Latest in Tag: Investment Highlight
Latest in Tag: Investment
Majid Al Futtaim to open new EGP 4.9bn mall
Mall of Egypt is expected to open in 2016
Abraj Misr develops EGP 4.5bn project in El-Nozha: Company chairman
Contract signed with French consultant and consultations underway with a foreign contractor for construction
Egypt to present $1.5bn Cairo-6 October train plans at economic summit
International company offers to implement the project
SODIC to invest up to EGP 2.5bn in Egypt real estate
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
Egyptâs outlook upgraded to stable: Moodyâs
Government bond rating confirmed at Caa1, however
2014 sees significant investment, acquisitions in mobile phone sector
Smartphones leading source of growth in Egypt
Investment ministry forms advisory committee for public sector management
The Ministry of Investment has formed a new, as yet to be named, committee managing public business sector assets, to develop the sector and maximise asset returns. The committee includes eight heads of holding companies, heads of the Egyptian Financial Supervisory Authority (EFSA) and General Authority for Investment (GAFI), and representatives from the private sector, …
Shoukry receives Chinese envoy for Middle East
Two sides discussed need to bolster cooperation and encourage Chinese investment in Egypt
EBRD invests $713m in 15 projects in Egypt: Philip ter Woort
Bank meeting with consultancy firm to consider supporting Suez Canal Corridor projects, bankâs Egypt Director
$400m British Gas investment to develop Rashid and Burollus gas fields: Ministry of Petroleum
Natural gas production increasing from 400m to 450m cubic feet per day says Rashid Petroleum
Investment Minister: 95% of fertilizer factoriesâ needs to be provided for by November through gas imports
Fee issued for cement to be eliminated soon, fertilizer industry must be protected before it dies out
3 finance institutions request private sector project funding: Finance Minister
These institutions include the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB)
UAE-based Al-Zahera spends EGP 750m on investments in Toshkha: Chairman
Prime Minister Mehleb invited to visit the companyâs agricultural projects in Toshkha, East Owaynat
Personal savings dominate Suez Canal certificatesâ purchases: Baseera
42% used money kept at home, 38% used bank savings, 13% used Egypt Post savings
UK keen on expanding partnerships to help Egypt
British PM urges Al-Sisi to âensure human rights are respected in Egypt in the fight against extremismâ
No high growth rate without major role private sector: Investment Minister Ashraf Salman
Arrears to be paid to oil companies and feed-in tariffs to be introduced for new energy that will achieve huge investments in 2014-2015
Euromoney Conference: Government removing barriers to investment: Tourism minister
Ministry plans to attract 40 million tourists to Egypt in the coming period
Euromoney Conference: Dorra considers investing in Suez Canal Axis project
Dorra plans to open the first phase of Capital Business Parkâadministrative, commercial and medical projectâin Sheikh Zayed City during the first quarter of 2015.
Euromoney Conference: Wadi targets EGP 2bn in sales: Company chairman
Wadi Company for Agricultural Development aims to increase its sales to EGP 2bn during 2014 through various expansions
Government looks to restore confidence in economy: Finance minister
Hopes to restore confidence in Egyptâs economy through tax legislation, reducing budget deficit
11 amendments necessary to attract investors: EFIA
Eradication of bureaucracy, stability of regulations and establishment of free zones are among prerequisites for attracting investors, the association says
Investment in Egypt requires stimuli: GAFI chairman
Gafi Chairman Hassan Fahmy asks for bankruptcy law, High Investment Council, and activation of âone-stop shopâ to cut down bureaucracy
Government begins reviewing bids for renewable energy projects
The government has begun reviewing offers submitted by private companies to carry out renewable energy projects in Egypt, said Minister of Electricity Mohamed Hamed Shaker. Shaker added that the four main criteria on which the offers will be judged are seriousness, technical capability, financial solvency and previous experience. The move comes as part of state …
UPDATE: Banque du Caire receives Suez Canal investment certificates
Cooperation protocol between the Suez Canal Authority, banks and the Ministry of Finance expected to be signed on Tuesday.
Al-Sisi approves Suez Canal investment certificates law
Cooperation protocol between the Suez Canal Authority, banks and the Ministry of Finance expected to be signed on Tuesday.
6m tax-exempted Suez Canal investment certificates to be issued: CBE governor
Following the presidential approval of the Suez Canal investment certificate law, protocol to be signed between CBE, four public banks and the Suez Canal Authority
New âquartet committeeâ to regulate financing and implementation of Suez Canal project
Government seeks to complete the development of the Suez Canal on schedule within its efforts to increase resources and reduce unemployment
Government seeking EGP 24bn in tax arrears
The government is aiming to collect EGP 24bn from the total tax arrears recorded during the current fiscal year, compared to the 16bn collected during the past fiscal year, head of Income Tax Authority Mostafa Abdel Qader said Tuesday. Abdel Qader said that the economic crisis following the 25 January Revolution caused the delays in …
Suez Canal investment certificates issued within next week: CBE governor
$0.5bn repaid to Qatar at beginning of October, said Hisham Ramez
Shift in Suez Canal financing comes under scrutiny
Investment certificates expected to encourage investors with higher-than-average interest rates