Factories are already crippled by low profit margin due to high production costs after the flotation of the Egyptian pound.
Establishing the Golden Triangle Economic Zone will encourage building new urban communities, pump investments and develop Upper Egypt, experts say.
Audi (NSUG.DE) aims to cut costs by 10 billion euros ($12 billion) by 2022.
Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions against OPEC-member Venezuela.
The dollar held near a 13-month low against a basket of currencies on Monday.
Mexican ambassador to Egypt said that his country is keen on growing its investments in Egypt, which already amount to $1.2 billion.
Highest exchange rate is LE 17.87 for buying and LE 17.97 for selling.
Emirati business tycoon will also invest in development projects in Cairo and South Sinai.
Financial leasing contracts’ value rose 7% to reach LE 11.8 billion in the first six months of 2017 from LE 11 billion in the same period last year.
Average yields on Egypt's five- and 10-year treasury bonds fell at auction on Monday
HSBC Holdings PLC on Monday said profit grew 5 percent in the six months through June.
New Administrative Capital was described by the magazine as able to accommodate five million people.
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