Doaa Moneim – Ahram Online The International Finance Corporation (IFC), a World Bank Group member, invested $15 Million in the second fund from venture capital firm ‘Algebra Ventures’ on Monday. The investment supports tech start-ups with access to finance, innovation and job opportunities primarily in Egypt. Algebra Ventures is the …
Read More »Tag Archives: investment
Egypt enters investment agreement with Saudi Arabia
Mai Ghandour – Ahram Online “The Sovereign Fund of Egypt, in cooperation with the Saudi Public Investment Fund, aim to attract investments worth $10 Billion over the coming period”, Egyptian Prime Minister Mostafa Madbouly said on Wednesday. The Prime Minister held a ministerial meeting with Saudi counterparts, where they approved …
Read More »Sisi discuss regional security and local development with Qatari delegation
Amr Kandil – Ahram Online “The tangible progress in Egyptian-Qatari relations should serve joint interests and enhance efforts bolstering the security and stability of the Arab region”, Egyptian President Abdel-Fattah al-Sisi told Qatari Minister of Foreign Affairs and Deputy Prime Minister Mohammed bin Abdulrahman al-Thani at a meeting in Cairo …
Read More »France expands investment portfolio in Egypt
Egypt Today Egyptian President Abdel Fatah al-Sisi discussed plans to expand bilateral trade with France and French investment in Egypt with French Minister of Economy and Finance Bruno Le Maire on Monday. Le Maire reviewed opportunities to invest in eight main sectors, transportation, electric vehicles, infrastructure, artificial intelligence, telecommunications, digital …
Read More »UAE invest $10B in Egyptian ports
Egypt Today “The political leadership of the United Arab Emirates (UAE) has allocated $10 Billion to invest in Egypt”, Mohamed Jumaa al-Shamisi, CEO of Abu Dhabi Ports, said at a meeting with Egyptian Minister of Transport Kamel al-Wazir in Abu Dhabi on Tuesday. The CEO expressed his aspiration that the …
Read More »“Spain keen on providing Egypt with COVID-19 vaccines through COVAX”; Spanish PM
Alaa Thabet – Ahram Online During his official visit to Egypt, Spain’s Prime Minister, Pedro Sánchez, spoke to Al-Ahram’s editor-in-chief on a host of issues including fostering economic and political cooperation between the two countries, strengthening Spanish-Egyptian strategic partnership in the Mediterranean region, providing coronavirus vaccines to Egypt, and efforts to …
Read More »Boeing’s VP on Egypt’s EDEX and an outlook on aviation in MENA region
Doaa Moneim – Ahram Online At ‘EDEX-21’, Ahram Online interviewed Boeing’s Vice President for Business Development, Defence, Space and Security in the Middle East, North Africa and Turkey, Rick Lamester on the future of the aviation industry amid the ongoing pandemic. The discussion covered the new products and technologies Boeing …
Read More »President of the University of Hertfordshire Egypt: Global Academy Foundation target investment £E7B
Doaa Moneim – Ahram Online Ahram Online discussed the role of the private sector in developing Egyptian education with Vincent Emery, President of the ‘University of Hertfordshire Egypt’ (UHE), hosted by the Global Academic Foundation in Egypt. In this interview, he tackled the reason behind choosing the New Administrative Capital …
Read More »Qatari official inaugurates St. Regis hotel in Cairo
Egypt Independent Qatar Finance Minister Ali Sharif al-Emadi and Egyptian Finance Minister Mohamed Maait inaugurated the St. Regis hotel in Cairo on Tuesday. US Treasury Secretary Steven Mnuchin attended the inauguration of the newly built hotel, which is owned by Qatari state-run ‘Diar’ real estate company. “By investing in this …
Read More »EBRD invests $4.2M in Egyptian renewable energy
Doaa Moneim – Ahram Online “The European Bank for Reconstruction and Development (EBRD) has provided an initial $4.2 Million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary”, according to statement by EBRD on Thursday. “The loan will promote the expansion of renewable energy in Egypt by …
Read More »