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20.8% increase in investments in Egypt during January: Nasr

Sahar Nasr, minister of investment and international cooperation, announced that new investments in Egypt increased by 20.8% in January compared to January 2017, to reach EGP 5.2bn, while issued capital increased by 62.3% compared to January 2017 to reach EGP 4.2bn. This is according to the January 2018 issue of the monthly bulletin published on …

Nihal Samir

Urban Communities Authorities investments worth EGP 15bn during 6 months

Investments of the Urban Communities Authority amounted to EGP 15bn during the first half (H1) of the current fiscal year, distributed over housing and infrastructure projects. The investments approved by the commission in the 2017/2018 plan amount to EGP 30bn and aim to increase them to EGP 40bn till the end of June 2018. According …

Mohamed Darwish

The meeting was attended by Mohammed Bin Omair, and Hesham Taha

Mamish, Nasr discuss UAE’s Bin Omeir plans to increase investments in Egypt

Minister of Investment and International Cooperation, Sahar Nasr, and Chairman of the Suez Canal Authroity and the Suez Canal Economic Zone, Mohab Mamish, discussed the plans of Bin Omeir Holding Company to expands its investments in Egypt across several fields, including transportation, education and health. The meeting was attended by Mohammed Bin Omair, Chairman of …

Daily News Egypt

Banks’ investments in T-bills reached EGP 549.96bn

Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end of September 2017, against EGP 522.35bn in August 2017, up by EGP 27.6bn. Public sector banks’ investments in T-bills reached EGP 269.938bn, while private banks’ investments reached EGP 247.358bn. Meanwhile, specialized banks’ investments reached EGP 11.138bn, and foreign banks operating in Egypt invested …

Daily News Egypt

Al-Shobokshi, Al-Sharbatli inject new investments worth $2.15bn in Egypt 

Minister of Investment and International Cooperation Sahar Nasr announced that she agreed with Saudi businesspeople Fahd Al-Shobokshi and Abdul Rahman Al-Sharbatli to inject new investments in Egypt worth $2.15bn. During the meeting, they discussed increasing their investments in Egypt, as the group’s current investments is about $3bn. The meeting saw the discussion of the investors’ intentions …

Nihal Samir

NI Capital, Ayady, Post for Investments launch EGP 50m micro-finance fund

NI Capital, the investment arm of the National Investment Bank, Ayady for Investment and Development, and Post for Investments have joined forces to establish Tamweely for Microfinance with an issued capital of EGP 50m and an authorised capital of EGP 500m, according to a press release on Tuesday. According to the statement, Tamweely for Microfinance …

Elsayed Solyman