Latest in Tag: investments Highlight
Latest in Tag: investments
Planning ministry targets 14% investment growth, 3.2% economic growth for FY 2014/2015
Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8% and offer 550,000 job opportunities
Sudden energy subsidies cut will create lower-middle class outcry: Economist
Government increased petroleum product prices Saturday after cutting subsidies
Saudi Arabia’s Beyti investing EGP 4bn for expansions in Egypt
Company plans new juice plant and two milk farms to increase market share to 35% within 5 years
Final decision yet to be reached on EFG-Hermes shares purchase: EFSA chairman
Further clarification required before final decision reached on bid by Egyptian investors to buy share of Hermes
Instability, lack of legal certainty the main problems for British investors: Franck
Egypt’s exports to the UK went up by 21% in 2013, says former UK Trade and Investment Director
Chinese investments in fiberglass plant reach $235m
First phase of new plant to produce fiberglass completed, plant will provide 2,000 job opportunities
EU funds textile sector development
Ted Med Cluster project, funded by European Union, aims to “attracts investments, transfer technology and modern management methods”, says Chamber of Alexandria chairman
Citadel Capital’s Sphinx Glass receives a $112m purchase offer
The company who made the purchase offer remains unidentified.
Vodafone to invest EGP 9bn in Egypt
Investments expected to provide 3,000 job opportunities until 2017
Suez Cement Company invests EGP 300m to convert plants to use coal power
The company is still waiting for final approval from the Ministry of Environment to use the pollution-heavy fuel following a controversial cabinet decision to import coal
Presidential elections will bring stability to economy: Minister of Industry
Investors do not see presidential favourite Abdel Fattah Al-Sisi as a model of democracy, but believe he could steady Egypt’s economy, Mounir Fakhry Abdel Nour says
Investment projects in transportation sector total $3.5bn: Transport minister
A number of transportation projects included in the stimulus package have been completed, says El-Demeiry
PM seeks investors for power plant in Red Sea Governorate
Prime Minister attempts to find fast and unconventional solutions to address energy shortages
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered during 1Q FY 2013/2014
$1.3bn Italian investments in energy and infrastructure: Egypt ambassador
Italy holds a number of investments in Egypt in the fields of energy and infrastructure, aims to deepen economic relations between the two countries
Local authorities collaborate with Maadi City Centre to improve road infrastructure
Maadi City Centre to invest EGP 10m to improve nearby roads
Government development investments total EGP 50.2bn: Minister of Planning
Projects in Ismailia total EGP 600m and span the education, housing and transportation sectors
US data centre firm in venture with Egyptian telecoms tycoon
Reuters – US-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawiris’ telecoms empire to win business in Europe, Asia and the Americas. The joint venture with Accelero Capital and Orascom TMT Investments will build and operate data centres for clients such as cloud …
Jeddah Chamber of Commerce to invest EGP 2.5bn in Egypt
The Saudi chamber will establish a commodity exchange system in cooperation with the National Investment Bank and Federation of Egyptian Chambers of Commerce
Abdel Nour flies abroad to lure investments
The Minister of Industry and Foreign Trade will visit Paris, Washington, Berlin, Brussels, London and Moscow in February and March to boost economic relations
Dubai retailer Al Futtaim to invest $2.3bn in Egypt
The investment plan is positive for Egypt’s army-backed government, which is trying to attract foreign money back to the country and create jobs to ease social discontent as it manages a difficult transition to elections this year.
Ministry of Housing plans to establish 25 new cities, attracting EGP 100bn in investments
The ministry intends to extend the sanitation system to 131 villages, as well as a project establishing new silos with a storage capacity of 1.5bn tons
Trade between Egypt and India reaches $5.5bn
The ambassador noted that Indian investments in Egypt recently reached nearly $2.5bn via more than 50 companies operating in major cities, namely Alexandria, Suez, Ain El-Sokhna, 6th of October and the 10th of Ramadan.
New roadmap for Egyptian-Saudi economic relations under development: Abdel Nour
Plan aimed at raising levels of bilateral trade between both countries
Fahmy to discuss EU’s export licenses suspension in Spain
Foreign minister will also meet business leaders in Madrid to discuss investments
Communications minister aims to attract new investments in ICT field
Atef Helmy heads high-level delegation from the Ministry of Communications to participate in Gitex Dubai 2013
River Transport Authority to hold global conference to display opportunities for investment
An opportunity to open direct lines of communication with investors: Darwish
Abdel Nour calls on Japanese car companies to increase investments in Egypt
Japanese ambassador expressed his country’s desire to expand economic cooperation with Egypt in a meeting with Abdel Nour
Middle East funds set to boost investment in Egypt: survey
Fund managers in the Middle East are set to pump more money into Egypt, showed a Reuters survey
General Motors Egypt launches new product with EGP 180m investment
The managing director of General Motors in Egypt and North Africa, Tarek Attia said that they are committed to more investments in the future.