Egypt
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IFC invests close to $200m in Egypt, eyes opportunities in infrastructure, manufacturing sectors
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market…
Egypt, Nissan agree to make 100,000 cars yearly
The minister for public enterprises, Hesham Tawfik, has revealed that the Egyptian state-owned carmaker El Nasr Automotive Manufacturing…
Raya to infuse EGP 250m in its recycling factory
Raya Holding for Financial Investments has disclosed it decision to invest more than EGP 250m in BariQ, the…
Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018
A survey conducted by Daily News Egypt on the results of the activities of banks operating in the…
Egypt’s gas production to increase to 7bn scf/day
The Ministry of Petroleum is targeted at increasing Egypt’s natural gas production to 7bn cubic feet daily (scf/day)…
Tameer achieves 64% growth rate in sales, profits in 2018
Tameer Engineering Consultants disclosed this in a recent press release that it has achieved a growth rate of…
Lafarge Egypt appointed as sole supplier of cement to construct tallest tower
Lafarge Egypt, a member of LafargeHolcim Group, has been selected by the Chinese CSCEC which implements skyscrapers in…
Egypt’s real estate market expected to attract foreign direct investment for 2019/21
The real estate market in Egypt continues to present positive growth indicators for the upcoming 2019 to 2021…
Egypt’s growth to reach 5.8% in 2020-World Bank
Egypt’s growth rate is expected to reach 5.8% in 2020, driven by the country’s reform programme, including the…
Egypt saves $3bn from halting gas importation
The Ministry of Petroleum has evaluated Egypt’s savings resulting from importing liquefied gas to be over $3bn this…
Egypt’s planning minister reiterates Gov’t efforts on water security
Egypt’s Minister for planning, Monitoring and Administrative Reform, Hala Al-Saeed, has disclosed that Egypt has applied huge efforts…
Egypt Gov’t to change contract system with Siemens
The Egyptian government has decided to change its contract with, German conglomerate company, Siemens to create a wind…
Cotton exports increases by 6.9% in Egypt
The Central Agency for Public Mobilisation and Statistics (CAPMAS) has disclosed that cotton export for the third quarter…
85 companies to execute solar energy projects in Egypt
Eighty-Five local companies intend to enforce the services of the solar energy feed-in tariff projects in Benban Aswan…
