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Qatar discusses buying state-held stakes in Vodafone Egypt, other firms for $2.5 billion
Qatar Investment Authority (QIA) is in talks to acquire 20 percent in Vodafone Egypt from Telecom Egypt company with $2.5 billion well as other state-held stakes in unlisted companies, sources close…
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Bayer to invest EGP 240 m in a drug production hub in Egypt
Bayer — a global life science company — is celebrating the announcement of its partnership with an Egyptian pharmaceutical company to establish a drug production hub for over the counter (OTC)…
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Egypt, Ghana reach 1st commercial deal under the umbrella of AfCFTA
Minister of Trade and Industry Ahmed Samir said that the initiative to implement the first commercial deal exporting food products from Egypt to Ghana falls within the framework of the African…
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Saudi Egyptian Investment Company acquires 34% of B.TECH
The Saudi Egyptian Investment Company - a subsidiary of the Saudi Public Investment Fund - acquired 34 percent of the Egyptian Retail Chain Company, B.TECH, for $150 million.
B.TECH is one of the…
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More public-private-sector partnerships needed for green development in Africa: Mohieldin
The UN Climate Change High Level Champion for Egypt Mahmoud Mohieldin has recently said that more public and private sectors partnerships (PPPs) are needed to achieve green economic and social…
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Egypt’s net FDI inflows hit $7.3bn in 2 years
Egypt’s net foreign direct investment (FDI) inflows surged by 53% to $7.30 billion during the July 2020-March 2022 period, Akhbar Elyom cited Mohamed Abdel Wahab, CEO of the General Authority for…
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High-level Spanish delegation to visit Cairo for new trade, investment opportunities
A High-level Spanish business delegation will be visiting Egypt by the end of this month as the Egypt-Spain Multilateral Partnership Forum.
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Egypt seeks to gain $6 billion by June from sale of state firms
Egypt seeks to raise up to $6 billion before the middle of next year by selling stakes in state-owned firms, the country’s Planning Minister Hala al-Saeed said.
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Maersk Plans to Invest $15 Billion in Egypt to produce green fuel for ships
Egypt’s President Abdel Fattah Al-Sisi received, on Monday, CEO of Maersk Soren Seko to discuss a project to produce clean fuel for ships in Egypt with $15bn investment, which will provide more than…
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Lebanon has $1.20bn worth of investments in Egypt – Minister
anon is ranked 13th in terms of the largest countries investing in Egypt, with investments in the Arab world’s most populous nation worth $1.2 billion, the Middle East News Agency (MENA) cited Egypt’s…
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