investment

Egypt Gov't increases investment in green economy by 40%

Thu, 01 Jun 2023 - 07:52 GMT

One of the most important steps is that the Egyptian state is adhering to strict application of environmental sustainability standards in all its projects and sectors.

Egypt Gov't increases investment in green economy by 40%

Thu, 01 Jun 2023 - 07:51 GMT

One of the most important steps is that the Egyptian state is adhering to strict application of environmental sustainability standards in all its projects and sectors.

Edita Food Industries acquires 100% of Fancy Foods

Tue, 30 May 2023 - 04:38 GMT

Edita will enter the frozen bakery segment in Egypt and plans to invest EGP 400 million to expand its business over the coming year.

Xylem official explains reasons behind choosing Egypt for company's water pump investment

Tue, 30 May 2023 - 01:56 GMT

“Egypt is a larger economy, and growing faster,” Cerwinka told Egypt Today that this is the main reason for picking Egypt for the company’s investment.

Egypt's gov't allocates LE 100.7 bln as direct investments into manufacturing sector

Tue, 30 May 2023 - 08:04 GMT

The allocated investment show an increase of about 20 percent compared to the expected investments of the sector in the previous year, which recorded 84.2 billion pounds.

Egypt issues Golden Licenses to Beko Egypt, Bosch to establish home appliance factories

Sun, 28 May 2023 - 12:25 GMT

Chairman of GAFI Hossam Heiba delivered Saturday two Golden Licenses to foreign investors operating in the sector of home appliances upping the total to 15.

SCZone committed to fostering co-op with Chinese investors, says SCZone chairman

Tue, 23 May 2023 - 03:02 GMT

He also expressed SCZone's commitment to fostering cooperation with Chinese investors. The forum aims to be a platform for dialogue and collaboration between the two countries

Egypt, Oman sign MoUs on taxation, financial policies

Mon, 22 May 2023 - 01:03 GMT

Also, an Egyptian-Omani Business Forum was held to acquaint the Egyptian business community with investment opportunities in the neighboring Arab state.

Finance Min.: Egypt's 2024 budget aims to encourage private sector to increase spending in infrastructure

Fri, 19 May 2023 - 08:18 GMT

The Egyptian Minister of Finance, Dr. Mohamed Maait, said, in the financial statement on the state’s draft general budget for the fiscal year 23/24 submitted to the House of Representatives.

Finance Min.: Egypt's 2024 budget aims to encourage private sector to increase spending in infrastructure

Fri, 19 May 2023 - 08:17 GMT

The Egyptian Minister of Finance, Dr. Mohamed Maait, said, in the financial statement on the state’s draft general budget for the fiscal year 23/24 submitted to the House of Representatives.

EIB reinforces investment in Egyptian Fintech Sector

Tue, 16 May 2023 - 04:04 GMT

This came during Vigliotti’s visit to Money fellows, as a part of the EIB's initiative to explore investment opportunities in Egypt, supporting sustainable financial inclusion in the country.

The FRA officially launches the first investment fund in gold

Mon, 15 May 2023 - 08:34 GMT

The FRA issued all regulatory and legislative decisions and controls to regulate the dealings of investment funds in minerals.

Egypt's GAFI chairman holds meetings with investors in UAE on sidelines of AIM2023

Sun, 14 May 2023 - 04:37 GMT

Heiba also visited a number of factories in the free zone, agreeing on the organization of an Egyptian-Emirati business forum.

Egypt's GAFI wins 1st place in MENA at AIM 2023 Global Awards for 5th consecutive year

Tue, 09 May 2023 - 12:04 GMT

That is for attracting VIVO Communication Technology Co. Ltd. to operate in Egypt.

UK investments in Egypt hit $20 billion - British ambassador

Mon, 08 May 2023 - 06:58 GMT

The volume of British investments in Egypt reached $20 billion, with more than 1,500 companies operating in various sectors, UK Ambassador to Egypt Gareth Bailey said.

Samsung Electronics Egypt discusses expansion plans with GAFI chairman

Sun, 07 May 2023 - 02:20 GMT

The size of Samsung's current investments in Egypt amounts to $500 million, with sales worth $1.3 billion.

Egypt’s first gold investment fund in Egypt gets the FRA’s approval

Tue, 02 May 2023 - 01:40 GMT

FRA gave its approval to Evolve Azimut to launch the first gold investment fund in Egypt, it will be run by Azimut Egypt, while Catalyst Partners will be in charge of pricing the fund’s investment document.

Egypt prequalifies 17 Consortia for its water desalination program

Mon, 01 May 2023 - 08:08 GMT

The Sovereign Fund of Egypt (TSFE) prequalified 17 consortia to be invited to the tendering process of the development of a number of seawater desalination plants powered by renewable energy in different locations across Egypt.

Japanese PM praises GEM project, voices Tokyo’s more support for Cairo

Sun, 30 Apr 2023 - 09:34 GMT

The total portfolio of Japanese grants and loans amounted to about $3 billion to implement more than 18 projects, consistent with the goals of sustainable development and the government plan 2030, on top of which are the "first phase of the fourth metro line" project, linking between the "Grand Egyptian Museum" and the "University".

Japanese PM praises GEM project, voices Tokyo’s more support for Cairo

Sun, 30 Apr 2023 - 09:30 GMT

The total portfolio of Japanese grants and loans amounted to about $3 billion to implement more than 18 projects, consistent with the goals of sustainable development and the government plan 2030, on top of which are the "first phase of the fourth metro line" project, linking between the "Grand Egyptian Museum" and the "University".

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