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China pumps investments of $35 million into Egypt during Q1
The Chinese direct investment in Egypt reached $35 million during the first quarter of 2020, while the total…
Egypt’s Redcon eyes $210.1mn business volume in New Alamein year-end
Egypt’s Redcon Construction targets business volume up to 3.4 billion Egyptian pounds ($210.1 million) from…
266 hotels in Egypt now open under new hygiene rules
Egypt said on Friday 34 new hotels and resorts in seven governorates received the new hygiene safety certificate…
Egypt reports 1,774 new coronavirus cases on Friday – ministry
Egypt reported 1,774 new coronavirus cases on Friday, bringing the total infection tally to 52,211 since the…
EBRD approves $100mln loan package to Egypt’s CIB to cushion the impact of…
European Bank for Reconstruction and Development (EBRD) has approved a $100m support loan package to address the…
CBE extends EGP 100bn initiative to cover more companies
The Central Bank of Egypt (CBE) announced that more private-sector companies in the industrial, agricultural, and…
Egypt announces a new oil discovery in Suez Gulf
Ministry of Petroleum announced a petroleum discovery in the offshore Geisum concession in the south of the Gulf of…
Egypt remains largest FDI recipient, yet FDI inflows to Africa drop by 11% in 2020: UNCTAD
Foreign Direct Investment (FDI) was reduced to all African countries except for Egypt, with FDI to to North Africa…
Banks support Egypt’s tourism sector with EGP3bln guaranteed by Finance Min.
Ministry of Finance agreed to issue a guarantee of 3 billion Egyptian pounds for the Central Bank of Egypt (CBE),…
Sliding currency may be in Egypt’s Advantage, as investors keep flocking back
There are signs that foreign investors may be warming to Egypt after the EGP eased a bit against the USD, Bloomberg…