Latest in Tag: Investment Highlight
Latest in Tag: Investment
Obama to host high-level refugee summit amid demands for investment program
US President Barack Obama is due to hold a refugee summit in 2016. The announcement follows calls from the United Nations (UN) refugee high commissioner for an investment program for Syria’s neighboring countries.
Investment minister calls on NUCA to prepare lands before offering them for investment
Saudi Arabia investment pledges rely on readiness of Egyptian projects and results of due diligence examination
The Investment Complaints Unit returns $5.9m to TDA
The Investment Complaints Unit at the Administrative Prosecution Authority succeeded in returning $5.9m to the Tourism Development Authority (TDA). According to the unit’s statement, it discovered the existence of financial dues to TDA from a number of investors. The dues represent the remainder of the land’s value, bought by investors from TDA in the areas …
Egypt is a great market for computer investment: DELL Egypt chief
Huge youth population and super-capacity computing projects spell growth, said Hashem Mansy in an interview with Daily News Egypt
EU grants €32m for wastewater expansion project in Egypt
500,000 inhabitants in 79 villages in Kafr El-Sheikh to benefit from the project
Senior Chinese executives unreachable amid probe
One of China’s largest securities companies, Citic, has said it’s unable to contact two of its top investment bankers. The announcement came amid media reports on more investigations into illegal trading. Two more executives at China’s largest stock brokerage, Citic Securities, could not be located on Monday, according to a company statement to the Hong …
Government offers real-estate for investment in 2016
New developments will include administrative capital, East Port Said and New Alamein, says investment minister
EGP 700m expected investment for building materials, electronic products
China Homelife Egypt Exhibition launches on Tuesday
Careem acquires funding worth $60m
Abraaj Group is a lead investor in the new deal for the application-based car service provider
Amer Group’s net profits in 9 months decline to EGP 111m
Splitting up the group, paying back securitisation deal main/temporary reasons behind decline in profits, says Investor Relations Manager
Leasing sector’s portfolio mainly goes to real estate projects: Experts
We’re still at the tip of the ice berg; there are various opportunities in the sector, says Executive Chairman at EFG Hermes Leasing
Egypt ranked in high risk category for corruption in defence, security sectors
Detailed defence budgets on global scale not made public, only aggregated numbers are published, says military source
Qalaa’s ASEC Cement sells stakes in 2 firms to Misr Cement Qena
The transaction, worth approximately EGP 1bn, is expected to take place on 20 November
Investment fund to finance stalled factories in 2 weeks: Industry minister
Initial capital for fund at EGP 150m, programme to support exports studied, says Qabil
Insurance companies seek new investment in bonds market: EFSA unit
Insurance market penetration is below 1%
Spain not hit by VW investment revision
The government in Madrid has said Spain will not be affected by German carmaker VW’s upcoming investment revision in the wake of its emission tests scandal. It said promised resources would be allocated as planned. VW’s current endeavors to come to grips with its scandal over rigged diesel-engine emission tests would have no impact on …
German Ambassador supports Egypt in its quest for stability
Germany’s new ambassador to Egypt, Julius Georg Luy, assumed his position last month as a successor to Hansjörg Habar
Contracts for Saudi investments worth EGP 360bn to be signed soon
Saudi Arabia remains strong supporter of Egyptian economy
New free zone in Minya attracts $750m in investments
Zone’s cost of development will exceed EGP 450m, will be implemented in three phases over 10 years
Abu Soma expected to inject EGP 2bn-3bn in Egypt, next 5 years: CEO
The company behind its namesake peninsula is planning to open three new hotels in the next three years
Egypt becomes focus of world’s attention, promising market for investments: Banque Misr Chairman
New Suez Canal Project amazed the world by funding and implementation in record time
Egypt’s art field suffers lack of investments
“Lack of cultural knowledge, public museums and media spot lights are the reason beyond the problem,” says Shafei
China seeks to reassure financial markets
China’s Premier is trying to soothe international concerns over market volatility and slowing growth in the world’s second-largest economy. Beijing had recently devalued the yuan and lowered its 2014 growth reading. China has fended off potential risks to its financial system while keeping its economic prospects positive, Premier Li Keqiang said on Wednesday, as he …
Mega projects are one avenue to boost growth in Egypt: Standard and Poor’s
Egyptian deficits still remain high when compared to other countries at similar rating levels
Bechtel seeks prominent role in Egypt’s infrastructure sector: David Welch
We as a company think that Egypt has been and will be a good place to work, says President of Europe, Africa and Middle East region
Not enough capital in Egypt for start-ups: Flat6Labs Cairo CEO
Instead of investing in traditional sectors, businessmen could invest in start-ups, says Ramez Mohamed
Al-Sisi discusses economic cooperation with Singapore
Egypt’s President Abdel Fattah Al-Sisi met on Monday with his Singaporean counterpart, Tony Tan, and Prime Minister Lee Hsien Loong, and invited them to visit Egypt. Al-Sisi also discussed with Lee cooperation in the energy, water, technical education, investment and maritime ports sectors. During his meeting with Singaporean businessmen, Al-Sisi said that his visit expresses …
Elsaeed Contracting’s H1 net profit jumps 122.9%
Company’s gross profits recorded EGP 125m in same period
Administrative Prosecution establishes unit for investment issues
Decision comes into effect on 1 September
Government issues decree to establish General Authority of Economic Zone of Suez Canal
The authority will own state-owned lands and establishments in the zone. According to the law, the authority’s chairman of the board of directors must submit an annual report to the Prime Minister on the activities in the zone