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King Salman reveals establishment of Saudi-Egyptian investment fund worth SAR 60bn
Saudi King Salman explained that the Saudi share in the investment fund is the equivalent of 50%, amounting to SAR 30bn, while the Egyptian side will provide the remaining 50% of the fund’s capital, to be paid in Egyptian pounds
South Valley Cement Company to decide on cement licenses with $200m investment by April
The meeting will also decide on a plan for expanding the production capacity, according to Board Member Ahmed El-Mikati
Agreements signed during Saudi king’s visit to double investment in Egypt: Abo El-Enin
Saudi Arabia aims to attract foreign investment of SAR 1tn in the coming period, says SAGIA official
Meeting between King Salman, Al-Sisi will result in major investments in both countries: SECON CEO Darwish Hassanin
The company is looking to participate in major projects in Egypt in line with its investment in the real estate and tourism sectors
Will Saudi Arabia invest $100bn in Egypt?
There will be no Arab renaissance without Saudi Arabia, and no such thing as Arabs without Egypt. Without Egypt, which is the wedge that prevents the collapse of Arab countries, many Arab countries would return to a state of tribalism, rivalry and warring clans. Without Saudi Arabia, which the leveraging force of the Arab region, …
53 US companies seek investment opportunities in Egypt: American Chamber of Commerce in Egypt president
Egyptian-US collaboration to complete economic reform in Egypt, plan to increase trade, investment: minister of industry
The key to Africa’s advancing mobile economy
Access to critical banking services is becoming a reality in the continent thanks to the rise of mobile penetration and the partner ecosystem accompanying it
Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says
Egypt does not have time to remove bureaucratic obstacles: Salman
Salman added that his ministry will work easing investment procedures in front of Arab and foreign investors
‘Enormous’ investment demand in Asia
The Asian Development Bank wants to contribute to the reduction of poverty in the Asia-Pacific region. In doing so, its lending conforms to the UN Millennium Development Goals. What has been achieved so far?
New investments in industrial projects decline by 68.5% since November
EGP 4bn to be invested in industrial project, says industry and foreign trade minister
Egyptian-Chinese industrial zone projected to attract $5bn investment
Managing director of Tianjin Teda Company stated that the investment will come from 80 to 100 companies
Banque du Caire conducts study of EGP 1.5bn investment
The bank invested EGP 1.4bn in projects related to electricity, housing, food industries, says El-Zahid
We seek to develop a work vision common between the state and businessmen in order to enhance investment in Africa: CEO of GAFI
Egyptian investments in Africa are still modest, but the Dark Continent can accommodate investments worth trillions of dollars
Reducing taxes in SCZone essential for investment: Analysts
Despite converting the area into an economic zone with a special nature, the 22.5% income tax set by the Ministry of Finance remains a major concern for maritime transportation analysts
Investment climate in Egypt is worst in Arab world: Samih Sawiris
Egypt’s administration is complacent about the tourism crisis, says Sawiris
$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