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.

Moody’s Affirms Egypt’s Ratings 

• Monday, 21st August 2017
• by Menna A. Farouk

Moody's Investors Service affirms the Egyptian government's ratings, Invest-Gate reports.

Construction Works at Grand Egyptian Museum Reach 70%

• Monday, 21st August 2017
• by Menna A. Farouk

Construction works at the Grand Egyptian Museum project are 70% completed, Invest-Gate reports.

Nasr: Approved New Law to Lure More Investments

• Sunday, 20th August 2017
• by Menna A. Farouk

Investment and International Cooperation Minister Sahar Nasr says executive regulations to the new investment law aim to attract more investments to the country by providing the suitable climate, Invest-Gate reports.

Egypt, AFDB Discuss Program to Support Infrastructure Projects

• Sunday, 20th August 2017
• by Menna A. Farouk

The Egyptian government is in discussions with the African Development Bank (AFDB) for a program worth USD 3 bn planned for 2015-2019, aiming to support Egypt's infrastructure projects, Invest-Gate reports.