Latest in Tag: Investment Highlight
Latest in Tag: Investment

Ministry of Investment to improve policies with World Bank expertise
The ministry is evaluating the investment climate and the requirements for preparing unified state investment policies

60% of EIB investment in MENA region directed to Egypt in 2015-2016: chief economist
Among other ventures planned for the near future, the European Investment Bank expects to sign a loan worth €115m with the Gulf of Suez Wind Farm, says EIB’s chief economist Debora Revoltella

EFG Hermes concludes advisory on DPI, B.TECH investment
The EGP 300m will fund B.TECH’s growth strategy

Governor of Aswan provides investment opportunities
Aswan governor presents available real estate investment opportunities in Aswan to EREEX attendees

Economy is government’s top priority: Kabil
Higher Investment Council headed by Al-Sisi to review all investment laws and procedures

Pace of borrowing will not fall, no alternatives to further external debt: experts
Current pace of borrowing will drive external debt over safe limits within two years; the government lost $100bn of investments at Sharm El-Sheikh conference, says Prime Holding economist

Islamic banking sound option for enterprises facing economic slump
There are mounting concerns currently being voiced by prominent organisations, such as the International Monetary Fund (IMF) and the Bank of International Settlements, over the long-term impact of the slow growth rate reported across all major economic regions from the latter part of 2015 to early this year. Significant losses in the global financial and …

Egypt’s fiscal position remains unstable: Moody’s
The current account deficit reached $14.5bn, up from $8.3bn the previous year

With TTIP talks stuttering, free trade is reaching its limits
Points of discord remain, time is running thin, and the public mood is souring on free trade – does TTIP stand a chance? The EU and the US are meeting for the 14th time, and the Sisyphean boulder is only getting heavier.

Al-Wafd urges the importance of a Supreme Council for Investment
The investment climate requires regulation by a higher entity to oversee the state’s investment policies across all sectors and in all provinces, says Fouad

Coca-Cola to invest $500m in Egyptian market
Coca-Cola plans to implement investments worth $500m in the Egyptian market over the next three years.

Germany seeking to boost investment in Greece
Germany’s Vice Chancellor Sigmar Gabriel is embarking on a three-day trip to Greece, where he is expected to focus on intensifying bilateral trade and investment partnership amid the fallout from Brexit.

Britain will direct more investment to Egypt after Brexit: EBCC
Britain voted in favour of leaving the EU in a referendum last week.

EIP to set up regional direct investment fund of $100m
We are addressing international institutions to participate, and 50% of its capital is earmarked for Egypt, says Burhani

Shanghai Safbon Water Service looks to invest $1bn in Egypt
Safbon is planning to establish drinking water desalination and waste recycling plants in Kafr El-Sheikh, Fayoum, and Cairo

Cairo Angels invest over EGP 12m in fifteen companies
We have 80 investors as part of the Cairo Angels’ Network

Single authority formed for Golden Triangle to cut down on bureaucracy
The initial stage of the project focuses on agriculture and industry, says head of technical committee

Portuguese FM expresses support for Egypt in counterterrorism efforts
Both countries signed an agreement to boost investment

New, renewable energy fields are attractive investment fields in Egypt: NREA chairperson
Cabinet is currently reconsidering the purchase of renewable energy equipment from the private sector

Despite insecurity, the banking sector remains stable: Moody’s
Moody’s did not upgrade Egypt’s credit rating, but gave a positive outlook owing to stable short- and medium-term indicators

Booz Allen Hamilton designing solutions for Egypt’s economic and security challenges
Booz Allen signs MOU on cyber security and announces a number of projects and strategies to help the Egyptian economy grow and recover from political turmoil that has recently gripped the nation

Government reduces its investment forecast for private sector to EGP 292bn for next FY
Investors are facing challenges and we are working to fix them, says investment minister

EBA, Housing Ministry plan meeting to discuss real estate investment in Egypt
Partnerships between the government and private sector developers remains inadequate, says EBA member

Korea aims to increase investments in Egypt to $3bn: Korean minister of industry
Cooperation protocol signed between the two countries in medium industries

23.1% increase in value of financial investments for banks: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued on Thursday its annual bulletin of statistics and financial indicators for banks, insurance, currency exchange, and brokerage companies for fiscal year (YR) 2014/2015.

Technological complexes are investment opportunities, current investment climate might lead to losing them
SMV ready to assist with our expertise in managing Smart Villages, says chairman

Investment in Egypt to increase by 6.6% in FY 2015/ 2016: Focus Economics Consensus Forecast
GDP to grow 3.9% in FY 2016/2017, says report

King Salman reveals establishment of Saudi-Egyptian investment fund worth SAR 60bn
Saudi King Salman explained that the Saudi share in the investment fund is the equivalent of 50%, amounting to SAR 30bn, while the Egyptian side will provide the remaining 50% of the fund’s capital, to be paid in Egyptian pounds

South Valley Cement Company to decide on cement licenses with $200m investment by April
The meeting will also decide on a plan for expanding the production capacity, according to Board Member Ahmed El-Mikati

Agreements signed during Saudi king’s visit to double investment in Egypt: Abo El-Enin
Saudi Arabia aims to attract foreign investment of SAR 1tn in the coming period, says SAGIA official