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17 Mar 2015

Egypt signs dual investment agreements worth $6bn

Egypt has signed two investment agreements worth $6 billion in order to launch a Global Logistics Centre for Grain Handling and a City of Commerce and Shopping project, according to Khaled Hanafy, Minister of Supply.

The projects, agreed upon during the recent Economic Summit, will see the logistics centre to be located in Damietta, Egypt, with the...

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17 Mar 2015

Egypt: Tourism Minister Meets Spanish Official On EEDC Sidelines

Tourism Minister Khaled Ramy met with the deputy of the Spanish foreign minister for talks on promoting Spanish tourism in Egypt.


The meeting took place on the sidelines of the Egypt Economic Development Conference (EEDC) in the South Sinai city of Sharm el Sheikh on Sunday 15/3/2015.


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17 Mar 2015

IDA proposes 12 cement licences in Upper Egypt this year: Chairman


The Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year.


The IDA is also working on preparing new mechanisms and regulations for proposing cement licences,"......

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17 Mar 2015

PepsiCo allocates $500m new investment in Egypt

PEPSICO, Inc., one of the world’s leading food and beverage companies, affirmed its commitment to Egypt announcing plans for the company and its partners to invest $500 million in the country at the Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh.

PepsiCo, which has been operating in the country for more than 50 years, reiterated...

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17 Mar 2015

Lafarge, Orascom sign MoU to manage municipal, agricultural waste

A Memorandum of Understanding (MoU) has been signed between Lafarge Egypt and Orascom Telecom Media and Technology Holding S.A.E (OTMT) to develop a waste management municipal and agricultural waste facility, according to a Lafarge press release Monday.


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17 Mar 2015

UAE, Saudi and Egypt drive prepaid growth

The UAE’s prepaid sector is on track to top US$18 billion in the next five years, according to Douglas Blakey, Group Editor for Consumer Finance at the event organiser’s, Timetric Financial Services.


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17 Mar 2015

Jushi Group expands in Egypt, establishes US operations

Jushi Group Co. Ltd. (Tongxiang, Zhejiang, China), the world’s largest manufacturer of glass fiber, announced at JEC Europe 2015 that it is expanding its production capacity in Egypt, and building a new facility in the United States.


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17 Mar 2015

Bright future awaits Egypt

At last an Egyptian leadership with vision and foresight! President Abdel Fattah El-Sissi has grand ambitions for the future, which just months ago may have sounded more like wishful thinking than actually doable. Not so today!

The country’s Economic Development Conference that kicked-off in Sharm El-Sheikh last Friday, has turned what were once...

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17 Mar 2015

BP discovers second gas field in Egypt

BP made its second gas discovery in the East Mediterranean Sea at its North Damietta Offshore concession in the East Nile Delta. The discovery was made at the Atoll-1 deepwater exploration well located about 80km north of Damietta city, 15km north of Salamat and only 45km to the northwest"...

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17 Mar 2015

Poland-Egypt Trade Exchange targets US$1 billion at 2016-end

The trade volume between Egypt and Poland is currently estimated at US$400 billion, according to the Commercial Minister Plenipotentiary Galal al-Sawy, head of the European Union Department at the Egyptian Commercial Representation Body.


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