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Investment News in Egypt

855 Firms Founded in Egypt During March, Highest Since 2005
4/5/2014 - 855 new companies were founded in Egypt during March 2014, highest in 9 years, according to Trade, Industry & Investment Minister Mounir Fakhry Abdel Nour. The newly-founded companies throughout March...
Egypt to Offer 60,000 feddans for Reclamation
4/9/2014 - Minister of Agriculture and Land Reclamation Ayman Farid Abu-Hadid expressed Egypt's readiness to offer 60,000 feddans for reclamation.

Abu-Hadid's statements came during an annual meeting ...
Egypt’s Consul in Milan: Italian Factories to Be Transferred to Egypt
4/10/2014 - Egypt's Consul General in Milan Ali el-Halawani said that a large number of Italian factories operating in garment, textiles and furniture expressed their willingness to transfer their works to the Eg...
186, 000 Contracts Signed to Supply 4.25 million Wheat tons
4/22/2014 - Agriculture and Land Reclamation Minister Ayman Farid Abu-Hadid said that the number of contracts signed with the local wheat farmers for the current season hit 186,000.

In statements on 21...
Swiss Delegation in Cairo Mid June for Considering Investment Opportunities
4/25/2014 - Investment, trade and Industry Minister Mounir Fakhry Abdel Nour said that Swiss companies' delegation will visit Cairo mid next June for discussing available investment opportunities whether via carr...
Government Keen on Encouraging Real Estate Investments
4/25/2014 - The government is keen on encouraging investments in real estate filed as long as there are serious investors, said Housing Minister Moustafa Madbouli.

During his meeting with members of th...
Citadel Capital Divests Sudanese Egyptian Bank in US$ 22 mn Sale
4/27/2014 - Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading investment company in Africa and the Middle East, has exited its full 66.12% stake in Sudanese Egyptian Bank (SEB) in a US$ 22 million s...
Helmy Reviews Future Plans of US Teleco Firms in Egypt
4/29/2014 - Eng. Atef Helmy, Egyptian Information and Communication Technology (ICT) Minister met on Monday a numbers of officials from US telecom firms operating in Egypt in order to discuss their future plans i...
Vodafone to Invest EGP 9bn in Egypt
5/5/2014 - Vodafone announced that it is planning to invest EGP 9bn in Egypt. The future investments will create 3,000 job opportunities for Egyptians until 2017 with the aim of revitalising the economy, accordi...
EGP 4.4bn for Urgent Projects Nationwide
5/17/2014 - Minister of Local Development Adel Labib announced allocating EGP 4.4 billion for the governorates with a view to carrying out urgent projects and meeting urgent needs, of which EGP 2.1 billion from t...
EGP 80bln Total Investments for Franchise Sector in Domestic Market
5/17/2014 - The volume of investments in Franchise sector in the domestic market estimated at EGP80billion , Tarek Tawfik, Chairman of Egyptian Franchise Development Association (EFDA) said. Tawfik explained that...
Porsche Invests €450,000 in Egypt
5/22/2014 - SMG to open new Porsche dealership in 6th of October City, Abu Rawash.

Managing director of Engineering Automotive Corporation (SMG) Ibrahim Ghattas said Porsche will invest €450,000 in the...
40,000 Feddans in Sinai Put for Sale for Egyptians
5/24/2014 - The Ministry of Agriculture and Land Reclamation put 40,000 feddans in Sinai for sale for Egyptians only.

Some 10,000 feddans will also be dedicated to Sinai residents, while 30,000 feddans...
Bourse Gains EGP 5.5 billion, Main Index up 2.04%
5/24/2014 - The Egyptian Exchange (EGX) gained EGP 5.558 billion during last week's trading, according to a weekly report on 23/05/2014.

The EGX 30 benchmark index rose 2.04 percent making 8,827 points...
EGP 3.69bn to Be Invested in Petroleum by Public Sector Companies for 2014/2015
6/3/2014 - Throughout the coming fiscal year, oil companies owned by the public sector are striving to amass EGP 1.3bn in investments in the fields of research and oil and gas production, according to President ...
CBE: Foreign Reserve down by USD 206 million in May
6/6/2014 - The country's foreign currency reserves were down by $206 million to $17.283 billion in May compared with $17.489 billion in April, the Central Bank of Egypt said on 05/06/2014.

The declin...
Egypt’s New Investment Minister Says To Lure More FDI
6/17/2014 - Egyptian Prime Minister Ibrahim Mehleb appointed veteran banker Ashraf Salman as investment minister, state-run news website al-Ahram said.

The decision to appoint a separate investment min...
UAE’s Al Habtoor Eyes Huge Investments In Egypt
6/17/2014 - Khalaf Al Habtoor, Chairman of UAE-based Al Habtoor Group is intending to inject huge investments in Egypt over the coming period, sources in Egypt said, adding that the top official arrived in Cairo ...
New Investment Minister Announces Exit from Investments and Posts
6/18/2014 - Ashraf Salman, Minister of Investment in the newly-formed Mehleb government, said he has begun disengaging from his current investments he currently, and has resigned from his advisory and executive p...
Moustafa Kamal Settles Six Disputes with Investors
6/21/2014 - Minister of Housing, Utilities and Urban Communities Moustafa Kamal Madbouli said that the ministry has succeeded to settle six disputes with investors during the past three months.

Ministe...

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