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"Foreign Direct Investment"

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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
3/1/2024 5:49:00 PM
Egypt received an additional $5 billion as the final part of the first tranche of the $35 billion Ras El-Hekma deal with the United Arab Emirates on Friday, the Egyptian Cabinet stated.

Business - Markets & Companies
2/7/2024 11:34:11 AM
Hong Kong government's foreign direct investment agency InvestHK has chosen Egypt to be the headquarters of its new representative office for North Africa and some Arab countries, according to Alpha Lau, the agency’s general director.

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
7/6/2023 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
5/17/2023 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.

Business - Economy
1/1/2023 9:50:09 PM
The Sovereign Fund of Egypt (TSFE) has, since 2018, attracted 43 percent of total foreign direct investment (FDI), or EGP 37 billion, according to a statement by Egyptian Presidential Spokesman Bassam Rady on Sunday.

Al-Ahram Weekly - Economy
12/12/2022 6:14:00 PM
The Senate is discussing ways to boost foreign direct investment.

Egypt - Politics
11/16/2022 2:12:18 PM
"The Senate will discuss a study on 'Foreign Direct Investments in Egypt: obstacles and incentives,'" said Senate Speaker Abdel-Wahab Abdel-Razek on Tuesday, adding that the study, prepared by the parliamentary majority party Mostaqbal Watan, will be discussed first by the Senate's Financial and Economic Affairs Committee, which in turn will prepare a report to be debated by the Senate in its meeting scheduled for 27 November.

Business - Economy
10/10/2022 7:47:46 PM
Net foreign direct investment (FDI) inflows rose by 71.4% to hit about dlrs 8.9 billion during last fiscal year (FY) 2021-2022, if compared to the same period last fiscal year (FY) 2021-2022.

Business - Economy
8/1/2022 3:07:54 PM
Egypt ranked third among Arab countries in terms of foreign direct investment (FDI) inflows in 2021 with $5.4 billion. The sum represents 16.4 percent of total FDI inflows to the region.

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.

Business - Economy
1/23/2022 5:18:19 PM
Global foreign direct investment (FDI) flows jumped by 77 percent in 2021 to an estimated $1.6 trillion, up from the $929 billion recorded in 2020, exceeding their pre-COVID-19 level, according to the United Nation Conference on Trade and Development’s (UNCTAD) Investment Trends Monitor report.

Al-Ahram Weekly - Economy
12/29/2021 1:43:00 PM
Egypt’s economy has done well during another year of Covid-19, but with rising global inflation and the new Omicron variant of the virus, the challenges are not yet over.

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