foreign investment
Allianz to maintain Egypt operations despite economic, political situation
Business
January 22, 2013
Allianz to maintain Egypt operations despite economic, political situation
Amid a harsh climate for foreign investment, German insurance company Allianz said it is not considering leaving the Egyptian market…
Emirati producer to create beet sugar plant in Egypt
Business
January 22, 2013
Emirati producer to create beet sugar plant in Egypt
Al-Ghurair Group, an Emirati sugar producer, is creating a project in Egypt for the production of high quality sugar from…
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
Business
January 20, 2013
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
Orascom and a group of American investors, among them Microsoft giant Bill Gates, have set into motion a transaction set…
Egypt, Qatar ministers continue talks on investment projects
Business
January 17, 2013
Egypt, Qatar ministers continue talks on investment projects
The Qatari Finance Minister Youssef Hussein Kamal met with Egyptian Minister of Investment Osama Saleh on Thursday to discuss joint…
Central Bank: US$5 bn in foreign investments left Egypt in six months
Business
January 16, 2013
Central Bank: US$5 bn in foreign investments left Egypt in six months
A total of US$5 billion in foreign investments left Egypt during the last six months, the Central Bank of Egypt…
World Bank: Egypt’s GDP, non-oil cash flows could grow significantly
Egypt
January 16, 2013
World Bank: Egypt’s GDP, non-oil cash flows could grow significantly
The World Bank has predicted that Egypt's GDP will grow at a rate of 3.8 percent in the fiscal year…
Al-Azhar: Ministry-proposed bonds at odds with Sharia
Business
January 2, 2013
Al-Azhar: Ministry-proposed bonds at odds with Sharia
Members at Al-Azhar's Islamic Research Academy have rejected a Finance Ministry-proposed bill sanctioning the introduction of Islamic financial bonds, saying…
State budget suffers incurable disease, says finance minister
Business
December 30, 2012
State budget suffers incurable disease, says finance minister
The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
Stock market ends on high note amid increased investor optimism
Business
December 20, 2012
Stock market ends on high note amid increased investor optimism
The Egyptian Stock Exchange rose on Thursday after the announcement of positive news related to the economy. This, combined with…
South Korea eyes multi-million dollar investments in Egypt
Business
December 18, 2012
South Korea eyes multi-million dollar investments in Egypt
South Korea plans to invest US$583 million in Egypt, South Korean ambassador Young-so Kim said on Tuesday, adding that the…