News / Investment

NUCA, Marriott Int’l Ink MoU for 2 Hotels in New Al-Alamein

The New Urban Communities Authority (NUCA) and the multinational hospitality company Marriott International have signed a memorandum of understanding (MoU) to manage and operate two hotels in New Al-Alamein

Egypt’s Core Inflation Declines to 19.86% in December 2017

Egypt's core inflation decreased year-on-year in December 2017

Egypt Tourism Revenues Rise 123.5% to USD 7.6 bn in 2017

Egypt’s tourism revenues increased 123.5% year-on-year to USD 7.6 bn in 2017

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

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