|
Business
-
Economy
10/1/2023 7:52:34 PM
A delegation of 24 Japanese companies has visited the Suez Canal Economic Zone (SCZone) to explore renewable energy investment opportunities with a special focus on green fuel, according to a statement by the zone on Sunday.
|
|
Business
-
Energy
9/26/2023 3:10:30 PM
Egyptian Natural Gas Holding (EGAS) awarded four exploration contracts in the Mediterranean and Nile Delta to foreign companies, with minimum investments of $281 million and $7.5 million in signing grants, according to a Tuesday statement.
|
|
Business
-
Economy
9/25/2023 5:21:37 PM
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments in the sector and 85 percent of all ongoing real estate projects in the country, according to a report by Property Finder.
|
|
Business
-
Economy
9/24/2023 2:55:39 PM
Egypt has revised up its projected total investments in oil and natural gas to $9 billion (EGP 277 billion) during the fiscal year 2023/24, according to Minister of Petroleum and Mineral Resources Tarek El-Molla.
|
|
Business
-
Energy
9/24/2023 1:21:40 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, has underscored the imperative for banks to take a more substantial role in driving the transition to green economies through investments in climate projects.
|
|
Business
-
Economy
9/22/2023 1:21:46 PM
Total investments in Egypt’s new cities have reached EGP 705 billion ($22.82 billion), according to Walid Abbas, Deputy Chairman of the New Urban Communities Authority (NUCA).
|
|
Business
-
Economy
9/20/2023 4:02:14 PM
Egypt's Main Development Company for the Suez Canal Economic Zone (SCZONE) signed a contract with Rolling Plus for chemical industries to build a tyre manufacturing plant for passenger cars and light and heavy vehicles with €1 billion ($1.07 billion) investments in Ain Sokhna, read an official statement on Wednesday.
|
|
Life & Style
-
City Lights
9/14/2023 2:39:15 PM
The Embassy of Singapore in Cairo held a reception party on 12 September to mark Singapore’s 58th National Day.
|
|
Business
-
Economy
9/10/2023 10:16:04 PM
Deputy Minister of Planning and Economic Development Ahmed Kamail said Sunday that Saudi investments in Egypt recorded $ 32 billion, stressing that Egypt seeks to increase cooperation in trade and investment with Saudi Arabia.
|
|
Egypt
-
Foreign Affairs
9/6/2023 4:03:00 PM
President Abdel-Fattah El-Sisi held a meeting with Japanese Foreign Minister Hayashi Yoshimasa on Wednesday. The meeting focused on development efforts in Egypt, which have led to a surge in Japanese investments.
|
|
World
-
Africa
9/5/2023 2:05:13 PM
The UAE pledged $4.5 billion in clean energy investments in Africa on Tuesday at a landmark climate summit aimed to showcase the continent's potential as a green powerhouse.
|
|
Business
-
Economy
9/2/2023 8:44:16 PM
Hossam Heiba, CEO of Egypt's General Authority for Investment and Free Zones (GAFI), announced that Egypt secured the top spot in Africa in terms of the value of incoming foreign direct investments (FDI) in 2022.
|
|
Business
-
Economy
8/30/2023 5:17:46 PM
Economic growth in the United States was weaker than first estimated for the April to June period, the Commerce Department said Wednesday, noting downward revisions in business investment.
|
|
Business
-
Energy
8/29/2023 7:05:04 PM
The Egyptian government announced a plan to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion in investments until mid-2025, according to a Cabinet statement on Tuesday.
|
|
Business
-
Economy
8/23/2023 4:00:57 PM
The Egyptian General Authority of Investment and Free Zones (GAFI) has approved an application by GV Investments to establish an EGP 500 billion ($16.17 billion) industrial city near Atfih in the Western Desert, according to a cabinet statement on Wednesday.
|
|
Business
-
Energy
8/20/2023 9:28:56 PM
The US-based energy company Apache Corporation plans to invest around $1.4 billion in Egypt in 2024, stated John Christmann, CEO and President of Apache's parent company APA Corporation, during a meeting with Egyptian Prime Minister Mostafa Madbouly.
|
|
Business
-
Economy
8/17/2023 5:48:23 PM
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank, the company's chairman Ibrahim Sarhan announced in a bourse statement on Tuesday.
|
|
Business
-
Economy
8/13/2023 3:40:58 PM
Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors, as part of a plan to narrow the country’s $30 billion trade gap, according to a statement on Sunday.
|
|
World
-
International
8/10/2023 10:00:07 AM
US President Joe Biden on Wednesday issued an executive order aimed at restricting certain American investments in sensitive high-tech areas in China -- a move Beijing blasted as being "anti-globalization".
|
|
Business
-
Economy
8/7/2023 2:56:22 PM
The Egyptian General Authority for Investment and Free Zones (GAFI) announced on Monday the creation of a new single-approval system for projects to facilitate investments.
|