War in Ukraine
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Economy
6/15/2022 2:27:00 PM
Organizers of Russia's showpiece investment gathering are telling foreign participants to be sure to bring cash, not necessarily for making investments, but for spending money.
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Egypt
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Foreign Affairs
6/15/2022 1:50:25 PM
The EU has allocated €100 million in immediate relief to encourage investments in Egypt's agricultural sector and secure the country's food needs during the global grain crisis that resulted from the Russian-Ukrainian War, President of the European Commission Ursula von der Leyen has announced.
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COP27
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Articles
6/14/2022 9:29:41 PM
Not only do the African countries cause the least harm to the world’s climate, they also offer the greatest promise of returns from appropriate climate-related investments.
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Business
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Economy
6/13/2022 2:51:13 PM
UAE-based investment company Chimera Investments submitted a non-binding offer to Egypt’s Financial Regulatory Authority (FRA) to acquire a controlling stake in Egypt-based Beltone Financial Holding, according to statements issued by the three parties on Monday.
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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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Egypt
6/10/2022 2:36:00 PM
Egypt is leveraging its relations with Arab Gulf countries to offset the negative impacts of the Russia-Ukraine crisis.
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Business
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Economy
6/2/2022 7:35:49 PM
Emirati businessman Omar Abduallah Al-Futtaim, the CEO of Al-Futtaim Group, said on Thursday that the group is working on expanding its investments in the Egyptian market despite economic challenges, and that it plans to inject from $700 million to $1 billion in investments in Egypt during the next three years.
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Business
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Energy
6/1/2022 4:30:51 PM
The Suez Canal Economic Zone (SCZONE) and German energy storage firm H2 Industries signed on Wednesday a Memorandum of Understanding (MoU) to build the first waste-to-hydrogen plant in the zone, with total investments amounting to $4 billion.
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Business
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Economy
5/29/2022 5:14:00 PM
The UAE’s government announced on Sunday that it is allocating an investment fund of $10 billion for joint projects with Egypt and Jordan as part of a newly launched partnership industrial initiative meant to achieve sustainable economic development among the three countries.
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Al-Ahram Weekly
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Egypt
5/27/2022 4:16:00 PM
Egypt is looking to bolster its investments in water desalination projects.
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Al-Ahram Weekly
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Economy
5/18/2022 10:43:00 AM
The European Union is strengthening its cooperation with Egypt in fighting terrorism and building bilateral relations.
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Al-Ahram Weekly
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Egypt
5/18/2022 9:50:00 AM
As it prepares to host COP27 in November, Egypt is hoping to attract more green investments.
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Business
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Energy
5/16/2022 8:08:00 PM
GreenTech Business Mission to Egypt, which concluded its activities on Monday, is meant to support Egypt as it gears up to host COP27 in Sharm El-Sheikh in November, said Vice President of the US Chamber of Commerce and a leader of the mission Marty Durbin.
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Business
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Markets & Companies
5/12/2022 2:31:19 PM
Over the past five years, Egypt has witnessed a boom in the fintech sector, with venture capital investments rising to $159 million with 32 deals concluded in 2021, up from only $1 million raised in 2017 from three fintech deals, according to the Central Bank of Egypt’s (CBE) recent fintech report.
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Business
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Economy
5/3/2022 6:13:18 PM
Egyptian Minister of Trade and Industry Nevine Gamea and a delegation from Mercedes-Benz Egypt discussed in Cairo on Tuesday boosting the company’s projects in the country.
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Business
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Energy
4/23/2022 4:51:06 PM
The Ministry of Environment participated in a celebration held at the Wadi Degla Protectorate, coinciding with the 52nd World Earth Day for 2022 that is being held this year under the slogan “Invest in Our Planet.”
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Egypt
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Foreign Affairs
4/21/2022 12:32:48 AM
Egyptian Foreign Minister Sameh Shoukry discussed on Wednesday with UK Minister for South Asia, North Africa, the UN and the Commonwealth at the Foreign, Commonwealth and Development Office (FCDO) Lord Ahmad boosting British investments in Egypt and the issue of human rights in the country.
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Al-Ahram Weekly
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Egypt
4/20/2022 12:48:00 PM
The UAE made major investments in Egyptian listed companies in a series of deals this week.
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Egypt
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Foreign Affairs
4/18/2022 10:18:18 PM
Minister of Foreign Affairs Sameh Shoukry was received on Monday by King Felipe VI in Madrid, Spain, where they discussed Egypt’s economic reform programme, green transformation, and preparations for the UN Conference of Parties on Climate Change (COP27), a statement by the foreign ministry said.
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Business
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Energy
4/17/2022 10:49:00 PM
Egypt is pressing ahead with efforts to lure foreign investments into green hydrogen production, part of its ambitious plans to become a transit route for clean energy to Europe, according to Prime Minister Mostafa Madbouly.
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