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Business
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Economy
10/24/2024 1:09:38 PM
Egypt significantly counts on its coastal areas to attract foreign direct investments (FDIs), especially from the Gulf, to ensure a positive investment climate and sustain its foreign exchange (FX) liquidity in the market.
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Business
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Economy
9/23/2024 4:58:19 PM
Egypt launched the national comprehensive strategy for financing during the Summit of the Future, held by the United Nations on 22-23 September in New York, the Ministry of Planning, Economic Development, and International Cooperation said in a statement on Monday.
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Business
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Economy
7/1/2024 7:22:25 PM
Egypt's Minister of International Cooperation Rania Al-Mashat stated that the European Union’s €1.8 billion investment package to Egypt will attract a total of €11 billion in foreign direct investments (FDIs).
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Business
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Economy
4/24/2024 3:43:03 PM
Egypt’s Minister of Trade and Industry Ahmed Samir met on Wednesday with an investment delegation from the Austrian Holding Petrochemicals Company and the Czech Darslovska Company to discuss their plan to establish a sodium cyanide production plant in Egypt.
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Al-Ahram Weekly
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Egypt
3/3/2024 11:46:00 PM
The timing of the purchase of the development rights to Ras Al-Hekma on Egypt’s North Coast by the Abu Dhabi Sovereign Wealth Fund could not have been better for the economy.
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Business
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Economy
1/8/2024 2:13:11 PM
Egypt plans to increase its annual foreign currency revenue from exports, tourism, remittances, foreign direct investments (FDIs), the Suez Canal, and outsourcing services to $300 billion in 2030 from around $100 billion, according to a government document released this month.
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Business
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Economy
1/2/2024 4:06:53 PM
Egypt has set a target of attracting $12 billion in foreign direct investments (FDIs) during the fiscal year (FY) 2023/2024, which ends in June, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Tuesday.
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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
5/18/2023 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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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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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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Al-Ahram Weekly
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Economy
7/6/2021 10:34:14 PM
Egypt is set to witness a rebound in foreign investment in 2022, writes Katie McMahon
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Business
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Economy
5/10/2021 2:21:35 PM
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE
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Al-Ahram Weekly
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Economy
5/3/2021 9:33:00 AM
Egypt’s current account deficit increased by half in the second quarter of 2020-21
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Business
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Economy
4/26/2021 12:33:29 PM
In the past five years, Egypt’s GDP grew to reach EGP 5.9 trillion by the end of FY 2019/20 – up from EGP 3.4 trillion in FY 2016/17, reported the finance ministry
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Business
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Economy
12/1/2020 1:37:10 PM
The report revealed that the current account deficit incresaed to $11.2 billion from $10.9 billion in F 2018/19
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Business
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10/28/2019 8:08:12 PM
UNCTAD said FDI flows to Africa registered $23 billion during 1H 2019, down by two percent in the same period in 2018
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