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"FDI"

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Business - Economy
5/6/2024 4:43:22 PM
Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

Business - Economy
4/30/2024 5:23:29 PM
The recent unification of the foreign exchange rate in Egypt will contribute to attracting more foreign direct investments into the country, Ramy Amin, co-founder and managing director of the UAE-based Freezoner, told Ahram Online.

Business - Economy
4/24/2024 3:43:03 PM
Egypt’s Minister of Trade and Industry Ahmed Samir met on Wednesday with an investment delegation from the Austrian Holding Petrochemicals Company and the Czech Darslovska Company to discuss their plan to establish a sodium cyanide production plant in Egypt.

Business - Economy
4/21/2024 4:51:24 PM
Freezoner, a UAE-based investor services provider for company establishment, has joined forces with International Free Zone Authority, based in Dubai, to organize the Investing in the Golden Triangle Conference in Egypt.

Business - Economy
4/21/2024 2:07:07 PM
No offers for the development and exploitation of the coastal Ras Gamila zone will be considered until an international advisory firm is selected to design an optimal investment plan for the area, Spokesperson from the Ministry of Public Enterprise Mansour Abdelghany told Ahram Online.

Al-Ahram Weekly - Egypt
3/3/2024 11:46:00 PM
The timing of the purchase of the development rights to Ras Al-Hekma on Egypt’s North Coast by the Abu Dhabi Sovereign Wealth Fund could not have been better for the economy.

Business - Economy
1/8/2024 2:13:11 PM
Egypt plans to increase its annual foreign currency revenue from exports, tourism, remittances, foreign direct investments (FDIs), the Suez Canal, and outsourcing services to $300 billion in 2030 from around $100 billion, according to a government document released this month.

Business - Economy
1/2/2024 4:06:53 PM
Egypt has set a target of attracting $12 billion in foreign direct investments (FDIs) during the fiscal year (FY) 2023/2024, which ends in June, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Tuesday.

Business - Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).

Business - Economy
9/30/2023 8:16:30 PM
Egypt recorded a 10 percent increase year-on-year in foreign direct investment (FDI) inflows by the end of FY2022/23, Hossam Heiba, CEO of Egypt's General Authority for Investment and Free Zones (GAFI), said on Saturday.

Business - Economy
9/2/2023 8:44:16 PM
Hossam Heiba, CEO of Egypt's General Authority for Investment and Free Zones (GAFI), announced that Egypt secured the top spot in Africa in terms of the value of incoming foreign direct investments (FDI) in 2022.

Al-Ahram Weekly - Opinion
8/30/2023 11:19:00 PM
BRICS’ invitation to Egypt to join the increasingly influential economic bloc last week is definitely a positive step that should be warmly welcomed.

Business - Economy
7/25/2023 9:03:25 PM
Revenue from the Suez Canal and tourism in Egypt rose by 22.3 percent and 25.7 percent, respectively, during the first nine months of the fiscal year (FY) 2022/2023, while remittances from Egyptian expats dropped over 26 percent, according to a report published by the Central Bank of Egypt (CBE) on Tuesday.

Business - Economy
7/6/2023 1:10:23 PM
Egypt ranked first in North Africa for foreign direct investment (FDI) inflows in 2022, receiving a total of $11.4 billion, the highest amount since 2017, according to the United Nations Conference on Trade and Development (UNCTAD).

Business - Economy
5/31/2023 2:03:35 PM
Egypt's Minister of Planning and Economic Development, Hala El-Said, announced Tuesday in the Senate that the government aims to collect $83 billion in foreign currencies during FY 2023/24 through four streams, according to an official statement.

Al-Ahram Weekly - Egypt
5/25/2023 7:56:00 PM
Growing economic ties between Egypt and the US are the focus of the newly established US-Egypt Joint Economic Commission, Vice President of Middle East Affairs at the US Chamber of Commerce Steve Lutes says.

Business - Economy
5/24/2023 3:36:41 PM
Egypt ranked 14th among the world's top attractive and trusted emerging markets for foreign investments, ahead of Turkey, Morocco, South Africa, and Russia, according to a report by American global management consulting firm Kearney.

Business - Economy
5/18/2023 1:26:56 PM
Egypt's business community has welcomed the government's new decisions bolstering support for investors in Egypt, while some members have called for more legislative reforms followed by relevant bylaws to see these decisions implemented on the ground.

Business - Economy
5/17/2023 2:01:26 PM
The newly restructured Supreme Council for Investment approved on Tuesday 22 decisions to encourage foreign direct investments (FDIs) and private investments in Egypt.

Business - Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.

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