Egypt Inks Deal with Saudi alfanar for 50 MW Solar PV Plant

• Monday, 15th May 2017
• by Menna A. Farouk

The Egyptian Electricity Transmission Company (EETC) has signed a Power Purchase Agreement (PPA) with Saudi Arabia’s alfanar Energy for 50 megawatt (MW) PV plant under feed-in-tariff program in Egypt, Saudi Gazette r ...

HDB’s Standalone Profit Rises in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt's Housing and Development Bank standalone net profit after tax accounts for EGP 349 mn in Q1 of 2017 compared to EGP 218 mn a year ago, Invest-Gate reports.

IMF Reaches Staff-Level Deal With Egypt to Unlock USD 1.25 bn

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt is reaching a staff-level agreement with the IMF that would help unlock the second tranche of a USD 12 bn loan to the Arab country, Invest-Gate reports.

Egypt Eyes Investments worth USD 15 bn from AIIB in Five Years

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt is eying investments worth USD 15 bn from the Asian Infrastructure Investment Bank (AIIB) to fund infrastructure projects in the coming five years, Invest-Gate reports.

Egypt Eyes Production of 84 mn Tons of Cement by 2020

• Thursday, 11th May 2017
• by Nayrouz Talaat

Egypt is eyeing the production of 84 mn tons of cement annually starting from 2020, Invest-Gate reports.

Residential, Industrial Project to be Launched in Marsa Matrouh Governorate

• Wednesday, 10th May 2017
• by Fatma Khaled

Egypt plans to develop the coastal governorates by established a new project called Jarjob City and Port in Marsa Matrouh governorate, Invest-Gate reports.

The Long-Awaited Investment Law No.8 Finally Approved

• Tuesday, 9th May 2017
• by Farah Montasser

Following months of preparation, the Egyptian Parliament has finally approved the long-awaited Investment Law No.8 of 2016 and to be declared by President Abdel-Fattah El-Sisi soon, Invest-Gate reports.

Switzerland to Pump Investments Worth CHF 86 mn in Egypt

• Tuesday, 9th May 2017
• by Fatma Khaled

Switzerland plans to pump investments in Egypt worth CHF 86 million as part of a strategic plan that will operate between 2017 to 2020, Egynews reports.

Egypt to Offer 44 Investment Opportunities in New Cities

• Sunday, 7th May 2017
• by Fatma Khaled

Egypt will offer 44 investment opportunities in the country’s new cities, with areas ranging from 30 to 500 feddans, Invest-Gate reports.

Egypt Records Growth of 3.9% in Q3 of FY2016-2017

• Sunday, 7th May 2017
• by Fatma Khaled

Egypt achieves a growth rate of 3.9% in Q3 of FY2016-2017 compared to 3.6% achieved during the same period last year, Invest-Gate reports.