Egypt has settled taxes worth 600 million Egyptian pounds ($37.2 million) with exporters over the past three months in return for overdue incentive as part of export support programme, Deputy Finance Minister Ahmed Kojak said.
He also told Amwal Al (...)
Suez Canal Economic Zone (SCZone) seeks to create million job opportunities until 2030, Yahia Zaki, Head of the Suez Canal Economic Zone.
SCZone aims to participate in a number of sectors, namely ports, logistics and industrial sectors, pointing out (...)
Egyptian investment company Qalaa Holdings says it plans to establish a solar power plant to serve its agriculture and consumer foods platform, Dina Farms.
Dina Farms is Egypt's largest private farm with 9,500 feddans (40 mn sqm) and the country's (...)
Egyptian cable maker El Sewedy Electric is studying to establish an industrial zone in Uganda, its investment head Amr Fouda announced on Monday.
The industrial zone will include a logistics area to build more factories to serve Uganda and (...)
Egypt is expected to sign an agreement to establish an Egyptian-Russian industrial city at the Suez Canal Axis Development project Mohamed Abou El Enein Chairman of the Egyptian-European Business Council.
He added that signing the agreement would be (...)
Egyptian Chemical Export Council has agreed with Tanzania to establish a logistics centre during the next year in order to facilitate transporting the Egyptian exports to the African market, CEC Chairman Khaled Abu El Makarem said.
Abu El Makarem (...)
"A number of 42 entrepreneurial companies were founded in 13 governorates under the Ministry of Investment's start-up program ‘Fekretak Sherketak'," chairman of Egypt Ventures Shehab Marzban said today.
He made these remarks on the sidelines of the (...)
Egypt's investments in Common Market for Eastern and Southern Africa (COMESA) have reached $7.9 billion distributed in 62 projects, head of the Regional Investment Agency Heba Salama said Thursday.
She made those remarks on the sidelines of the (...)
The Egyptian subsidiary of UAE-based Abraaj Group is scheduled for listing on Cairo bourse by the end of this May, said bourse chief Mohamed Omran on Tuesday.
Cleopatra Holding, the healthcare arm of the Emirati group in the North African nation, (...)
The ASEC-Capital alliance, which involves Egyptian, Saudi, UAE, and Lebanese firms, has signed Sunday a contract to develop a giant industrial city in the Suez Canal Axis region. The contract was signed with Ahmed Darwish, head of Suez Canal (...)
Egypt and Japan have recently signed a $400 million soft loan to complete the first phase of the Grand Egyptian Museum (GEM), Egyptian minister of international cooperation Sahar Nasr announced Tuesday.
Described as the largest archaeological museum (...)
Egypt and Japan have recently signed a $400 million soft loan to complete the first phase of the Grand Egyptian Museum (GEM), Egyptian minister of international cooperation Sahar Nasr announced Tuesday.
Described as the largest archaeological museum (...)
Egypt's stock exchange is expecting 14 new listings and initial public offerings in the upcoming period, the bourse's chief Mohamed Omran announced Tuesday.
The current phase is witnessing positive changes in favour of the Egyptian capital market (...)
The Egyptian Refining Company (ERC), a subsidiary of one of Egypt's largest investment companies Qalaa Holdings, is in final stage to carry out its $3.7 billion oil refinery project, Qalaa's co-founder Hisham El-Khazindar said Monday.
The refinery, (...)
Egyptian dairy and juice maker, Beyti is not planning to sell some of its shares on the country's stock market, its managing director Mohamed Badran told Amwal Al Ghad Saturday.
Badran made these remarks during a press conference held in Cairo (...)
Egypt's cabinet has concluded five memorandums of understanding (MOU) in housing sector with investments worth 170 billion Egyptian pounds ($21.7 million) over seven years, Ashraf Salman the minister of investment said Saturday.
The MOU's have been (...)
Egypt's cabinet has concluded five memorandums of understanding (MOU) in housing sector with investments worth 170 billion Egyptian pounds ($21.7 million) over seven years, Ashraf Salman the minister of investment said Saturday.
The MOU's have been (...)
Egypt's investment climate needs a clear economic vision set by the government, said Egyptian tycoon Samih Sawiris in an interview with Amwal Al Ghad Sunday.
The current investment climate in Egypt is the worst in the Middle East region amidst the (...)
Egypt is studying listing shares in two state-owned electricity companies on the stock market within this year, electricity minister Mohamed Shaker announced Sunday. This move aims to finance some projects in electricity sector.
The minister added (...)
Egypt is invited to take part in the establishment of the Congolese bourse, said the Egyptian stock exchange chief Mohamed Omran on Sunday.
Congo is interested to benefit from the Egyptian bourse's expertise in order to establish its own stock (...)
The Egyptian Company for Solid Waste Recycling - ECARU, part of Qalaa Holdings, will supply alternative solid fuel to replace fossil fuels, notably coal, for cement companies in Ethiopia.
On the sidelines of the African international business forum (...)
The African investors claimed a bigger share of foreign investments in Africa, to reach around 31 percent, said the director of COMESA Regional Investment Agency.
In her keynote remarks at the African international business forum kicked off in (...)
African Development Bank Group (AfDB) intends to secure a loan worth around $1.5 billion to finance Egypt's new administrative capital project, the lender's president Akinwumi Adesina announced Saturday.
In keynote remarks at the African (...)
Qalaa Holdings, Egypt-based African leader in infrastructure and industry, and Egyptian Chemicals and Fertilizers Export Council (CEC) have signed Saturday a memorandum of understanding to establish a railway line in Kenya.
When the Kenyan railway (...)
Egypt is planning to hold a conference to allure investments to Africa next February in Sharm El-Sheikh, said former Egyptian Assistant Minister of Foreign Affairs Mona Omar.
Under the auspices of Egyptian Ministry of Foreign Affairs, the investment (...)