News
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An investment bank revives along with Egypt
EFG Hermes has re-emerged as the go-to investment bank in Egypt — bringing companies public and funneling foreign investor money.
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BP to invest $12B in Egypt over five years
BP is committed to unlock Egypt’s oil and gas potential and gradually double its gas supply during this decade.
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Egypt tourism revenues more than double in third quarter
Tourism revenues reached $2 billion between July and September compared to $900 million during the same period of last year.
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50 Italian companies to hold investment talks in Egypt in February
Embassy preparing logistics investment meeting in Alexandria during December with Italian and Egyptian transport and freight companies.
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Sudan provides 100,000 acres of farmlands to Egypt
Farmlands have been reserved for interested Egyptian farmers at a rate of 10 acres each.
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Several embassies in Cairo close their doors, update security status
British and Canadian embassies close their doors; Australian embassy issues travel warning to citizens.
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Saudi Shaheen Group invests EGP 500m in Egypt
Group Chairman says these investments will be directed to agricultural and solar projects.
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Egypt, EU sign agreement on combating industrial pollution
The total cost of the third phase reaches €150 million to which the European Investment Bank Group will contribute €70 million.
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Egypt's net international reserves down to $15.9 bn
Egypt has returned most of a $3bn loan from Qatar received during Mohamed Morsi's rule.
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Numerous public bank officials resign to protest maximum wage
New maximum wage sets wages at 50% less than original wages, resigned NBE official says.
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Egypt provides land for UAE-built sugar factory
The UAE’s Al Ghurair Group has won approval from Egypt’s cabinet for the allocation of land for the construction of a new sugar factory in the Minya governorate in Upper Egypt.
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UAE-Egypt alliance expands to desert wheat venture
Within a couple of years, UAE companies plan to grow and sell several hundred thousand tonnes of wheat to the Cairo government.
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IDB allocates $220m for Egypt-Saudi power interconnection project
The approval covers sectors including energy, roads, petrochemicals, water, education, and health.
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Huawei's business volume ups US$500mn in Egypt this year
Huawei cooperates with several firms in Egypt for supplying technological solutions such as Vodafone and Telecom Egypt and Mobinil.
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Vodafone Qatar slashes call rates to Egypt, Bangladesh
Vodafone Qatar yesterday announced its super offers on international calling to Egypt, Bangladesh and other destinations.
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Egypt to import LNG from Algeria
After Egypt's deal with Norway to construct regasification unit, it now makes deal with Algeria for LNG.
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New grain storage system to save Egypt 'LE1 bn per year'
New system will be implemented by Blumberg Grain; will improve quality and raise prices.
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Palm Hills bets on commercial property as Egypt's economy recovers
A nascent economic recovery is fuelled by foreign investors - which the government is courting with structural reforms and mega-projects.
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Kuwaiti Al-Manshar to develop LE2 billion project in Egypt
The board of directors saw a need to take advantage of the Egyptian government’s keenness to attract investments.
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Egypt’s trade minister attends Africa free trade talks
On the margins on the meeting, Abdel Nour is scheduled to hold talks with the trade ministers of Sudan, Burundi and Tanzania.