investment

Egypt top recipient of foreign direct investment in Africa in 2019
Economy

Egypt top recipient of foreign direct investment in Africa in 2019

The Information Center of the Egyptian Cabinet published an infographic showing that Egypt ranked first in Africa in attracting foreign…
Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations
Business

Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations

The Procter & Gamble company announced Sunday that it will inject US$50 million in Egypt to establish a new production…
UAE agriculture tech start-up secures US$120 million investment commitment
Middle East

UAE agriculture tech start-up secures US$120 million investment commitment

DUBAI (Reuters) – United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised US$20.6 million in fresh funding…
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
Economy

EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn

Egypt’s EGAS has plans to drill 10 wells in the Nile Delta and the Mediterranean, with investments totaling $US 328…
ALEXBANK, EBRD sign $50 million loan agreement
Business

ALEXBANK, EBRD sign $50 million loan agreement

ALEXBANK and the European Bank for Reconstruction and Development (EBRD) signed a $50 million loan agreement on Sunday financing small…
Saudi-Egyptian partnership for hotel management launched at $US 450 mn
Business

Saudi-Egyptian partnership for hotel management launched at $US 450 mn

The Saudi Hospitality Development Group, which represents Swiss International in the Middle East, has signed an exclusive contract valued at…
Egypt begins construction of 250-megawatt wind power plant in Jabal al-Zeit
Business

Egypt begins construction of 250-megawatt wind power plant in Jabal al-Zeit

Electricity Minister Mohamed Shaker was among officials at an event on Thursday celebrating the start of construction on a new…
Dubai and Saudi based companies invest in Egypt’s new Magdi Yacoub Heart Center
Business

Dubai and Saudi based companies invest in Egypt’s new Magdi Yacoub Heart Center

Several companies based in the United Arab Emirates and Saudi Arabia announced on Tuesday that they will invest in the…
Ministers discuss settling faltering investor debts and automating customs in Egypt
Egypt

Ministers discuss settling faltering investor debts and automating customs in Egypt

During an economic ministerial meeting on Tuesday, Prime Minister Mostafa Madbouly discussed with CBE Governor Tarek Amer, Finance Minister Mohamed Maait…
Egypt among top 10 emerging economies: Minister
Business

Egypt among top 10 emerging economies: Minister

Egypt’s Minister of Planning and Economic Development Hala al-Saeed said on Tuesday that Egypt is among the top ten emerging…
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