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Business - Markets & Companies
6/28/2022 9:04:00 PM
AMAN Group, one of the leading FinTech companies in the Egyptian market focusing on non-banking services, raised its capital by EGP 240 million in 2022 to reach EGP 615 million in order to meet its expansion plans in the Egyptian market through current and new extended services, CEO of AMAN Financial Services Hazem Moghazy told Ahram Online.

Egypt - Foreign Affairs
6/27/2022 7:31:07 PM
President Abdel-Fattah El-Sisi held talks in Muscat on Monday with Sultan Haitham bin Tarik of Oman in which they discussed bilateral and economic relations, with bin Tarik expressing his country’s keenness to boost Omani investments in Egypt.

Egypt - Foreign Affairs
6/26/2022 8:03:07 PM
Egyptian President Abdel-Fattah El-Sisi and UAE’s Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al-Nahyan discussed means of boosting Emirati investments in Egypt in various fields, especially energy, transportation, ports and tourism.

Egypt - Foreign Affairs
6/25/2022 4:49:56 PM
Qatar is keen to continue boosting cooperation with Egypt in various fields in the near future by maximising investments in Egypt, Qatari Emir Tamim bin Hamad Al-Thani told Egyptian President Abdel-Fattah El-Sisi on Saturday.

Business - Markets & Companies
6/23/2022 5:16:22 PM
The UAE-based Majid Al Futtaim inaugurated on Thursday its Global Solutions Centre, headquartered in Egypt, with investments worth EGP 1 billion. The centre employs 550 individuals.

Egypt - Foreign Affairs
6/21/2022 9:41:26 PM
'Despite the continent’s enormous renewable energy potential, just two percent of renewable energy investments have gone to Africa over the last decade," UN Secretary General António Guterres underlined in his speech at the Aswan Forum for Sustainable Peace and Development, adding that Countries must arrive in Egypt for COP27 determined with clear plans to close this financing gap.

Business - Economy
6/21/2022 4:10:39 PM
Egypt and Saudi Arabia signed 14 investment agreements worth $7.7 billion on Tuesday, the General Authority for Investment and Free Zones (GAFI) said in a statement.

World - Africa
6/20/2022 6:15:54 PM
The number of Africans with access to electricity fell during the Covid pandemic, but $25 billion in annual investments could bring full coverage by 2030, the International Energy Agency said Monday.

Business - Economy
6/20/2022 11:46:02 AM
Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled operations.

Al-Ahram Weekly - Economy
6/18/2022 11:15:00 AM
Several steps have been taken on the road to tax reform, but more are needed in order to draw in more investments and maximise revenues.

Business - Economy
6/17/2022 6:19:39 PM
Egypt’s Minister of Trade and Industry Nevine Gamea continued on Friday her meetings with Russian officials, including advisor to the Russian president Anton Kobyakov, during the St. Petersburg International Forum (SPIF), the Ministry of Trade and Industry announced.

Business - Economy
6/15/2022 10:29:04 PM
Aman for Microfinance, a subsidiary of Aman Group owned by Raya Holdings and the National Bank of Egypt, launched a new investment fund on Wednesday titled Aman Youm-B-Youm (Day by Day) with a total investment value of EGP 100 million, EGP 25 million of which are for the subscription phase.

War in Ukraine - 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.

Egypt - 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.

COP27 - 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.

Business - 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.

Business - 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.

Al-Ahram Weekly - 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.

Business - 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.

Business - 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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