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Business
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Economy
11/27/2023 4:51:01 PM
Majid Al Futtaim Holding Group, a prominent Emirati conglomerate, announced it is planning to inject $1 billion in new investments into the Egyptian market in the near future, said Ahmed Galal Ismail, the CEO of the group, during a meeting with Prime Minister Mostafa Madbouly on Sunday.
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Business
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Economy
11/27/2023 2:52:44 PM
Egypt’s General Authority for Investments and Free Zone (GAFI) announced launching the first phase of the single-window approval “Golden License” online portal in English and Arabic, according to a cabinet statement on Monday.
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Business
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Economy
11/26/2023 1:55:25 PM
The Egyptian Mineral Resources Authority (EMRA) signed an agreement with Canadian Lotus Gold Corporation for exploration concessions on 525 square kilometres with $2.5 million in investments, according to a ministerial statement on Sunday.
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Business
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Economy
11/19/2023 4:19:21 PM
Saudi investments in Egypt reached $6.3 billion in 7,444 projects in sectors such as industry, construction, tourism, services, and telecommunications, among others, said Minister of Trade and Industry Ahmed Samir.
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Business
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Markets & Companies
11/16/2023 9:55:02 PM
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in the Egyptian state-owned company E-Finance For Digital and Financial Investments by 2 percent to 27 percent, according to the company’s Chairman and Managing Director Ibrahim Sarhan.
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Business
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Economy
11/16/2023 10:42:04 AM
The Egyptian government increased investments in the agriculture and irrigation sector by 71 percent year-on-year (YoY) to EGP 116.6 billion ($3.77 billion) for the fiscal year (FY) 2023/2024, according to a report by the Ministry of Planning and Economic Development on Wednesday.
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Business
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Economy
11/14/2023 4:56:14 PM
Egypt is considering a presence in the Indian stock markets, said Minister of Finance Mohamed Maait during a meeting with India’s Ambassador to Cairo Ajit Gupte on Tuesday.
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Business
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Economy
11/12/2023 7:51:18 PM
Egyptian state entities signed an agreement with German automobile manufacturer Volkswagen to conduct a feasibility study for the East Port Said Automotive Zone (EPAZ) worth $240 million in investments, according to a Cabinet statement on Sunday.
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Business
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Economy
11/9/2023 3:38:22 PM
Egypt has approved the construction of a new private free zone in Ain Sokhna to produce feldspar and silica-free bio-quartz and lapitec panels, which have diverse industrial and decorative uses.
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Business
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Markets & Companies
11/6/2023 3:53:27 PM
Elsewedy Industrial Development (SD), a subsidiary of Egypt's Elsewedy Electric, announced the launch of a huge industrial city in Tanzania, which aims to attract over $400 million in investments and generate over 50,000 jobs to support industrial growth in the African country.
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Business
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Markets & Companies
11/5/2023 6:27:36 PM
French energy technology company Schneider Electric announced it will increase its investments in Egypt by €8 million throughout 2023, according to a statement on Sunday.
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Business
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Economy
11/1/2023 3:59:29 PM
The UAE is poised to inject additional investments in Egypt across various development sectors, said Mohammed Al-Suwaidy, the country’s minister of investment.
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Business
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Markets & Companies
10/29/2023 2:56:07 PM
Egypt’s General Authority for Investment and Free Zones (GAFI) granted four golden licences to facilitate $487 million in investments in four new projects by Samsung Electronics Egypt, Egyptian Natural Gas Company (GASCO), Fayoum for Stores and Warehouses, and EgyptSat2.
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Business
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Economy
10/27/2023 8:12:02 PM
The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the Suez Canal Economic Zone (SZCONE), according to a statement on Thursday.
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Business
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Economy
10/18/2023 2:51:47 PM
Hengtong, China’s giant fibre optic cable manufacturer, will expand its factory in the China-Egypt TEDA zone with $18 million in investments, to produce two million kilometres of optic cables annually, under an agreement signed on Wednesday with the Suez Canal Economic Zone (SCZONE).
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Al-Ahram Weekly
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Egypt
10/17/2023 8:55:38 PM
Parliament has approved two laws aimed at giving financial support to limited-income classes and attracting foreign investments
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Business
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Economy
10/17/2023 5:40:04 PM
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industrial projects with $2.75 billion in investments.
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Business
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Economy
10/15/2023 5:37:14 PM
The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 billion during 2022, said the Ambassador of South Korea to Egypt Kim Yonghyon on Thursday.
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Business
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Energy
10/10/2023 6:52:47 PM
Investments related to climate risks mitigation have to reach 12 percent of total investments in emerging markets and developing economies by 2030, which is a significant increase from the current three percent, the International Monetary Fund (IMF) said on Tuesday.
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Business
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Economy
10/8/2023 3:05:51 PM
Indian investments in Egypt amounted to $3.2 billion distributed in 52 projects in several fields including food industries, chemicals, and tourism, Minister of Trade and Industry Ahmed Samir said on Saturday.
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