investment
Saudi Arabia vows retaliation if punished over missing critic
Middle East
October 15, 2018
Saudi Arabia vows retaliation if punished over missing critic
Saudi Arabia warned it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal…
World Bank praises Egypt’s economic reform at Bali meeting
Economy
October 12, 2018
World Bank praises Egypt’s economic reform at Bali meeting
President of the World Bank Jim Kim presented on Friday the success stories of economic reform in four countries,…
French companies to increase investment in Egypt
Business
September 12, 2018
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
September 7, 2018
$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
September 3, 2018
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
August 16, 2018
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
August 15, 2018
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
August 14, 2018
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
August 7, 2018
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
August 6, 2018
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…