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Investment News in Egypt

Egypt's External Debt Declines 4% to $46.1 Bn in Sep. 2015
12/7/2015 - Egypt's external debt decreased by 4 percent to US$46.1 billion at the end of September 2015, compared with $48.1 billion at the end of June 2015, according to November 's central bank bulletin.
PM held a Meeting to Discuss the Projects Will be Launched During China President Visit to Egypt
12/8/2015 - PM Sherif Ismail met with the China unit in the cabinet of Ministers, the meeting was attended by the Ministers of electricity, agriculture, transport, international cooperation, trade and industry, a...
BP Enlarges its Stake in Gas Project in Egypt's Nile Delta
12/9/2015 - BP Egypt announced on Wednesday expanding its stake in the country’s West Nile Delta (WND) gas project to 82.75 percent after completing the acquisition of additional interest from Hamburg-based DEA D...
Sisi Approves $400mn Loan from IBRD for Social Scheme
12/10/2015 - Egypt's President Abdel-Fattah El-Sisi has ordered the approval of a $400 million loan from a World Bank Group institution for a social scheme aimed at benefiting up to 1.5 million Egyptian families, ...
Sherif Ismail Form Committee to Communicate with Investors
12/10/2015 - Engineer Sherif Ismail, President of the Council of Ministers, stated a resolution to form a committee under his presidency and with the membership of each of the following:

1. The governo...
CBE to Sell $1.1 Billion in T-bills on 15 Dec. 2015
12/10/2015 - Egypt’s Central Bank will issue one-year dollar-denominated treasury bills worth $1.1 billion to local banks and international financial institutions on 15 December, the MENA state news agency reporte...
€ 62m from EU to Support Egypt’s Development Projects
12/11/2015 - International Cooperation Minister Sahar Nasr witnessed the signing ceremony of two EU agreements worth EUR 62 million.

The ceremony was also attended by Housing Minister Mostafa Madbouli, Ed...
Establishing Developed Industrial Zone in Borg el Arab
12/12/2015 - Establishing a developed industrial zone in Alexandria Borg el Arab can lure LE8.6 billion investments, Trade and Industry Minister Eng. Tareq Qabeel said.

Speaking on the fringe of a visi...
Within Days, Egypt and Saudi Arabia Discuss Package of Major Investment Projects
12/12/2015 - The PM stressed on the deep bilateral relations between Egypt and Saudi Arabia, indicating that the release of the Coordinating Council of the Saudi Egyptian reflects the two countries were keen to su...
Communications Minister& Isys Delegation Discusses Kuwaiti Investments in Egypt
12/13/2015 - Communications Minister Yasser el Qadi met with a delegation of Kuwait's Isys Global Trading Group to discuss bilateral cooperation, particularly where the electronic payment industry is concerned.
Nassif Sawiris Acquires Remarkable Share in Irish C&C Group
12/13/2015 - Egyptian businessman Nassef Sawiris has acquired shares worth 22.4 million pounds in Irish alcoholics maker C&C Group, garnering him a 6.7 percent stake in the company.

The acquisition was...
The American Company Bechtel Confirms Pumping more New Investments in Egypt
12/13/2015 - PM Sherif Ismail met with the Mr. David Welch, the regional chairman of the Bechtel organization, Mr. Zaidoun Gawdat, the general manager of the company in Egypt, in the presence of Mr. Ashraf Salman ...
Egypt's Startups Compete For Venture Capital on Global Stage
12/15/2015 - Ahmed Galal’s dental business was not doing well for a year following Egypt’s 2011 uprising, before he started a new project.

The middle-aged Egyptian dentist decided to shut down his clinic...
Volume of Egyptian Investments in Sudan Reaches $11bn
12/15/2015 - Egyptian Ambassador in Sudan Ossama Shaltout asserted Egypt's keenness to participate and cooperate in economic development projects in Sudan.

In an exclusive interview with MENA on Monday...
Cairo Among The World’s Best Cities to Launch Startups
12/16/2015 - Despite the deteriorating economic situation in the country, Egyptian entrepreneurs seem to be gearing up to change current circumstances.

According to a recent Forbes article, young Egyp...
Egypt's CIB Approves negotiating Sale of CI Capital to Sawiris
12/17/2015 - The board of directors in Egypt's leading listed bank Commercial International Bank approved on Thursday moving forward with an offer by business tycoon Naguib Sawiris to acquire its investment bank s...
Sisi: Egypt Resolved to Overcome Bureaucracy for Investments
12/19/2015 - President Abdel Fattah El Sisi stressed that Egypt was more resolved to remove all bureaucratic obstacles and red tape to ease launching new investments.

Sisi's remarks were made at his inaug...
GAFI Chief: Egypt Enjoys political, Security Stability
12/19/2015 - Egypt enjoys the political stability and security that allows luring more investments, Alaa el Din Omar, the CEO of the Egyptian General Authority for Investment and Free Zones (GAFI) said.

...
Egyptian Banks to Finance New Siemens Power Plants with LE10 bln
12/20/2015 - The Egyptian Electricity Holding Company will sign a LE10 billion ($1.2 billion) loan contract with a group of banks to partially finance the country’s three new power plants with a combined capacity ...
USD 1.5 Billion Total Costs of Egypt's Sinai Project.
12/20/2015 - Visiting Egyptian Minister of International Cooperation Sahar Nasr has said that the total costs of the Sinai Peninsula reach USD 1.5 billion.

It includes several projects, in various sector...

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