News / Investment

Egypt’s Petroleum Minister, GASCEZ Chairman Tour DP World Sokhna

Minister of Petroleum Tarek El-Molla and Chairman of the General Authority for Suez Canal Economic Zone (GASCEZ) Mohab Mamish recently toured DP World Sokhna

GAFI Approves Establishing 3 New Investment Zones

The General Authority for Investment and Free Zones (GAFI) approved the establishment of three investment zones in Cairo, Qalyubia, and 6th of October City

Uber Inaugurates Cairo Service Center with USD 20 bn Investments

Minister of Investment and International Cooperation Sahar Nasr inaugurated on Tuesday the new service center of the tech-enabled ride-sharing service Uber

Minister Nasr Discusses Investment Opportunities in South Sinai

Minister of Investment and International Cooperation discussed with South Sinai’s senior official means of boosting investment opportunities in the governorate

Egypt Jumps 15 Places in Global Competitiveness Index

Egypt's ranking rose in the World Economic Forum's Global Competitiveness Report for 2017-2018

CI Capital to Acquire Majority Stake in Reefy

CI Capital Holding, an Egyptian financial services group, announced that it reached an agreement in principle with Gemini Egypt Holding for Financial Investments to acquire Gemini’s majority stake in microfinance provider, Reefy

CBE Raises Reserve Requirement on Deposits to 14%

The Central Bank of Egypt (CBE) said it will increase the reserve requirement on deposits to 14% from 10% for local banks

Egypt, Armenia Sign 7 Agreements To Boost Trade

Egypt and Armenia signed seven agreements on the sidelines of the fifth session of the Egyptian-Armenian joint cooperation committee, held in the Armenian capital Yerevan

Int’l Companies to Operate in Ain Sokhna Early 2018

A total of 21 international companies will begin operating in the Ain Sokhna industrial zone in January 2018

BADEA Grants USD 50 mn Credit Line to Egypt

The Arab Bank for Economic Development in Africa (BADEA) agreed on September 27 to grant Egypt a line of credit (LOC) during its BoD meeting in Khartoum

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