Fitch: Egypt’s Budget, Fuel Subsidies Cut Show Fiscal Commitment

• Monday, 24th July 2017
• by Yasmin El-Beih

Fitch Ratings states Egypt’s new budget, alongside lower electricity and fuel subsidies demonstrate continued commitment to fiscal consolidation and economic reform, backed by the country's IMF program, Invest-Gate reports.

ADFD Finances Projects Worth USD 1.08 bn in Egypt

• Monday, 24th July 2017
• by Yasmin El-Beih

The Abu Dhabi Fund for Development (ADFD) has provided Egypt with grants and concessionary loans worth AED 4 bn (USD 1.08 bn) to carry out 64 development projects in the country, Invest-Gate reports.

Cairo Hosts Smart City Dubai Challenge Saturday

• Thursday, 20th July 2017
• by Menna A. Farouk

Cairo will host Startupbootcamp, one of the global entrepreneurial competitions, next Saturday to select the best Egyptian tech-enabled startups helping build communities based on the 'smart cities' concept, Invest-Gate reports.

Spain Eyes More Investments in Egypt

• Thursday, 6th July 2017
• by Menna A. Farouk

A group of Spanish investors are willing to increase their investments in Egypt amid improving investment climate, Invest-Gate reports.

Gov’t to Form Panel to Solve Problems Facing Free Zones

• Tuesday, 4th July 2017
• by Menna A. Farouk

The government is to form a committee to solve problems facing free zones across all governorates, Invest-Gate reports.

Sheraton Reopens Cairo Hotel in Innovative Style

• Monday, 3rd July 2017
• by Menna A. Farouk

Sheraton Hotels & Resorts, a subsidiary of Marriott International, announces the reopening of a hotel in Cairo, Invest-Gate reports.

Egypt Attracts USD 9.8 bn in Foreign Investment in Debt Instruments in FY2016/17

• Monday, 3rd July 2017
• by Menna A. Farouk

Egypt attracted an almost nine-fold increase in foreign investment in domestic debt instruments in FY2016-17,  Reuters reports.

UNDP to Establish New Investment Fund in Egypt

• Thursday, 22nd June 2017
• by Menna A. Farouk

Egypt and the United Nation Development Program (UNDP) sign an agreement to establish a new UNDP investment fund in the country, Invest-Gate reports.

Egypt Injects First Tranche of WB Loan into Developing Upper Egypt

• Tuesday, 13th June 2017
• by Nayrouz Talaat

Egypt is injecting the first tranche of the World Bank loan worth USD 125 mn into upgrading Upper Egypt in accordance with President Abdel Fattah El Sisi’s directives, Invest-Gate reports.

Gov’t Inks Three Agreements Worth EUR 203.5 mn with Germany

• Tuesday, 13th June 2017
• by Nayrouz Talaat

The government inks three agreements worth EUR 203.5 mn with Germany to boost cooperation in the areas of renewable energy, small-and medium enterprises as well as education, Invest-Gate reports.