Egypt in Talks With WB for USD 200 mn Loan

• Monday, 22nd May 2017
• by Nayrouz Talaat

The government is currently in talks with the World Bank to receive a EGP 200 mn loan aiming to finance labor-intensive projects nationwide, Invest-Gate reports.

PM Sets May 30 as Deadline for Reclaiming Stolen Lands

• Monday, 22nd May 2017
• by Menna A. Farouk

Egypt’s Prime Minister Sherif Ismail is calling on governors to conclude the process of reclaiming state-owned lands illegally appropriated on behalf of private parties by May 30, Invest-Gate reports.

GAFI Says 370 Firms Established in Third Week of May

• Monday, 22nd May 2017
• by Nayrouz Talaat

A total of 370 new companies have been established during the third week of May with investments worth EGP 580.4 mn, Invest-Gate reports.

Egypt To Inject More Investments in Startup Incubators, Risk Management Funds

• Sunday, 21st May 2017
• by Nayrouz Talaat

The government is to inject more investments in startup incubators and risk management funds in order to lend more support to small- and medium-sized enterprises, Invest-Gate reports.

Belarus Delegation Due in Cairo Soon to Scout Investment Opportunities in New Administrative Capital

• Thursday, 18th May 2017
• by Fatma Khaled

A Belarus delegation is expected to visit Egypt soon in order to scout investment opportunities in the New Administrative Capital, Invest-Gate reports.

Egypt, Kuwait Ink KWD 12.5-mn loan For Al-Arish Infrastructure

• Wednesday, 17th May 2017
• by Nayrouz Talaat

Egypt and the Kuwait Fund for Arab Economic Development (KFAED) sign a KWD 12.5-mn loan agreement to finance water access project in Al-Arish, North Sinai, Invest-Gate reports.

Mameesh: SCZone Eyes Attracting Several Industries

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Chairman of the General Authority for the Suez Canal Economic Zone, Mohab Mameesh, says that the Suez Canal Development Project seeks to attract several industries, including automotive, electronics, ship repair, textiles, furniture and pharmaceuticals, Invest-Gate reports.

Egypt Inks Deal with Saudi alfanar for 50 MW Solar PV Plant

• Monday, 15th May 2017
• by Menna A. Farouk

The Egyptian Electricity Transmission Company (EETC) has signed a Power Purchase Agreement (PPA) with Saudi Arabia’s alfanar Energy for 50 megawatt (MW) PV plant under feed-in-tariff program in Egypt, Saudi Gazette reports.

HDB’s Standalone Profit Rises in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt's Housing and Development Bank standalone net profit after tax accounts for EGP 349 mn in Q1 of 2017 compared to EGP 218 mn a year ago, Invest-Gate reports.

IMF Reaches Staff-Level Deal With Egypt to Unlock USD 1.25 bn

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt is reaching a staff-level agreement with the IMF that would help unlock the second tranche of a USD 12 bn loan to the Arab country, Invest-Gate reports.