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Business
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Markets & Companies
1/31/2022 4:40:17 PM
The International Finance Corporation (IFC), a World Bank body, is set to pump $20 million in investments in Egypt-based Ezdehar, a private equity fund manager focused on Egypt.
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Egypt
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Politics
1/24/2022 7:39:43 PM
Egypt will focus on meeting the obligations of the Paris Agreement on climate change and explore how the private sector and NGOs can play a role in financing green investments during COP27, which Egypt is set to host this year, said Egypt’s Foreign Minister and COP27 President Designate Sameh Shoukry.
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Business
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Economy
1/23/2022 5:18:19 PM
Global foreign direct investment (FDI) flows jumped by 77 percent in 2021 to an estimated $1.6 trillion, up from the $929 billion recorded in 2020, exceeding their pre-COVID-19 level, according to the United Nation Conference on Trade and Development’s (UNCTAD) Investment Trends Monitor report.
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Egypt
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Foreign Affairs
1/22/2022 9:08:39 PM
Egypt’s Foreign Minister Sameh Shoukry urged the Omani private sector and businessmen on Saturday to enhance their presence in the Egyptian market during a meeting with the Egypt-Oman joint business council in Muscat.
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Egypt
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Foreign Affairs
1/20/2022 2:54:00 PM
South Korean President Moon Jae-in believes Egypt is a magnet for global investments with a huge potential for growth. This is why the two countries inked a comprehensive partnership agreement during President Abdel-Fattah El-Sisi’s visit to Seoul in March 2016.
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Business
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Economy
1/18/2022 6:03:07 PM
Foreign investors have pumped $970 million since early January in investments in Egypt’s long-term treasury bills (T-bills), an official source at the Central Bank of Egypt (CBE) said on Tuesday.
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Business
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Markets & Companies
1/18/2022 3:26:03 PM
New Japanese companies plan to head to the Egyptian market and to inject fresh investments in the country over the coming period, benefitting from its attractive business and investment atmosphere, said Ambassador of Japan to Egypt Oka Hiroshi.
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Business
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Markets & Companies
1/17/2022 5:45:37 PM
Ride hailing is one of the increasing businesses in the Egyptian market, especially amid the COVID-19 pandemic.
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Business
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Markets & Companies
1/16/2022 5:48:20 PM
The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral development financial institution, and the Islamic Development Bank (IsDB) have established the Infra Initiative, a $1 billion private sector-focused infrastructure financing initiative, according to IsDB.
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Al-Ahram Weekly
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Economy
1/4/2022 7:41:42 PM
Al-Ahram Weekly looks at the investments being poured into the development of Upper Egypt, with many important projects opening at the end of 2021.
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Egypt
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Urban & Transport
12/22/2021 6:42:26 PM
Egyptian President Abdel-Fattah El-Sisi stressed on Wednesday the importance of the private sector's role in development projects, saying that some 4,475 private companies have participated in national development projects nationwide with investments ranging from EGP 1 billion to EGP 75 billion.
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Business
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Economy
12/16/2021 2:57:41 PM
Singapore has a strong presence in the Egyptian market with total investments of $1 billion and about $500 million in trade flow, according to the Ambassador of the Republic of Singapore Dominic Goh.
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Business
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Economy
12/15/2021 1:15:47 PM
Foreign investments in Egypt’s local-currency debt instruments market have rebounded after experiencing a drop amid the pandemic, helping the country to finance its larger current account deficit resulting from continued strong domestic demand and a decline in tourism revenue, which has also begun to recover, Fitch Ratings said in a new report.
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Business
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Economy
12/14/2021 3:45:28 PM
Egypt has allocated EGP 3.6 trillion between FY2014/15 and FY2021/22 for public investments, according to Minister of Planning and Economic Development Hala El-Said.
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World
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International
12/13/2021 2:18:07 PM
Vice President Kamala Harris on Monday is announcing $1.2 billion in commitments from international businesses to support the economies and social infrastructure of Central American nations, as she works to address what the White House terms the ``root causes'' of migration to the United States.
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Business
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Economy
12/8/2021 4:31:39 PM
Egypt’s Minister of Trade and Industry Nevine Gamea said on Wednesday that Bahrain is one of Egypt’s most important economic partners in the Gulf Cooperation Council.
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Business
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Markets & Companies
12/7/2021 5:23:55 PM
The Egyptian Chamber of Apparel and Home Textile Indutries (ECAHT) launched on Tuesday a project on upgrading technical textile’s industry supply chains that aims to attract about $800 million in investments, ECAHT announced.
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Business
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Markets & Companies
12/7/2021 1:30:46 PM
Pakistani Ambassador to Cairo Sajid Bilal has lauded the efforts made by Egyptian start-ups investing in Pakistan, voicing his country’s full support for further Egyptian investment in the Asian country.
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Business
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Markets & Companies
12/6/2021 7:47:08 PM
Tanzanian President Samia Hassan inaugurated the first phase of Egypt’s Elsewedy Industrial Complex in Tanzania, which includes investments totalling $35 million, Elsewedy Electric said in a statement on Monday.
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Business
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Markets & Companies
12/6/2021 5:25:06 PM
Careem — a ride hailing service in the Egyptian market — plans to increase its investments in the country in 2022 and beyond, Haitham Essam, the general manager of Careem Egypt, told Ahram Online.
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