Latest in Tag: Investment Minister Highlight
Latest in Tag: Investment Minister

Investment Minister discusses with Emirati businessperson increasing investments in mining field in Egypt
Saeed Al Thani praised the investment climate in Egypt

Egypt seeks to attract Singaporean investments, Investment Minister
The geographic location of the Suez Canal economic zone is a strong attraction element for Singaporean investors: Suez Canal Authority chairperson

Forbes organises in October Egypt 100 Conference sponsored by Investment Minister
It is the right time to be in Egypt in light of the positive developments of the investment climate, according to Al Omian

Investment Ministry, AmCham cooperate to promote Egyptian economy to American financial community
We are working on finalising the comprehensive investment map for Egypt, says Nasr

State Council sends investment draft law back to cabinet with notes
The investment window does not have the authority to approve investors’ requests, complete any deals, or issue licences

Government reaches settlement with ArcelorMittal to avoid paying $600m in compensation
The Egyptian government, represented in the chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek, has a settlement contract in London signed with the largest steel producer in the world, ArcelorMittal, in the presence of Investment Minister Dalia Khorshid and company chairperson Lakshmi Mittal. “The friendly settlement stipulates that the arbitration lawsuit [has been …

Investment Minister inaugurates Singaporean logistics centre worth $10m
Minister of Investment Dalia Khorshid inaugurated a logistics centre affiliated to Singapore’s Pacific International Lines (PIL) on Sunday, with investments worth $10m, according to the ministry. The ministry said in a statement that the centre, which was built on an area of 20,000 sqm in 10th of Ramadan City, is the first Singaporean investment in …

EFSA introduces new draft bills for insurance supervision regulation and control
The insurance industry plays a vital role in providing financial protection to both individuals and investment projects, says Investment Minister

Government formed committee to improve Egypt’s ranking in Doing Business Report: Salman
Four ministers met Saturday to discuss the business environment in Egypt, according to Minister of Investment

GAFI increases bank outlets at branches nationwide to speed up proceedings: Investment Minister
Steps taken to improve quality and efficiency of services by activating electronic link mechanism with stakeholders, says Salman

Egypt, World Bank sign MoU to improve investment environment
The MoU is part of Egypt’s efforts to benefit from the World Bank’s expertise in developing the investment environment.

Executive rule of law postponing EGX tax to be presented to Al-Sisi within days: Investment Minister
Decision to postpone EGX tax is necessary to deepen Egyptian market, which is still recovering, says Salman

Motivational industrial strategy to advance public business sector: Investment Minister
EGP 5.6bn exports targeted by the Metallurgical Industries Company in FY 2015/2016, says CEO

EGX to play vital role boosting public revenues: Investment minister
The Egyptian Stock Exchange needs legislative and regulatory flexibility to attract more foreign investments for national mega projects, say experts

UAE to invest $2bn in Egypt in next FY in housing projects: Investment Minister
UAE Minister of State to coordinate between Kuwaiti, Saudi and Egyptian governments to determine spending of investments announced at Economic Summit

Egypt invites 100 Italian companies to Economic Summit: Abdel Nour
Government implemented financial, monetary reforms to restore global market confidence and reassure them about investing in Egypt, says Salman
Kuwait fund studies 2 electricity sector projects applications in Egypt: Cabinet
Kuwait visit to agree on investment cooperation and consultation speeding up dispute settlement disputes regarding Kuwaiti investors, said Al-Qaweesh

60 local, international entities to review new investment law: Minister
Current draft not final, may be subject to revision based on ongoing consultations with business community, Ashraf says
Government plan to attract foreign investments requires stable security situation: Economists
Government is working to improve the business sector to fight slow economic growth, decrease unemployment and improve quality of life through basic economic reform
Accredited centres granting certificates for used cars needed: Consumer Protection Agency Chairman
Insurance, whether comprehensive or obligatory, is crucial to help accelerate the market and insurance payment, according to Atef Yaqub, Chairman of the Consumer Protection Agency. Yaqub said the government should speed up the process of establishing accredited insurance centres to evaluate used cars before they are sold. This will ensure a quick sales process and …

Invitation to Big 5 to review economic summit projects: Investment minister
Investment banks are considering 23 projects, with approximately 20 BOT and PPP projects ready, and 17 projects for the business sector

Government considers new iron, cement licences to fill local gap
Consultations with GAFI Board on final draft of amendments to investment guarantees and incentives to take place within a week
Oriental Weavers expects EGP 5.8bn in 2014 sales, 2 new factories planned
By Mohamed Ayyad and Mohamed Mostafa Oriental Weavers sales are expected to reach EGP 5.8bn this year, compared to EGP 5.5bn in 2013, according to the company’s founder Mohamed Farid Khamis. He added that last year exports reached EGP 3.9bn, representing 65% of sales. Khamis also revealed that two new factories to be located in …

Emirati, Saudi parties largest investers in Egypt: Investment minister
Government will resolve the majority of disputes with investors before economic summit in March, says Ashraf Salman
Unified investment law’s fate in the hands of legislative reform committee
Consultations currently underway on ‘one-stop shop’ investment window within all government agencies

Comprehensive review of economic activity legislation to be presented to Legislative Reform Committee
Trade, mineral wealth, and investment guarantees, incentives, and sanctions laws are under review, says investment minister

Disney in Egypt important message to attract investors: Investment minister
Presence of Disney live shows in Egypt is important message for investors that Egypt is safe and stable, says Salman

Banks given chief responsibility for promoting economic summit projects: Investment minister
Al-Sisi to promote political, economic, and legislative changes in year-end foreign tour

Government to add, amend investment laws: Salman
Amendments include investor equality, facilitation of market entry and exit in dollars, and expedited bankruptcy procedures
Businessmen voice optimism for uniform investment law
Investment minister faces opposition to ‘one-stop shop’ system if put into effect