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Business
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Markets & Companies
5/28/2023 11:57:34 AM
Egypt's General Authority for Investment (GAFI) issued two golden licenses to BSH Egypt and Beko Egypt Group for the production of home appliances and durable goods in 10th of Ramadan City.
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Business
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Economy
5/23/2023 1:06:47 PM
The Egyptian government has granted 10 golden licenses to new businesses, President of the General Authority of Investment (GAFI) Hossam Abu Heiba said on Monday during an interview with Asharq Business.
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Business
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Markets & Companies
5/7/2023 6:51:45 PM
Samsung Electronics Egypt sales have reached $1.3 billion to become the top seller of electronics in the country, according to a statement by the General Authority for Investment and Free Zones (GAFI).
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Business
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Economy
4/16/2023 7:20:06 PM
Several global manufacturers are building factories and expanding in Egypt, injecting millions of dollars in the market, CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba stated during a meeting with Prime Minister Mostafa Madbouly.
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Egypt
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Politics
12/15/2022 6:12:32 PM
Prime Minister Mostafa Madbouly appointed on Thursday investment banker Hossam Ahmed Heiba as executive president of the General Authority of Free Zones and Investment (GAFI).
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Business
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Markets & Companies
12/6/2022 7:37:32 PM
General Manager of JADE Textile Egypt Selim Sankaya said that the company is ready to increase its investments in the Egyptian weaving sector to $70 million and to up its total investments in the weaving and textiles industry to $220 million.
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Business
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Economy
10/24/2022 6:23:32 PM
Raising the private sector’s contribution to Egypt’s GDP and creating an environment for them to play a greater role in the country’s economy were the key issues on the second day of Egypt’s Economic Conference, held on Monday.
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Egypt
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Politics
9/27/2022 1:43:56 PM
President Abdel-Fattah El-Sisi stressed the state's interest in eliminating impediments to industrial development, affirming that obstacles to investment will be removed within a month or two.
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Business
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Markets & Companies
9/5/2022 7:03:16 PM
Americana Group, one of the largest food companies and operators of restaurant chains in the Middle East, plans to invest $26 million in the launch of new production lines, according to Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel-Wahab.
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Business
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Markets & Companies
8/30/2022 6:45:20 PM
Egypt’s General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) on Tuesday with the Dutch multinational automotive company Stellantis to study driving further investments into the country’s automotive industry sector, a cabinet statement said.
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Business
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Economy
6/21/2022 4:10:39 PM
Egypt and Saudi Arabia signed 14 investment agreements worth $7.7 billion on Tuesday, the General Authority for Investment and Free Zones (GAFI) said in a statement.
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Business
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Economy
4/5/2022 7:02:27 PM
Japan's giant automotive components producer Yazaki Europe Limited is set to establish a factory in Egypt's Fayum governorate, southwest of the capital Cairo, to produce braided wires for cars, with initial investments of up to 20 million euros.
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Business
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Economy
2/10/2022 6:14:18 PM
Mohamed Abdel-Wahab, CEO of the General Authority for Investment and Free Zones (GAFI), announced on Thursday the launch of the updated version of Egypt's investment map with new facilities and mechanisms that allow investors to offer proposals electronically.
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Egypt
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Urban & Transport
9/29/2021 8:05:37 PM
Prime Minister Moustafa Madbouly witnessed on Wednesday the inking of a national cooperation protocol offering a number of residential, agricultural and developmental communities in North and South Sinai for potential investment, a statement by the cabinet said.
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Business
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Economy
5/25/2021 3:30:58 PM
GAFI noted that $2.4 billion of total investments are Arab and foreign capitals, adding that the gross investment costs of the free zones posts $28.4 billion
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Business
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Economy
10/5/2020 8:32:20 PM
The programme aims to diversify the structure of the Egyptian economy, increase its flexibility, and raise the ability to absorb external and internal shocks, said El-Said
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Business
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Economy
8/11/2020 11:18:44 PM
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Business
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Economy
4/9/2020 7:05:46 PM
The move is to help Egyptian investment projects amid the impacts of the coronavirus pandemic
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Egypt
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Politics
2/13/2020 9:38:00 PM
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Business
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Economy
2/10/2020 9:31:50 PM
Madbouly stressed the need to target new markets, noting that an integrated marketing plan dedicated to national investment projects is being prepared to be reviewed by the GAFI board
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