News / Investment

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

Egypt, IMF Reach Agreement to Disperse USD 2 bn Loan Installment

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

SCZone Inks Deals for USD 40 bn Projects

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

Over 1950 Investors Bidding for Textile City in Egypt

More than 1950 investors are bidding to buy lands at Badr City's Textile City

Egyptian Steel Announces Opening of New Plant in SCZone

A new Egyptian Steel plant is to be open in the SCZone during the upcoming month, according to its CEO, Ahmed Abou Hashima

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