Numerous Projects Tendered in 3 New Cities

• Wednesday, 22nd February 2017
• by Yasmin El-Beih

Over 4,300 residential units in New Badr, a commercial-administrative market in New Burj Al-Arab and electronic traffic posts in New Sadat were tendered on February 22, Invest-Gate reports.

Egyptian-Turkish Business Forum Gathers Over 100 Investors

• Sunday, 19th February 2017
• by Yasmin El-Beih

The Egyptian-Turkish Businessmen Association (ETBA) held a forum on February 18 to discuss the potential for bilateral economic, commercial, and investment collaboration, Invest-Gate reports.

Banks Collect USD 12.3 bn Since EGP Float

• Wednesday, 15th February 2017
• by Yasmin El-Beih

Egyptian Banks have to collect FX inflows amounting to a USD 12.3 bn since the float of the local currency, according to an unnamed Central Bank of Egypt source, Invest-Gate reports.

Polish Investments to Prevail in SCZone

• Tuesday, 14th February 2017
• by Yasmin El-Beih

A Polish industrial zone will be implemented in the Suez Canal Economic Zone (SCZone) in an effort to establish a mixed society within the industrial zone and attract more Polish investments, Invest-Gate reports.

Ministry of Investment, Military Production Discuss Joint Project, Beni Suef

• Monday, 13th February 2017
• by Yasmin El-Beih

The Ministry of Investment is to promote Beni Suef’s investments zone, which encompasses 69,000 acres, Invest-Gate reports.

AfDB Grants Egypt EGP 10 mn for Social Housing

• Sunday, 12th February 2017
• by Yasmin El-Beih

Minister of International Cooperation Sahar Nasr and Resident Representative of the African Development Bank (AfDB) Leila Mokaddem signed an EGP 10 mn granton February 12 to finance the Slums Development Fund, Invest-Gate reports.

EBRD Releases Its First Country Strategy For Egypt

• Thursday, 9th February 2017
• by Yasmin El-Beih

The European Bank for Reconstruction and Development (EBRD) released its first country strategy after taking the Board of Directors’ approval on February 8, Invest-Gate reports.

Investors Request to Build 45 Factories in Luxor

• Thursday, 9th February 2017
• by Yasmin El-Beih

A number of investors have applied for the establishment of 45 factories in Al-Boghdady industrial zone in Luxor, MENA reports.

GAFI: Over 1400 Companies Established with EGP 2.6 bn Capital

• Thursday, 9th February 2017
• by Yasmin El-Beih

A total of 1445 companies have been established with a total capital of EGP 2.6 bn in January 2017 alone, Invest-Gate reports.

Remittances Rise 11.8% Q-o-Q to USD 4.6 bn

• Wednesday, 8th February 2017
• by Yasmin El-Beih

Egyptians abroad transferred USD 4.6 bn to Egypt in Q4 of 2016, marking an 11.8% y-o-y increase, Invest-Gate reports.