investment

Egypt sets strategies to lure investments into specific sectors: GAFI chairman

Mon, 07 Aug 2023 - 05:32 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba told press Monday that strategies are being set to bolster specific sectors.

Government must continue crisis mitigation, economic reforms: Egyptian president

Sun, 06 Aug 2023 - 02:00 GMT

President Abdel Fatah al-Sisi held a meeting Sunday to learn about the updates of the country's economic performance which has been influenced by global challenges.

Egypt plans to develop existing free zones, introduce more starting from Alexandria

Sun, 30 Jul 2023 - 10:25 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba held Saturday a meeting with members of the Investors Association of Alexandria Public Free Zone.

Boosting Savings: Egyptian Banks Offer Attractive Returns on Investment Certificates

Fri, 28 Jul 2023 - 01:10 GMT

The steps taken by Banque Misr and Commercial International Bank are part of an effort to attract hard currency, which the Egyptian market has been facing a shortage of for several months.

Eurasian Resources Group expresses interest in investing in Egypt's market

Wed, 19 Jul 2023 - 08:02 GMT

The Eurasian Resources Group specializes in mining, energy, transportation, and marketing operations in 16 countries worldwide.

Egypt's GAFI announces winners of Sustainable Development Excellence Award

Thu, 13 Jul 2023 - 05:02 GMT

The authority also announced for a month.

PM reviews gov’t public offering program, announces plans to boost investment

Tue, 11 Jul 2023 - 04:09 GMT

Egypt's Prime Minister, Dr. Mostafa Madbouly, has said the state is aiming to enhance dollar revenue proceeds.

Golden Triangle development project is a vital national project, PM

Mon, 10 Jul 2023 - 10:57 GMT

In terms of industrial activities, designated land has been allocated in Safaga's industrial zone 9.1 for the implementation of industrial projects

Hilton Group to operate hotels in Maspero Towers, Cairo Citadel Aqueduct

Wed, 05 Jul 2023 - 11:32 GMT

Prime Minister Mostafa Madbouli attended Wednesday the signing ceremony of two contracts between the Ministry of Housing's City Edge and Hilton Group.

Egyptian Gov't aims to increase FDI to $16 Bln by FY 25/26

Tue, 27 Jun 2023 - 06:11 GMT

A parliamentary report issued by the Senate Financial, Economic and Investment Affairs Committee studied the economic and social development plan for the fiscal year 2023/2024 submitted by the government to Parliament.

Egypt's GAFI ranks 1st among 74 IPAs worldwide in WAIPA report's EGS Practices index

Thu, 15 Jun 2023 - 02:11 GMT

GAFI ranked first among 74 investment promotion agencies (IPAs) worldwide in the "Environmental, Social, and Governance (EGS) Practices" index in the 2023 report by the World Association Investment Promotion Agencies (WAIPA).

Egyptian president, Iraqi PM hold talks on security, economic cooperation

Tue, 13 Jun 2023 - 02:22 GMT

President Abdel Fatah al-Sisi received Tuesday at Al Itihadiyah Presidential Palace Iraqi Prime Minister Mohamed Shia' Al Sudani.

4,200 job opportunities provided by 4 new projects in Suez Canal Economic Zone

Mon, 12 Jun 2023 - 07:11 GMT

The job opportunities were distributed by 1,200 opportunities provided by the Chinese Shen Feng project for rolling iron in Sokhna.

Saudi Egyptian Industrial Investment to acquire 70% of El Nasr Glass and Crystal Company

Sun, 11 Jun 2023 - 04:21 GMT

This comes after MIH and SEII signed an agreement that aims to develop and increase the capital and pump new investments in El Nasr Glass and Crystal Company.

Egypt, Gulf Cooperation Council discuss regional issues, draft cooperation work plan

Thu, 08 Jun 2023 - 12:52 GMT

Assistant to the Minister of Foreign Affairs for Arab Affairs Ambassador Alaa Mousa co-chaired Monday a meeting of senior officials from the foreign ministries in Egypt and Gulf Cooperation Council's member states.

Egypt to inaugurate 7 textile factories worth LE31B in 2024

Mon, 05 Jun 2023 - 03:34 GMT

The total cost of the factories is LE31 billion, including a €600-million loan that is being used in the purchase of machinery.

Egypt, African Association for Automotive Manufacturers sign MoU on technical support for AIDP

Mon, 05 Jun 2023 - 01:54 GMT

Prime Minister Mostafa Madbouli attended Sunday evening the signing of an MoU between the automotive unit at the Ministry of Trade and Industry, and the African Association for Automotive Manufacturers (AAAM).

Egypt's GAFI, Petrotrade sign cooperation protocol on safe disposal of petroleum waste

Mon, 05 Jun 2023 - 12:07 GMT

GAFI will make it mandatory for the 2,400 oil companies operating in Egypt's investment and free zones to deliver their waste to Petrotrade.

Egypt Gov't increases investment in green economy by 40%

Thu, 01 Jun 2023 - 07:52 GMT

One of the most important steps is that the Egyptian state is adhering to strict application of environmental sustainability standards in all its projects and sectors.

Egypt Gov't increases investment in green economy by 40%

Thu, 01 Jun 2023 - 07:51 GMT

One of the most important steps is that the Egyptian state is adhering to strict application of environmental sustainability standards in all its projects and sectors.

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