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The EIB has approved €16.6bn of new financing for projects across Europe and around the world. This includes over €10bn of coronavirus-related investment to improve public health, strengthen public services, and back investment by companies in sectors hit by the pandemic.
Facilities include extending construction period for additional three months without penalties
Of this figure, 81.8% were male workers, accounting for 12,236 of the total, with 2,714 female workers, or 18.2%. These figures compared to the 14,777 foreign employees reported in these sectors in 2018.
Approval also given to 3 financing agreements with EIB, worth €122.7m, in sanitation, transportation sectors
Next budget of New Urban Communities Authority will also be increased
Insurance premiums increase by 19.3% to reach EGP 35.2bn in same year
In a press statement on Tuesday, Raya Holding added that the investment offers were aimed at accelerating the company’s growth process and increase its business volume. The acquisition bids came as part of efforts for a partial or total share in the company.
several companies want to issue sukuk in 2020, including real estate investment, services, agricultural reclamation
Noon Academy is a learning platform which includes a mobile application and a website for teaching academic curricula. It provides online classes for elementary, preparatory and secondary levels in all subjects.
EGX 30 index closed at 9,912.98 points, recording an increase of 7.68%. EGX70 EWI index posted 14.15% gain concluding the session at 959.42 points, while the S&P index rose by 8.46% and concluded the session at 1,379.63 points.
The EU Bank is already in contact with companies and organisations seeking to fund the search for COVID-19 vaccines and medication
Every EGP 1 injected into The Sovereign Fund of Egypt brings 10-fold from investors
Company starts constructing 6 giant mobile tankers with different capacities
HSSAG proposes implementation of waste-to-energy project
Elsewedy Electric, Business France sign MoU to enhance bilateral cooperation
Swiss delegation visits STA, Hero’s factory
Company aims to achieve EGP 1bn in sales of Baymount Sokhna project during the current year, says Maven co-founder
Moreover, the cabinet approved the establishment of a special unit to look into citizenship by investment applications.
Meit Ghamr zone’s investors praise services, utilities supervised by MIIC
First phase of King Salman University to open in Q1 of 2020
Fitch expects EGP to maintain a slow appreciatory trajectory against US dollar in 2019, deteriorating global financial conditions could negatively impact Egypt’s access to foreign capital
Key investors such as AstraZeneca, BP Egypt, GSK, HSBC, Vodafone Egypt, Shell, and Unilever participated in the forum, to discuss their future investment plans and identify ways to improve the business environment in Egypt.
Authority receive requests to implement 10GW projects in feed-in tariff programme, says El-Khayyat
Media Avenue honoured leading companies, most influential figures in the renewable energy sector
This conference aims to showcase the Egyptian economy’s latest developments, in light of the country’s economic reform programme, to inform investors in the UAE and international peers about investment opportunities in many sectors and companies listed in Egypt.
EGP ending CY 2019 at 17.26 per USD, CY 2020 at EGP 17.82 per USD, says FocusEconomics
Collective growth of assets classes, excluding capital protection and guarantee, while money market, Islamic funds top the list
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
Company produces 40,000 barrels of crude oil per day, says company’s CEO