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United Bank looks to exit three companies by start of 2019
The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the…
EGOTH to sell 51% stake in Grand Continental Hotel
The state-owned Egyptian General Company for Tourism and Hotels (EGOTH) plans to sell a 51% stake in the Grand Continental…
EAEF will invest an additional USD 165 mn in Egypt by end-2019
INVESTMENT WATCH- EAEF is looking to invest as much as USD 165 mn in Egypt by the end of next…
SME authority expects EUR 120 mn in loans and grants before year-end
The SME Development Authority expects to receive EUR 120 mn in loans and grants before year-end that will be used…
SME Development Authority in talks with EU and EIB for EUR 87 mn in funding
The SME Development Authority is in talks with the EU and the European Investment Bank (EIB) for a combined EUR…
Toyota Tsusho looks to increase investments in Egypt
Toyota Tsusho Corporation is looking to increase its investments in Egypt over the coming period, representatives from the Japanese manufacturer…
Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels
The Tourism Ministry is considering three scenarios for the upgrade of Egypt’s hotels and resorts through its planned private equity…
Egypt targeting USD 11.2 bn in foreign investments by 2022
Egypt sees foreign direct investment at USD 11.2 bn in 2022, with inflows into renewable energy opportunities contributing c. 12%…
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