Latest in Tag: economic summit Highlight
Latest in Tag: economic summit
AlDahra to invest $300m in Egypt
The UAE agricultural company is aiming at 25,000 operational feddans by 2020
Siemens pledges $1.4m on summit’s final day
Several other agreements worth €4bn signed between Siemens and Egyptian government on second day of summit
Al-Sisi to issue governorate demarcation decree, cabinet approves final draft: Local development minister
An invitation to all banks for national plan fund for governorate developments, youth job opportunities
FEDCOC, EU representative discuss reinforcing cooperation
FEDCOC presents economic and political roadmap, procedural and legislative reforms, investment opportunities
Political implications of Egypt’s Economic Summit
Since President Abdel Fattah Al-Sisi took leadership of the country, Egypt has been developing its foreign policies, mostly driven by the restoration of international relations in order to boost its economy, which has been dire since the revolution that toppled Hosni Mubarak in 2011. As soon as he was inaugurated, Al-Sisi started a tour around …
World Bank offers $400m to Egypt
International institution will work on increasing investments in infrastructure, projects that provide employment opportunities for youth
Housing ministry signs 4 real estate, tourist projects worth $12.7bn
Egyptian Minister of Housing Mostafa Madbouly announced Sunday the signing of memoranda of understanding for four real estate and tourist projects with $12.7bn total, at the Economic Summit. Madbouly said that the ministry signed a memorandum of understanding (MoU) with Egyptian Mountain View and Saudi Sisban Holdings, to launch two real estate projects. The first …
Suez Canal zone to account for third of economy: Investment minister
The signing took place on the third day of the Economic Summit in Sharm El-Sheikh, for a zone which, it is planned, will account for 30%-35% of Egypt’s economy in 10 years’ time.
None of $142.2bn summit investments go to Suez Canal Axis
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments.
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
Egypt seeks strong relations with international communityÂ
Representatives from several countries, including the US, support Egypt’s fight against terrorism
Egypt needs $200-300bn, summit to be held annually: Al-Sisi
Al-Sisi tightens completion deadlines of Siemens and General Electric projects
Summit investments and agreements total $38.2bn: Salman
MoUs total $92bn, minister says
Shoukry meets world leaders at Economic Summit
Egypt’s Foreign Minister receives delegates from US, Malawi, Japan, COMESA and Union for the Mediterranean
$500m to be invested by PepsiCo in Egypt in 2015: GM
The new investment law is there, but we need the government to make it happen, says Ahmed El-Shaikh
Russia, Egypt to cooperate in Dabaa nuclear power plant, Russian tourists return in force: Russian Economy Minister
Ulyukayev said cooperation with Egypt will not be limited to the power plant, but also in delivering technology and staff training.
Dana Gas to pump additional $350m in Egypt until 2018
Gas output to increase by 170mn cubic feet per day by 2017
Khalifa Fund activates development loan agreement to Egypt
A loan agreement between the Khalifa Fund for Enterprise Development, the Egyptian Ministry of International Cooperation and Social Fund for Development has been reintroduced, according to Khalifa Fund Chairman Hussain Jasim Al-Nowais. The agreement worth $200m was initially proposed in November 2014, to invest in Egyptian micro-project developments, following all the legal procedures in both …
Orders from Emir of Kuwait to immediately deposit $2bn at CBE: Kuwaiti Finance Minister
Kuwaiti Minister of Finance Anas Khalid Al-Saleh said that he received orders from the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, to immediately begin depositing $2bn at the Central Bank of Egypt (CBE). On the first day of the Economic Summit in Sharm El-Sheikh, the Emir announced that Kuwait will provide an aid package …
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
Shoukry, Saleh discuss Egypt-Eritrean relations
Relations with African countries saw improvement, several attend Economic Summit
Al-Sisi discusses Palestinian cause at summit sidelines
Israel uninvited, despite president’s opinion praising relations with Netanyahu
Italy, UK, EU express wish to join Al-Sisi’s Libyan counterterrorism efforts
Al-Sisi discusses regional affairs with European representatives at Economic Summit
Housing Ministry signs $4bn South Marina development agreement
Ministry relies on marketing for various investment opportunities in the Summit
Summit’s first day cost EGP 100m, revenues approximately $16m: GAFI Chairman
52 countries participating in Economic Summit in Sharm El-Sheikh, UAE and US largest participating delegations
EFG Hermes quests success of Economic Summit
From project announcements to attendance, EFG Hermes Research offers insight into how to judge the government’s unprecedented bid to thrust Egypt back into the global investment spotlight.
1.5 million Algerian tourists to visit Egypt annually, starting 2015: Algerian PM
The number of Algerian tourists who will visit Egypt will be approximately 1.5 million, starting this year, Algerian Prime Minister Abdelmalek Al-Sallal has told Daily News Egypt. “We asked Prime Minister Mehleb to facilitate procedures of Algerian tourists’ arrival in Egypt during this year,” Al-Sallal said. On the sidelines of the Economic Summit’s second day …
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
UAE, Saudi Arabia, China among largest participants in Economic Summit
755 international companies attended Summit’s first day