Latest in Tag: Investment Highlight
Latest in Tag: Investment
Messaging app Kik secures funding from Tencent
Canada-based Kik Interactive has said it’s secured tens of billions of dollars from China’s Tencent. The Kik messaging application is very popular with American teens and the investment is required for add-on services. Chinese Internet giant Tencent took a $50-million (45-million-euro) stake in smartphone messaging application Kik, the Canadian company said Tuesday. The large-scale funding …
Suez Canal extension will take time to affect positive credit: Moody’s
Canal expansion is part of wider project to turn surrounding area into special economic zone
Google announces significant restructuring
Google, Inc. is creating a new parent company called Alphabet to be led by its CEO. The move makes its search engine one of many subsidiaries, such as YouTube, investment arm Google Capital and the Google X research lab. Google announced Monday that Alphabet, Inc. will replace Google, Inc. as the company’s publicly traded entity, …
Suez Canal makes Egypt ‘economic tiger’ on international shipping lines: Maritime workers
The canal will be a lifeline for Egypt’s economy that not only involves fees collection from passing ships, but also the state’s presentation of a variety of new local projects
Munich Re ups profit guidance on healthy quarter
Germany’s Munich Re has reported a marked rise in second-quarter profit. The world’s largest reinsurer said the strong result was due to its thriving investment business and a lower rate of major losses globally. Munich Re announced Thursday it posted a bottom-line profit of 1.1 billion euros ($1.2 billion) for the second quarter of 2015, …
Uber plans massive investment in India
App-based car service Uber aims to pour a huge amount of money into its Indian operations in the coming months as part of the company’s efforts to expand and improve its services in the South Asian nation. Uber has announced a $1 billion (900 million euros) investment for the Indian market for the next nine …
Fed leaves door open for September rate hike
Following a two-day policy meeting, the Federal Reserve kept its benchmark interest rates unchanged at near zero percent. The central bank also said that the US economy and jobs market are continuing to strengthen. The bank’s rate-setting Federal Open Market Committee said in a policy statement on Wednesday that the US economy has expanded “moderately” …
Investors lose interest in Russia
Global investment funds are turning increasingly skeptical about Russia’s economic prospects, as investors show less interest in Russian equities. The “BRIC” investment idea is also no longer attractive. The news came from the United States and hit big waves in Russia, but grabbed little attention in Germany: The Templeton Russia and East European Fund, a …
Can Greece invest its way out of the crisis?
Greece could surely use some economic growth – badly. But how? An evaluation of more than a hundred studies has revealed that public investment, even on credit, may just hold the key to long-term success. First of all, no one doubts that Greece is in need of fundamental reforms. It requires better administration, less corruption and more competition. It is…
Will the new Investment Law launch Egypt’s investment recovery?
Egypt has recently enacted a new law on investment that amends the Egyptian investment law, with high hopes that such a new law increases the chances in restoring confidence in Egypt’s investment climate. An objective evaluation of the new law requires a neutral analysis of its strengths and weaknesses, taking into consideration the existing impediments …
Upward trend for Egypt’s economic indicators: Investment Minister
Egyptian government is aiming to achieve better results in upcoming three years, says Salman
Concern over European warnings against travel to Egypt: Investors
Income from tourism sector, Suez Canal are important for Egypt’s economy to acquire foreign currency
Administrative authorities to report available lands to Investment Authority: Salman
Authority to be investors’ exclusive representative in completing dealings with administrative authorities, says Investment Minister
Metawee Group invests EGP 750m in new ‘Blue Blue’ project
Project is located in Ain Sokhna and covers 121,000 sqm
Qalaa Holding receives no subscriptions in capital increase attempt
Investment firm targets to raise capital by EGP 1.7bn
Upper Egypt Economic Summit under discussion
Number of investment opportunities in Upper Egypt will be presented at the summit, which will tackle one of the poorest zones in the country
Emaar Misr Board approve capital rise by EGP 600m
Firm’s current issued capital evaluated at EGP 4.019bn, set to reach EGP 4.619bn with increase
Misr Italia launches Italian Square New Cairo in June
Italian Square New Cairo is built over 44,480 sqm, providing all basic needs and services
Al-Sisi and his government’s resume highlights
The new canal will be established to increase the Suez Canal’s capacity to 97 passing ships per day, up from the current rate of 49 per day.
Investments worth EGP 9bn in 59 projects on TDA lands by end of current FY: TDA Chairman
TDA’s activity growth before the end of FY 2014/2015 led to financial surplus of EGP 258m at the Ministry of Finance
EGP 70m investments for ETAA in New Suez Canal certificates
Expected revenues amount to EGP 8m annually
Executive regulation of investment law to be issued within 3 weeks: Salman
Next week, MoU will be converted into final contract with investment at EGP 35bn, investment minister says
Halting capital gains tax blow for social justice: ECESR
Government continues to pursue same polices undertaken by NDP, by favouring interests of investors and businessmen over those of citizens, the statement read
Halting capital gains tax means government supports investment climate: Omran
Prime Minister and Minister of Investment opened Monday’s trading session
Investment and finance ministers should switch positions
By Naguib Sawiris Many people, including traders, believe that the stock market is a place for venture and quick profit, not knowing that its real goal is to present investments for investment funds and individuals, both locally and globally in companies’ capitalthrough this mechanism that allows investments by buying and selling shares on desiring to …
Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist
Agency raised Egypt’s economic outlook from stable to positive, affirming long- and short-term foreign and local currency sovereign credit ratings at ‘B-/B’
Egypt refuses Kuwaiti offer over Ayyat land dispute, new negotiations to start: Salman
Government is serious in resolving all investment disputes quickly and fairly, to guarantee rights of country and serious investors, minister says
Arqaam Capital to enter Egyptian market through integrated investment bank
Plan to attract $1bn of foreign direct investments and global institutions to Egypt
Tourism investors face obstacles in Egypt
Banks prefer to loan government over investors, says Egyptian Tourism Federation Chairman
Sawari Ventures negotiates with 20 investors for $50m investment fund
By Mohamed Alaa El-Din Sawari Ventures is planning to launch a new investment fund with capital worth $50m, according to the company’s CEO and Co-Founder Ahmed El-Alfy. In a statement to Daily News Egypt, El-Alfy said the company, which specialises in the management and investment of venture capitals in technology industries, is currently negotiating with …