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Sisi Inaugurates 1.5 million Feddan Reclamation Megaproject
Egypt >> 12/30/2015 - President Abdel-Fattah El-Sisi arrived in Farafra Oasis located in the Egypt’s south-western governorate Al-Wadi Al-Gadid (New Valley) to inaugurate the first phase of the national project to expand t...
Cairo, Riyadh to Sign 12 Investment Deals on Jan. 5 2016
Egypt >> 12/31/2015 - Egypt and Saudi Arabia will sign 12 memorandums for Saudi investments in Cairo as a joint committee by both countries convenes in Riyadh on January 5, according to an Egyptian government official.
...
Egypt Signs MoU with China to Construct Sixth Metro Line
Egypt >> 1/1/2016 - Egypt signed a memorandum of understanding with the China Railway Construction Corporation to construct Cairo's sixth metro line, according to a transportation ministry statement issued.

Cair...
Ras Al Khaimah to Launch Electronic Business Guide in Apr. 2016
United Arab Emirates >> 1/1/2016 - The Department of Economic Development of Ras Al Khaimah, is planning to launch an electronic business guide for companies and investors in April to promote the emirate globally as a business destinat...
Sherif Ismail held Meeting to Discuss Chinese President's Visit
Egypt >> 1/3/2016 - Engineer Sherif Ismail, chairman of the Council of Ministers, chaired a meeting in China Unit, in the presence of: the ministers of housing, electricity, investment, agriculture, trade and industry, t...
Saudi Arabia vows Loans to Egypt to Develop Sinai
Egypt >> 1/4/2016 - Egypt agreed with Saudi Arabia to borrow $1.5 billion to develop the Sinai Peninsula, $1.2 billion to finance oil purchases over coming three months, Egyptian International Cooperation Minister Sahar ...
Sisi: State Attaches Great Importance to SMEs
Egypt >> 1/5/2016 - The state attaches great importance to small and medium-sized enterprises (SMEs) as they provide promising job opportunities for youths and contribute to flourishing national economy, affirmed Preside...
Dubai is Safe Haven for Wealthy High-net Worth Families
United Arab Emirates >> 1/10/2016 - As a first-class tourism destination and a world-leading financial services centre, Dubai is seen as a safe haven for individuals from the rest of the Gulf Cooperation Council, GCC, and other Middle E...
Egypt Signs $420mn Deal with Orascom Construction
Egypt >> 1/11/2016 - Egypt's ministry of electricity signed a $420 million contract with Orascom Construction (OC) to convert Assuit and West Damietta power plants to a combined cycle, raising capacity by around 50 percen...
CBE Board Takes Measures to Ease SMEs Funding
Egypt >> 1/11/2016 - The board of the Central Bank of Egypt (CBE) took several decisions to ease the funding of SMEs as a main contributor to production and investment sector of the Egyptian economy.

SMEs are a g...
Banque Misr Chief Hails CBE’s Small-Projects Program
Egypt >> 1/11/2016 - Banque Misr's president lauded a program launched by the the Central Bank of Egypt (CBE) that seeks to encourage banks to finance small and medium-sized enterprises.

Mohamed al-Etrebi told...
Chinese President, Egypt to Discuss Investments
Egypt >> 1/15/2016 - Chinese President Xi Jinping is expected to discuss potential investments in infrastructure projects with Egypt during his upcoming visit in the fields of transport, electricity, housing and agricultu...
Majid Al-Futtaim to Build $500mn Shopping mall in Cairo
United Arab Emirates >> 1/15/2016 - Dubai-based retail group Majid Al-Futtaim (MAF) announced it will invest LE4 billion (around $500 million) in building a new shopping mall on Cairo’s northeastern outskirts.

The project will ...
Arabi: Private Investments not Affected in Egypt
Egypt >> 1/17/2016 - Planning and Administrative Reform Minister Ashraf el Arabi cited a quick implementation rate of government-owned investment projects during the first half of 2015/2016 fiscal year, compared to the co...
China Announces Increasing Investments in Suez Canal Zone
Egypt >> 1/17/2016 - The Chinese TEDA company has announced increasing its investments in the economic zone of the Suez Canal.

After meeting with Chairman of the General Authority of the Economic Zone of Suez Can...
Kuwait, UK Discuss Economic, Investment Ties
Kuwait >> 1/20/2016 - Director of Kuwait Investment Authority (KIA) Bader Al-Saad and visiting Lord Mayor of London Jeffrey Evans reviewed aspects bilateral economic and investment cooperation.

In a press statem...
Egypt, China Sign Deal for $100 mln Loan
Egypt >> 1/21/2016 - A deal for granting Banque Misr a loan worth 100 million dollars from the China Development Bank was signed.

The five-year loan accord provides a two-year grace period, as the payment will...
China, Egypt Signs Contract to Build Coal-Fired Power Plants
Egypt >> 1/22/2016 - Egypt signed conditional contracts with Chinese electrical engineering companies to build two coal-fired power plants and develop a transmission grid, electricity ministry spokesman Mohamed El-Yammany...
Egypt Could Expand Short-Staple Cotton
Egypt >> 1/23/2016 - The government might expand the country’s cotton production to include the cultivation of short-staple cotton as part of a restructuring process for 25 of its textile companies, Investment Minister As...
Egypt, World Bank Mull $500-mln Fund for Development Program
Egypt >> 1/23/2016 - International Cooperation Minister Sahar Nasr probed with a delegation of the World Bank a proposed fund for a development program in Upper Egypt.

The team, currently visiting Egypt, has alre...

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