News
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Egypt issues 22 decisions to promote direct investment
The Supreme Council for Investment was established in 2016 and was later restructured in 2023.
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NI Capital is preparing to sell stakes in 2 state-owned companies
NI Capital was mandated by the Egyptian Cabinet to prepare an IPO program listing multiple state-owned companies on the Egyptian stock exchange.
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Egypt's Entrepreneur Awards unveils third edition shortlist: The nation’s resilient entrepreneurs
35 companies in 11 categories shortlisted; 286 applications received.
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Egypt seeks Emirati partners for major investments in its transport sector: Wazir
Minister of Transport Kamel El Wazir said Egypt seeks partners in the UAE to invest in some of the $20 billion worth of projects that are planned.
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EIB reinforces investment in Egyptian Fintech Sector
The visit also included prominent private equity leader and key investor in Money Fellows, Sawari Ventures.
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Egypt launches 1st gold investment fund
Egyptian asset manager Azimut and investment company Evolve Holding launched Sunday the first gold investment fund in Egypt.
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Fuel prices in Egypt to soon be fixed
Citizens questioned expectations about fuel prices on social media, following large waves of inflation that have been affecting the Egyptian economy.
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FRA increases the financing limit for micro-sized entities by 10%
The Financial Regulatory Authority (FRA) increased the maximum financing limit for micro-enterprises by 10 percent to LE 220,000 up from LE 200,000.
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Egypt Gas posts 23.6% YoY growth in Q1 net profits
Established in 1983, the company is engaged in the design, installation, operation, and maintenance of natural gas distribution networks.
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Wadi Degla Developments launches Waterside in Murano’s third phase
Murano beach stretches across 750 metres on the Red Sea shore, With investments of around EGP 8bn.
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Egypt, Italy extend third-phase $100 mln debt swap programme
Egypt and Italy signed mutual letters to extend the third phase of a $100 million debt swap programme for development projects until December 2024.
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Egypt, Switzerland extend digital community centers project until 2025
Egypt and Switzerland on Monday extended an agreement to establish eight digital community centers for the next three years until 2025.
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Egypt and Scatec sign a MoU for a $450m green methanol plant
The green methanol plant aims to have an annual production capacity of 40,000 tons of green methanol with the aim to be increased to 200,000 tons.
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Rabeha programme empowers Egyptian women on their journey to employment
Only 21 percent of Egypt’s working-age women are participating in the economy, compared to 75% of men.
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EGP 7.7bn pumped into national veal project: Ministry of Agriculture
This amount was pumped for about 42,330 beneficiaries, for the breeding and fattening of more than 486,000 heads of livestock.
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Irrigation minister: State exerts big efforts to face limited water resources
The Bahr al-Baqar waste water treatment plant located in northwest Egypt is one of the largest in the world.
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Egypt’s office, retail space demand sees growth in 2023 despite challenges
Egypt Real Estate Report, issued by Savills Egypt, highlighted the challenges the industry has faced over the past year.
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3 Egyptian teams qualify to final stage of Huawei Global Competition in China
Commenting on this occasion, Jim Liu, CEO of Huawei Egypt, congratulated the three winning teams, wishing them success in the final competitions.
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Petroleum Ministry says US “Apache” enhance investments in Egypt
US oil company Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert.
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CI Capital Concludes EGP 3.75bn Follow-on Sale of Telecom Egypt
The secondary offering was priced at EGP 23.11 per share, at Thursday’s 11 May closing market price.