News / Investment

MNHD Approves Odin’s Due Diligence on El Nasr Civil Works

Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.

EBRD Approves USD 12 mn Loan for Hyatt Regency Cairo West

The European Bank for Reconstruction and Development (EBRD) has approved the provision of a USD 12 mn (EGP 192 mn) long-term loan to bankroll the construction of the second Hyatt-branded hotel in Egypt, located in west Cairo's Pyramids Heights Business Park.

Carrefour Unveils New Stores to Expand Footprint in Egypt

Carrefour has opened its 53rd branch in Egypt, further anchoring its commitment to supporting the growth and development of the local community by offering various choices of quality products at affordable prices.

EBRD to Back NUCA Bond Program with Another EGP 1.5 bn

The European Bank for Reconstruction and Development (EBRD) will back the New Urban Communities Authority’s (NUCA) latest EGP 10 bn securitized bond issuance with EGP 1.5 bn investment.

GAFI Approves 30 New Projects for CPC Egypt

The General Authority for Investment and Free Zones (GAFI) has nodded the development of 30 new projects in the investment zone of CPC Egypt for Industrial Development, located in 6th of October City.

Egypt Secures USD 3.9 bn Finance From Afreximbank

The African Export-Import Bank (Afreximbank) has earmarked USD 3.9 bn (EGP 62.3 bn) for Egypt to mitigate COVID-19 fallout and stimulate trade with the rest of the continent.

EIB Nods EUR 1.9 bn Loan for Egypt’s Public Transport, SMEs

The European Investment Bank (EIB) has agreed to provide EUR 1.9 bn (EGP 34.7 bn) in financing to support the development of Egypt's public transportation and back investment by COVID-hit companies, namely small- and medium-sized enterprises (SMEs).

Complex Legalities Hurdle Private Healthcare Investments: Experts

Legislative complexities stand as one of the major hurdles for Egypt's healthcare sector, investors and industry players revealed in a third webinar hosted on July 19 by the British Egyptian Business Association (BEBA).

IsDB Provides USD 16.6 bn to Finance 395 Egyptian Projects

The Islamic Development Bank (IsDB) has pumped USD 12.8 bn (EGP 204.2 bn) worth of investments into 338 different projects across Egypt, while currently working on 57 others with around USD 3.8 bn (EGP 60.6 bn).

Egypt Leads MENA in Property Investment in 2019: Dhaman

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has uncovered that three MENA counties managed to solely move the needle on property investment in 2019, led by Egypt by a significant margin at USD 7.1 bn (EGP 113.7 bn).

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