Foreign direct investment (FDI) is a leading contributor to real economic growth, which prompts the Egyptian economy to attract long-term investors, says Managing Director of Al Ahly Capital Holding Karim Saada.
Al Ahly Capital's investment (...)
Throughout the past three years, Egypt has been through tough but necessary economic reforms, undertaken by the authorities and supported by the International Monetary Fund (IMF).
Aiming to improve Egypt's public finances, curb the budget deficit, (...)
The Egyptian Exchange announced on Sunday the sale of 74.75% of CI Capital Holding's shares, affiliated to the Commercial International Bank (CIB), at EGP 710.158m.
The EGX announced that 17 businesspeople have purchased 65% of CI Capital, in (...)
Egyptian investment bank FEP Capital expects to complete initial share offering of business tycoon Ahmed Abou Hashima's Egyptian Media Company in 2018, FEP chief executive Omar El Maghawry said Tuesday.
FEP Capital, part of regional First Equity (...)
Egypt plans to launch international bonds ranging between $2 billion and $2.5 billion within the first half of next January, the country's finance minister said Monday.
"The launch was supposed to be within this November, but the U.S. elections and (...)
Egypt-based investment bank Acumen Holding has won the management of the Housing and Development Bank's (HDB) newest real estate mutual fund, chairperson Rana Adawi announced Monday.
"We expect the fund will be launched within the first quarter of (...)
Egypt's second biggest bank, state-owned Banque Misr has provided around $825 million to cover import payments since the central bank devalued pound on November 3rd, vice chairman said Monday.
"We opened letters of credit worth around $825 million (...)
Egypt's investment bank Beltone Financial has completed the acquisition of micro finance enterprise Reefy and is looking into more upcoming deals, its vice chairman Magued Shawky announced Monday.
Beltone is studying carrying out a number of new (...)
Foreign investments in the Egyptian treasury bills have reached $500 million since the country's central bank devalued the local currency on November 3rd, finance minister said Monday.
Egypt is targeting foreign investments ranging between $8-10 (...)
The Ministry of Petroleum and Mineral Resources provided a list of five companies to the Ministry of Investment and NI Capital—a subsidiary of the National Investment Bank and manager of the propositions programme—to begin procedures for offering (...)
Ten new ministers were sworn in Wednesday before President Abdel Fattah Al-Sisi in an anticipated cabinet reshuffle, ahead of the parliament vote on renewing trust in the government later this month.
The new ministers are Mohamed Hossam for the (...)
Prime Minister Sherif Ismail announced the details of the long-awaited government cabinet programme on Sunday which aims to lower the budget deficit and the inflation rate. The programme will be presented before the parliament two weeks from (...)
Digging deep down beneath Syrians' memories of pain, Syrian writer Khaled Khalifa does not fear approaching one of the most sensitive and bloodiest events in the modern history of Syria.
He believes a writer should be harsh; his job is not to rest (...)
The President of Cyprus N. Anastasiades stated that Cyprus is aiming to enhance the bilateral commercial relationship and links with Egypt due to the importance of the Egyptian market and its potentials for alluring investments.
Several huge (...)
Tarek Amer, Federation of Egyptian Banks Chairman, criticized government policy concerning providing licenses for industrial firms. He called Ministry of Industry and Foreign Trade to facilitate licensing procedures to boost industrial growth rates (...)
MP Hamdi Al Fakharani, head of the privatization companies' defense, called on Dr Saad Al Katatni- PA's chairman- to cancel law no.4\2012; concerns the reconciliation with foreign investors in privatization companies' cases.
In his demand which (...)
In a conference held today in Economy and Political Sciences College, the spokesmen called for pressuring on the US in order to restructure Egypt's relation with America in a way that benefits the two sides.
Dr Mohamed Salman, member of Egyptian (...)
Nigeria national team coach Stephen Keshi released on Thursday the foreign-based players list, including 11 players, who will take part in preparations for the 2013 African Cup of Nations qualifiers this February.
“The players are expected in camp (...)
The coach of the 2012 African Cup of Nations' winning team, Herve Renard, said Monday that he had drawn lessons from Egypt's national team when assembling his own winning squad.
The Frenchman pointed out that Egypt's domestic players had allowed the (...)
Zambia coach Herve Renard has dedicated his team's 2012 African Cup of Nations triumph to the Chipolopolo football icon and current president of the country's football association, Kalusha Bwalya.
“He is the best Zambian player of the last century (...)
Ex-Ghana coach Claude Leroy urged the people of Ghana not to blame the Black Stars' coach and players for their 2-0 loss to Mali in the third-place decider of this year's African Cup of Nations on Saturday.
Despite starting the competition as a (...)
Ghana's coach Goran Stevanovic has admitted he had difficulty motivating his players for their African Cup of Nations (CAN) third-place playoff against Mali on Saturday.
The Black Stars began the tournament as favourites but lost 2-0 to the West (...)
AC Milan's Italian-Egyptian attacking midfielder Stephan El-Shaarawy assisted in his side's first goal, edging to net the second goal in the 2-1 win over Udinese in the 23rd matchday of the Serie A League on Saturday.
“Thank you Pharaoh! Grazie (...)
Zambia goalkeeper Kennedy Mweene revealed on Sunday that he doesn't fear Ivory Coast's world-class striker Didier Drogba, who he will face in the African Cup of Nations final on Sunday.
“Rinard (Zambia's coach) asked us to focus on our own (...)
Despite dominating Zambia in the 2012 African Cup of Nations semifinal, Ghana lost 1-0 and failed to book a place in the final.
“We dominated possession throughout the game. It was unfortunate they scored from the two chances that came their way. (...)