The government, represented by the Ministry of Emigration, and the General Investment Authority, has started executive steps to attract the capitals of Egyptian investors abroad to implement projects in the local market. Nabila Makram, Minister of (...)
The Ministry of Public Enterprise Sector announced the completion of the Middle East and North Africa's largest information technology tender for the digital transformation of the ministry's subsidiaries. SAP and Microsoft won the tender to manage (...)
Minister of Housing, Utilities, and New Urban Communities Assem El-Gazzar said that the ministry is preparing a list of projects to be presented to Egypt's Tharaa — the country's new sovereign wealth fund in the coming period.
On the sidelines of (...)
Egypt's newly established Sovereign Wealth Fund "Tharaa" looks to partner with foreign investors for a number of projects offered by the Ministry of Public Enterprises Sector (MPES), Public Enterprises Minister Hisham Tawfik told Daily News Egypt on (...)
The Egyptian General Petroleum Corporation (EGPC) formed a new committee to valuate the assets offered by the Ministry of Public Enterprise Sector to settle the debts owed by the ministry's subsidiary companies to the EGPC.
A government source told (...)
The OPEC Fund for International Development (OFID) secured $165m in financing for the Egyptian market from January to the end of June. Saud Al-Rajhi, a member of OPEC's private sector finance and trade department, said the first half funds included (...)
This morning, the ministry of public enterprise sector launched the Gosour application to facilitate trade in Africa.
The Minister of Public Enterprise Sector, Hesham Tawfik, said during his speech at the ‘Gosour for International Trade in Eastern (...)
Daily News Egypt (DNE) learned from sources in the government that the ministry of investment and international cooperation has contracted with McKinsey & Company to promote investment in the Egyptian market, on the international market levels.
The (...)
“Britain is not independent to conclude a free trade agreement alone with Egypt or any other country now. We are in a transitional period in which we seek to provide guarantees to the countries cooperating with us, not to affect the bilateral trade (...)
The ministry of public enterprise sector will conduct, in cooperation with the Egyptian Commercial Service Office )ECS(,a promotional tour in a number of countries to attract bids for the development of the El Nasr Automotive Manufacturing (...)
Chairperson of the Saudi-Egyptian Business Council, Abdullah bin Mahfouz, told Daily News Egypt that the business plan of the council in 2019 has three main objectives: increasing mutual trade exchange, especially in the agricultural and mining (...)
Egypt Kuwait Holding Company (EKH) plans to create a wood factory over an area of 30 feddan in the Minya Governorate, with $3bn investments, the EKH's Chairperson and CEO Moataz Al-Alfy said.
"The factory will be mostly self-financed; however, we (...)
The Founder of the Egyptian Franchise Development Association (EFDA), Moataz Al-Alfi, stated in a roundtable meeting on Wednesday, that the total investments of franchising in Egypt recorded about EGP 80bn, with an estimated annual sales of EGP (...)
The Ministry of Public Enterprise sector, in coordination with the Ministry of Industry and Trade, has started to recruit a major international company to revive El Nasr Automotive Manufacturing Company.
A strategy prepared by the Ministry of the (...)
Since Khaled Badawy took office as minister of public sector affairs in January, he focused on debt settlement and exploitation of unutilised assets.
Badawy worked on tackling four main portfolios in parallel. First, settling the debts of the (...)
Egyptian businessperson Naguib Sawiris plans to resume negotiations with the Ministry of Investment and International Cooperation to contribute to the newly established Egypt Ventures investment firm for financing entrepreneurial ideas.
Sawiris told (...)
The Matrouh Governorate allocated EGP 776.5m for the implementation of several investment projects in the next fiscal year.
Alaa Abu Zeid, governor of Matrouh, said that the investment allocations for the governorate are the largest in the country (...)
An investment delegation consisting of 70 major Saudi companies will visit Cairo next week to discuss investment and trade opportunities.
Ahmed Al-Wakil, member of the Egyptian-Saudi Business Council, said that the council will hold a meeting on the (...)
Daily News Egypt learned that an English investment fund had made an offer to the Canadian Valeant Pharmaceuticals International Inc. to acquire its Amoun Pharmaceutical for $600m.
Sources close to the deal said the English fund was seeking to (...)
The East African Community (EAC), which includes the countries of Tanzania, Kenya, Rwanda, Burundi and South Sudan, ratified the three economic bloc agreements (COMESA, SADC, East Africa) for the first quarter of this year.
According to government (...)
The Egyptian government agreed with four central African countries on the establishment of an international road to facilitate inter-trade, according to Vice Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Alaa Ezz.
He told (...)
Minister of Investment and International Cooperation Sahar Nasr described the trade and investment exchange between African countries as not being achieved in the past years, compared to other continents.
Nasr said the economic growth rates achieved (...)
Elsewedy Electric Group intends to establish three logistics centres in Kenya, Djibouti, and Tanzania in the coming period. Ahmed Elsewedy, CEO of the group, said that the three centres will be used to store Egyptian goods exported by his group, as (...)
The Ministry of Electricity has set the maximum price for buying recycled energy at 135 piastres per kWh from recycling projects.
On Sunday, the Ministry of Environment sent a memo to the Ministry of Electricity on bids from investors wishing to (...)
Hisham Talaat Moustafa, the head of Talaat Mostafa Group Holding Company (TMGH), estimated the total investments in Madinaty and Al Rehab at EGP 455bn.
He said, in remarks to the press, that total investments into Madinaty will reach EGP 420bn.
The (...)