Friday 6 March 2015
 
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Egypt

Egypt’s Suez Canal zone to make up 30pc of economy

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and log

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Egypt no longer sees full tourism recovery this year

Egypt no longer expects its tourism industry, battered by three years of political upheaval, violence and street protests, to fully recover by the end of the year, the tourism minister said. "I don't think (the tourism ma

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BankMed to open Dubai office, sets sights on Egypt

Lebanon's BankMed is opening an office in Dubai and setting its sights on Egypt as part of an overseas expansion drive aiming to double assets over the next five years, its chairman said on Thursday. Speaking to Reuters at an

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Egypt replaces interior minister to combat extremism

Egypt replaced its interior minister with a retired general who has experience combating religious extremism as the country fights radical Islamist militants seeking to topple the Cairo government. Egypt has been grappling with ri

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Egypt aims for final Arabtec housing deal by mid-March

Egypt's housing minister said that talks with Dubai-listed Arabtec are continuing and that he hopes to reach a final deal on a plan to build a million homes before a March 13 to 15 investment conference in Sharm El-Sheikh.

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Egypt to grow 4.5pc, hospitality opportunities on rise

Egypt’s gross domestic product (GDP) is on track to grow four per cent in the fiscal year ending June, with expectation for the next fiscal year estimated in the 4.5 per cent range, according to experts. The growth should ac

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MAF named ‘platinum sponsor’ of Egypt conference

Majid Al Futtaim, a leading retail and leisure pioneer across the Middle East and North Africa (Mena), has been named as a ‘platinum sponsor’ for a investment conference to take place in Egypt next week. The inaugural

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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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