Latest in Tag: Investment Highlight
Latest in Tag: Investment
Egyptian governorates to be surveyed for investment opportunities to present at Jeddah
Investment opportunities in Egyptian governorates will increase Saudi investment and promote sustainable development, says President of the Federation of Egyptian Chambers of Commerce (FEDCOC).
Minister of Industry plans to increase British trade and investment, with emphasis on ICT
Minister meeting with BEBA to discuss the promotion of British investment, with a special focus on ICT
Dubai’s Arabtec wins $705m Abu Dhabi contract
Reuters – Major Dubai-based builder Arabtec Holding said on Tuesday that one of its units had been awarded a AED 2.59bn ($705m) construction contract on Abu Dhabi’s Al Reem Island. The project will house a five-star hotel and a residential tower, and will be built within three years, it said in a bourse statement, adding …
International firms receive 70% of insurance installments paid in Egypt
Head of the Egyptian Insurance Federation Abd El-Raouf Kotb said, “Establishing new Egyptian re-insurance companies is an issue of national security.” He revealed that foreign re-insurance companies receive 70% of the insurance installments paid in Egypt. He added that most of the insurance certificates concluded between insurance companies and clients – whether insuring factories, banks, …
Saudi businessmen propose bill to amend Egyptian Investment Law
Egyptian-Saudi Council Chairman Abdallah Bin-Mahfouz revealed that the Saudi side proposed the amendments to the interim President Adly Mansour at the GCC Economic Forum held in Egypt.
Egyptian economy stabilising: Ministry of International Cooperation
Ministry of International Cooperation outlines economic picture since 25 January Revolution in new report
Cooperation agreement signed to increase Saudi investment in Egypt
Agreement signed to promote Saudi investment in Egyptian markets and increase economic cooperation between both countries.
Fiat has assured Italy on investments, minister says
Fiat’s recent $4.35bn deal to gain full control of No. 3 US automaker Chrysler has raised worries the merger could further diminish Fiat’s presence in recession-hit Italy and lead to job cuts.
Nigerian finance resurges but investors still shy
The All-Share Index on west Africa’s leading bourse closed up nearly a third over the year, to 41,329.19 points.
Egyptian-Saudi association targets EGP 2bn investments in 2014
Large numbers of Saudi businessmen expressed interest in investing in Egypt during the association’s launch party last Thursday.
Dubai’s Nakheel plans $1.1bn of early debt repayments in 2014: chairman
Nakheel’s profit jumped in recent quarters on the back of the local real estate recovery – its nine-month net profit was 58% higher year-on-year
Egypt hopes to increase volume of Egyptian-Indian trade to $8bn
The volume of trade between Egypt and India registered $2.3bn in the first quarter of 2013
Ministry of Finance defines strategic goals for 2014/2015 general budget
Government says it seeks to achieve social justice and economic development through a transparent and publicly disclosed budget
Al-Futtaim aims to double business by 2018
MAF has invested heavily into Egypt and has started construction on a $600m Mall of Egypt in Cairo that is expected to open by early 2016
El-Beblawi meets with Saudi Investor Abd Al-Rahman Al-Sharbatly
Interim prime minister states that Egypt is committed to protecting Arab and foreign investments.
Egypt’s inconsistent economic policies hinder investment: IFC and World Bank
Minister of Investment says investment opportunities will benefit all governorates
Sawiris to invest $1bn in Egypt
Construction sector tycoon says his main investments will target construction, real estate, agriculture and microfinance
Ministry of Tourism offers lands in Red Sea Zone to Gulf investors
“Minister of Tourism Hisham Zaazou will meet a Gulf delegation including a number of Gulf investors to discuss establishing a group of projects complementary to the hotel capacity in the Red Sea touristic cities.”
Egypt criticised for international trade agreements
The Egyptian state is still unable to hold corruptors accountable or return plundered rights: ECESR
Iran oil, energy investment sanctions still in force : US
Iran and six world powers reached a breakthrough deal early on Sunday to curb Tehran’s nuclear programme in exchange for limited sanctions relief.
Government financial bodies suffer EGP 10bn losses
Financial bodies were unable to meet revenue target and fell behind by 9%.
AUC, SODIC and AAIB encourage startup companies
Incubated teams receive EGP 20,000 to develop their projects
Eight things the interim government can do
The Egyptian interim government’s performance has been rather disappointing to the population. The current Prime Minister, Hazem El-Beblawi, seems to be only focused on getting more money from Gulf nations to sustain the current dysfunctional government, rather than actually lead on, well, anything. His government has operated so far to serve one objective: spend money …
Egypt has the potential to become a powerful economy: World Bank Vice-President
Vice-President for the MENA region visits Egypt for the first time since 30 June
Internet economy in Egypt amounts to EGP 15.6bn: Google’s regional manager in Egypt
El-Fakharany said that the government is first seeking investment opportunities in the internet sector to ensure its competitive structure without putting legal restrictions on the engagement of the online business community.
TPG, Abraaj team up against KKR for Saudi fast-food chain
Riyadh-based Kudu, which operates more than 200 restaurants in the kingdom, is owned by four individual shareholders, including chairman and chief executive Abdulmohsen Bin Abdulaziz Al Yahya
Second stimulus plan is on the way: Minister of Finance
Galal says changes in expenditures and resources will lead to another stimulus plan
Egypt aiming to attract EGP170bn in investments by 30 June: Minister of Investment
Saleh says Suez Canal’s Term of Reference is to be issued at end of the month
Euromoney: Technology sector to attract EGP 20bn of investments this year: Minister
Sector to grow by about 10% in 2013/2014
Forecasted investments slid from EGP 20bn to 24bn due to political turmoil in first-quarter
Ministry aims to broaden room for competition
Integrated phone license to be issued by year end
Ministry guarantees justice to all parties involved in license
Fahmy to discuss EU’s export licenses suspension in Spain
Foreign minister will also meet business leaders in Madrid to discuss investments