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French Investments in Egypt Amount to EUR 4.5 bn: Minister

Minister of Trade and Industry Amr Nassar has confirmed that French investments in Egypt are estimated at EUR 4.5 bn in 473 projects operating in various fields across the country

World Bank Aids Egypt’s Foreign Investments Soar by EGP 14 bn in Renewables

The World Bank Group President Jim Yong Kim has praised Egypt's success in investing in human capital, noting that it has aided the country in raising foreign investments by up to EGP 14 bn, from the private sector, in the field of new and renewable energy

Egypt, Greece, Cyprus Ink Deals for Collaboration in Various Fields

Egypt, Greece, and Cyprus signed on October 10 a number of agreements for the collaboration in the fields of industry, trade, and education

Moody’s Upgrades Egypt’s Banking System Outlook to Positive

Moody’s Investors Service, a leading credit rating agency, has upgraded its outlook for Egypt’s banking system to positive from stable as economic growth revives, bolstering credit growth, banks’ profitability, and internal capital generation

Egypt’s Annual Headline Inflation Rises in September

Egypt’s annual urban consumer inflation rose to 15.97% in September from 14.24% in August, yet it dropped by 17% from 32.9% recorded in the same month last year

Gov’t Reveals Details on “Oasis” Zone in New Capital

The Egyptian government has recently revealed details on the chosen design for the New Administrative Capital's services area -"Oasis"- which is in the middle of a central park and service area

Misr Italia Properties Unveils 2nd Residential Project in New Capital

Egypt’s property developer Misr Italia Properties has launched its second premium residential compound in the New Administrative Capital, VINCI, offering the utmost elegance and luxury living

Renewables Can Meet 53% of Egypt’s Electricity Needs by 2030: IRENA

Egypt has the potential to generate up to 53% of its electricity from renewable sources by 2030, and thus reduce its energy bill by USD 900 mn annually, based on the latest outlook from the International Renewable Energy Agency (IRENA)

Mauritius Eyes Collaboration With Egypt in Infrastructure Projects

Mauritius' Minister of Public Infrastructure and Land Transport Nandcoomar Bodha stated that his country has projects in the infrastructure sector with investments of nearly USD 2 bn, declaring his desire to cooperate with Egyptian construction companies to implement tunnels, similar to the Suez Canal tunnels, in his country

Palm Hills, AAIB Conclude EGP 316 mn Discounting Transaction

Egypt-based Palm Hills Developments (PHD) and Arab African International Bank (AAIB) have successfully concluded discounting transaction of EGP 316 mn receivables portfolio linked with 181 delivered units at some of PHD's projects in Cairo

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