UAE’s Aster to Invest USD 68.1 mn in GCC

• Monday, 4th February 2019
• by Invest Gate

UAE-based Aster DM Healthcare, a major private sector healthcare company, plans to invest USD 68.1 mn in new projects across the Gulf region, however, suspending entering the Egyptian market due to fears over the ...

Egypt’s Foreign Reserves Drop for 1st Time in 2 Years

• Tuesday, 8th January 2019
• by Invest Gate

The Central Bank of Egypt (CBE) has unveiled that the country's foreign currency reserves dropped last December for the first time since the EGP flotation, standing at USD 42.551 bn compared to USD 44.513 bn at th ...

Liquidity Shortage Threatens Egypt’s Construction Sector in 2019: Official

• Monday, 31st December 2018
• by Invest Gate

Daker Abdellah, a member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), said the country's construction sector will face challenges in 2019, as a result of ...

Egyptian Expats’ Remittances Grow 20.4% YoY in September: CBE

• Wednesday, 21st November 2018
• by Invest Gate

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country's main sources of foreign currency, jumped by 20.4% YoY in September to reach USD 1.8 bn, up from USD 1.5 bn ...

Egypt’s Commercial Property to See Higher Demand in 2017

• Sunday, 28th May 2017
• by Menna A. Farouk

The float of the EGP has lured foreign investments back to the economy as capital inflow ups demand for commercial real estate with investors seeking income-producing assets, according to a BMI research report.