President El-Sisi directs taking measures to attract investments in Suez Canal Economic Zone

Thu, 18 Jul 2024 - 01:30 GMT

Due to the ongoing Israeli war on the Gaza Strip and the Yemeni Houthis’ attacks against Israeli, UK and US ships in the Red Sea in response to the Israeli war against the Palestinians, Egypt’s Suez Canal revenues have sharply declined.

Egypt to increase value of industrial investments by 10% during 2024

Tue, 30 Apr 2024 - 12:50 GMT

The goal is to reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023.

Egypt plans to increase private sector's share of investments to 50% in FY2024/25

Thu, 28 Mar 2024 - 07:41 GMT

This comes with the aim to enhance private sector participation in development efforts, aligning with the state's policy document.

Egypt Post to inject LE 6B in direct investments during 2024

Sun, 18 Feb 2024 - 04:24 GMT

These investments will aim to optimize operations in logistics, communications, microfinance, and consumer finance

Ezz Steel's investments soar to $5.9B as exports target $1.75B in 2024

Thu, 11 Jan 2024 - 09:11 GMT

She added Thursday that the company achieved exports totaling around $1.5 billion in 2023, and it is expected that the company's exports will reach $1.75 billion by the end of 2024.

Egypt's Water Ministry achieves LE 7.4B investments in 2023

Sun, 31 Dec 2023 - 05:05 GMT

He clarified on Sunday that the projects also aim to enhance the efficiency and development of the irrigation and drainage system, ensuring an increase in the productivity of water units.

Possible $1.5B worth of agreements to be signed at Egyptian-Saudi Business Forum

Sun, 19 Nov 2023 - 02:18 GMT

The agreements will cover investments in sectors such as energy, real estate, agriculture, and tourism

Indian investments in Egypt amount to $3.2B: Minister

Sun, 08 Oct 2023 - 12:45 GMT

Samir affirmed that Egypt and India share a strategic bilateral relationship that spans a long history of mutual cooperation aimed at supporting the economic and social development aspirations of both countries.

Government allocates LE 71.4 B in investments for Upper Egypt

Fri, 01 Sep 2023 - 12:09 GMT

The state treasury’s share of this money reached LE 31.3 billion, with 44% of these investments.

Saudi investors willing to increase their investments in egypt: Saudi Minister

Mon, 05 Jun 2023 - 07:54 GMT

Egyptian Prime Minister Mostafa Madbouly received Sunday at the government headquarters in the New Administrative Capital, Bandar bin Ibrahim Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, and his accompanying delegation, where they discussed ways to enhance cooperation and integration between Egypt and Saudi Arabia in the industry file.

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.