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's government has signed Friday agreements of €300 million and grants of €400 million to finance development and investment projects during Africa 2017 Forum "Business for Africa, Egypt and the World" conference.
Egypt's Housing Minister (...)
Egypt's Ministry of Higher Education and South African Regent Business School have signed Saturday an agreement to establish an international university in Egypt during Africa 2017 Forum.
Egypt's Investment Minister Sahar Nasr and Higher Education (...)
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 (...)
The Africa 2017 Forum: "Business for Africa, Egypt and the World" conference is set to be held from 7-9 December 2017 in the Red Sea resort of Sharm El-Sheikh, Under the auspices of President Abdel Fatah al-Sisi.
The conference will be attended by (...)
"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 (...)
African continent expects to attract foreign direct investments (FDI) worth $40 billion within the financial year 2017/2018, Egypt's Investment Minister Sahar Nasr said Thursday.
Nasr stressed the importance of achieving development and pumping (...)
Egypt's asset-management firm Acumen Beltone is planning to raise a fund of as much as 150 million Egyptian pounds ($8 million) to invest in distressed industrial assets next March.
Acumen Beltone's chairman Hany Tawfik told Amwal Al Ghad on Tuesday (...)
Egyptian Bavarian Auto Group (BAG) studies executing projects in the new auto city which is set to be established in Suez Canal axe region on an area of 200,000 metres.
Speaking to Amwal Al Ghad on Wednesday, CEO Farid El Tobgui stated that BAG (...)
The total number of sold automotives in the Egyptian market is expected to rise by 18 percent by the end of 2016 to hit around 228,000.
Chairman of Egypt's Automotive Marketing Information Council (AMIC), Moustafa Hussien stated Tuesday that the (...)
Egypt's General Authority for Suez Canal Economic Zone- SCZone targets establishing trade zone in Suez Canal region for automotives firms within the upcoming period.
SCZone Chairman Ahmed Darwish added that the trade zone is set to be built on an (...)
The movement of Egypt's government to liberalise exchange rate system would cause financial losses for original automotive manufacturers within the upcoming period, Isao Sekiguchi -Chairman of Nissan Motor Egypt-stated Tuesday. The decision would (...)
Egyptian auto maker Ghabbour Auto -GB group got necessary approvals for establishing new factory for manufacturing motorcycles and auto rickshaws (Tuk Tuk).
Speaking to Amwal Al Ghad Tuesday, CEO Raouf Ghabbour said that the new factory would be (...)
A delegation of Singapore-based firm is scheduled to visit Egypt within the coming two weeks to discuss steps of developing 33 million square metres in Fayoum governorate.
Advisor to Minister of Industry and Trade, Yasser El Maghraby told Amwal Al (...)
Egypt's Ministry of Industry is scheduled to finish the first phase of Damietta Furniture City within upcoming nine months.
Advisor to Minister of Industry and Trade, Yasser El Maghraby stated Tuesday that the ministry started launching steel and (...)
The Egyptian Rural Development Company is in talks with state's Central Bank (CBE) and a number of banks over financing small investors and farmers among the 1.5 Million Feddans project.
During his speech at the second Egypt Mega Projects conference (...)
Egypt is negotiating to increase its upcoming cooperation portfolio with the African Development Bank (AfDB), Minister of International Cooperation Sahar Nasr announced Monday.
Speaking at Euromoney Egypt Conference kicked off in Cairo, Nasr said (...)
Egypt expects to receive the first $2.5 billion tranche of a $12 billion International Monetary Fund loan before the end of this year, Deputy Finance Minister Ahmed Kojak announced Monday.
A delegation from the Ministry of Finance and the central (...)
Dubai-based conglomerate Al-Futtaim Group's total investments in Egypt currently exceed $1 billion, said country head, Gamal Moharam announced Monday.
Government and central bank of Egypt have to cooperate to reach decisive solutions to the (...)
Partnerships between private and public sector play a vital role in promoting and facilitating the usage of electronic payment systems in Egypt, said MasterCard's President for Middle East and North Africa on Monday.
Speaking at Euromoney Egypt (...)