Investment totaled $259.6 billion (€221.2 billion), with the figure representing the second year of decline after a peak in 2015 when foreign investors’ expenditure in the US hit $439.5 billion.
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El-Garhy expects headline inflation to hover around 15% by the end of next June
Direct lines of communication with international institutions to attract private sector financing
The country attracted USD 8.1 billion as FDI in 2016
New wave of economic reforms, liberalisation of EGP are huge leap towards luring foreign investors back to Egypt and strengthening economy, says PwC report
Egyptian government, 50 international investment funds with over $4tn in AUM set to participate
Our investment policies target improving citizens’ lives and increasing employment
On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …
Middle-income housing accounts for 25% of market needs, says Palm Hills CEO
The Egyptian economy is a war economy; all Egyptians should stick together to safely overcome this stage, says Elkady
“It’s the economy, stupid” was the original phrase which James Carville coined as a lead strategist for Bill Clinton’s successful presidential campaign in 1992 against the then sitting president George H. W. Bush. Its effect was magical. In 1991, 90% of polled Americans approved of Bush’s performance days after American troops moved to defeat Saddam …
Egypt ranked second in the list of top African countries with FDI growth
Safbon is planning to establish drinking water desalination and waste recycling plants in Kafr El-Sheikh, Fayoum, and Cairo
This mechanism allows foreigners to contract with banks on a specific exchange rate, for instance, EGP 8.78 for $1 according to the current rate at the Central Bank of Egypt (CBE)
Participants in the forum called upon Arab banks and financing institutions to adopt new financing models for infrastructure projects, as they play a vital role in stimulating the economy.
According to the source, the aim of the current investment surge is to expand the company’s services in the Arab region, adding that the deal is to be sealed by the end of this year.
Number of investment opportunities in Upper Egypt will be presented at the summit, which will tackle one of the poorest zones in the country
An American delegation will visit Egypt again in March 2015 to attend the economic summit
Wael Aburida says the region remains massively attractive to investors due to the relatively strong pace of economic growth
Reuters – Egypt’s central bank has covered 50% of a backlog of dollars owed to foreign investors seeking to repatriate funds from the country, it said in a statement on Thursday. A repatriation scheme opened in March last year and aimed at restoring confidence in Egypt’s economy guarantees foreign investors in Egypt’s stock and government …
Bahaa El-Din stated that the country’s national school nutrition program, which is a part of Egypt’s broader economic initiative, would target those regions and villages most in need of assistance.
Egyptian ambassadors will request that foreign governments lessen their restrictions on tourism traffic, especially on the areas in which the curfew is not imposed such as the Red Sea and Sharm Al-Sheikh.
Poverty rates have increased from 20% to 25%.
The benchmark index closed at 5,359.57 points, down from 5,451.72 on Monday, after Sisi asked for a popular mandate for the army to “confront violence and terrorism.”
Bourse official: Arab and foreign investors take to buying Egyptian stocks during times of crisis
Hany Mahmoud’s short term as head of communication marked by frustration
Statements on investment and economic achievements made by Mubarak-regime ministers were never met with trust by the general public, while specialists could see that they were nothing more than media fireworks systematically set off to improve the picture of utter destruction the country’s state of affairs had reached. A simple review of the number of …