Ajlan & Bros Group plans to invest $1.5B in Ras Jamila in Egypt

Sun, 21 Apr 2024 - 10:28 GMT

The Saudi group submitted an official proposal to the Cabinet. The proposal outlines the development of approximately 10 hotels, with ratings varying from 4 to 5 stars, in the region of Sharm El-Sheikh, to create up to 3,000 hotel rooms.

Egypt aims for private sector to constitute over 70% of its economy: Finance minister

Wed, 17 Apr 2024 - 12:44 GMT

Maait emphasized the pressing need for the private sector to assume a more prominent role in Egypt's economy, considering that nearly one million young individuals enter the labor market yearly while the government can only create around 100,000 new jobs

QIB, KFH finalize due diligence to acquire Egypt's United Bank

Tue, 27 Feb 2024 - 03:54 GMT

This evaluation is in preparation for one of the banks to acquire it, with preference given to the bank offering the higher price.

Egypt’s IPO program reaches $3.5B subscription volume: Finance Minister

Mon, 15 Jan 2024 - 12:08 GMT

During his statement, Minister Maait emphasized the importance of bolstering multilateral cooperation to address the financing challenges faced by emerging economies due to geopolitical tensions worldwide

Egypt expands IPO program with 61 new companies in 4 priority sectors

Wed, 10 Jan 2024 - 02:25 GMT

The new companies are reportedly affiliated with various entities, including the National Investment Bank, the Ministry of Finance, the Central Bank, the Ministry of Public Business Sector, and the Ministry of Transport