Twenty lawsuits against government contracts are set to be rendered invalid for claims of corruption, following interim President Adly Mansour's approval of amendments to the Investment Law affecting litigation rights.
The law is to be applied (...)
The government will soon make available investment projects worth upwards of $4bn to Arab investors in an effort to revive the economy, according to Minister of Planning and International Cooperation Ashraf Al-Arabi.
In a statement read to (...)
Since 1994, Centmain, owner of the mining rights at the Al- Sukari goldmine, has pumped upwards of $836m worth of investments into Egypt, out of a total of $1bn, with the remaining $164m set to arrive over the next year, said the company's Director (...)
Investment Minister Yahya Hamed said that the government is seeking $3bn in direct foreign investments during the 2013-2014 fiscal year.
Hamed added that he had recently secured promises from Ahmed Heikal, president of the board of directors for the (...)
Mohamed Al-Makawi, advisor to Egypt's Minister of Finance for Foreign Relations, stated that Finance Minister Fayad Abdel Moneim recently requested $500m in aid from his Saudi Arabian counterpart, Ibrahim bin Abdel Aziz Al-Assaf. The request was (...)
Egypt's government requested that Turkey help to revive the country's economy during a recent trip made by Prime Minister Hesham Qandil, Defence Minister Abdul-Fatah Al-Sisi, Investment Minister Yahya Hamid and Amru Darag, Minister of Planning and (...)
Prime Minister Hesham Qandil signed an agreement on Sunday with Egypt's Slum Development Fund and the governorates of Cairo and Minya to fund the development of a series of projects in the Nile Towers neighbourhood of Ramlet Bulaq, in addition to (...)
Osama Salih, Egypt's Investment minister, is set to arrive on Wednesday in the Turkish city of Istanbul as head of an Egyptian delegation representing the country in the eighth annual Turkish-Arab Economic Forum, with a predicted audience of nearly (...)