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$1.208bn offered for investment in treasury bills
Return on bills increased by up to compared to last CBE auction last January
In Africa 2016 opening remarks, Al-Sisi calls for intra-African trade integration
Intra-African trade constitutes only 12% of the continent’s total trade volume, with the remaining percentage being conducted with foreign parties
$128bn direct investments in Africa in 2015: COMESA
Africa has become most attractive destination for foreign investment, with expectations for its economy to grow to $4tn in 2020
Ministries of Investment, Industry to allocate land for free to prioritised sectors
Saudi investor Kaki expected to arrive in two weeks to settle dispute over Tanta Flax Company
Political tension, moribund infrastructure, inconsistent legislation hinder investment in East Africa, says Al-Zomor
Kenya, Tanzania, Ethiopia, or Uganda yet to activate COMESA treaty
Al Thamarat Association plans to establish charity investment fund
Mubasher Trade is candidate to manage fund for free, EFSA requires involvement of financial institutions in foundation by at least 2%
Hegazy & Associates helps Egyptian investors establish offshore direct investment funds
First fund has capital of $25m, specialising in investment in SMEs; second has capital of $15m and will invest in real estate
EHDR to launch real estate investment fund with EGP 60m capital
Fund will be establish in three months and will present EGP 3bn in securities
Real estate investment growth dependent on launch of funds
We expect the launch of more than one real estate investment fund through 2016, says assistant minister of housing
Ministries coordinate to facilitate investment procedures
Electronic connection between insurance and establishment of companies through investment to facilitate procedures for businessmen
Real Estate Investment Division awaits comment from Ministry of Housing regarding Developer’s Union Law
New law protects customers in case of struggling companies and establishment of risk security fund
Egyptian-Italian summit to discuss increasing investments in Egypt in February
Italian mission to Cairo to discuss investments in the Suez Canal Area Development project, as well as energy projects
State-owned direct investment firm launched
Capital of the company was not disclosed
TDA to offer 100,000sqm for investment in Luxor
Tourism Ministry launch flight lines from Western European capitals; investors hope hotel occupancies will reach 30% by end of January
City Centre Almaza construction kicks off, Salman hastens completion
The armed forces undertook construction of the roads and bridges surrounding the shopping centre for EGP 35.5m
Egypt redraws investment zones to streamline administrative oversight
GAFI approved creating workshops which aim to achieve a number of missions and assignments
Committee formed to establish 500,000 units of middle-class social housing
The project would be important in restoring balance to the real estate sector, referring to the real estate gap for middle-income housing.
Obama to host high-level refugee summit amid demands for investment program
US President Barack Obama is due to hold a refugee summit in 2016. The announcement follows calls from the United Nations (UN) refugee high commissioner for an investment program for Syria’s neighboring countries.
Investment minister calls on NUCA to prepare lands before offering them for investment
Saudi Arabia investment pledges rely on readiness of Egyptian projects and results of due diligence examination
The Investment Complaints Unit returns $5.9m to TDA
The Investment Complaints Unit at the Administrative Prosecution Authority succeeded in returning $5.9m to the Tourism Development Authority (TDA). According to the unit’s statement, it discovered the existence of financial dues to TDA from a number of investors. The dues represent the remainder of the land’s value, bought by investors from TDA in the areas …
Egypt is a great market for computer investment: DELL Egypt chief
Huge youth population and super-capacity computing projects spell growth, said Hashem Mansy in an interview with Daily News Egypt
EU grants €32m for wastewater expansion project in Egypt
500,000 inhabitants in 79 villages in Kafr El-Sheikh to benefit from the project
Senior Chinese executives unreachable amid probe
Government offers real-estate for investment in 2016
New developments will include administrative capital, East Port Said and New Alamein, says investment minister
EGP 700m expected investment for building materials, electronic products
China Homelife Egypt Exhibition launches on Tuesday
Careem acquires funding worth $60m
Abraaj Group is a lead investor in the new deal for the application-based car service provider
Amer Group’s net profits in 9 months decline to EGP 111m
Splitting up the group, paying back securitisation deal main/temporary reasons behind decline in profits, says Investor Relations Manager
Leasing sector’s portfolio mainly goes to real estate projects: Experts
We’re still at the tip of the ice berg; there are various opportunities in the sector, says Executive Chairman at EFG Hermes Leasing
Egypt ranked in high risk category for corruption in defence, security sectors
Detailed defence budgets on global scale not made public, only aggregated numbers are published, says military source
Qalaa’s ASEC Cement sells stakes in 2 firms to Misr Cement Qena
The transaction, worth approximately EGP 1bn, is expected to take place on 20 November