Latest in Highlight
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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
Egypt, EU agree on €110m projects for 2020 in energy, water, trade, investment and local development sectors
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.
Danish investment funds actively eying new opportunities in Egypt
Companies injected $1bn in new investments in 3 years, says Danish ambassador
Egypt’s GDP growth shifting from historical consumption drivers to investment, net exports: WB
Education, health sectors have yet to benefit from reforms’ freed-up resources, says report
Egypt launches cross sector investment map with 3,000 opportunities
The second edition of the country’s cross sector investment map includes new 2,000 investment opportunities in addition to the 10,000 opportunities that were already in the first edition, a statement of the MIIC said.
Prime Holding offers to acquire 100% of Pharos Securities, investment banking, bookkeeping arms
The proposed acquisition aims to increase the market share of Prime Holding in the Egyptian market to compensate for the low transaction values in the Egyptian market, Prime Holding Vice Chairperson, Mohamed Maher, told Daily News Egypt
Germany provides €400m to support technical education in Egypt
Regarding the visits of German business delegations to Egypt, the ambassador commented that many small, medium, and big business delegations are interested in investing in Egypt.
Egypt’s governmental delegation visits Germany to discuss attracting investments
Delegation includes approximately 40 Egyptian companies in various fields
55 Russian companies express their desire to invest in SCZone
Trade exchange between Egypt, Russia hits $7.66bn in 2018
Real estate council submits proposal to meet challenges of real estate investment
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.
Suez Canal Bank aims to focus on investment banking services, non-bank financial services
Bank achieved 12% increase in net profit in Q1 of 2019, rise in financial position to EGP 49.3bn: Refaey
Daily News Egypt reveals Youth, Sports Ministry’s 2019 investment plan
Ministry allocated EGP 425m for 16 projects, EGP 2bn to develop stadiums in New Capital to be completed in June
More measures to be done to make Egypt attractive private investment destination: IMF
FDIs likely to record $9.5bn in FY 2018/19
Palm Hills targets 25% investment increase in 2019
Company plans to begin implementation of Badya in 2Q19
New investments of EGP 6.3bn injected in Egypt during February: MIIC
Last month witnessed opening 2,059 firms, expansion of 113 others
Egypt is keen to remove any obstacles hindering investors: Moeit
Egyptian-Korean cooperation in railways, water treatment fields
Japanese automotive companies, Egypt discuss new investment incentives
Nissan, Toyota assembling cars, manufacturing parts, says Japanese ambassador
Lazard to promote Egypt’s investment opportunities
Prime Minister, Minister of Investment sign agreement with global asset management company to attract large investments
Foreign partners’ investment in 2019/20 scores $10bn
Dues owned to foreign companies will be fully paid this year, says petroleum minister
2018 record year for MENA startup investment, UAE, Egypt top destination with 30%, 22%: MAGNiTT
The Middle East and North Africa (MENA) startup ecosystem witnessed a record year in terms of investment growth in MENA-based startups in 2018, recording 31% increase in funding from 2017, according to a recent report issued by MAGNiTT. According to the report, a record number of deals, with $893m was invested across 366 deals in …
Government appoints McKinsey & Company to promote investment in Egypt
Company will start work next month, government considering hiring another international company for research purposes: sources
GAFI’s board discusses establishment of 19 new investment free zones
Automation of work procedures in free zones to be generalised, says Nasr