Latest in Tag: investments Highlight
Latest in Tag: investments
Government aims to increase private sector’s share of total investments to 65%: Kouchouk
Government plans to exit from 79 sectors, reduce investment in 45 other sectors
It’s a crucial time for Egypt to showcase its sustainable development strategy, attract investments: Oumnia Boualam
A corporate executive turned digital creator shares her recipe for success in entrepreneurship
Volume of US investments in Egypt increases by 19.8% to $9.2bn in FY2020/21
According to the agency, the value of remittances from Egyptians working in the US recorded $1.4bn, compared to $975.2m — an increase of 40.9% — while the value of remittances of American expats working in Egypt amounted to $42.8m, compared to $49.9m — a decrease of 14.1%.
Geidea Egypt to inject investments worth EGP 600m within two years
Plan to expand in the Gulf market and North Africa before the end of 2022
Select International targets EGP 330m investments, revenue growth of 20% in 2022
Select International works in several sectors, most notably the technological infrastructure, water desalination, and canal lining, which represent 70% of the company’s business volume, in addition to investing and financing emerging companies.
Private sector participation to allow more investments in climate action, more innovative financing: Al-Mashat
Egypt is working to advance global efforts towards stimulating climate action, transforming international commitments into tangible projects: Al-Mashat
Encouraging investments, economic relations between Egypt, Kazakhstan reinforced: Minister of Finance
The minister also explained that Egypt is keen to reach an agreement to avoid double taxation between the two countries in a manner that contributes to increasing investments as well as enhancing cooperation in the field of customs.
Egypt witnessed upsurge in fintech investments in 2021
The recently issued report by Fintech Egypt — an initiative powered by the Entral Bank of Egypt (CBE) — revealed an unprecedented growth rate of 300% in investment funding amounts attracted by this sector during 2021 alone.
AGEC Developments launches IVY Residence Shorouk with EGP 800m investments
Company contacts with Suez Canal Bank to offer mortgage finance to its customers
SCZone to host international methanol complex with $2.6bn investments
The complex will be established by the International Company for Methanol and Derivatives to produce methanol and ammonia. The project will be built on an area of 2m sqm in addition to storage spaces for the complex in Sokhna Port on an area of 50,000 sqm to achieve integration between the industrial zone and the port at a total cost estimated at approximately $2.6bn.
Egypt’s Post for Investments sees board reshuffle
Essam El-Din Al-Wakeel appointed as Chairperson of Post for Investments
Egypt’s economic reform improves macroeconomic stability, restores confidence: WB
Egypt’s reforms have yet to trigger a marked and sustained increase in non-extractives private investment and exports, said the World Bank report
Etisalat Misr to inject EGP 5bn new investments during 2021
COVID-19 has caused unprecedented rise in rates of electronic payment, says Etisalat Misr CEO
Egypt targets EGP 136.4bn investments in urban development during 2020/21
A ministerial report clarified that the urban development sector’s share in Egypt’s gross domestic product (GDP) at constant prices is expected to reach about EGP 706bn during 2020/21, with a growth rate of 4.7% over the previous year.
Egypt needs US Clean Network to attract more investments: Keith Krach
DFC to provide funding to countries wishing to convert their network to 5G technologies, says Krach
Drivu announces expansion after raising $1m in investments
Drivu is also distinguished by its facility to design a special service for each merchant in line with the nature of his work and his products.
CDC Egypt eyes further investments in Egypt as priority market
CDC invests in 29 companies that employ over 28,000 people, increasing its Egyptian portfolio to $146.6m as of Q1 2020 end
La Verde launches 2nd NAC project with EGP 2.5bn investments
The exhibition, which is scheduled for 1 to 4 October, will be inaugurated by Minister of Housing Assem El Gazzar.
New Alamein establishes reputation as diamond of investments in Egypt: City Edge
Private real estate developers have made recognised efforts in the sector, becoming a catalyst for rapid growth of fourth generation cities.
SCA investments stand at EGP 16.9bn in FY 2020/21: Planning Ministry
SCA is one of Egypt’s important foreign exchange inflows sources, generating revenues of $5.73bn in FY 2018/19, says Hala El-Said
Trade Minister, Japanese Ambassador discuss boosting Japan’s investments in Egypt
Preparations are underway to hold first edition of Egyptian-Japanese Business and Investment Committee, says Masaki Noke
New Valley receives EGP 4bn of Egypt’s investments in FY 2020/21: El-Said
Egypt’s Planning Minister discusses with New Valley Governor possible ways to attract new residents
Egypt’s investments to grow 5.5% in FY 2020/2021: FocusEconomics
The report, published this month, highlighted that Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, inched down to 49.4 in August from 49.6 in July.
SCZone attracts $15bn investments over 5 years
SCZone is geographically diversified, and has ingredients and advantages needed for good investment climate, says Yehia Zaki
Egypt targets EGP 45.3bn of electricity sector investments in FY 2020/21: El-Said
Electricity sector is set to increase its production at current prices during FY 2020/21 to about EGP 180.9bn, says El-Said
LG aims to pump $50m in new investments in Egypt over 3 years
The two parties also discussed the company’s plan to inject new investments over the next three years, worth $40m, to add new products, including refrigerators, top-loaded washing machines, microwaves, and new sizes of TV screens.
Egypt receives €459m in EBRD investments in H1 of 2020
This compares to the €166m granted to Egypt EBRD in 2019, as it rapidly responded to the needs of emerging economies grappling with the impacts of the novel coronavirus (COVID-19) pandemic.
MENA startups attract so far equivalent to 95% of 2019 investments
Investments attracted by startups in H1 2020 rose 35% on comparative period in 2019
Planning Ministry targets EGP 34.5bn agriculture, irrigation investments in FY 2020/21
The ministry has indicated that the agriculture sector’s most significant targets for FY 2020/21 are to increase production to EGP 1.075trn at current prices, from EGP 938.9bn in FY 2019/20, a growth of 14.5%, equivalent to 11% of gross domestic product (GDP).
Middle East, Africa renewable energy investments slip 8% in 2019
Egypt, Morocco, Jordan most active North African renewable energy markets with $15.7bn invested over five years