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Business
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Economy
10/28/2024 4:28:19 PM
Japanese Otsuka Pharmaceutical will build the first factory in the Middle East to produce healthy supplements in the 10th of Ramadan city in Egypt at an EGP 1 billion (approximately $20 million) investment.
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Business
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Markets & Companies
10/27/2024 5:35:44 PM
Egyptian Exchange (EGX) indexes posted collective gains at the close of Sunday's trading sessions, backed by positive news about the economy regarding expectations of pumping big investments in several projects in Egypt in the coming period.
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Business
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Economy
10/27/2024 2:44:32 PM
Prime Minister Mostafa Madbouly issued a decree stipulating that The Sovereign Fund of Egypt (TSFE) be affiliated with the Ministry of Investment and External Trade, the Egyptian Gazette said.
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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
10/23/2024 6:05:40 PM
Olfat Ghorab, board chairman of the Arab Company for Drug Industries & Medical Appliances (ACDIMA), said the first factory for making biopharmaceuticals in the Middle East will start operation in Egypt in the first quarter of 2025, with investments amounting to EGP 5 billion.
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Business
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Markets & Companies
10/22/2024 5:34:17 PM
The Egyptian Exchange (EGX) indices showed mixed performance at the closing of Tuesday's trading session, backed by purchases by institutions, Arab investment funds, and Egyptian and foreign investors against sales by local and foreign institutions and Arab investors.
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Business
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Markets & Companies
10/17/2024 6:03:57 PM
The Egyptian Exchange (EGX) indices posted collective losses at the close of Thursday's trading session, on the back of selling operations by local and Arab institutions and investment funds against purchases by foreign institutions and Egyptian, Arab, and foreign investors.
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Business
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Economy
10/16/2024 2:35:32 PM
Egypt has inked deals with Saudi Arabia to inject $15 billion across various sectors, including renewable energy, industry, real estate development, tourism, and technology, Bandar Al-Amiri, head of the Saudi-Egyptian Business Council, told Al-Arabiya TV on Wednesday.
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Al-Ahram Weekly
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Economy
10/15/2024 10:16:03 PM
Investment in real estate jumped 50 per cent in the first half of 2024, reports Safeya Mounir
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Business
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Economy
10/15/2024 7:10:22 PM
Minister of Finance Ahmed Kouchouk said the country plans for six new projects in partnership with the private sector for the current fiscal year, with an investment cost reaching EGP 27 billion.
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Business
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Markets & Companies
10/14/2024 3:44:02 PM
Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday trading session, backed by purchases by foreign institutions and investment fuds, as well as Egyptian, Arab and foreign investors, against sales by local and Arab institutions.
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Business
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Economy
10/13/2024 8:33:52 PM
The European Investment Bank (EIB) perceives Egypt as a market with great potential, mainly in the renewables, transportation, and small and medium-sized enterprises (SMEs) sectors, according to the head of EIB's regional office in Cairo.
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Business
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Markets & Companies
10/13/2024 5:57:34 PM
Egyptian Exchange (EGX) indexes declined at the close of the Sunday trading session, the first session of the week, prompted by sales by institutions and foreign, local, and Arab investment funds against purchases by foreign, Arab, and Egyptian investors.
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Business
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Economy
10/9/2024 7:41:00 PM
Egypt’s Minister of Investment and Foreign Trade Hassan Elkhatib and his Malaysian counterpart are currently engaged in designing a free trade agreement (FTA) between the two countries, where palm oil will be a key pillar of this imminent action, the Malaysian Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani told Ahram Online.
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Business
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Economy
10/8/2024 6:28:35 PM
Walid Gamal El-Din, chairman of Egypt’s Suez Canal Economic Zone (SCZone), witnessed the signing of the first phase of the PYRAMIDS ALU project aimed at producing solar mounting systems at Ain Sokhna industrial zone with an investment worth of $1.8 million, according to a statement by the SCZone.
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Business
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Markets & Companies
10/8/2024 5:48:14 PM
The Swiss chocolatier Barry Callebaut is set to establish its first factory in Egypt, with an investment valued at $30 million, according to a statement from the General Authority for Investment and Free Zones (GAFI).
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Business
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Economy
10/7/2024 4:36:41 PM
The Ministry of Planning, Economic Development, and International Cooperation announced that investments directed towards Sinai and the Suez Canal cities (North Sinai, South Sinai, Suez, Ismailia, and Port Said) reached EGP 530.5 billion over the past 10 years (FY2014/2015 to FY2024/2025).
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Egypt
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Foreign Affairs
10/2/2024 7:56:49 PM
Assistant Foreign Minister for US Affairs Sameh Aboul-Enein and the newly appointed Canadian Ambassador to Egypt Ulrich Shannon discussed Tuesday enhancing economic ties, attracting Canadian investments to Egypt, and boosting trade relations.
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Business
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Economy
10/2/2024 7:33:17 PM
State-owned Cairo for Investment and Development (CID) announced a partnership with LEONI Egypt to invest €40 million in a new facility for producing electrical harnesses in Robeiki City, reported the Ministry of Transport and Industry.
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Business
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Economy
10/2/2024 11:21:45 AM
Egypt's foreign direct investment (FDI) inflows surged to a record $46.1 billion in FY 2023/2024, compared to $10 billion in the past year, showed data released by the Central Bank of Egypt (CBE) on Tuesday.
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