Latest in Highlight
Latest in
Arqaam Capital to enter Egyptian market through integrated investment bank
Plan to attract $1bn of foreign direct investments and global institutions to Egypt
Tourism investors face obstacles in Egypt
Banks prefer to loan government over investors, says Egyptian Tourism Federation Chairman
Sawari Ventures negotiates with 20 investors for $50m investment fund
By Mohamed Alaa El-Din Sawari Ventures is planning to launch a new investment fund with capital worth $50m, according to the company’s CEO and Co-Founder Ahmed El-Alfy. In a statement to Daily News Egypt, El-Alfy said the company, which specialises in the management and investment of venture capitals in technology industries, is currently negotiating with …
Kuwait finalises investment arm in Egypt
Holding company, announced in 2011 by Kuwait Investment Authority, hired Arab African International Bank as adviser
Egypt could be founding member of China-backed AIIB by mid April
Egypt will benefit as it will aid in developing much needed infrastructure sector, says former assistant to executive director of IMF
Arab Importer and Exporter Union plans $1.5bn Sudan investment
Two MoUs expected shortly between Union and the Sudanese Free Zones & Markets
UAE’s Majid Al-Futtaim boosts their investments in Egypt
MAF to construct four neighbourhood centres with EGP 4bn
Egypt business environment remains to be complex with persistent investment hurdles: World Bank Economist
Egypt business environment remains to be complex with persistent investment hurdles that are structural and complex in nature and the cost of doing business remains higher than most other peers.
Egypt, EIB sign declaration of intent to finance developmental projects: International Cooperation Minister
By Mohamed Ayyad During the Economic Summit in mid-March, Egypt signed a declaration of intent with the European Investment Bank (EIB), to finance developmentprojects, said Minister of International Cooperation Nagla Al-Ahwani in a statement Sunday. The declaration with EIB included many sectors in which the bank is willing to fund in the period between 2015-2017. …
EGOTH targets revenues at EGP 120 in next FY
Egyptian General Company for Tourism and Hotels will pump EGP 900m for development of its hotels and resorts to make up for losses
TE aims to increase infrastructure investments to EGP 3bn during 2015
By Mohamed Alaa El-Din Telecom Egypt (TE) allocated EGP 3bn for investments in the infrastructure sector this year, with an increase of EGP 500m than 2014, said Mohamed El-Nawawy, CEO of TE, to Daily News Egypt. According to Nawawy, revenues from marine cables amounted to EGP 1.2bn, with the support of two giant projects with …
Egypt undermines labour rights to attract investment: Rights campaign
Campaign entitled “Towards a Fair Labour Law” presented draft of Labour Law to the Ministry of Manpower
Focus on major projects is not the way to build an economy: TAG-Org founder
Talks are currently being held with ICT Ministry to host first privately-owned computer cloud in Egypt, says Talal Abu-Ghazaleh
Egypt raises $19.3bn on Summit’s 1st day
Total announced deposits from several GCC countries in the CBE valued at $5.25bn
BP signs an agreement with Egypt to invest $12bn
BP plans to sign an agreement Saturday worth $12bn to invest in the West Nile Delta gas project. The agreement is considered one of the biggest investment agreements in the history of Egypt. The step comes as part of the British delegation’s participation, headed by Foreign Minister Philip Hammond in the Sharm El-Sheikh Economic Summit …
Egypt implements sustainable growth policies through investment law reforms: PM
Investment, tax laws issued in last few days, which increase country’s attractiveness to foreign capital
Investment climate will improve with unified investment law: Raya Data Centre CEO
We are considering competing for Smart Village, smart electricity metres, and new and renewable energy projects during the Economic Summit, says Asaad
27% payment of land price, 3 year grace period, to attract tourism investments: Minister’s Economic Adviser
Ministry counting on revitalising tourism investment by putting forward five major investment opportunities in Economic Summit
Work needed to improve investment Egypt’s opportunities: Legal expert
Government introduced Investment Law amendments to restore investor confidence, particularly regarding contracts with the state
Solar energy best investment in Egypt: HECSOLAR Chairman
The best investment opportunities in Egypt are in solar energy, Wang Weiting, Chairman of High Equal Circle Solar Technology Co. Ltd. (HECSOLAR) told Daily News Egypt Thursday Evening. Sending a message to President Abdel Fattah Al-Sisi and the Egyptian people, Weiting said on the sidelines of the Economic Summit in Sharm El-Shaikh, that he is …
Jumia plans to invest $20m in the Egyptian market in 2015: Executive Director
Our investment amount in the African market during 2015-03-10, says Hesham Safwat
US confirms Kerry’s Economic Summit participation
US Secretary of State will attend Economic Summit and meet with President Abdel Fattah Al-Sisi
27 Saudi chambers of commerce, 170 investors to attend Economic Summit: FEDCOC
Saudi Crown Prince Muqrin bin Abdullah and Saudi finance minister will attend the summit
Abraj Misr to start EGP 4.5bn project in April
The project is expected be completed by 2018
Economic Summit to set Egypt’s vision for investment climate: EJB
Investors relying on legislation reforms governing the investment climate during upcoming period
SODIC targets coastal investment before 1H of 2015
Company eyes both Ain Sokhna and the North Coast
Egypt among most vulnerable countries in international investment arbitration: ECESR
Bilateral Investment Treaties (BITs) signed by Egypt are “imbalanced”, report says
Commercial Registry draft law creates attractive investment environment: Minister of Supply
Investment environment’s attractiveness is particularly relevant ahead of March’s Economic Summit
Leaders, businesses confirm Economic Summit attendance
Prime Minister Ibrahim Mehleb invited businessmen and investors to participate in Egypt’s Economic Summit and urged them to pump more investments into the country during his visit to the Dubai Government Summit in February.
Al-Kharafi Group’s Egypt investments will not be sold: Company official
Al-Kharafi Group to establish 1,800 hotel rooms in Marsa Alam within next two years with investments exceeding EGP 2bn