Egypt FDI Rises By 27.5% in FY2016-17

• Tuesday, 5th September 2017
• by Farah Montasser

Egypt saw a significant rise in its foreign direct investment (FDI) during FY2016-17

Saudi Prince Eyes Investments in Egypt

• Tuesday, 29th August 2017
• by Farah Montasser

Egyptian Minister of Investment and International Cooperation Sahar Nasr meets Saudi Arabia’s Prince Khaled bin Talal bin Abdulaziz Al Saud to discuss investment opportunities

Two Saudi Investors Mull USD 2.15 bn Investments in Egypt

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt is discussing with two leading Saudi firms possible business opportunities

Egypt To Lower Customs Exchange Rate To EGP 16 For September

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt will lower its customs exchange rate to EGP16 per USD from 16.25, effective September 1, Finance Minister Amr El-Garhy told Reuters

Egypt’s Housing and Development Bank Q2 Consol Profit Rises

• Tuesday, 29th August 2017
• by Farah Montasser

Cairo-based Housing and Development Bank announces a rise in its consol net profit at EGP 259.1 mn during the second quarter of 2017, compared to EGP 222.7 mn at the same time last year

Singapore Cooperates With Egyptian Gov’t to Develop SCZone

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt and Singapore agree on a mutual co-operation in upgrading ports, shipbuilding and growing investment in the SCzone

New Administrative Capital’s Units launched This September

• Sunday, 27th August 2017
• by Farah Montasser

The government is to launch the sale of villas and apartments at the New Administrative Capital beginning of September and right after the Adha Feast holiday

Egypt targets 5% GDP growth by end of 2017-18

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Egypt expects its gross domestic product to grow by 5% by the end of FY2017-18,  Invest-Gate reports.

Investment Zones to be Established in South Sinai, Kafr El-Sheikh, Sharm El-Sheikh, and Qalyubia

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The government okays the establishment of three free investment zones in South Sinai, Kafr El-Sheikh, Sharm El-Sheikh and Qalyubia, Invest-Gate reports.

Egypt Gets USD 116 mn from EBRD to Build Two Power Plants 

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The European Bank for Reconstruction and Development (EBRD) and Proparco grant Egypt a loan worth USD 116 mn to build two power plants, Invest-Gate reports.