WB Team to Visit Egypt Aug 20 for Loan Discussions

• Wednesday, 16th August 2017
• by Menna A. Farouk

A World Bank delegation is to visit Egypt on August 20-24 to reimburse the third tranche of a loan that aims at supporting Egypt's social and economic development program, Invest-Gate reports.

HDB Posts H1 Profits of EGP 599.2 mn

• Wednesday, 16th August 2017
• by Menna A. Farouk

Egypt's Housing and Development Bank (HDB) posts a rise in its standalone profits during the first half of 2017, Invest-Gate reports.

Units in New Administrative Capital to Go Up for Sale in Week

• Monday, 14th August 2017
• by Menna A. Farouk

The government is launching an advertising campaign to promote the sale of housing units in the New Administrative Capital, Invest-Gate reports.

Egypt Decreases Period To Obtain Industrial License

• Monday, 14th August 2017
• by Menna A. Farouk

The Egyptian government announces executive regulations for a new industrial licensing law to decrease the waiting time for new projects, Reuters reports.

Sisi Approves Joint Company Between DP World, SCZone Authority

• Sunday, 13th August 2017
• by Menna A. Farouk

Egyptian President Abdel-Fattah El Sisi is agreeing to establish a joint firm to carry out development projects in the Suez Canal Economic Zone, Egynews reports.

President Sisi Approves Social, Economic Development Plan for FY17/18 

• Thursday, 10th August 2017
• by Menna A. Farouk

Egyptian President Abdel Fattah El Sisi ratifies the social and economic development plan for the fiscal year 2017/2018, Invest-Gate reports.

Egypt Ranks Second Fastest Growing Tourism Market Globally

• Wednesday, 9th August 2017
• by Farah Montasser

Egypt ranks the world’s second fastest growing tourist destinations in 2017, Invest-Gate reports

Draft for New Investment Law Executive Regulations Approved

• Tuesday, 8th August 2017
• by Menna A. Farouk

Egypt's economic group approves the draft of the new Investment Law executive regulations, a much-anticipated decision by both local and foreign investors, Invest-gate reports. 

Egypt, EBRD to Sign Private Sector Funding Deal Worth USD 60 mn Next Week

• Monday, 7th August 2017
• by Menna A. Farouk

Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a USD 60 mn agreement next week to finance private projects, Invest-Gate reports.

Deal to Clear Dabaa Land Plot of Landmines

• Monday, 7th August 2017
• by Menna A. Farouk

Minister of Investment and International Co-operation Sahar Nasr signs a protocol of cooperation with Minister of Electricity Mohamed Shaker to clear a plot of land, dedicated to the nuclear power plant in Dabaa, of landmines at a total cost of EGP 2 mn, Invest-Gate reports.