investment

French companies to increase investment in Egypt
Business

French companies to increase investment in Egypt

  A number of French companies have announced that they will increase investment in Egypt, in a meeting with Investment…
$26 bn of investment in Egypt free zones by July: minister
Business

$26 bn of investment in Egypt free zones by July: minister

  Total investment in Egypt’s capital-incentivising “free zones” reached US$26 billion by the end of July, according to Investment and…
Egypt, China sign 3 contracts at $1 bn investment
Business

Egypt, China sign 3 contracts at $1 bn investment

  On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed on Sunday evening with…
Egypt is now a ‘haven’ for debt investors: Bloomberg
Business

Egypt is now a ‘haven’ for debt investors: Bloomberg

Egypt has turned into a “haven” for debt investors in the region in the period since it floated its pound…
East Port Said receives €70m in German investments
Egypt

East Port Said receives €70m in German investments

The East Port Said Development company (EPSD) has signed two agreements on Tuesday worth €70 million of investments with local…
Egypt, China agree on $45 mn grant to construct ‘EgyptSat2’
Egypt

Egypt, China agree on $45 mn grant to construct ‘EgyptSat2’

  Investment and International Cooperation Minister Sahar Nasr signed an agreement with China’s ambassador to Cairo, Song Aiguo for a…
Egypt rated ‘B’ by global credit agency, with ‘positive outlook’
Business

Egypt rated ‘B’ by global credit agency, with ‘positive outlook’

Fitch Ratings, a globally-recognized credit rating agency, has reaffirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “B”, while maintaining…
Egypt’s Endowments Ministry launches investment fund at LE3 bn
Egypt

Egypt’s Endowments Ministry launches investment fund at LE3 bn

  Endowments Minister Mohamed Mokhtar Gomaa on Sunday announced the launch of the “Endowments Investment Fund” with a capital of…
Egypt’s budget deficit falls to less than 10 percent for the first time since 2011: minister
Business

Egypt’s budget deficit falls to less than 10 percent for the first time since 2011: minister

Egypt’s budget deficit fell to less than 10 percent for the first time since 2011, according to Finance Minister Mohamed…
Cairo named most attractive city to investors in Africa: UN report
Egypt

Cairo named most attractive city to investors in Africa: UN report

Cairo is ranked the most attractive city to investors in Africa, snatching the 64th position globally, in a report released by…
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