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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

Investors welcome economic reforms in Egypt: CI Capital

CI Capital arranged one-on-one investor meetings for the Egyptian Finance Minister Amr El-Garhy in London on 26 April. Several meetings were held and attended by El-Garhy, alongside global fund managers who manage assets totalling $3.7tn. CI Capital stated that the positive outlook of investors on Egypt was strengthened by the economic reforms currently undertaken, illustrating the …

Daily News Egypt

Too early to predict US foreign investments policy: Nafea

In spite of the harmony between Egyptian President Abdel Fattah Al-Sisi and US president Donald Trump, economic experts believe that it’s hard to guarantee bilateral relations are going to improve and that Trump’s good personal relation with Al-Sisi doesn’t mean economic relations will improve. According to Trump’s statements, which voice his putting America first to …

Hisham Salah