investment

Egypt projects LE100 billion investments in industry by 2020
Business

Egypt projects LE100 billion investments in industry by 2020

Egypt’s Industry Ministry on Saturday declared its strategy to promote industrial development and foreign trade, targeting to double the rate…
Google Capital is now an investor in Snapchat
Science

Google Capital is now an investor in Snapchat

Google's parent company now owns a piece of Snapchat. Google Capital, one of Alphabet's two venture capital arms, quietly added…
Sisi meets US trade delegation, highlights quality Egyptian exports
Egypt

Sisi meets US trade delegation, highlights quality Egyptian exports

President Abdel Fattah al-Sisi met on Monday with a US business delegation on a visit to Cairo, seeking to assert…
Delegation of 50 US companies in Egypt to tackle investment opportunities
Business

Delegation of 50 US companies in Egypt to tackle investment opportunities

A delegation composed of representatives of 50 US companies, headed by Senior Advisor to the Secretary of State David Thorne,…
Egypt to send new investment law to cabinet next month
Egypt

Egypt to send new investment law to cabinet next month

A draft of a new investment law will be sent to the Egyptian cabinet next month, Investment Minister Dalia Khorshid…
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
Business

Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund

Saudi Arabia and Japan's SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100…
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
Business

Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report

In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…
IMF announces three-year $12 bln funding deal with Egypt
Egypt

IMF announces three-year $12 bln funding deal with Egypt

The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Egypt for a $12 billion…
MPs refuse to consider bill offering citizenship in return for dollars
Egypt

MPs refuse to consider bill offering citizenship in return for dollars

Seventy MPs have announced their outright rejection of a bill submitted to parliament by MP Mahmoud Attia granting Egyptian nationality…
Net foreign direct investment up by 13.7%: Investment Ministry
Business

Net foreign direct investment up by 13.7%: Investment Ministry

The Investment Ministry has released figures suggesting a net increase in foreign direct investment (FDI) in Egypt during the 2015-2016…
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