As Egypt reaps the rewards of an intense devaluation, it tempts foreign investors back to its market.
Despite the plunge that had sent its currency descending the most throughout the past six months, Egypt managed to make its assets among (...)
In March, the United Nations Development Program (UNDP) celebrated with Egypt the ingenuity, courage, and determination of Egyptian women and the extraordinary role they play in their families and communities across Egypt.
March is an important (...)
Actis, a leading growth markets investor, announced that it sold its last 7.5% stake in Edita to 42 blue-chip investors from the US, the UK, Germany, South Africa, and the United Arab Emirates (UAE) through an "accelerated bookbuild on the Egyptian (...)
The Central Bank of Egypt (CBE) expects foreign exchange reserves to jump to more than $28.5 billion by next March—the highest since March 2011—according to a CBE deputy who spoke to state-owned MENA news agency on Sunday.
Ever since the $12bn (...)
With the chaotic rate of the dollar and the drastic increase in prices, people would think that real estate sales would suffer losses; however, the figures show opposite results.
According to the sales director at Hassan Allam Properties, Sherif (...)
Invest In for Real Estate is a company that has been in the market for a year and a half. It is a distributor for 15 of the biggest real estate development companies in Egypt and five of the biggest companies in Dubai—with clients such as Orascom, (...)
The Ministry of Agriculture announced to Reuters that Brazilian meat imports have resumed from authorised Brazilian slaughterhouses and that all shipments will be checked twice—once in the country of origin and again upon arrival to Egypt.
According (...)
According to UNDP Egypt, assistant secretary-general of the United Nations (UN) Mourad Wahba concluded his three-day visit to Egypt after meeting with the foreign affairs; investment and international cooperation; social solidarity; and planning, (...)
Germany has offered Egypt $500m to support its economic programme and its small and medium-sized businesses, said the Egyptian Ministry of Investment and International Cooperation on Friday.
"It was agreed with the German side [that they would] (...)
The Egyptian Ministry of Tourism postponed the decision to increase the tourist entry visa fees from $25 to $60 until July, although Egyptian airport officials announced last week that authorities were to apply the new fees this week.
The decision (...)
Tourists will have to pay $60 for their entry visa to Egypt, compared to the previous $25 for single entry and $70 for multiple entry visas, Egyptian airport officials said.
They also added that banks and travel and tour agencies have received (...)
The Egyptian real estate developer Wadi Degla Developments announced on Wednesday the launch of its flagship project, Promenade New Cairo, located in the most affluent area of New Cairo.
Promenade New Cairo is an integrated residential project that (...)
The Egyptian Ministry for Immigration and Egyptian Expatriate Affairs and the International Organization for Migration (IOM) have hosted Egypt's first international partners round table on harnessing the development impact of migration.
Noting the (...)
IBM and Visa Inc. announced last week their first collaboration bringing points of sale wherever Visa is accepted through allowing businesses to swiftly introduce secure payment experiences for devices connected to the Internet of Things (IoT).
This (...)
New York brokerage Auerbach Grayson—60% owned by Beltone Financial Holding—has reshuffled its board of directors to include Naguib Sawiris; Ayman Suleiman, board member of Beltone Financial Holding; Bassem Azab, CEO of Beltone Financial Holding; (...)
Minister of Social Solidarity Ghada Waly sought possible support on Monday for "interdependence and dignity" programmes with Richard Dictus, United Nations (UN) and UN Development Programme resident coordinator in Egypt.
A statement from the (...)
A report by the economics and policy team of PricewaterhouseCoopers (PwC), one of the world's largest multi-national professional services firms, predicted that Egypt's economy will surpass Canada's by 2050.
"By 2050, emerging economies such as (...)
According to the Italian website Web it Mag, Russian flights to Egypt will resume on 23 February.
Russian flights will be flying to three Egyptian airports: Cairo, Sharm El-Sheikh, and Hurghada.
The Egyptian airport authorities have received ocular (...)
Egypt is planning to import between 100 and 108 cargoes of liquefied natural gas (LNG) this year while preparing to begin production at two gas fields. This step will help the country approach its self-sufficiency target.
According to a reporter (...)
The European Bank for Reconstruction and Development's investments in 42 drinking and tap water projects reached 2m Euros since 2013.
"The bank is focused on a programme that improves the capacity of water usage and achieves economic, social, and (...)
Minister of Investment Dalia Khorshid opened a new one-stop shop for investment services in Sohag on Sunday with the presence of the Minister of Petroleum, Tarek El-Molla, and Sohag governor Ayman Abdel Moneim.
The one-stop shop will serve all (...)