News / Investment

World Bank Approves USD 1.15 bn Loan for Egypt

The World Bank Group’s executive board approved on Tuesday, December 5, a USD 1.15 bn development policy loan for Egypt

Egypt to Keep Customs Exchange Rate at EGP 16 in December

Egypt will keep its customs exchange rate unchanged

Immigration Minister to Sponsor Nile Property Expo 2017

Immigration and Expatriate Affairs Minister Nabila Makram welcomed the invitation to sponsor and attend Nile Property Expo 2017

CBE Sets 1% ‘Entrance Fee’ on FX Investments Via Repatriation System

The Central Bank of Egypt (CBE) says it will placing a 1% “entrance fee” on fresh foreign currency portfolio investments that enter through the repatriation mechanism starting from Sunday, December 3

Tourist Influx in Egypt Rise 55% in Q3

The number of tourists coming to Egypt increased by 55% year-on-year in the third quarter of 2017, in keeping with an upward trend

Cityscape Egypt to Take Place in March

Cityscape Egypt will hold its seventh edition in Cairo from March 28-31, 2018

Citymax Opens Its 1st Hotel in Aswan

Citymax Hotels, the hospitality division of the Dubai-based Landmark Group, has made its debut in Aswan, Egypt with the soft opening of a four-star hotel

UK Embassy Launches GBP 2 mn Initiative for Egyptian Entrepreneurs

The British embassy in Cairo launches a new entrepreneurship initiative, with a GBP 2 mn grant, powered by Flat6Labs and in partnership with the International Finance Corporation

The MENA Startup Scene Lags Behind Europe & USA, But It Is Growing Fast

Forbes Middle East: The MENA startup scene lags behind Europe and the US, but It is growing fast. The region now has over 3,000 startups, and the UAE leads the pack as home to 42% of those companies, followed by Egypt with 12%.

Foreign Currency Inflows Reach USD 80 bn Since Float

Egypt’s banking system has witnessed foreign currency inflows worth USD 80 bn since the central bank floated the pound last year

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