Latest in Highlight
Latest in
Why one foreign investor left Egypt
By Farah Halime One of the key markers of a thriving economy is whether investors are committed. For Egypt, attracting investors has remained a point of contention in the last three years – are they or are they not putting money in Egypt? Marshall Stocker, an American venture capitalist, was among a band of businessmen drawn …
FDI increases in Q3
Foreign direct investment in Q3 increased nearly fivefold over Q2, according to Central Bank of Egypt figures.
Investment minister aims for 7% growth in two years
Following the revolution, the Egyptian economy registered lower growth rates compared to the pre-revolution average, recording 1.8% in the fiscal year of 2011-2012. The rate rose minimally to 2.2% in 2012-2013.
Foreign direct investment dries up
Investors report that it can take several weeks for legitimate transfers to be executed
Egypt Africa’s second most attractive country for FDI
A report by Ernest & Young states Egypt receives about 10.5% of Africa’s foreign investment
Government pursues foreign aid
Qatar, Turkey and Saudi Arabia prominent nations for giving Egypt financial aid, so far totalling $8.5bn
Morsi raises customs tariffs on luxury goods
40% rate applied on goods including sunglasses, watches, nuts, boats and videogames
Al-Beltagi: Real risk to Egypt’s economy is exodus of investors
Sukuk to be used as source of funding for development projects, he said
Balance of payments deficit drops 93% in 2012-13
The Central Bank of Egypt cited increased remittances from Egyptians working abroad this year as the main reason for the drop in the deficit
Fitch expects delay in IMF deal
The global credit rating agency announced today that it expects a delay to the agreement between Egypt and the IMF to secure a $4.8bn loan due to extended parliamentary elections and an opposition boycott
Finance minister invites British investors to participate in PPP projects
‘World Finance’ awards Egypt ‘Best Water Project, Middle East & Africa’ award
EFG Hermes: Egypt’s economy will grow 3.5% in 2013
The acceptance of Egypt’s pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG
FDI at ‘near-zero’, says minister
Sukuk is expected to finance needed investments, says official
Rebel Economy Wrap
Then & Now: 11 February 2011/2013
Foreign investment in Iraq finally building momentum
Investors say Iraq has become safer for their money.
Egypt unlikely to hit 2012 investment target
By David French / Reuters ABU DHABI: Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following political unrest there, the chairman of a state-run investment agency said on Wednesday. However, Osama Saleh, chairman of Egypt’s General Authority for Investment, said he expected investment flows into …
FDI in Egypt plummets over the summer
CAIRO: Foreign investment in Egypt plummeted over its summer to almost a quarter of its level a year earlier as investors, unnerved by the region’s political turmoil, fled, the central bank said on Tuesday. Foreign direct investment (FDI) fell to $440.1 million in July-September from $1.60 billion a year earlier, helping to create a $2.36 …