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Business
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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.
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Business
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Economy
4/23/2024 3:01:53 PM
The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based investment bank Goldman Sachs said in a research note.
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Business
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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.
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Business
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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.
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Business
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Markets & Companies
4/17/2024 5:28:49 PM
Beltone Holding, a capital market and financial company, signed a partnership agreement between its subsidiary, Beltone Venture Capital (BVC), and CI Venture Capital, a subsidiary of the UAE-based Citadel International Holdings, an investment management firm headquartered in Abu Dhabi, Beltone announced on Wednesday.
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Al-Ahram Weekly
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Opinion
4/16/2024 5:54:53 PM
While the US and Japan have seen signals of economic recovery, other countries are mired in meagre financing, increasing debt, declining investment, and geopolitical conflicts, writes Mahmoud Mohieldin
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Business
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Economy
4/4/2024 5:29:46 PM
Egypt has agreed with the European Union (EU) to host the joint investment conference on 29-30 June with the attendance of President Abdel-Fattah El-Sisi and the President of the European Commission, Ursula von der Leyen, the cabinet announced on Thursday.
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Business
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Energy
4/4/2024 2:28:18 PM
The European Bank for Reconstruction and Development (EBRD), in collaboration with Meridiam and Hassan Allam Utilities (HAU), the investment and development arm of Hassan Allam Holding, announced on Thursday raising capital in the new platform HAU Energy BV established to invest in renewable energy projects in Egypt and potentially in other African countries.
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Egypt
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Foreign Affairs
4/1/2024 5:26:46 PM
Minister of Foreign Affairs Sameh Shoukry said Egypt looks forward to New Zealand encouraging private sector investments in the Egyptian market, as he met on Monday with his New Zealand counterpart Winston Peters.
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Al-Ahram Weekly
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Economy
3/26/2024 9:00:05 PM
Niveen Wahish examines Egypt’s economic prospects following the recent wave of investment and financing pledges
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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
3/19/2024 5:30:59 PM
Minister of Finance Mohamed Maait said the state is placing a stringent ceiling of EGP 1 trillion on public investments in the upcoming fiscal year 2024/25, while also capping public debt.
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Business
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Economy
3/17/2024 9:16:00 PM
The European Union pledged a €7.4 billion ($8.1 billion) aid and investment package for Egypt, European Commission President Ursula von der Leyen announced on Sunday during the signing ceremony in Cairo of the Joint Declaration on The Strategic Comprehensive Partnership between Egypt and EU.
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Egypt
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Politics
3/4/2024 4:43:15 PM
Egypt is aiming for the “immediate” release of all goods remaining at various ports nationwide a week after signing the $35 billion Ras El-Hekma investment deal with the United Arab Emirates.
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Business
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Markets & Companies
3/3/2024 12:16:26 PM
Magic Land Al-Hokair, owned by Saudi Abdul-Mohsen Al-Hokair Holding Group, launched on Saturday the "Tanza" project in collaboration with the Egyptian Media Production City (EMPC), under a usufruct system with investments totaling EGP 1.1 billion.
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Business
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Tech
3/2/2024 2:47:51 PM
Saad Toma, general manager of IBM for the Middle East and Africa, spoke to Ahram Online about the opportunities and challenges in adopting artificial intelligence (AI), especially when it comes to early investment in the sector.
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Business
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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.
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Business
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Economy
2/29/2024 8:38:58 PM
Prime Minister Mostafa Madbouly said Egypt received the first batch ($5 billion) from the $35 billion Ras El-Hekma investment partnership deal with the UAE.
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Al-Ahram Weekly
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Opinion
2/29/2024 8:06:00 PM
The government deal granting the Abu Dhabi investment and holding company ADQ the right to develop the Ras Al-Hikma region into a prime holiday destination for $24 billion is a welcome relief to the Egyptian economy.
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Business
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Energy
2/28/2024 9:44:14 PM
Egypt signed seven Memoranda of Understanding (MOUs) on Wednesday in green hydrogen and renewable energy with seven global developers with expected investments worth $41 billion over ten years, the Egyptian Government announced.
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