Informa Markets Sees Hope in Revival of MENA Real Estate

New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE ope ...

US-China Deal Draws USD 490 mn Foreign Inflows to Egypt

The US-China trade agreement has contributed to the extension of USD 490 mn (EGP 7.85 bn) worth of foreign investments to Egypt in a single day.

Egypt Remains Africa’s Top FDI Recipient in H1: UNCTAD

Egypt continues to be Africa's largest recipient of foreign direct investment (FDI) flows in H1 2019, attracting USD 3.6 bn (EGP 58.2 bn), thanks to the new investment deals that have been recently announced

Egypt to Set up Accounting System for FDIs

Egypt's Ministry of Investment and International Cooperation has inked a cooperation protocol to account for the foreign direct investments (FDIs) that have been flowing into Egypt in recent years

Non-Residents’ Property Purchases Reach USD 725.7 mn: CBE

The Central Bank of Egypt (CBE) said transfers by non-residents for real estate purchases in the country has spiked to USD 725.7 mn during the first nine months of FY 2018/19.

Egypt’s Free Zone Exports Reach USD 6 bn in 4M: Minister

Minister of Investment and International Cooperation Sahar Nasr said on May 12 that exports of Egyptian free zones amounted to USD 6 bn during the first four months of 2019.

Sisi Approves EGP 11.415 mn Deal with China for Railway Project

Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cai ...

ITDA Awards Construction of 6 Logistic, Commercial Zones

The Internal Trade Development Authority (ITDA) has awarded contracts to some Egyptian and foreign investors to develop six logistics and commercial zones in six different governorates, with combined investments w ...

Lebanese Investments in Egypt Hit USD 671 mn by June-End: Minister

Egyptian Minister of Investment and International Cooperation Sahar Nasr said the volume of Lebanese investments in Egypt reached USD 670 mn by end of June 2018, reflecting the activity of about 1,645 companies in ...

AfDB Invested USD 2.8 bn in 30 Egyptian-Based Projects Since 2016: President

The African Development Bank Group's (AfDB) President Akinwumi Adesin said the bank has invested up to USD 2.8 bn in 30 Egyptian-based projects since the country kicked off its economic reform program in 2016

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