Latest in Highlight
The UAE agricultural company is aiming at 25,000 operational feddans by 2020
Several other agreements worth €4bn signed between Siemens and Egyptian government on second day of summit
An invitation to all banks for national plan fund for governorate developments, youth job opportunities
FEDCOC presents economic and political roadmap, procedural and legislative reforms, investment opportunities
Since President Abdel Fattah Al-Sisi took leadership of the country, Egypt has been developing its foreign policies, mostly driven by the restoration of international relations in order to boost its economy, which has been dire since the revolution that toppled Hosni Mubarak in 2011. As soon as he was inaugurated, Al-Sisi started a tour around …
International institution will work on increasing investments in infrastructure, projects that provide employment opportunities for youth
Egyptian Minister of Housing Mostafa Madbouly announced Sunday the signing of memoranda of understanding for four real estate and tourist projects with $12.7bn total, at the Economic Summit. Madbouly said that the ministry signed a memorandum of understanding (MoU) with Egyptian Mountain View and Saudi Sisban Holdings, to launch two real estate projects. The first …
The signing took place on the third day of the Economic Summit in Sharm El-Sheikh, for a zone which, it is planned, will account for 30%-35% of Egypt’s economy in 10 years’ time.
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments.
Campaign entitled “Towards a Fair Labour Law” presented draft of Labour Law to the Ministry of Manpower
Representatives from several countries, including the US, support Egypt’s fight against terrorism
Al-Sisi tightens completion deadlines of Siemens and General Electric projects
MoUs total $92bn, minister says
Egypt’s Foreign Minister receives delegates from US, Malawi, Japan, COMESA and Union for the Mediterranean
The new investment law is there, but we need the government to make it happen, says Ahmed El-Shaikh
Ulyukayev said cooperation with Egypt will not be limited to the power plant, but also in delivering technology and staff training.
Gas output to increase by 170mn cubic feet per day by 2017
A loan agreement between the Khalifa Fund for Enterprise Development, the Egyptian Ministry of International Cooperation and Social Fund for Development has been reintroduced, according to Khalifa Fund Chairman Hussain Jasim Al-Nowais. The agreement worth $200m was initially proposed in November 2014, to invest in Egyptian micro-project developments, following all the legal procedures in both …
Kuwaiti Minister of Finance Anas Khalid Al-Saleh said that he received orders from the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, to immediately begin depositing $2bn at the Central Bank of Egypt (CBE). On the first day of the Economic Summit in Sharm El-Sheikh, the Emir announced that Kuwait will provide an aid package …
Talks are currently being held with ICT Ministry to host first privately-owned computer cloud in Egypt, says Talal Abu-Ghazaleh
Total announced deposits from several GCC countries in the CBE valued at $5.25bn
Relations with African countries saw improvement, several attend Economic Summit
Israel uninvited, despite president’s opinion praising relations with Netanyahu
Al-Sisi discusses regional affairs with European representatives at Economic Summit
Ministry relies on marketing for various investment opportunities in the Summit
52 countries participating in Economic Summit in Sharm El-Sheikh, UAE and US largest participating delegations
From project announcements to attendance, EFG Hermes Research offers insight into how to judge the government’s unprecedented bid to thrust Egypt back into the global investment spotlight.
The number of Algerian tourists who will visit Egypt will be approximately 1.5 million, starting this year, Algerian Prime Minister Abdelmalek Al-Sallal has told Daily News Egypt. “We asked Prime Minister Mehleb to facilitate procedures of Algerian tourists’ arrival in Egypt during this year,” Al-Sallal said. On the sidelines of the Economic Summit’s second day …
Investment, tax laws issued in last few days, which increase country’s attractiveness to foreign capital
755 international companies attended Summit’s first day