Omar Abdullah Developments (OAD) has launched NAMMA, one of the largest integrated service complexes in 6th of October City, Invest-Gate reports.

The National Bank of Kuwait (NBK) has recently found that the Egyptian economy’s performance promises hopeful prospects, as the worst repercussions of the novel COVID-19 crisis wears off.

Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.

Results of a recent HSBC poll show that almost nine in 10 (89%) Egyptian businesses forecast revenue growth in 2021, whereas 83% foresee their bottom lines to bounce back to pre-Coronavirus levels by the end of 2022.

US-based news agency Bloomberg has reported that Egypt’s recovery from the ordeal of the ongoing Coronavirus hit turned it into one of the world's 10 fastest growing economies in 2020, thanks to the economic reform program.

The nation's biggest Economic Summit is back for a second run on December 2 at St. Regis Cairo, under the auspices of Prime Minister Mostafa Madbouly, starring more than 20 keynote speakers and influential leaders in the public and private sectors to discuss key opportunities in Egypt amid the continued outbreak.

The Egyptian Junior Business Association (EJB) has uncovered that Egypt has seen a substantial number of tourist arrivals in the recent period, despite the ongoing COVID-19 crisis, with almost 300,000 visitors checking in the country since July.

Abu Dhabi Tourism Investment Company (ADTIC), a subsidiary of the Abu Dhabi Fund for Development (ADFD), has uncovered a major refurbishment project for its hotels in Egypt, aiming for completion in H2 2021.

The Banker, a sister publication of the Financial Times, granted the New Urban Communities Authority's (NUCA) EGP 4 bn bond issuance the “Deal of the Year 2020 - Africa” award.

The US-China trade agreement has contributed to the extension of USD 490 mn (EGP 7.85 bn) worth of foreign investments to Egypt in a single day.