Latest in Highlight
Latest in
EIB grants €1.9bn to support Egypt’s public transport, business investment
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.
Housing Ministry allows construction schedule adjustments for new city investment lands
Facilities include extending construction period for additional three months without penalties
1.2% increase in foreign employees in private, investment sectors during 2019
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.
Parliament approves $1.74m WB grant for project investment environment improvements
Approval also given to 3 financing agreements with EIB, worth €122.7m, in sanitation, transportation sectors
Egypt’s government investment expenditures up EGP 80bn in FY 2020/21
Next budget of New Urban Communities Authority will also be increased
Egypt ranks regional first as EGP 162bn worth of securities issued in 2019
Insurance premiums increase by 19.3% to reach EGP 35.2bn in same year
Raya Holding receives investment, acquisition offers for Bareeq Tech
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.
FRA finalises Sukuk regulations’ amendments, paving the way for promising investment
several companies want to issue sukuk in 2020, including real estate investment, services, agricultural reclamation
Noon Academy receives $8.5m investment
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.
CBE starts EGX investment, raises hope of rebound
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.
Prescription for Investment
The EU Bank is already in contact with companies and organisations seeking to fund the search for COVID-19 vaccines and medication
Egyptian expats have an appetite for investment in tourism, pharmaceutical, education sectors: Ayman Soliman
Every EGP 1 injected into The Sovereign Fund of Egypt brings 10-fold from investors
Gaston debuts truck-to-tank gas transfer in Egypt with EGP 150m investment
Company starts constructing 6 giant mobile tankers with different capacities
El Said, Hussein Alamoudi discuss investment opportunities in Egypt
HSSAG proposes implementation of waste-to-energy project
Egyptian business delegation visits France to promote investment opportunities
Elsewedy Electric, Business France sign MoU to enhance bilateral cooperation
Egypt, Switzerland sign 3 MoUs in investment, higher education, public enterprises
Swiss delegation visits STA, Hero’s factory
Maven Developments launches first Egypt project in Ain Sokhna with EGP 4bn investment
Company aims to achieve EGP 1bn in sales of Baymount Sokhna project during the current year, says Maven co-founder
Egypt sets five requirements for citizenship by investment
Moreover, the cabinet approved the establishment of a special unit to look into citizenship by investment applications.
GAFI to offer 403 investment opportunities in Qaliubiya, Giza soon
Meit Ghamr zone’s investors praise services, utilities supervised by MIIC
South Sinai to hold international conference to promote investment opportunities in 2020
First phase of King Salman University to open in Q1 of 2020
Fitch Solutions is confident about Egypt’s investment outlook in the next five years
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
Leading British companies explore investment opportunities in Egypt
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.
NREA holds first roundtable on renewable energy investment in Egypt
Authority receive requests to implement 10GW projects in feed-in tariff programme, says El-Khayyat
Egypt’s 1st Renewable Energy Roundtable tackles sector’s investment opportunities, challenges
Media Avenue honoured leading companies, most influential figures in the renewable energy sector
Beltone Access conference to spotlight Egypt’s investment opportunities in Dubai
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.
Egypt’s investment to grow 11.5% in FY 2020: FocusEconomics
EGP ending CY 2019 at 17.26 per USD, CY 2020 at EGP 17.82 per USD, says FocusEconomics
Investment funds attract EGP 6.3bn in assets end-June
Collective growth of assets classes, excluding capital protection and guarantee, while money market, Islamic funds top the list
Egypt’s business community awaits more interest rates’ cuts to boost investment
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
47.2% increase in investment loans granted to agricultural sector in 2017/18: CAPMAS
Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
Wintershall Dea aims to increase its investments in Egypt: Mario Mehren
Company produces 40,000 barrels of crude oil per day, says company’s CEO