FINANCE & ECONOMY

16 Mar 2015

‘Heliopolis for Housing and Development’ proposes Heliopark worth EGP 6bn: Board Chairman

Heliopolis for Housing and Development (HCHD) proposed two real estate projects at the Economic Summit, in New Cairo and Heliopolis City, with an investment cost of EGP 6bn. The company is studying two more projects in partnership with real estate developers.


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16 Mar 2015

WPP’s Sorrell wants Egypt the Future to be held annually


The chief of the world’s biggest advertising company has called for the Egypt the Future conference to become an annual event.


Sir Martin Sorrell, the chief executive of WPP, said it was important to have a “focal point”"......

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16 Mar 2015

Siemens pledges $1.4m on summit’s final day

Siemens launched an integrity initiative, in conjunction with the Egyptian Junior Business Association (EJB) providing Egypt with $1.4m over three years, on the final day of the Economic Summit.


The"...

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16 Mar 2015

FEDCOC, EU representative discuss reinforcing cooperation

The Federation of Egyptian Chambers of Commerce (FEDCOC) and the director-general of the European neighbourhood policy and enlargement negotiations, Christian Danielsson, discussed Friday reinforcing Egyptian–European cooperation.


The"......

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16 Mar 2015

World Bank offers $400m to Egypt

Prime Minister Ibrahim Mehleb met the Managing Director of the World Bank Sri Mulyani Indrawati Sunday, on the sidelines of the Egypt Economic Development Conference (EEDC), according to a press release.


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16 Mar 2015

Prime Minister to Speak at IDC's Inaugural Egypt CIO Summit

Global IT advisory services firm International Data Corporation (IDC) officially announced that it’s influential CIO Summit series will be arriving on Egypt's shores later this month for two days of cutting-edge market insights, strategy advice, and high-level networking. Hosted in"...

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16 Mar 2015

Sawiris to diversify Orascom, invest $500m in Egypt

Top Egyptian businessman Naguib Sawiris said he was ready to invest $500 million in Egypt and was diversifying his telecoms business into infrastructure, energy and transportation, sectors which need major funds in the country.

Sawiris, a billionaire from a powerful Coptic Christian family, said the investment conference in the Red Sea resort of Sharm...

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16 Mar 2015

UAE, Egypt to build Egyptian new capital

Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum and Egyptian President Abdel Fattah Al-Sisi have signed an agreement to build a new administrative and business capital for Egypt.

It is planned to be built at Ain Al-Sokhna Road, to the east"...

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16 Mar 2015

Sisi says Egypt needs $200bn to $300bn to develop

Egypt needs $200-billion to $300-billion to develop, President Abdel Fattah al-Sisi said at an international investment conference on Sunday, pressing his campaign to lift the Arab world's most populous country from years of economic turmoil.

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16 Mar 2015

Khalifa Fund announces activation of loan agreement for Egypt

H.E. Hussain Jassim Al Nowais, Chairman of Khalifa Fund for Enterprise Development announces the activation of the Loan Agreement signed by Khalifa Fund and the Egyptian Ministry of International Cooperation and the Egyptian Social Fund for Development last November for a value of USD 200"...

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