News / Investment

Moody’s Changes Outlook on Egypt’s Ratings to Positive

Moody's Investors Service, a leading credit rating agency, has changed the outlook Egypt's long-term issuer ratings to positive from stable and has affirmed the B3 issuer ratings

UN-Habitat to Develop New Waterfront City in Egypt

The UN-Habitat Egypt has signed a contribution agreement with the New Urban Communities Authority (NUCA) and the Egyptian General Organization for Physical Planning (GOPP) to set a conceptual plan for the development of a waterfront city in Egypt's Northern Coast

IFC Invests USD 1.2 bn in Egypt in FY 2018

International Finance Corporation (IFC), a member of the World Bank Group, has invested  USD 1.2 bn in Egypt during the 2018 fiscal year (FY), which helped in creating jobs, developing local infrastructure, and consolidating the country’s economic growth

Work Begins on USD 2 bn Saudi Heritage Project

Saudi Arabia has started working on its mega heritage tourism project Souq Okaz City in Taif, at an estimated cost of more than USD 2 bn

Fidu to Invest USD 103.25 mn in UAE Real Estate Market

Chinese company Fidu Properties has announced real estate deals with Emaar Properties worth USD 103.25 mn

IKEA to Open Second Store in Egypt

The second IKEA store is set to come to West Cairo as MARAKEZ for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, recently signed a Memorandum of Understanding (MoU) with Al-Futtaim Misr for Retail to open the store at Mall of Arabia

CI Capital, Malaysian Bank Sign Brokerage Services Deal

Egypt’s CI Capital Holding, a diversified financial services group, signed on Sunday, June 24, an agreement with Malaysia-based Maybank Kim Eng to provide the latter’s clients with brokerage services,

Egypt Signs World Cup Sponsorship Deal with FIFA

The Egyptian government, represented by the Ministry of Investment and International Cooperation, has signed a sponsorship contract with FIFA to become an Official Regional Supporter of the 2018 FIFA World Cup Russia

EAEF’s Investments in Egypt Reach USD 130 mn

The Egyptian American Enterprise Fund (EAEF) reported that their investments in Egypt reached USD 130 mn as of the end of 2017

Egypt Top Destination in Africa for FDI: UNCTAD

Egypt ranked the first recipient of foreign direct investment (FDI) flows in Africa, recording nearly USD 7.4 bn in 2017

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