foreign direct investment
Hermes projects US dollar at LE15 by the end of 2017
Business
January 24, 2017
Hermes projects US dollar at LE15 by the end of 2017
EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Egypt jumps 10 places in foreign direct investment ranking: Financial Times
Egypt
October 15, 2016
Egypt jumps 10 places in foreign direct investment ranking: Financial Times
Egypt has moved up to fifth place globally in the increase in foreign direct investment (FDI) flows, according to a…
Egypt in talks to obtain $2 bln in financing from China
Egypt
September 19, 2016
Egypt in talks to obtain $2 bln in financing from China
Egypt is in talks with China to obtain $2 billion in financing, Deputy Finance Minister Ahmed Kojak said, without giving…
IMF sees ‘productive’ talks on Egypt loans with China, Saudi Arabia
Business
September 16, 2016
IMF sees ‘productive’ talks on Egypt loans with China, Saudi Arabia
The International Monetary Fund said on Thursday it has held "very productive discussions" with authorities in China and Saudi Arabia…
Egypt receives first tranche of $3 bn World Bank loan
Business
September 9, 2016
Egypt receives first tranche of $3 bn World Bank loan
The World Bank has handed over to Egypt the first tranche of a US$3 billion loan to support the government's…
Egypt to receive $2 bln deposit from Saudi Arabia: minister
Egypt
August 19, 2016
Egypt to receive $2 bln deposit from Saudi Arabia: minister
Egypt signed a deal earlier this year for a $2 billion central bank deposit from Saudi Arabia, International Cooperation Minister…
CBE governor says UAE will deposit $2 bn by end of May
Egypt
May 5, 2016
CBE governor says UAE will deposit $2 bn by end of May
The governor of the Central Bank of Egypt (CBE), Tarek Amer, has announced that negotiations are underway for a US$2…
Italy mulls establishing three logistic zones in Egypt: minister
Business
April 10, 2016
Italy mulls establishing three logistic zones in Egypt: minister
Italy is mulling the creation of three logistics zones in Egypt to preserve and store grains, vegetables and fruits, and…
A year after the 2015 economic summit, what has been achieved?
Business
March 16, 2016
A year after the 2015 economic summit, what has been achieved?
Tuesday marked one year since Egypt concluded a massive economic conference in the resort city of Sharm el-Sheikh, a major…
Arab League: Political unrest behind lackluster foreign investment
Business
April 2, 2013
Arab League: Political unrest behind lackluster foreign investment
Foreign direct investment in Arab countries dropped from US$90 billion in 2010 to $43 billion in 2011, pushing the region's…