Global markets extend losses on Tuesday
Global markets extended losses on Tuesday as investors weighed the fallout from U.S. and Israeli strikes on Iran,…
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Investing
Asian shares hit record highs on Tuesday
Asian shares hit record highs on Tuesday as investors anticipated U.S. large-cap earnings, while President Donald…
Gold prices retreat on Thursday
Gold slipped on Thursday, easing from Wednesday’s record of $4,642.72 per ounce, as investors booked profits and US…
Gold prices fall on Monday
Gold prices fell for a third straight session on Monday, dropping 0.3% to $4,055.73 per ounce, pressured by a…
Egypt El Sewedy Electric unit plans $400 million industrial city in Tanzania
A subsidiary of El Sewedy Electric plans to set up a new industrial city in Tanzania with total expected…
Bucking emerging market trend, Egypt is one of the most preferred destinations for foreign…
This year, Egypt has become the most preferred destination for foreign investors among emerging markets. The sale…
Dior aims to launch its business in Egypt in Q4/2024
French fashion label Christian Dior aims to start its operations in Egypt within the fourth quarter of 2024,…
GE proposes investing in Nigeria’s ailing oil refineries
General Electric Co (GE.N) has proposed investing in Nigeria's oil refineries, potentially convening a consortium…
FEDCOC unveils 2017 plan to promote investing in Egypt
The Federation of Egyptian Chambers of Commerce (FEDCOC) revealed Sunday its plan to promote investing in Egypt…
Number of Italian firms investing in Egypt to hit 1,200 in two years
The Egyptian government targets raising the number of Italian firms investing in Egypt from 600 to 1,200 within the…
British BP to invest $13b in Egypt before 2020
British oil company BP Global plans to invest US$13 billion in the Egyptian market before 2020, the UK…
600 firms eyes investing in Egypt: Austria FM says
Egypt's Foreign Minister Sameh Shoukry met with Austrian Foreign Minister Sebastian Kurz to discuss strengthening…
World Bank president: investment in human capital critical to economic growth
Jim Yong Kim, President of the World Bank Group, highlighted the great importance of investing in human capital for…
U.S. can maker Ball Corporation plans investing more $60mn in Egypt
U.S. drink can maker Ball Corporation studies pumping new investments worth US$60 million into the Egyptian market…
Leading Russian grains firm eyes investing in Egypt’s silos field
A leading Russian firm working in grains field eyes investing in Egypt through establishing and upgrading grain…
Chinese company eyes establishing new industrial city in Egypt
China Fortune Land Development is keen on investing in Egypt through studying the possibility of establishing and…
Chinese company eyes establishing new industrial city in Egypt
China Fortune Land Development is keen on investing in Egypt through establishing a comprehensive industrial city…
Lenovo to invest $500 million in new startups
Chinese tech giant Lenovo is investing $500 million in startups after it announced a new fund. Unlike other…
U.S. Graviton Capital plans investing in energy projects in Egypt
The U.S.-based Graviton Capital company is to study investing in small new and renewable energy projects in Egypt.…
30 Italian firms seek investing in Egypt
Egyptian trade minister Tarek Qabil is to hold Wednesday an expanded meeting with the Italian Minister of Economic…
Banks, Institutions Eye Investing $928.5 M In Treasury Bills: CBE
Local and international banks, alongside financial institutions, have offered to invest $928.5m in the treasury…
Kuwait Emir leaves for Egypt’s Economic Summit on Friday
Kuwait's Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and his accompanying delegation are scheduled to leave Friday…
Saudi Firm Investing In Suez Canal Targets EGP 300bn In Capital: Sheikh Kamel
A group of Saudi investors have founded “Josoor” – a company backed by EGP 3bn in capital which aims to take this…