Latest in Tag: Investment Highlight
Latest in Tag: Investment
Lack of investment opportunities straining Egyptian banks
The liquidity of the pound has increased by EGP 64bn since the flotation; however, limited investment opportunities have hampered the growth of banks
Algebra Ventures aims to increase its investment portfolio to $50m-$60m
The fund works to reduce the financing gap of start-ups, says Asaad
Feeding industries are best door for attracting investments to domestic automotive sector: El-Kady
Delay of automotive industry strategy opened the door for other countries in the region to attract investments
Cairo Angels announces participation in RiseUp 2016
Cairo Angels is a global network of investors focused on supporting startup opportunities in Egypt, the Middle East, and Africa
KEH considers injecting investment worth $1bn into Egypt
The company plans to establish a multi-service city with a residential complex, shopping and administrative mall
ARCO announces launch of Oriental Bay Resort Jabbal El Rosas
Al Arabia Real Estate (ARCO) announced on Thursday the launch of the Oriental Bay Resort Jabbal El Rosas project, located on the Red Sea coast in the city of Marsa Allam. The project will occupy 650,000 sqm, have a panoramic view of the area and include various forms of beachside entertainment. Being located in what …
ARCO Egypt awaits ministerial decision to develop Citystars Katameya with investments of EGP 5bn
ARCO is negotiating with the Ministry of Housing for the development of three projects through a revenue sharing system, says executive manager
Upper Egypt Mills Co. allocates EGP 50m for real estate investments
Upper Egypt Mills Company allocated EGP 50m to utilise two plots of land for residential buildings in Sohag early next year, said chairperson Rabie Kulaiay. He added that construction will begin in January and is expected to be completed in two years; the buildings will include 130 apartments, as well as stores. The company is …
How should the government pace its reforms after the IMF loan approval?
On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …
French investments in Egypt amount to €3.6bn: ambassador
Recently issued economic measures are a positive step to attract new foreign investment
Mahlab calls on French companies to invest in Egypt
Ibrahim Mahlab, the president’s assistant for national projects and former acting prime minister, called on French investors to invest in Egypt on Monday. Mahlab held a speech during a conference organised by the French-language newspaper Al-Ahram Hebdo, in which he said the government has taken a number of steps aimed at reforming Egypt’s business …
GAFI holds meeting with World Bank to discuss means of improving investment climate
The government and the political leadership are prioritising the improvement of Egypt’s investment climate and attracting foreign investments, says GAFI chairperson
India optimistic about Egypt’s economic potential: Indian ambassador
Indian investors are expanding their businesses in Egypt, new products will keep entering the market, says Sanjay Bhattacharya
UPDATE: Interest rate on New Suez Canal investment certificates increases to 15.5%
This move is necessary, but investing in projects to increase exports is more profitable, says economist
Supreme Council for Investment issues resolution package to revive economy, stimulate investment
The Supreme Council for Investment in its first session on Tuesday has come up with a resolutions package described by economy and investment experts as a catalyst for investment which could accelerate the pace of growth in the economy. The package included the allocation of industrial lands equipped with the necessary, main facilities at zero …
Delegation of Chinese investors meet with NBE officials to discuss investment opportunities in Egypt
The bank has invited the delegation to invest in a number of projects and companies owned by the bank
Bayt El Khebra Consultancy aims to attract investments to Egypt worth $2.6bn in 3 years: CEO
Bayt El Khebra for Investment and Financial Consultancy is currently considering a project to operate and manage container ships in the Suez Canal worth $600m in initial costs
Looking for investment safe havens, Egyptians turn away from the US dollar
For more than five years, Egyptians have been looking for a safe and profitable haven for their savings and for a long time the US dollar was seen as the safest bet. However, as Egypt currently faces huge shortages in foreign currencies, the price of the US dollar, which did not record more than EGP …
Shezlong obtains funding worth $150,000
We seek to expand our services in the Gulf region in 2017, says Abu El-Haz
Economic legislation chaos in Egypt main reason behind decline in investments: Taher El-Khouly
Monetary policy in Egypt is vague and has hindered the movement of investors
Unilever Mashreq to open detergent factory in 2 months with €24m in investments
The company’s exports registered €160 over first nine months of 2016
Business delegation to visit UK to market investment in Egypt
The delegation will carry out its “doorknock” mission during the visit, says BEBA chairperson
GAFI adopts new strategy to bring government, investors together: Mohamed Khodeir
Amendments on unified investment law, or an entire new legislation due in six months
China and Japan take a trip to Cuba
In the next few days, the prime ministers of Japan and China will visit Havana to talk about trade and investment. The two countries hope to gain a foothold in a market that is still off- limits to US companies.
Egypt enjoys good investment climate but legislation, regulatory laws need improvement: Acwa Power regional director
The pace of work and conclusion of contracts must be accelerated and obstacles that face investors must be removed
Egypt has always been a huge market with many opportunities for investment: GE CEO for north east Africa
The company stood by Egyptians during and after the revolution; to continue supporting Egypt no matter what matters arise
Siemens announces massive investment in Argentina
The German engineering giant will be engaging in funding and building infrastructure projects worth billions of euros, saying the new government of Mauricio Macri is serious about reforming Argentina’s economy.
Mansoura Poultry freezes EGP 80m investments in Suez Canal Area
The company attributed the decision to the slow steps the government has taken in preparing the area and not completing the infrastructure, which puts food products in danger of spoiling
GAFI delegation to attend Tokyo International Conference on African Development
We will showcase Egypt’s efforts towards creating a better investment climate, says Khodair
Mercedes announces huge investment in Hungary
German luxury carmaker Mercedes-Benz has said it’s planning to invest heavily in a new factory in Hungary. The plant will create thousands of new jobs and produce a variety of models in the auto maker’s product palette.