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Foreign investments in Egypt’s debt instruments increased to $26 billion as the market started to recover from the coronavirus (COVID-19) crisis, Minister Mohamed Maait told Al Arabiya and CNBC in…
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Egypt revealed new tax incentives included in the micro-, small- and medium-sized enterprise (MSME) development law, according to Minister of Finance, Mohamed Maait.
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Egypt’s factories in Mekelle, the capital city of Tigray region in north Ethiopia, with total investments of $10 million, are at risk and may suffer huge losses due to the ongoing civil war in the…
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Suez Canal Economic Zone (SCZone) worked in 2020 on a study that aims at attracting new investments to the zone according to the 2020-25 vision that targets certain industrial sectors, according to…
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The International Monetary Fund (IMF) raised its growth expectations for Egypt’s economy to 2.8 percent in the current fiscal year (FY) 2020/21, despite the coronavirus pandemic.
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Egypt’s non-oil private sector recovery stalled again in December as covid-19 cases climbed steadily throughout the month, causing muted consumer demand, according to IHS Markit’s purchasing manager’s…
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Egyptian government plans to borrow EGP 647.5bn from the local market through issuing treasury bills (T-bills) and bonds during the third quarter of FY20/21, according to a government document…
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Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected 3.7 billion Egyptian pounds into 124,000 MSMEs with during the first 11 months of 2020.
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Canada’s Endeavour Mining, 24.12 percent owned by the Sawiris family, has increased its stake to 80 percent in the Fetekro Project in Côte d’Ivoire, compared to 65 percent currently.
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The Egyptian Ministry of Housing, Utilities, and Urban Communities built about 103,000 residential units at a total cost of 23.46 billion Egyptian pounds in 2020.
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