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Invest
Volume of US investments in Egypt increases by 19.8% in FY2020/21
The value of US investments in Egypt increased to $9.2bn in FY2020/21, compared to the previous FY’s $7.7bn — an increase of 19.8% according to Data from the Central Agency for Public Mobilisation and…
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First edition of ‘Our Country’s Industry’ exhibit kicks off on Sunday
The first edition of the Senaat Baladna (“Our Country’s Industry”) exhibition will be held under the patronage of Prime Minister Mostafa Madbouly at the Egypt International Exhibition Centre in New…
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Qatar in talks to invest USD 2-3 bn in Egypt
Qatari officials have discussed investing USD 2-3 bn in the local market in talks with the Madbouly government, Finance Minister Mohamed Maait told reporters on the sidelines of Amcham’s annual…
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Majid Al-Futtaim opens Global Solutions headquarters in City Centre Almaza
Majid Al-Futtaim — the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia — opened the doors to its Global Solutions headquarters at City Centre…
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Abu Qir Fertilizers to launch company for EGP 1.2bn ammonia plant
The board of Abu Qir Fertilizers has approved to proceed with the establishment of a company that will manage an ammonia plant planned to be launched on the land area, owned by the Egyptian General…
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EFG Hermes unit invests EUR 222 mn so far in Spanish solar firm
EFG Hermes’ energy investment platform Vortex Energy has so far invested EUR 222 mn of equity capital into Ignis Energia, Vortex said in a press release.
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Sukuk used to attract new segments of investors; Finmin
Egypt’s vision to diversify financial resources and tools had proven to be correct, Finance Minister Mohamed Maait said.
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UAE to assign $10 bln for investments in Egypt, Jordan
The UAE’s government announced on Sunday that it is allocating an investment fund of $10 billion for joint projects with Egypt and Jordan as part of a newly launched partnership industrial initiative…
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Egypt announces plans to sell off state assets, boost private investment
Prime Minister Moustafa Madbouly outlined the government’s plans to privatize state-owned assets and increase the private sector’s role in the economy yesterday in a wide-ranging address that…
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Egypt’s ICT digs into global investment with tech mega STMicroelectronics
Egypt’s Minister of Communication and Information Technology Amr Talaat has received on Saturday STMicroelectronics’ executive vice president Ricardo De Sa Earp to discuss the company’s investment…
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