Egypt targets Danish investments in infrastructure, IT

Sun, 25 Feb 2024 - 11:17 GMT

The Egyptian Embassy in Copenhagen organized earlier this week a roundtable discussion on investment opportunities.

Things to know about "Ras El Hikma" Deal

Fri, 23 Feb 2024 - 05:33 GMT

The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.

Ras El Hikma investment deal unveils 5 key factors

Fri, 23 Feb 2024 - 03:55 GMT

the project represents the largest direct investment deal in the country's history, noting that it will bring $150 billion in investments to Egypt over the project's lifetime.

Egypt, UAE ink largest investment deal for Ras El Hikma Project with $35B FDI

Fri, 23 Feb 2024 - 03:25 GMT

The deal involves $150 billion in investments during the project development period, including around $35 billion in direct investments for the Egyptian state within two months.

Egypt to sign major investment partnership deal on Friday

Thu, 22 Feb 2024 - 07:03 GMT

A press conference will follow the signing ceremony to explain the details of the deal at the Cabinet headquarters in the Administrative Capital.

Egypt approves largest direct investment deal in partnership with major entities

Thu, 22 Feb 2024 - 03:11 GMT

This comes in the context of the current state efforts to attract foreign direct investment (FDI) and increase the country's foreign exchange resources, according to the cabinet’s statement.

Egypt's GAFI holds investment promotion meetings in Belgium

Thu, 22 Feb 2024 - 02:55 GMT

That is in preparation for the investment conference Egypt will hold later this year.

Egypt aims for $7.5B in foreign investments in oil, gas sector in FY 2024/25

Wed, 21 Feb 2024 - 02:54 GMT

Foreign investments in the sector reached $5.6 billion in 2022/2023, compared to $4.7 billion in prior year.

Egypt close to launch details of LE 50B initiative to boost tourism sector

Mon, 19 Feb 2024 - 01:07 GMT

The initiative is part of the Egyptian government's strategy to increase annual tourist numbers by 25 to 30 percent with a target set for 2028

Egypt to boost economic cooperation with Germany's Bavaria

Sun, 18 Feb 2024 - 04:15 GMT

Their discussion primarily focused on diversifying collaboration in specialized industries such as automotive, communications, technology, and artificial intelligence

Egypt plans for $100B in annual exports with new industrial strategy

Sun, 18 Feb 2024 - 04:13 GMT

The government plans to achieve this goal by focusing on the development of the industry sector, enhancing the value of Egyptian products

Egypt Kuwait Holding to open wood factory with $120M investments

Sun, 18 Feb 2024 - 04:08 GMT

Al-Kharafi stressed the keenness and seriousness in searching for available investment opportunities in Egypt, as he offered to enter into some of the opportunities available within the Egyptian initial public offering (IPO) program

Volume of trade exchange bet. Egypt, Turkey record $6.6B in 2023: CAPMAS

Wed, 14 Feb 2024 - 02:58 GMT

According to CAPMAS, Turkish investments in Egypt amounted to $167.2 million in the Fiscal Year 2022/2023 (FY22/23), marking a 7.1 percent decline compared to the previous FY21/22 when it reached $179.9 million

Egypt cancels 29 T-bonds worth $1.12B during first half of FY23/24

Wed, 14 Feb 2024 - 01:26 GMT

However, during the same period, the government successfully offered T-bonds worth around LE 7 billion for durations ranging from 3 to 7 years, with an average return rate between 23 and 25 percent

Turkey plans to establish industrial zone in Egypt: Trade Minister

Tue, 13 Feb 2024 - 04:37 GMT

The proposed industrial zone in Egypt aims to replicate the success of the existing industrial zone in Bursa, which specializes in various sectors including textiles, automobiles, aluminum, machinery, equipment, and advanced technologies

Egypt adopted 144 reforms to support the private sector since May 2022: PM

Mon, 12 Feb 2024 - 03:27 GMT

Madbouly said more than 1,000 private sector companies that take part in national programs which will help improve the Egyptian economy on all levels

ECHEM appoints Compass Capital to sell its 26% stake in EPP

Mon, 12 Feb 2024 - 12:35 GMT

EPP is one of the 35 state-owned companies that is part of Egypt’s initial public offering (IPO) program

World Bank investments in Egypt amounts to $26B across 175 projects

Mon, 12 Feb 2024 - 11:29 GMT

Over the years, the bank has financed 175 projects in various sectors, such as infrastructure, human capital, and public sector reforms

Technical, legal committees study mega investments: PM

Thu, 08 Feb 2024 - 03:55 GMT

Egyptian Prime Minister Mostafa Madbouli made the statement Thursday during the weekly Cabinet meeting.

GAFI, HSBC partner to boost foreign direct investment in Egypt

Wed, 07 Feb 2024 - 01:26 GMT

GAFI’s president stressed that the authority is keen to cooperate with HSBC to attract, introduce, and connect more international investors to the growing business opportunities in Egypt