Thursday 5 March 2015
 
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Egypt

Egypt approves long-awaited investment law

Egypt's cabinet approved a long-awaited draft law on investment on Wednesday, the prime minister said, aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy. The go

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Egypt to showcase $5.3 billion tourism projects at ATM

Exhibitors from Egypt will be participating at this year’s Arabian Travel Market (ATM) in Dubai, UAE, following the country’s resurgent tourism sector. With tourism revenues in Egypt up 23.6 per cent last year, the country h

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Egypt, Arabtec to resume talks on $40bn housing plan

Arabtec's chairman will meet officials of Egypt's housing ministry on Wednesday to renegotiate the terms of a $40 billion plan to build one million homes in that country, a source familiar with the matter said. Dubai-liste

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Egypt expects LNG deals with Shell, Total

Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total and is close to paying BG Group more for the gas it produces offshore, its oil minister said. Sherif Ismail outlined several measures

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Egypt to build 200-m-high pyramid skyscraper

Egypt has unveiled plans to build a 200-m-high pyramid skyscraper, Zayed Crystal Spark, on an 798,000 sq m area at Sheikh Zayed City in Cairo. The upcoming development - a mix of government, commercial, and entertainment space - w

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Egypt to add cooking oil to smart card system

Egypt plans to add subsidised cooking oil to a new smart card system implemented last year, Supplies Minister Khaled Hanafi said on Monday, a move aimed at saving money and cutting down queues for poor consumers. The government is

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Pioneers snaps up cheese maker Arab Dairy

Egyptian financial services firm Pioneers Holding has won the race to buy Egypt's Arab Dairy for E£255 million ($33.4 million), beating a rival offer from Al Nour, the market regulator said on Monday. The battle for cont

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Pioneers snaps up cheese maker Arab Dairy

Egyptian financial services firm Pioneers Holding has won the race to buy Egypt's Arab Dairy for E£255 million ($33.4 million), beating a rival offer from Al Nour, the market regulator said on Monday. The battle for cont

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Egypt to attract $8bn FDI this year

Egypt expects to attract $8 billion of foreign direct investment in the current fiscal year through June, up from $4 billion last year, Investment Minister Ashraf Salman said. Salman, speaking at a business conference in Dubai, al

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Egypt to attract $8bn FDI this year

Egypt expects to attract $8 billion of foreign direct investment in the current fiscal year through June, up from $4 billion last year, Investment Minister Ashraf Salman said. Salman, speaking at a business conference in Dubai, al

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