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Business
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Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).
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Business
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Economy
9/30/2023 8:16:30 PM
Egypt recorded a 10 percent increase year-on-year in foreign direct investment (FDI) inflows by the end of FY2022/23, Hossam Heiba, CEO of Egypt's General Authority for Investment and Free Zones (GAFI), said on Saturday.
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Business
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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.
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Al-Ahram Weekly
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Opinion
8/30/2023 11:19:00 PM
BRICS’ invitation to Egypt to join the increasingly influential economic bloc last week is definitely a positive step that should be warmly welcomed.
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Business
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Economy
7/25/2023 9:03:25 PM
Revenue from the Suez Canal and tourism in Egypt rose by 22.3 percent and 25.7 percent, respectively, during the first nine months of the fiscal year (FY) 2022/2023, while remittances from Egyptian expats dropped over 26 percent, according to a report published by the Central Bank of Egypt (CBE) on Tuesday.
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Business
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Economy
7/6/2023 1:10:23 PM
Egypt ranked first in North Africa for foreign direct investment (FDI) inflows in 2022, receiving a total of $11.4 billion, the highest amount since 2017, according to the United Nations Conference on Trade and Development (UNCTAD).
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Business
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Economy
5/31/2023 2:03:35 PM
Egypt's Minister of Planning and Economic Development, Hala El-Said, announced Tuesday in the Senate that the government aims to collect $83 billion in foreign currencies during FY 2023/24 through four streams, according to an official statement.
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Al-Ahram Weekly
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Egypt
5/25/2023 7:56:00 PM
Growing economic ties between Egypt and the US are the focus of the newly established US-Egypt Joint Economic Commission, Vice President of Middle East Affairs at the US Chamber of Commerce Steve Lutes says.
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Business
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Economy
5/24/2023 3:36:41 PM
Egypt ranked 14th among the world's top attractive and trusted emerging markets for foreign investments, ahead of Turkey, Morocco, South Africa, and Russia, according to a report by American global management consulting firm Kearney.
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Business
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Economy
5/18/2023 1:26:56 PM
Egypt's business community has welcomed the government's new decisions bolstering support for investors in Egypt, while some members have called for more legislative reforms followed by relevant bylaws to see these decisions implemented on the ground.
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Business
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Economy
5/17/2023 2:01:26 PM
The newly restructured Supreme Council for Investment approved on Tuesday 22 decisions to encourage foreign direct investments (FDIs) and private investments in Egypt.
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Business
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Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.
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Business
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Economy
1/1/2023 9:50:09 PM
The Sovereign Fund of Egypt (TSFE) has, since 2018, attracted 43 percent of total foreign direct investment (FDI), or EGP 37 billion, according to a statement by Egyptian Presidential Spokesman Bassam Rady on Sunday.
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Egypt
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Politics
11/16/2022 2:12:18 PM
"The Senate will discuss a study on 'Foreign Direct Investments in Egypt: obstacles and incentives,'" said Senate Speaker Abdel-Wahab Abdel-Razek on Tuesday, adding that the study, prepared by the parliamentary majority party Mostaqbal Watan, will be discussed first by the Senate's Financial and Economic Affairs Committee, which in turn will prepare a report to be debated by the Senate in its meeting scheduled for 27 November.
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Business
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Economy
10/10/2022 7:47:46 PM
Net foreign direct investment (FDI) inflows rose by 71.4% to hit about dlrs 8.9 billion during last fiscal year (FY) 2021-2022, if compared to the same period last fiscal year (FY) 2021-2022.
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Al-Ahram Weekly
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Egypt
8/30/2022 10:06:29 PM
What needs to be done to ensure the success of the government’s privatisation programme, asks Al-Ahram Online
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Business
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Economy
8/1/2022 3:07:54 PM
Egypt ranked third among Arab countries in terms of foreign direct investment (FDI) inflows in 2021 with $5.4 billion. The sum represents 16.4 percent of total FDI inflows to the region.
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Business
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Economy
6/14/2022 8:10:42 PM
As Egypt seeks to grant the private sector a greater role to play in the country’s economic activities, Prime Minister Mostafa Madbouly launched on Monday the State Ownership Policy Document that charts a roadmap for expanding the private sector’s role in a number of economic activities in the Egyptian market going forward.
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Business
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Markets & Companies
6/12/2022 5:12:14 PM
Egypt’s government targets attracting foreign direct investments (FDIs) worth $10 billion annually to improve the country’s economic development and create more job opportunities, Minister of Finance Mohamed Maait stated on Sunday.
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Business
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Economy
2/2/2022 4:51:03 PM
Egypt’s balance of payments attained an overall surplus of $311.4 million in the first quarter (1Q) FY2021/2022 (July-September 2021), the Central Bank of Egypt (CBE) announced on Wednesday.
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