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MPs give nod to quadrupling the price tag of passports. PLUS: Saudi Egyptian Industrial Investment to invest USD 5 mn in new pharma production line
The amendments will raise the issuance fee of passports to EGP 1k from EGP 250
OECD lays out policy recommendations after forecasting growth dipping to 3.2% in FY 2023-24
OECD says confidence in public finances must be restored to lure back foreign capital
The Ras El Hekma sale was top of the agenda on last night’s talk shows
The agreement is “unlike any other,” Naguib Sawiris said during a phone call with Hadrat el Mowaten’s Sayed Ali
ECHEM, ANRPC mulling USD 380 mn sustainable jet fuel project with unnamed private sector company
Work on the project will kick off in late 2026
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
UAE’s UDC to invest EGP 60 bn in a mixed-use development project. PLUS: NHMC is building a USD 300 mn medical and educational complex
UDC’s project will feature residential, administrative, entertainment, commercial, and hospitality units
Foreign direct investment in China hits lowest level since 1993
China’s crackdown on sharing information with int’l consultancies is partly to blame for driving investors away
Partech closes USD 300 mn Africa-focused fund
The fund will invest in African tech startups with initial tickets of USD 1 mn-USD 15 mn in African startups
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