foreign investment

OECD drops Egypt’s economic risk classification ranking
Economy

OECD drops Egypt’s economic risk classification ranking

  The Organization for Economic Co-operation and Development (OECD) officially announced that Egypt’s risk classification has dropped from six to…
‘Uber Bus’ launches in Cairo
Technology

‘Uber Bus’ launches in Cairo

  Uber CEO Dara Khosrowshahi, Chief of the US Mission in Egypt Thomas Goldberger, and Investment Minister Sahar Nasr launched…
China eases restrictions on foreign ownership of securities ventures
Business

China eases restrictions on foreign ownership of securities ventures

China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some…
$15 billion worth of EU investments in Egypt: official
Business

$15 billion worth of EU investments in Egypt: official

Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU)…
Egypt receives largest UK trade delegation in two decades
Business

Egypt receives largest UK trade delegation in two decades

UK trade envoy to Egypt Jeffrey Donaldson arrived in Cairo on Saturday for a five-day visit, heading the largest British trade…
Largest textile city in Egypt to be established in Monufiya: minister
Egypt

Largest textile city in Egypt to be established in Monufiya: minister

Trade and Industry Minister Tarek Qabil announced plans for the construction of the largest textile and garment city in Egypt,…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt

Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Egypt’s central bank keeps interest rates unchanged
Economy

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister
Economy

Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister

Foreign direct investment in Egypt is expected to have risen to about $8.7 billion in the 2016-17 fiscal year that…
Govt attracts $6.8 bn in foreign investment
Business

Govt attracts $6.8 bn in foreign investment

During the period from January to April, the government managed to attract $6.8 billion in foreign investments, Sahar Nasr, Minister…
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