Egypt FDI Rises By 27.5% in FY2016-17

• Tuesday, 5th September 2017
• by Farah Montasser

Egypt saw a significant rise in its foreign direct investment (FDI) during FY2016-17

SODIC, CIB Ink EGP 270 mn Credit Facility Agreement

• Tuesday, 5th September 2017
• by Farah Montasser

Egyptian-based Sixth of October for Development and Investment Company (SODIC) announces a new credit facility agreement with Commercial International Bank (CIB)

Heliopolis Housing Sees Higher Profits by July-End

• Tuesday, 29th August 2017
• by Farah Montasser

Egyptian real estate company, Heliopolis for Housing and Development, posts a 256% profit rise by the end of July 2017 compared to the same period of 2016

Marseilia Land El Alamein Delivers its First and Second Phases

• Tuesday, 29th August 2017
• by Farah Montasser

Marseilia Land El Alamein project, affiliated to Marseilia Real Estate Investment, announces the complete delivery of phases I and II in New El Alamein City

Saudi Prince Eyes Investments in Egypt

• Tuesday, 29th August 2017
• by Farah Montasser

Egyptian Minister of Investment and International Cooperation Sahar Nasr meets Saudi Arabia’s Prince Khaled bin Talal bin Abdulaziz Al Saud to discuss investment opportunities

Two Saudi Investors Mull USD 2.15 bn Investments in Egypt

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt is discussing with two leading Saudi firms possible business opportunities

Golden Pyramids Plaza Swings to Profits in H1

• Tuesday, 29th August 2017
• by Farah Montasser

The mixed-use real estate development company, Golden Pyramids Plaza, turns profitable in H1 of 2017 compared to the same time last year

Egypt To Lower Customs Exchange Rate To EGP 16 For September

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt will lower its customs exchange rate to EGP16 per USD from 16.25, effective September 1, Finance Minister Amr El-Garhy told Reuters

Egypt’s Housing and Development Bank Q2 Consol Profit Rises

• Tuesday, 29th August 2017
• by Farah Montasser

Cairo-based Housing and Development Bank announces a rise in its consol net profit at EGP 259.1 mn during the second quarter of 2017, compared to EGP 222.7 mn at the same time last year

Singapore Cooperates With Egyptian Gov’t to Develop SCZone

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt and Singapore agree on a mutual co-operation in upgrading ports, shipbuilding and growing investment in the SCzone