China’s example of green investing offers insights into ways forward for Egypt Deborah Lehr Investing in green turns out to be a good deal as well as a good deed. China, which has now become one of the world’s largest markets for green finance, is showing how investing in …
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IFC investment expansions in Egypt
Egypt Today The International Finance Corporation (IFC), a World Bank Group member, said it is willing to expand its activities in Egypt in the coming period to back the transport, renewable energy and entrepreneurship sectors. IFC chief operating officer Stephanie von Friedberg made the remarks at a meeting with …
Read More »BP promises increasing investments in Egypt
Egypt Independent Egyptian Prime Minister Mostafa Madbouly stressed his government’s support for British Petroleum’s (BP) investments in Egypt and expressed the government’s expectations of further investments by the company in Egypt’s energy sector in the coming period. Madbouly expressed the government’s readiness to ease any obstacles that the company …
Read More »Nasr discusses Sinai development with World Bank officials
Ahram Online Egypt has discussed with the World Bank the possibility of financial support for priority sectors in development and infrastructure projects in Sinai, a statement by the Ministry of International Cooperation and Investment said on Tuesday. Minister Sahar Nasr met with the World Bank’s Chief Executive Officer Kristalina Georgiev …
Read More »High demand in Egypt’s real estate market stifled by weak purchasing
Robust demand and extensive investment drive Egypt’s real-estate market but is suffering from weak purchasing power, reports Nesma Nowar Nesma Nowar – Al-Ahram Weekly Real-estate experts gathered in Cairo this week for the Cityscape Egypt Business Breakfast to discuss the market’s performance over the last year and the way forward. The …
Read More »2018’s progressive business climate
Egypt’s business climate improved throughout the year despite being hampered by high interest rates, writes Nesma Nowar Nesma Nowar – Al-Ahram Weekly Egypt has been working towards bettering the business environment over recent years through a strategy based on pushing forward legislative and institutional reforms, drawing up an integrated investment map, establishing …
Read More »Thirty agreements signed at Africa Forum 2018
Egypt Independent The “Africa 2018” forum, which concluded on Monday, announced seven important decisions at the end of the forum alongside the signing of 30 agreements in the fields of investment, entrepreneurship, financing for small and medium-sized enterprises, and infrastructure and technical cooperation agreements all totalling at US $3.5 …
Read More »Cairo Contemplates African rejuvenation
Egypt is preparing a range of practical initiatives that will help transform the continent as it gears up to take over the chairmanship of the African Union in January next year, writes Mohamed Higazy Mohamed Higazy In January next year, Egypt will begin its one-year stint as chair of the …
Read More »Sisi meets Cisco and Mercedes representatives
PM Madbouly attended the signing of a memorandum of understanding between the Ministry of Communications and Information Technology and Cisco Systems Ahram Online Egypt’s President Abdel-Fattah Al-Sisi met on Thursday with the CEO of the multinational technology giant Cisco Systems and a senior official in the automobile company Mercedes-Benz …
Read More »Better ranking for Egypt in “Doing Business” Report
Egypt jumped eight spots in the World Bank Group’s “Doing Business” Report for 2019, reports Mona El-Fiqi Mona El-Fiqi – Al-Ahram Weekly Introducing reforms to facilitate business operations and improve the investment climate helped Egypt improve its ranking in the World Bank Group’s Doing Business Report for 2019, issued …
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