Finance Minister, ambassador Hong Jin-wook talk solutions to problems against Korean companies in Egypt

Sun, 21 May 2023 - 07:50 GMT

Egypt has experienced significant economic challenges due to COVID-19, the Russia-Ukraine war, and the global austerity measures since 2020. Despite these difficulties, Egypt has been making ongoing efforts to overcome them. In particular, they have been actively promoting foreign investment and striving to make Egypt an attractive investment destination, the statement said.

Egypt’s president orders preparing incentives in industrial, logistical zones to encourage trade, manufacturing

Sat, 13 May 2023 - 09:42 GMT

Egyptian President Abdel Fattah El-Sisi instructed the government to prepare an integrated package of incentives, exemptions and facilities in a number of industrial and logistical zones in Egypt to encourage transit trade and manufacturing, export and re-export operations.

Sisi discusses Russian investments in Egypt

Sun, 19 Mar 2023 - 05:36 GMT

During the meeting, the two sides underscored mutual commitment to further strengthening bilateral relations in various fields. They also valued the close bilateral relations and historical friendship between the Egyptian and Russian peoples.

Banks' investments in securities, T-bills reach LE 4.428T by end of 2022

Wed, 15 Mar 2023 - 03:13 GMT

This came in a report issued by the Central Bank of Egypt (CBE) on Wednesday.

Arab countries' investments in Egypt rose to $2.67B by end of September

Thu, 09 Mar 2023 - 03:28 GMT

Saudi Arabia topped the investments of Arab countries with investments of $1.301 billion at the end of the first quarter of the current fiscal year, compared to $134.3 million during the comparative period.

Kuwaiti investments in Egypt exceed $15B

Sun, 26 Feb 2023 - 03:14 GMT

The Minister of Petroleum noted that the two countries established the Egyptian-Kuwaiti Cooperation Council in 2014, with the aim of enhancing means of economic cooperation and seeking greater cooperation in the field of economy and investment.

Egypt-TEDA seeks to implement 7 new projects worth $5B, says chairman

Wed, 22 Feb 2023 - 07:08 GMT

Speaking during a meeting with chairman of the Suez Canal Economic Zone (SCZone) Walid Gamaleddin, Liu said he has been working in Egypt for about 15 years now and considers it his second homeland.

Egypt signs 5 agreements to search for oil, gas with $40M investments

Tue, 14 Feb 2023 - 03:30 GMT

The agreements include an agreement for the Egyptian General Petroleum Co (EGPC) with Egyptian National Petroleum for Exploration and Development Company (ENPEDCO) to search in the south of Ras Qattara in the Western Desert.

$644B investment needed in energy sector: IEF

Sun, 12 Feb 2023 - 03:32 GMT

McMonigle expected that the world will face fluctuations and a significant rise in energy prices.

Egypt has political will to stimulate investments: Finance Minister

Mon, 30 Jan 2023 - 06:01 GMT

Egypt is carrying out different development projects that provide distinguished investment opportunities in promising sectors, Maait added.

NWFE program aims to mobilize investments worth $14.7B: Al-Mashat

Thu, 19 Jan 2023 - 09:43 GMT

Those investments are divided into $10 billion for energy sector projects to implement plants generating 10 GW of renewable energy, and $1.35 billion directed to water sector projects, in addition to $3.35 billion for food security projects.

5 consortiums apply to establish oil complexes in Egypt with $321M investments

Tue, 17 Jan 2023 - 01:13 GMT

These offers are being studied at the present time, stressing that the government aims for the participation of the private sector.

Jade Textile aims to increase investments in Egypt's spinning sector by $70M

Tue, 06 Dec 2022 - 05:19 GMT

This aim will raise the volume of the company's investments exceeding $220 million in the textile industry, and the number of job opportunities provided by the company rises to 12,000 direct job opportunities as well as indirect opportunities, Sanakya elaborated.

Egypt aims to sign contracts for 9 projects with $15B investments during COP27

Wed, 02 Nov 2022 - 06:29 GMT

These projects come within the the nexus of water, food and energy (NWFE) Program.

Egypt spends $400B on infrastructure to lure investments

Tue, 01 Nov 2022 - 03:50 GMT

The minister's remarks were made during her meeting with a delegation of the Qatar Businessmen Association (QBA), chaired by Sheikh Faisal bin Qassim Al Thani in the presence of Head of the Federation of Egyptian Industries (FEI) Mohamed El Sweidi.

Egypt’s President Sisi gives investor applicants three-month golden license

Sat, 29 Oct 2022 - 10:40 GMT

According to this license, investors will obtain a state’s single approval that enables them to buy/rent lands, operate, and manage the projects. The license could be extended for additional three months in case of achieving progress.

Discussions bet. sovereign fund, Emirati companies to pump new investments in Egypt

Wed, 26 Oct 2022 - 03:52 GMT

This came during the celebrations of the 50th anniversary of the establishment of Egyptian-Emirati relations, organized by the two governments.

Emirati investments in Egypt amount to $22B

Wed, 26 Oct 2022 - 03:33 GMT

Toud pointed out that there are about 1,390 Emirati companies investing in Egypt.

Sisi asks CBE for fresh initiatives attracting foreign investments

Sun, 02 Oct 2022 - 03:55 GMT

President Abdel Fattah al-Sisi met asked new Central Bank Governor Hassan Abdullah on Sunday to form fresh initiatives attracting foreign investments to Egypt soon.

IDSC: Egypt first investment destination for Arab sovereign funds in 2022

Tue, 27 Sep 2022 - 07:35 GMT

The Cabinet's Information and Decision Support Center (IDSC) said that Egypt is the first investment destination for Arab sovereign funds in 2022, foremost among which are the Saudi and Emirati investments.