypt’s industrial sector holds the key to increasing exports, attracting investments, and alleviating the dollar crunch, experts tell Ahmed Abdel-Hafez
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Business
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Tech
2/6/2024 7:15:17 PM
Prime Minister Mostafa Madbouly said that he is looking forward to more investments of Samsung Electronics company in Egypt in the coming period especially in light of the investment incentives of the Egyptian government to encourage establishing local industries that can benefit from exporting opportunities and incentives from Egypt to the targeted markets.
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Business
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Energy
2/4/2024 8:08:48 PM
European countries show growing interest in Egypt's significant potential in renewable energy. Hence, Egypt can play a crucial role in supplying European markets with renewable electricity, contributing to environmental improvement, creating new job opportunities, and boosting economic growth and trade.
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Business
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Economy
1/31/2024 6:58:19 PM
The Egyptian Cabinet approved a plan to reduce the state budget public investment plan for the fiscal year (FY)2023/2024 by 15 percent, according to a statement on Wednesday.
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Business
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Economy
1/30/2024 6:40:05 PM
The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt, following the receipt of final approval from the Central Bank of Egypt (CBE), according to a statement by the bank on Tuesday.
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Business
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Economy
1/25/2024 7:21:58 PM
Egypt dominated the European Bank for Reconstruction and Development’s (EBRD) investments in the Southern and Eastern Mediterranean last year as the lender committed €1.29 billion to 16 projects.
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Business
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Economy
1/23/2024 8:08:04 PM
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total, according to a Cabinet statement on Tuesday.
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Egypt
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Foreign Affairs
1/23/2024 11:58:36 AM
Egypt’s Foreign Minister Sameh Shoukry urged European countries to increase their investments in Egypt, leveraging the comprehensive modernization underway in the country.
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Business
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Markets & Companies
1/21/2024 2:48:03 PM
Dubai-based global fintech company CoorB announced the launch of its operations in Egypt, Saudi Arabia, and the UAE, according to a statement on Sunday.
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Business
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Economy
1/18/2024 9:39:06 PM
To fortify its economy over the next presidential term, Egypt has rolled out an extensive eight-directional economic strategy spanning 2024-2030.
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Business
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Economy
1/15/2024 12:31:56 PM
Egypt has received requests worth over $6 billion from international and Gulf investors, expressing their interest in obtaining new licenses to invest in renewable energy projects, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Sunday.
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Business
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Economy
1/14/2024 8:56:58 PM
Egypt's Initial Public Offering (IPO) programme, which commenced in February 2023, has attracted $3.5 billion in investments so far, Minister of Finance Mohamed Maait said on Sunday.
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Business
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Economy
1/13/2024 7:28:38 PM
The Egyptian government is preparing to introduce a social protection package that encompasses various improvements, including wage and pension adjustments and an increase in the tax exemption threshold, said Minister of Finance Mohamed Maait, according to a Cabinet statement on Saturday.
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Business
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Economy
1/9/2024 5:00:32 PM
The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
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