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Investment News in Egypt

Egypt Considering 1.5 b Bond as it Repairs Economy
10/24/2014 - Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Ministe...
5th Round of Egyptian-Ethiopian Committee in Addis Ababa
11/1/2014 - The Ethiopian Capital Addis Ababa hosted on Saturday 01/11/2014 the 5th round of Egyptian-Ethiopian Joint Committee for two days on the level of senior officials.

The 5th round's meetings w...
56% Shareholders of Egypt's Bisco Misr Agree to Sell
11/2/2014 - Shareholders holding 56 percent of Egyptian snack maker Bisco Misr have agreed to sell their shares to United Arab Emirates-based Abraaj Investment Management, Bisco Misr said.

Abraaj Inves...
SODIC Raises $139 mln for New Projects
11/3/2014 - SODIC, Egypt's third-largest listed property developer, has completed a 1 billion pound ($139 million) capital increase to help finance new projects as the country's real estate market begins to recov...
Egypt's OCI to Build Coal Power Station on Red Sea Coast
11/5/2014 - Egypt's Orascom Construction, a subsidiary of OCI, has announced plans to build a 2,000 to 3,000 megawatt coal-fired power plant in Egypt in a joint venture with Abu Dhabi's International Petroleum In...
OCI Plans Egypt, UAE Listing for Construction Business
11/6/2014 - Netherlands-based chemicals producer OCI said it plans to seek listing for its construction business in Egypt and the United Arab Emirates, a day after it announced plans to build a $2.5bn power plant...
Egypt's Palm Hills Q3 Profits Rise to 129.7 mln
11/9/2014 - Palm Hills, Egypt's second-largest listed real estate developer, said on Sunday third-quarter net profits rose to 129.70 million Egyptian pounds ($18 million).

The company reported profits ...
Egypt Consumer Inflation Rises to 11.8 Pct in October
11/10/2014 - Egypt's annual urban consumer inflation quickened to 11.8 percent in October from 11.1 percent in September, the official statistics agency CAPMAS said on Monday.

Inflation fell in Septembe...
Egypt's EFG Hermes Posts 57 Pct Rise in Q3 Profit
11/11/2014 - EFG Hermes, one of the Middle East's largest investment banks, posted on Tuesday a 57.4 percent year-on-year increase in third-quarter net profit after minority interests to 100.40 million Egyptian po...
Lebanese Minister Appreciate Egyptian Efforts for Terrorism
11/11/2014 - Interior Minister Mohamed Ibrahim met on Monday 10/11/2014 Lebanese Minister of Interior Nehad al-Mashnouq with whom he discussed aspects of bilateral cooperation. The Lebanese minister said his c...
Egypt Pound Weakens as Market Fears Qatar Deposit Repayment
11/17/2014 - Egypt's pound weakened against the dollar on the black market Sunday on concerns about the return of billions of dollars in deposits to Qatar later this month.

The pound exchanged at around...
35 US Companies Wish to Invest in Suez Canal Project
11/18/2014 - Director of operations at Dar al-Handasah- that is responsible for devising the general plan of the Suez Canal Corridor Development Project- Yehia Zaki asserted that the US investors expressed their w...
Egypt Says it Resolves Land Dispute with Dubai's Al-Futtaim
11/20/2014 - Egypt said on Wednesday it had resolved a long-standing dispute over a land sale with Dubai-based conglomerate Al Futtaim Group, as the government seeks to clear a backlog of such disputes in order to...
Govt to Issue Unified Investment Law
11/23/2014 - President Abdel Fattah Sisi has confirmed the government's intention to issue a unified investment law, said presidency spokesperson Alaa Youssef.

Saudi Ambassador Ahmed Abdel Aziz Qattan ...
Beach Looks at Selling Egyptian Assets on Australia
11/25/2014 - Beach Energy Ltd. (BPT) is considering selling its holdings in Egypt as the company focuses on Australia, where it’s exploring with Chevron Corp.

The decision on what to do with the assets,...
Egypt Pays Back $2.5b Deposit to Qatar
11/29/2014 - Egypt has paid back $2.5 billion that Qatar deposited with it to help prop up the Egyptian central bank's hard currency reserves, a central bank official said on Friday night, as the Qatari foreign mi...
Regulations of Amendments to Real Estate Tax Law
12/1/2014 - Officials have concluded the executive regulations of amendments to the new real estate tax draft law, says Finance Minister Hany Qadry Dimian.

The draft law was referred to State Council ...
16 Million Meters The Seize of Suez Trade City
12/3/2014 - Minister of Supply and Internal Trade Khalid Hanafi said the Egyptian government is currently working on a global trade and shopping area of the Gulf of Suez City, adding that the size of the city wil...
Growth in Egyptian Business Activity almost Stalls in Nov
12/4/2014 - Business activity in Egypt expanded in November for a fourth month but growth slowed almost to a standstill, a survey showed on Thursday, suggesting the economy is more stable but still fragile.
Suez Canal to Achieve Highest Revenues in its History
12/6/2014 - Chairman of the Suez Canal Authority Mohab Mamish said that the newly-launched Suez Canal project stands as Egypt's national project for the 21st century.

"We should make use of Egypt's dis...

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