News
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Abu Dhabi investments fuel banking recovery in Egypt
Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry.
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Emirati, Saudi parties largest investers in Egypt: Investment minister
Government will resolve the majority of disputes with investors before economic summit in March, says Ashraf Salman.
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Kellogg and Abraaj battle for Egypt's Bisco Misr
The bidding war is part of flurry of mergers and rights issues boosting activity on the Cairo bourse.
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Egypt’s hopes of attracting investment given timely boost by IMF
Policies implemented so far, along with a return of confidence, are starting to produce a turnaround in economic activity and investment.
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Infrastructure key component in Egypt’s economic drive: Nassef Sawiris
There is focus on power as the country needs significant new power infrastructure investment to help reduce the deficit.
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Saudi investors in Egypt disgruntled with 'legal chaos'
Egypt needs a revolution in economic legislation in order to incentivise investment, prominent Saudi businessman Sheikh Saleh Kamel said.
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Egypt needs more flexible exchange rate, IMF says
Egypt’s pound has slid against the dollar on the black market even as the official exchange rate hasn’t changed in about five months.
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Pirelli signs MOU with Egypt for plant expansion
The investment is expected to happen over a 3-year period and would result in an annual production increase of about 300,000 tyres.
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Egypt's economy grows by 1.1% in first quarter Join our daily free Newsletter
The figure was 6.8% higher than the corresponding quarter in the previous fiscal year.
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Egypt in talks to import Cypriot natural gas
Gas can be piped directly to Egypt from the field off Cyprus' southern coast that is estimated to hold 3.6 trillion to 6 trillion cubic feet of the fossil fuel.
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Egypt one of the HSBC Group’s 19 global priority markets
HSBC Group believes in the long-term future of Egypt and remains committed to investing in growth of its business in the country.
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Al-Futtaim to invest $700 mln in Egypt after dispute settled
Investments would be directed towards new projects in a second phase of the company's Cairo Festival City development.
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Kellogg's cleared to buy Egypt's Bisco Misr
US multinational gets regulatory clearance to purchase Egyptian confectionery maker Bisco Misr.
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Vodafone Egypt signs LE4 billion loan deal
Mobile operator Vodafone Egypt signed a financing deal with seven banks worth LE4 billion ($563 million) on Monday.
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Total value of Egyptian imports, exports falls in first half of 2014: EITP
Yet the value of imports and exports to the EU rises, reports Egyptian International Trade Point.
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Egypt aims to renegotiate Suez Canal container port deal
Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal.
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UAE to loan $200M to Egypt SMEs
Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.
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Egypt's Beltone to issue bonus shares, raise capital
An initial capital increase of LE 41.83 million was approved by shareholders on Sunday night, the financial services company said in a statement.
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UAE’s Abraaj says raises offer price for Egypt’s Bisco Misr
Abraaj is now offering 79.10 pounds ($11.06) a share for a total purchase price of 909.65 million pounds, it said in Sunday's statement.
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Egypt mulls new law to attract FDIs
Mahleb reviewed the latest developments in Egypt and commended the exemplary ties with the Kingdom of Saudi Arabia.