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Business
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Economy
10/19/2023 2:07:36 PM
Egypt and China signed on Thursday a memorandum of understanding (MoU) on the sidelines of the third Belt and Road Forum for a debt swap to fund development projects.
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Business
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Economy
10/17/2023 5:40:04 PM
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industrial projects with $2.75 billion in investments.
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Business
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Economy
10/17/2023 5:17:14 PM
Egypt's Suez Canal Economic Zone (SCZone) has signed energy agreements worth up to $14.75 billion, signalling a new era of green energy in the region, according to a statement by the Egyptian cabinet on Tuesday.
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Business
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Economy
10/12/2023 5:16:55 PM
Minister of Finance Mohamed Maait said that issuing $500 million Chinese Panda bonds aims to support Egypt's green economy transition through expanding projects of green transportation, renewable energy, sustainable management of water, and sanitation.
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Business
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Economy
10/11/2023 3:53:06 PM
Egypt and the UAE shared the second place spot for value of ongoing real estate projects in the Middle East and North Africa (MENA) region in the first half (H1) of 2023, with both countries having $500 billion worth of projects, according to a report by global property intelligence JLL.
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Business
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Economy
10/8/2023 3:05:51 PM
Indian investments in Egypt amounted to $3.2 billion distributed in 52 projects in several fields including food industries, chemicals, and tourism, Minister of Trade and Industry Ahmed Samir said on Saturday.
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Egypt
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Urban & Transport
10/6/2023 2:52:56 PM
The General Assembly of the Holding Company for Roads, Bridges, and Land Transportation Projects has approved the establishment of a company office in Saudi Arabia, according to a report from the Ministry of Transport on Wednesday.
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Business
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Economy
9/30/2023 11:50:25 PM
Egypt's President Abdel-Fattah El-Sisi has invited Egyptian and foreign investors to invest in a list of about 150 projects identified and prioritized by the state.
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Egypt
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Urban & Transport
9/30/2023 3:34:48 PM
Egypt's Prime Minister Mostafa Madbouly said that the state has invested EGP 9.4 trillion in ambitious national projects in recent years, reiterating the government's willingness to press ahead with plans to develop, implement and reform policies.
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Business
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Economy
9/26/2023 6:09:34 PM
The eighth annual meeting of the Asian Infrastructure Investment Bank (AIIB) concluded on Tuesday with a call to expand public-private partnerships and access to blended and concessional financing to finance climate projects in Africa, and Egypt in particular.
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Business
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Economy
9/25/2023 5:21:37 PM
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments in the sector and 85 percent of all ongoing real estate projects in the country, according to a report by Property Finder.
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Business
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Energy
9/25/2023 5:03:52 PM
The International Finance Corporation (IFC) has approved a $25 million loan to Kandil Steel company to support sustainable flat steel processing in Egypt and fund green projects, read an IFC statement on Monday.
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Business
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Energy
9/24/2023 1:21:40 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, has underscored the imperative for banks to take a more substantial role in driving the transition to green economies through investments in climate projects.
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Business
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Economy
9/23/2023 5:57:44 PM
Egypt will host the 8th annual meetings of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh on 25 September, according to the Egyptian Minister of Finance, Mohamed Maait.
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Business
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Energy
9/21/2023 2:38:52 PM
The Egyptian Cabinet approved a proposal by the Emirati renewable energy company AMEA Power to build solar and wind power projects in Egypt with 1,500 megawatts (MWs) capacity, according to a statement on Wednesday.
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Egypt
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Urban & Transport
9/19/2023 7:06:48 PM
Egypt is keen to support South Sudan in various water infrastructure projects to provide access to clean water, said Minister of Irrigation and Water Resources Hani Sewliam on Tuesday.
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Business
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Economy
9/13/2023 2:07:38 PM
The Egyptian Ministry of Trade and Industry issued 7,200 licences for industrial projects in 2022, Trade Minister Ahmed Samir stated on Wednesday.
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World
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International
9/9/2023 5:52:01 PM
Italian Premier Giorgia Meloni met with Chinese Premier Li Qiang on the sidelines of the G20 summit and vowed Saturday to “consolidate and deepen” relations, as Rome considers abandoning Beijing’s “Belt and Road” initiative of Chinese-built and -funded infrastructure projects.
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Al-Ahram Weekly
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Egypt
9/2/2023 9:23:00 AM
Projects combining green investment and waste recycling are gaining ground in Egypt.
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Business
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Economy
8/30/2023 1:50:37 PM
Egypt is looking forward to expanding the cooperation portfolio with the Asian Infrastructure Investment Bank (AIIB) to $40 billion covering 220 projects, said Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies and Institutional Reform, according to a statement on Tuesday.
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