Latest in Tag: Investment Highlight
Latest in Tag: Investment
Mehleb charges 3 ministries, Central Bank with studying Suez Canal project funding: Finance Minister
Ibrahim Mehleb charges Finance, Investment, and Planning ministries with studying mechanisms to raise $8bn for new Suez Canal project
US confirms support for Egypt’s economic reform programme
Government seeks to restore the confidence of international markets in Egyptian economy and gain support for economic reform programme
Egyptian government presents trade, technology projects to India
Government conducts broad international talks to revive confidence in Egyptian economy threatened by political turmoil
Al-Sisi looks into 3 ‘major’ investment projects
President seeks to establish facility for wheat and grain storage with a cost of EGP 100m
Returns on treasury bills rise, negative impact on economic growth expected
Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount
Mehleb meets Nassef Sawiris to settle tax dispute
Investment Minister Ashraf Salman declined to comment on the reason behind Sawiris visiting the investment ministry or the form of the new settlement
Abraaj Group to make EGP700m bid to acquire Amoun Pharmaceuticals
The company also announced Sunday its intention to acquire 100% of shares of Bisco Misr Company.
Ministers of Agriculture, Industry to discuss needs of spinning, weaving companies
Government moves to save the textile industry in view of governmental failure to recognise huge losses incurred
Committee to curb international arbitration against Egypt: PM
Government seeking to settle some 22 investment disputes against Egypt pending before international arbitration “amicably” in order to avoid fines estimated at $20bn
Al-Sisi meets African leaders ahead of AU summit
Foreign minister targets African development cooperation
Legislators inundated by conflicting laws, reform committee ‘necessary’: Expert
Legislative reform committee begins work following recent formation by presidential decree, looks to bring order to existing legislation and review new legislation
Window to investment remains shuttered
By Mohamed Ayyad Today I am writing to you, Minister of Investment Ashraf Salman. It is up to you if you wish, honestly and in the name of success, to listen to the masses. You must wage a fierce war on bureaucracy and administrative corruption, for even if you fail, the effort will be recognised. As you …
Abraaj open to offers for shares of Cairo Medical Centre, Cairo Investment and Real Estate Development (CIRA): Managing director
Abraaj Capital Group is monitoring new direct investment opportunities to acquire companies in different sectors, counting on political stability
Sawiris plans to raise capital of New Egypt to $230m after 20% purchase of Hermes
Sawiris-led Alliance purchasing 20% stake in Hermes from shareholders remains committed even if shares restricted from sale during first year
Sawiris-Beltone 20% acquisition of Hermes will not be implemented ‘chaotically’: EFG Hermes Chairman
Head of EFSA says oversight body is currently studying documents submitted to implement the deal
Tourism Assistance Fund aiming for 25% annual returns: Investment manager
Egypt’s Tourism Assistance Fund is looking for annual returns of 25% on investments, or $250m in the first phase of underwriting, according to Amr Askar, investment manager at Cairo Financial Holding. The first phase will take place directly after the Egyptian Financial Supervisory Authority (EFSA) adopts the prospectus. Askar added in a statement to Al-Borsa …
Nassef Sawiris pumps new money into Egypt through investment fund
Less than one week after Abdel Fattah Al-Sisi’s presidential victory, Sawiris family announces second investment
Al-Sisi unveils economic plan
New President promises in speech to develop industry and agriculture, halt export of mined raw materials and implement development projects
EGP 3.69bn to be invested in petroleum by public sector companies for FY 2014/2015: EGPC president
The total amount of investments that are hoped to be collected from public sector companies amount to EGP 3.69bn for the 2014/2015 year, according to Al-Mula.
IPOs will support public sector businesses: Minister of Industry
Abdel Nour said that the investment climate has improved significantly over the past three months.
Reforms will help curb budget deficit: Mehleb
Outgoing Prime Minister Ibrahim Mehleb said the government has presented a ‘bold’ budget for the coming fiscal year which will overhaul the energy subsidy system
Transportation ministry announces 28 new investment opportunities
Ministry of transportation reveals investment opportunities involve 3 railway projects, 3 road projects, logistics centre project, 2 new metro lines, tram line, tunnel and 17 maritime transport projects
Al-Sisi condemned for withholding his platform
Al-Sisi, Sabahy hold meetings over their presidential campaigns
Citadel Capital’s assets surge to EGP 30bn
The firm said in January it expects to make asset purchases with a value of EGP 132m, in addition to EGP 2.928bn purchases made earlier this year
Abraj Misr preparing to go public on EGX in 2015
Real estate company to implement new projects in New Cairo, Heliopolis and north coast region
BG pumps $1.5bn in Egypt in 2H 2014
The British firm aims to increase its natural gas production to 500m cubic feet of gas per day
First stimulus package’s projects to be completed by end of 2014: El-Araby
Around 60% of the stimulus package projects are done, says planning minister
First stimulus package’s projects to be completed by end of 2014: El-Araby
Around 60% of the stimulus package projects are done, says planning minister
Investment Law amendments unconstitutional for their protection of corruption: ECESR
Egyptian Centre for Economic and Social Rights criticises law’s amendments for infringing on judiciary’s ability to perform duties.
Egypt issues law barring challenges to state deals
Reuters- Egypt’s interim President Adly Mansour on Tuesday approved a law that would restrict the right to challenge state business and real estate deals to only the government, its involved institutes and business partners, a presidency statement said. The law, long-waited by businessmen and investors, is meant, according to the presidential statement, to boost business …