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Investors praise current economic reforms taken by Egyptian government

Chairperson of Rotana Hotel Management Corporation Nasser Al-Nowais said that there is great interest from the Egyptian government in the Saudi private sector. Al-Nowais added, during the 3rd Egypt Investment Forum, that the Egyptian government has encouraged investments through some reforms, such as liberalising the exchange rate, lifting subsidies, and seriously solving the problems of …

Shaimaa Al-Aees

Startups in the Middle East: a fun(ding) adventure

The Middle East is a region of great opportunity. We have a large and young population with more than its fair share of problems, and as every entrepreneur knows, every problem is an opportunity; the bigger the problem, the bigger the opportunity. As a region, we are also one of the largest exporters of capital …

Mudassir Sheikha

Egypt is full of investment opportunities: Informa Chief Executive

The Ministry of Housing is preparing to offer lands for services at the New Administrative Capital by the end of the coming year, according to Assistant Minister of Housing Khaled Abbas. Abbas said that the government will provide more facilities and privileges for the investors in the coming period. He added that 13 investors have …

Shaimaa Al-Aees

Providing lands for investors in June/July: head of NECD

During a meeting held by the Egyptian Center for Economic Studies, the head of the New Egyptian Countryside Development (NECD), Atter Hannoura, said that the company will provide lands to investors in June or July. He added that the company didn’t achieve a measurable success in providing lands for companies; instead, NECD focused on individual …

Hisham Salah

Hariri family sells its share in Arab Bank to group of investors

Oger Middle East Holding Company, owned by the Hariri family, sold its share in the Arab Bank on Wednesday. The company’s share, which amounted to about 20% of the bank’s shares, was sold to a group of Jordanian and Arab investors, including Sabih El-Masry, the current chairperson of the board of directors of the bank, …

Hossam Mounir