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Business
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Economy
3/26/2024 6:57:56 PM
Hossam Heiba, executive director of the General Authority for Investment and Free Zones (GAFI), granted on Tuesday golden licenses to six companies implementing projects worth EGP 5.6 billion (just over $117 million), bringing the total number of projects receiving golden licenses to 29.
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Business
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Economy
1/16/2024 2:57:30 PM
Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank, allowing them to utilize it later for the procurement of production inputs.
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Business
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Economy
1/15/2024 12:31:56 PM
Egypt has received requests worth over $6 billion from international and Gulf investors, expressing their interest in obtaining new licenses to invest in renewable energy projects, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Sunday.
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Business
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Economy
1/9/2024 4:59:44 PM
The Egyptian General Authority for Investment and Free Zones (GAFI) signed a contract with Maxim Investment Group (MIG) to establish the country's first medical and health resort, with $1.5 billion in investment, according to a Cabinet statement on Tuesday.
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Business
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Markets & Companies
1/6/2024 4:49:07 PM
Egypt Ventures, the first government venture capital company, has invested over EGP 383.5 million in 205 startups over seven years since its inception, according to a Cabinet statement on Saturday.
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Business
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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.
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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
11/16/2023 4:06:09 PM
Egypt signed a binding framework agreement with Global Auto to launch a car assembly project in Egypt, read a cabinet statement on Thursday.
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Business
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Economy
11/10/2023 12:12:24 PM
Egyptian government and auto manufacturing entities signed framework agreements with three local companies to cooperate in domestic car assembly, according to a Cabinet statement on Thursday.
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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
10/23/2023 2:51:19 PM
Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) with Qatar National Bank (QNB) to promote investment in the country, according to a Cabinet statement on Monday.
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Business
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Economy
10/2/2023 10:45:46 AM
Egypt is planning to offer silver licenses for startup companies before the end of 2023, said Hossam Heiba, the CEO of the General Authority for Investment and Free Zones (GAFI), on Sunday.
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Business
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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.
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Business
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Economy
9/20/2023 10:31:05 PM
Egypt has increased its economic growth rate target for the fiscal year (FY) 2023/2024 to 4.4 percent from the previously targeted 4.1 percent, said Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), on Wednesday.
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Business
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Economy
9/14/2023 2:54:52 PM
Egypt reduced the documents required for new companies to prove their legitimacy and start operations by 62 percent, according to a statement on Thursday by the Egyptian General Authority for Investment and Free Zones (GAFI).
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Business
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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.
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Business
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Economy
8/23/2023 4:00:57 PM
The Egyptian General Authority of Investment and Free Zones (GAFI) has approved an application by GV Investments to establish an EGP 500 billion ($16.17 billion) industrial city near Atfih in the Western Desert, according to a cabinet statement on Wednesday.
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Al-Ahram Weekly
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Egypt
8/17/2023 4:26:00 PM
The General Authority for Investment and Free Zones has launched a new e-service to ease the establishment of companies.
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Business
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Economy
8/14/2023 5:58:08 PM
Egypt's General Authority for Investment and Free Zones (GAFI) is planning to promote its new online platform for establishing companies in Egypt to the Arab World and globally, GAFI Vice CEO Yasser Abbas said in a statement on Monday.
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Business
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Economy
8/9/2023 6:30:25 PM
Damietta for Green Ammonia Production has become the first-ever company to be established by applying to the new online portal recently launched by Egypt's General Authority for Investment and Free Zones (GAFI).
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