Right To Dream Signs an USD100 mn Partnership with Mansour Group

Right To Dream Academy has signed a new USD100 mn partnership with the Mansour Group that aims at bringing greater access, opportunity, and equality through football, Invest-Gate reports.

Egyptian Expats’ Remittances Rise 19.6% From July to September: CBE

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

Egypt Among World’s 10 Fastest-Growing Economies in 2020: Bloomberg

US-based news agency Bloomberg has reported that Egypt’s recovery from the ordeal of the ongoing Coronavirus hit turned it into one of the world's 10 fastest growing economies in 2020, thanks to the economic refor ...

Elsewedy Electric, Toyota Sign EGP 1.46 bn EPC Contract

A consortium of Egyptian cable maker Elsewedy Electric and Toyota Tsusho signed an EGP 1.46 bn agreement to supply and install smart electricity meters, in a move aimed at upgrading Egypt's electricity infrastruct ...

Housing Minister Tours NAC’s Latest Developments

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has toured the Capital Central Park and Central Business District (CBD) projects in the New Administrative Capital (NAC) to stay abreast of new ...

Elsewedy Electric to Build EGP 355.5 mn Substation in Sadat City

Elsewedy Electric's unit Elsewedy Electric for Trading and Distribution has announced an EGP 355.5 mn engineering, procurement, and construction (EPC) contract to establish a new substation in Sadat City, northwes ...

Expo One to Launch 1st Virtual Property Show in Africa, MENA

Egypt's Expo One, in collaboration with Grand Technology, will kick off the "VEstate Expo 2020," bringing four quarterly live real estate exhibitions to present the first-of-its-kind virtual gateway in Africa and ...

Egypt Remains Africa’s Top FDI Recipient in 2019: UNCTAD

Egypt continues to be Africa’s largest recipient of foreign direct investment (FDI) flows in 2019, marking a 10.7% hike, despite the slump in FDI inflows to the entire continent to USD 45 bn (EGP 727.2 bn).

SODIC Sponsors 1st Special Olympics Pan African Games 2020

Sixth of October Development and Investment Company (SODIC) has been the exclusive real estate sponsor of the first-ever Special Olympics Pan African Games for 2020

EBRD Pumps EUR 5.3 bn in 99 Egyptian Projects

The European Bank for Reconstruction and Development (EBRD) is committed to increasing its investments in Egypt, pumping about EUR 5.3 bn (EGP 95 bn) through the development of 99 domestic projects.

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