Supporting Egypt’s private sector is a priority for International Finance Corporation (IFC) as it invests in several industries, including the financial sector, IFC Country Manager in Egypt, Libya and Yemen Walid Labadi said.
Suez Canal revenues marked an increase of 15 percent, or $116 million, during the first two months of 2018, according to Chairman of the Suez Canal Authority, Mohab Mamish.
Chinese car maker SAIC Motor is studying setting up a factory for car manufacturing in Egypt, a step that will boost and develop Egypt’s automotive industry, Trade Minister Tarek Kabil said Sunday.
The Egyptian Exchange (EGX) ended Sunday in red for the second consecutive session, amid Egyptian and Arab selling.
The benchmark EGX30 declined 0.47 percent, or 79.89 points, to end at 16,984.69 points.
Executive Vice President of the Polish Investment and Trade Agency Wojciech Fedko visited Egypt to explore investment opportunities.
Qatari Diar Real Estate Company has received offers from businessmen Naguib Sawiris and Yassin Mansour to buy the company’s investment in Egypt.