News / Investment

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

Jumeirah at Saadiyat Island Resort to Open Doors In November

Dubai-based hospitality giant Jumeirah, a member of Dubai Holding, is set to open doors to its Abu Dhabi's new luxurious beachfront resort, Jumeirah at Saadiyat Island Resort on November 11

“Hyde Park Gardens” In London Offered To GCC Homebuyers

As this rarely happens, the British real estate agency, Kay & Co., currently offers the exclusive luxury -over- USD 20mn- Hyde Park Gardens apartments in London are currently offered to GCC homebuyers

UAE Sees Decline in Rental & Sales Rates

UAE has witnessed a decline in the villa and apartment sales and rental rates in the first quarter of 2018

Egypt, Russia to Sign Deal for USD 7 bn Industrial Zone

Egypt and Russia are set to ink an intergovernmental agreement on Wednesday, May 23, to establish an industrial zone in the East Port Said region, aiming to attract USD 7 bn worth of investments

IMF, Egypt Reach Staff-Level Agreement on Next Loan Disbursement

The International Monetary Fund (IMF) staff team and the Egyptian officials have reached a staff-level agreement on the third review of Egypt’s economic reform program

EFG Hermes Unveils USD 300 mn Education Platform in Egypt

Egyptian investment bank EFG Hermes has entered into an exclusive partnership agreement with Global Education Management Systems (GEMS Education) to jointly establish an investment platform worth USD 300 mn, targeting the basic education sector in Egypt

Air Arabia Launches Direct Flights (Alexandria – Milan)

Air Arabia has launched their direct flights between Alexandria, Egypt and Milan, Italy on May 8

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