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Egypt - Tourism
11/7/2021 2:28:09 PM
UK Ambassador in Cairo Gareth Bailey expects the number of British tourists visiting Egypt this winter to reach or surpass 500,000. In an interview aired on ON E channel on Saturday, Bailey said between 3,000 to 5,000 British tourists visit Egypt monthly, taking more than 45 flights per week.

Business - Economy
11/7/2021 1:17:35 PM
Egypt has allocated EGP 92.4 billion in public investments for the development of Upper Egypt in the current FY2021/2022, out of 1.25 trillion for the country’s total investments, Minister of Planning and Economic Development Hala El-Said said.

Business - Economy
11/2/2021 6:34:52 PM
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development have allocated a loan worth $200 million for the National Bank of Egypt (NBE) with the aim of supporting Egypt’s efforts to enhance the growth of investments across various infrastructure sectors, the bank announced.

Business - Economy
10/31/2021 4:44:54 PM
Qatar’s ambassador in Cairo said that his country considers Egypt a fertile ground for investment in light of the unprecedented progress and the positive improvements the country is going through in all fields; particularly in the investment climate.

Business - Economy
10/28/2021 11:57:26 AM
Alfredo Abad, the regional representative of the European Investment Bank (EIB) in Egypt, asserted that Egypt’s decision to not renew the state of emergency will positively affect the country’s economy and lure more investments.

Business - Economy
10/26/2021 5:02:30 PM
​Total investments by the European Investment Bank (EIB) in Egypt in 2021 are expected to reach 1 billion euros, according to the head of the EIB's Regional Representation to the Near East Alfredo Abad.

Business - Economy
10/25/2021 2:03:37 PM
Egypt is planning to increase the amount of green projects that will be implemented within the state’s national investment plan to around 50 to 60 percent of all investments by FY2024/2025, up from the 15 percent executed in FY2020/2021 — which ended in June — said Minister of Planning and Economic Development Hala El-Said.

Egypt - Foreign Affairs
10/24/2021 8:27:59 PM
European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi said investments under the European Union's new agenda for the Mediterranean will back Egypt's efforts to face climate change, protect the environment, and ensure sustainable food systems.

Business - Markets & Companies
10/18/2021 4:49:34 PM
Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session driven by optimism over the public offering subscription of e-finance for financial and digital investments.

Egypt - Politics
10/17/2021 5:57:17 PM
Egyptian parliament's House of Representatives provisionally approved on Sunday new amendments to Law (67/2010) regulating the participation of the private sector in infrastructure, service and public utility projects.

Business - Markets & Companies
10/14/2021 1:39:05 PM
Egypt's state-owned company e-finance For Digital and Financial Investments announced a final price of EGP 13.98 for each share that will go public on Monday under the government’s initial public offering (IPO).

Business - Markets & Companies
10/11/2021 10:01:13 PM
e-finance for Digital and Financial Investments, Egypt’s first fintech platform and one of its leading developers for digital payment infrastructures, announced on Monday that it has increased the shares that it intends to list on the Egyptian Stock Exchange (EGX) under Egypt’s initial public offering (IPO) programme.

Al-Ahram Weekly - Economy
10/6/2021 12:54:21 PM
The pending introduction of a 10 per cent capital gains tax on stock transactions has stirred mixed reactions, reports Safeya Mounir

Business - Energy
10/4/2021 2:46:40 PM
Achieving net-zero carbon emissions globally by 2050 requires additional global investments in the range of 0.6 to 1 percent of the annual global GDP over the next two decades, amounting to a cumulative $12 to $20 trillion, according to the International Monetary Fund (IMF).

Business - Tech
10/3/2021 5:39:00 PM
Egyptian start-ups have attracted investments valued at $400 million during 2021, reflecting investors' increasing confidence in Egyptian entrepreneurs and their technological innovations, said Amr Mahfouz, CEO of the Information Technology Industry Development Agency (ITIDA).

Business - Markets & Companies
9/30/2021 6:48:14 PM
e-finance for Digital and Financial Investments, Egypt’s first fintech platform and one of its leading developers for digital payment infrastructures, announced on Thursday that it will be listed on the Egyptian Exchange (EGX) under Egypt’s initial public offering (IPO) programme on 18 October.

Business - Economy
8/26/2021 3:25:00 PM
Maait emphasised the willingness of Egypt’s leadership to create an enabling environment for domestic and foreign investments and to facilitate the work of the business community

Business - Economy
8/26/2021 1:56:59 PM
On the sector’s throughput, El-Said stated that it is planned to rise by 9 percent in FY2021/22 to record EGP 113 billion, up from the EGP 103.5 billion recorded in FY2020/21

Business - Energy
8/23/2021 6:55:26 PM
The report indicated an increase in production in the extraction sector (crude oil, gas, and other extractions) and the petroleum refining industry by 10 percent at current prices to about EGP 1.31 trillion in FY2021/22

Business - Economy
8/19/2021 7:07:06 PM
The meeting tackled the means to boost private sector investments and sustainable infrastructure

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