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
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
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
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
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.
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
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.
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.
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
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.