Latest in Tag: Infrastructure Highlight
Latest in Tag: Infrastructure
AfDB loans worth $140m finalised for Sharm El-Sheikh airport extension
A grant amounting to $1.7m also provided for the development of the airport’s second phase
Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013
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 …
Summit to put Egypt back on investor map: IFC Country Manager
Our focus going forward in Egypt will be infrastructure especially energy, says IFC Country Manager
Transport ministry offers 6 projects in Egypt Economic Summit at $2.5bn
Ministry of Transportation targets $2.5bn of investments through six opportunities to be presented at Economic Summit
Vodafone monitors EGP 9.5bn investments in Egypt over 3 years
We increased infrastructure investments by 40%, says Al-Hegazy
NUCA issues 7 tenders for developmental projects
Development projects will take place in Sadat, New Qena, and New Tayba
MIGA offer $1bn new guarantees for cross-border investments in MENA region
We are ready to attract investors in power, infrastructure, transport, and agribusiness sectors, says CEO
Euromoney Conference: Dorra considers investing in Suez Canal Axis project
Dorra plans to open the first phase of Capital Business Park—administrative, commercial and medical project—in Sheikh Zayed City during the first quarter of 2015.
Businessmen want Wealth Tax to be paid in kind; government wants cash payment
Investors fear the government will direct proceeds of Wealth Tax to balance the budget deficit without focusing on development projects
Egypt places 91st in Global Information Technology report, declining 11 spots
Country is still lagging behind in development of ICT infrastructure, report notes
Minister of Communication announces EGP 5bn sector development plan
Atef Helmy says that the implementation of the plan will take seven years
Ministry of tourism to improve infrastructure for tourism
The Ministry is developing different initiatives aiming to return tourism to pre-2011 levels
Industrial land to be leased on usufruct basis: Ministry of Industry
The lack of a specific land allocation policy hindered the industrial growth and development in Egypt, says Mounir Fakhry Abdel Nour
Cabinet approves EGP 391m for infrastructure development
Money will support nine projects, including road development and sanitation improvement, in Cairo, Alexandria, Assiut, Gharbeya, Sohag, and Qaliubiya
Banks should contribute to all economic sectors equally: Bankers
“What matters for banks is the ability to meet deadlines for loan repayments,” says former Chairman of Misr Iran Development Bank
IDB allocates $220m for Egyptian power project
Allocation comes as part of nearly $705m approved by the bank to finance projects in Muslim communities
Nuclear Authority and Army Corps of Engineers sign cooperation protocol
Dabaa site repurposing for nuclear plant project will cost EGP 13m and will be implemented over four months, says MOEE
Orascom Construction awarded $300m contracts in Egypt and KSA
OC expected to collaborate on new projects with Emaar Misr and Palm Hills Development
Three dead in Giza building collapse
Local residents were evacuated on Saturday while authorities inspected the damage to nearby buildings.
EGP 1.5bn for infrastructure developments in industrial zones
Industrial zones to have road infrastructure, water and electricity to attract foreign investments
Egypt ranked 108th in terms of innovation
Report cites poor health of manufacturing sector
Ministry of Sport: Five new PPP ‘sport city’ projects announced
“We want to forge partnerships with the private sector,” says Minister of Sport Mostafa Azzam
PPP Law Panel: ‘The state needs the investor and not the other way round’
Current PPP law was introduced to bypass problems associated with Build Operate Transfer projects
Finance minister invites British investors to participate in PPP projects
‘World Finance’ awards Egypt ‘Best Water Project, Middle East & Africa’ award
Floods strike Sinai
15 houses are submerged by flood waters
Closing price mechanism to be launched Thursday
The Egyptian Stock Exchange (EGX) will implement a new closing price mechanism on Thursday. Egypt’s financial watchdog, the Egyptian Financial Supervisory Authority (EFSA), approved the new regulations for changing stocks’ closing prices, as suggested by EGX board of directors, on 28 August in an effort to impose more discipline over trading operations. The new regulations …
France lends Egypt €940 million to complete third metro line
By: Hend El-Behary The French Development Agency (FDA) along with the European Investment Bank have granted Egypt a soft loan of €940 million for the construction and development of phase three of the third Cairo underground line, stated the Ministry of Planning and International Cooperation (MPIC). Minister Ashraf Al-Araby of the MPIC, in the presence …
US supports Egypt’s technology infrastructure
The US business delegation, currently in Cairo for a four day visit, completed two US grant agreements to boost Egypt’s information and communication technologies infrastructure, Carl Kress, US Trade and Development Administration (USTDA) Regional Director for the Middle East and North Africa, announced yesterday. Developing information and communication technology infrastructure will help boost Egypt’s economic …
Desmond Tutu calls on ICC to try Bush and Blair
Tutu believes legality of the US-led invasion of Iraq and civilian casualties justify investigation