News / Investment

Egypt’s Economy to Expand Amid Ongoing Reforms – World Bank

Egypt’s economy is expected to expand as a result of the ongoing reforms and improved business climate provide further growth in industrial activity

Egypt’s Parliament Preliminarily Approves Bankruptcy Law

The Egyptian parliament gave a preliminary approval on Tuesday to a law governing debt restructuring, preventive composition, and bankruptcy

Saudi ACWA Power Signs USD 190 mn Deal to Develop 3 Solar Plants in Aswan

Saudi developer ACWA Power has reached financial close with the Egyptian government for the development, construction, and operation of three photovoltaic projects worth USD 190 mn and set for peak total output of 165.5 megawatts peak at the Benban complex in Upper Egypt's Aswan

L&T Construction to Build High Voltage Substation in Ain Sokhna

India's construction company L&T Construction, the construction arm of Larsen & Toubro, has won a project in Egypt

Egypt’s Foreign Reserves Rose to USD 37.019 bn at End-December

Egypt’s net foreign reserves increased year-on-year at the end of December 2017

Egypt, EBRD Ink USD 200 mn Energy Efficiency Deal

Minister of Investment and International Cooperation Sahar Nasr has signed a USD 200 mn investment agreement with the European Bank for Reconstruction and Development (EBRD)

Foreign Contributions to Egypt’s Bourse Reaches USD 414 mn in 2017

Net foreign contributions to the Egyptian stock market has reached EGP 7.4 bn (USD 414 mn) this year

Pioneers Holding to List 40% of Rooya Stake on Egypt Bourse

Egypt's financial services firm, Pioneers Holding, will list 40% of its shares in Rooya Real Estate on the Egyptian stock market in the first half of 2018

Russia, Egypt Sign Aviation Safety Deal in Aims to Resume Flights

Russia and Egypt have signed a cooperation agreement on civil aviation security in a move to resume regular Russian flights to Cairo

Egypt’s Current Account Deficit Narrows by 65.7% in Q1

Egypt’s current account deficit has narrowed by 65.7% year-on-year in the first quarter of FY2017-18

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