Latest Business News
EBRD continues supporting Egypt’s efforts to attract FDI in 2016
Egypt is important for EBRD, ranks number 4 in terms of investment…
Egypt’s government adopts holistic approach to reform the energy sector: AfDB
AfDB hopes reducing energy subsidies in Egypt to 3.3% in FY2016
Egypt signs 21 economic cooperation agreements with China
China lends Egypt $1.8bn, $800m of which is for NBE and Banque…
10% increase in Schneider Electric’s investments in 2016
We are participating with the Ministry of Electricity and renewable energy companies…
Acwa Power seeks to finalise contracts to implement power projects in 2016
The government is working to provide facilitations and incentives for investors to…
Negotiations continue with ADFD, IDB to determine size of contribution to development projects in Egypt: Nasr
We will work to employ loans and grants well, to improve the…
OFID grand $40m loan in coordination with SFD
The loan will have a 4% interest rate, and the fund has…
AFESD to provide $200m to fund wells, water desalination projects in Sinai in 2016
Egypt is heading for the better thanks to the recent financial and…
We will finance development in Sinai to clear it of terrorism: KFAED Chairman
We will inject $900m over three years, says Al-Bader
Egypt is a large consumer market, return of investment is still high: Al-Attas
Saudi Fund for Development allocates $1.5bn for development projects in Sinai