investment
Procter & Gamble injects US$50 mn in Egypt to manufacture masks and increase operations
Business
June 21, 2020
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
April 6, 2020
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
February 28, 2020
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
February 23, 2020
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
February 21, 2020
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
February 21, 2020
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
February 19, 2020
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
February 19, 2020
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
January 22, 2020
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…
SCZone, EBRD heads discuss investments in Suez Canal economic zone
Business
January 22, 2020
SCZone, EBRD heads discuss investments in Suez Canal economic zone
President of the General Authority for the Suez Canal Economic Zone (SCZone) Yahya Zaki met with the President of the…