News / Investment

Gov’t Earmarks EGP 2.48 mn Investments to New Valley in FY 2018/19

The value of the Egyptian government's earmarked investments in the New Valley is estimated at EGP 2.48 mn in the FY 2018/19, Planning Minister Hala El-Saeed stated on November 12, underlining the province's promising investment opportunities and massive competitive capabilities

Dubai is Set to Become “Global Yachting Capital”

Dubai-based conglomerate Meraas, in partnership with global investment company Dubai Holding, signed an agreement with D-Marin, operator of the largest chain of marinas in the Eastern Mediterranean, to establish Dubai as a global capital for luxury yacht marinas

Bank Audi, EBRD Earmark USD 200 mn for Green Projects in Lebanon

The European Bank for Reconstruction and Development (EBRD) and Bank Audi are joining forces to finance USD 100 mn each for funding potential Lebanese green projects

AfDB Invested USD 2.8 bn in 30 Egyptian-Based Projects Since 2016: President

The African Development Bank Group's (AfDB) President Akinwumi Adesin said the bank has invested up to USD 2.8 bn in 30 Egyptian-based projects since the country kicked off its economic reform program in 2016

Egypt-Kuwait Bilateral Trade Hits USD 1.74 bn in 2017: Minister

Egyptian Trade Minister Amr Nassar has revealed that Kuwait is Egypt's third top trade partner, right after the UAE and Saudi Arabia, with bilateral trade hitting USD 1.74 bn in 2017, of which non-oil goods made up USD 363 mn

Modus Capital Launches its First Operations Branch in Egypt

New York-based Modus Capital, an entrepreneurial development and investment fund, officially launched its operations branch in Egypt on November 7

Al Ahly Launches 1st Phase of “The Ridge” With EGP 2.5 bn Investments

Egypt-based Al Ahly for Real Estate Development has announced the launch of the first phase of "The Ridge," its latest villa-only community in Mostakbal City with total investments of EGP 2.5 bn and is expected to be delivered in 2023

Emaar Development Releases Last Units in Dubai’s Arabian Ranches II

UAE-based Emaar Development has launched the new Camelia townhouses in its gated community Arabian Ranches II in Dubai as a property ideal for families and investors seeking long-term returns

Mariout Hills Developments Invests EGP 500 mn in New Alamein

Mariout Hills Developments, a subsidiary of Mariout Hills Group, has revealed that the company had injected initial investments worth EGP 500 mn in New Alamein city, intending to expand into new cities in the near future

HDRIC Pumps EGP 700 mn in 6th of October City’s Tala Compound

Housing and Development Real Estate Investment (HDRIC), one of Housing and Development Bank’s (HDB's) companies, has pumped investments of EGP 700 mn in "Tala" project in 6th of October City, intending to deliver the residential compound by mid-2020

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