NIB to Select 9 Firms for 2nd Phase of Egypt’s IPO Program

NIB is set to nominate nine state-owned companies for the second phase of the state privatization program, Egypt's planning ministry has recently announced.

Madbouly Reviews NUCA’s Achievements in 2018

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has reviewed the New Urban Communities Authority's (NUCA's) tangible achievements in 2018.

UAE Banks Invest AED 47.2 bn in Egypt in Q3 2018

The investment of UAE’s banks in Egypt reached AED 47.2 bn at the end of Q3 2018, logging a higher amount than those pumped into Saudi Arabia - which are estimated at AED 40 bn.

Egypt, Germany Sign Cooperation Agreements Worth EUR 150.5 mn

Egypt and Germany signed on December 23 two agreements worth EUR 150.5 mn for the technical and financial cooperation between the two countries

EFG Hermes’ Egypt Education Fund 1st Close Oversubscribed With USD 119 mn

Egyptian investment bank EFG Hermes has announced that its Egypt Education Fund, focused on the country’s K-12 sector, was oversubscribed with total investments of USD 119 mn in its first close - through its priva ...

City Edge to Invest EGP 1 bn in Sheikh Zayed’s Etapa in 2019

City Edge Developments CEO Amr El Kady says his company intends to pump EGP 1 bn investments in Sheikh Zayed's Etapa project in west Cairo next year

Egypt, KSA Ink Deal for Young Entrepreneurs in Tourism Field

Tourism Minister Rania Al Mashat has inked a deal with President of the Saudi Commission for Tourism and National Heritage (SCTH) Prince Sultan bin Salman bin Abdul Aziz on supporting the Arab young entrepreneurs ...

China’s CFLD Plans to Invest USD 20 bn in Egypt Halted: Officials

Officials in charge of delivering a USD 20 bn development in the New Administrative Capital (NAC) said two years of talks with China Fortune Land Development (CFLD) have halted following financial disagreements be ...

Living Yards Kicks off The Loft Phase II in NAC

Living Yards Developments announced on December 4 the launch of the second phase of its residential project, The Loft, in the New Administrative Capital (NAC), following the success the project’s first phase had a ...

National Projects Revitalize Egyptian Construction Market: Arab Contractors

Arab Contractors Chairman Mohsen Salah said Egypt's vast series of national projects over the past years has contributed to revitalizing the country's construction market and ending a colossal chunk of its stagnat ...

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