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 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 (...)
Samir Abdul Shafi, the economic adviser of the General Authority for the Suez Canal Economic Zone (SCZone), revealed the SCZone agreed with US companies Pfizer and Johnson & Johnson, Swiss company La Roche, and French company Sanofi to invest in the (...)
Minister of Investment and International Cooperation, Sahar Nasr, held a meeting on Sunday with a large group of investors to inform herself about their ideas on investments and legislation.
During the meeting, Nasr stressed that the government is (...)
Egypt has attracted $500m worth of foreign investment in government debt tools and the Egyptian Exchange (EGX) since the decision to float the Egyptian pound on 3 November, according to Deputy Finance Minister for financial policies and (...)
Crédit Agricole Egypt has collected $150m from clients since the liberalisation of the Egyptian pound, out of $3bn collected at all banks since the Central Bank of Egypt floated the national currency on 3 November, according to chairperson and (...)
Even though the Egyptian cabinet approved a 20% increase in prices for all drugs that cost less than EGP 30 in May, the problem has not been diluted—and the shortage in medicines has continued to spread.
Ahmed El-Ezabi, head of the Pharmaceutical (...)
In cooperation with the finance and business communities, the Ministry of Investment is conducting a comprehensive revision of the laws regulating investment in Egypt, as a prelude to deciding on either amending the Law of Investment Guarantees and (...)
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 (...)
Coca-Cola plans to implement investments worth $500m in the Egyptian market over the next three years.
Ghada Makady, public affairs and communication manager at Coca-Cola Middle East and North Africa, said that Coca-Cola is committed to implement (...)
Amendments might be made to Investment Law No. 17 of 2015, which will allow all parties to allocate land rather than allocating it through the General Authority for Investment and Free Zones (GAFI), government sources told Daily News (...)