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EGP ending CY 2019 at 17.26 per USD, CY 2020 at EGP 17.82 per USD, says FocusEconomics
Collective growth of assets classes, excluding capital protection and guarantee, while money market, Islamic funds top the list
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
Company produces 40,000 barrels of crude oil per day, says company’s CEO
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.
Companies injected $1bn in new investments in 3 years, says Danish ambassador
Education, health sectors have yet to benefit from reforms’ freed-up resources, says report
The second edition of the country’s cross sector investment map includes new 2,000 investment opportunities in addition to the 10,000 opportunities that were already in the first edition, a statement of the MIIC said.
The proposed acquisition aims to increase the market share of Prime Holding in the Egyptian market to compensate for the low transaction values in the Egyptian market, Prime Holding Vice Chairperson, Mohamed Maher, told Daily News Egypt
Regarding the visits of German business delegations to Egypt, the ambassador commented that many small, medium, and big business delegations are interested in investing in Egypt.
Delegation includes approximately 40 Egyptian companies in various fields
Trade exchange between Egypt, Russia hits $7.66bn in 2018
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.
Bank achieved 12% increase in net profit in Q1 of 2019, rise in financial position to EGP 49.3bn: Refaey
Ministry allocated EGP 425m for 16 projects, EGP 2bn to develop stadiums in New Capital to be completed in June
FDIs likely to record $9.5bn in FY 2018/19
Company plans to begin implementation of Badya in 2Q19
Last month witnessed opening 2,059 firms, expansion of 113 others
Egyptian-Korean cooperation in railways, water treatment fields
Nissan, Toyota assembling cars, manufacturing parts, says Japanese ambassador
Prime Minister, Minister of Investment sign agreement with global asset management company to attract large investments
Dues owned to foreign companies will be fully paid this year, says petroleum minister
The Middle East and North Africa (MENA) startup ecosystem witnessed a record year in terms of investment growth in MENA-based startups in 2018, recording 31% increase in funding from 2017, according to a recent report issued by MAGNiTT. According to the report, a record number of deals, with $893m was invested across 366 deals in …
Company will start work next month, government considering hiring another international company for research purposes: sources
Automation of work procedures in free zones to be generalised, says Nasr
Group leading investment firm in services, industry, ICT sectors, says MIIC
Qalaa Holdings Group, Al Rajhi, LG Electronics, Egyptians Steel Group elaborate on their investments’ updates
If you are new to the gold market, then it may at first seem difficult to get your head around investing in gold, so here is a handy beginner’s guide to help you get started.