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
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%.
Egypt’s banking system has witnessed foreign currency inflows worth USD 80 bn since the central bank floated the pound last year
Egypt and the International Monetary Fund (IMF) have reached a staff-level agreement on disbursing the USD 2 bn tranche of its USD 12 bn Extended Fund Facility
The Suez Canal Economic Zone (SCZone) signed on November 7 contracts for new projects worth USD 40 bn of investments with local and international companies
More than 1950 investors are bidding to buy lands at Badr City's Textile City
A new Egyptian Steel plant is to be open in the SCZone during the upcoming month, according to its CEO, Ahmed Abou Hashima
German government-owned development bank KfW has provided financing valued at EUR 1.8 bn for projects currently being implement in Egypt
Minister of Investment and International Cooperation Sahar Nasr has met with Director of the United Nations Development Program (UNDP) in Egypt Randa Aboul-Hosn to tackle the measures issued within the framework of the new UN strategy in the country
Egypt has recorded its highest levels of foreign reserves in its history at the end of October 2017
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