TMG Net Profit Rises By 8.85% in 2016

• Tuesday, 7th March 2017
• by Yasmin El-Beih

Egypt’s giant real estate developer Talaat Moustafa Group (TMG) posted a consolidated net profit of EGP 828 mn in 2016, up by 8.85% compared to EGP 761 mn a year earlier, Invest-Gate reports.

Cairo To Launch New Factories in Port Said Industrial Complex

• Monday, 6th March 2017
• by Yasmin El-Beih

The government will launch new factories at the industrial complex in Port Said city, northeast of Egypt, state-owned Al Ahram reports.

Cairo Seeks to Generate More Revenue from Attaba Metro Mall

• Monday, 6th March 2017
• by Yasmin El-Beih

The government is seeking to generate more revenue from a metro mall located in Cairo’s Attaba district with a view to increasing the state metro authority’s margins, Invest-Gate reports.

Cairo Plans EGP 1.5 bn Projects, Halayeb and Shalateen

• Monday, 6th March 2017
• by Yasmin El-Beih

The government is to carry out projects worth EGP 1.5 bn in Halayeb and Shalateen, two towns spanning an area of 20,580 square meters in the south of the Red Sea governorate, Invest-Gate reports.

Electric Train to Link Administrative Capital with Cairo

• Sunday, 5th March 2017
• by Yasmin El-Beih

The Egyptian government is in talks with a Chinese construction company to launch an electric train linking the New Administrative Capital with Cairo, state-owned Ahram reports.

Egypt, Cyprus Sign 3 Deals to Boost Economic Ties

• Sunday, 5th March 2017
• by Yasmin El-Beih

Egypt and Cyprus signed three memorandums of understanding to boost economic cooperation, and increase joint investments between the two countries, Invest-Gate reports.

Sisi, Merkel Inaugurate Mega Power Project

• Sunday, 5th March 2017
• by Yasmin El-Beih

Egyptian President Abdel Fattah El Sisi and German Chancellor Angela Merkel inaugurated on March 2 the first phase of Siemens’ new mega power project expected to book power generation capacity by 45%, Invest-Gate reports.

US Firms Mull Opening Pharmaceutical Factory in SCZone

• Sunday, 5th March 2017
• by Yasmin El-Beih

US companies are willing to open a pharmaceutical factory in the Suez Canal Economic Zone (SCZone), Invest-Gate reports.

Cairo launches new insurance program to protect businesses

• Sunday, 5th March 2017
• by Yasmin El-Beih

The government will launch a new EGP 10 mn insurance program to protect traders and their commercial establishments against risks and hazards to ensure their sustainability in the market, Invest-Gate reports.

Germany to Pump Investments Worth EUR 203.5 mn in Egypt

• Sunday, 5th March 2017
• by Yasmin El-Beih

Germany is planning to pump investments worth EUR 203.5 mn in Egypt to fund future developmental projects and boost the national economy, Invest-Gate reports.