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Egypt's current account deficit widens 225% y-o-y in 9M FY 2023-24
Strong FDI inflows and a shift to portfolio investment inflows help boost overall BoP surplus
Infinity Power eye USD 10.5 bn in renewables, EV infrastructure investments over the next five years. PLUS: British International Investment, Ezdehar, Azimut, Flynas
USD 10 bn will go towards renewables investments, while the remaining USD 500 mn will develop Infinity’s EV charging infrastructure…
Signify, Gila Electric plan to set up projects worth over USD 100 mn
The projects include a joint venture for the manufacture of lighting products, a factory for electrical panels, a solar power…
Al Ahly CIRA to set up four new international university models
The universities will be established alongside global educational institutions from Canada, Switzerland, Germany, and the US
GCC sovereign wealth funds post largest investment share in 15 years -GlobalSWF
Saudi Arabia’s PIF led investment activity globally
ITIDA, Telecom Egypt, and Nokia to establish internet protocol center of excellence in Cairo. PLUS: Emirates NBD Egypt, Arab Contractors, Antipollution Egypt, Schindler, EgyptAir + Air Cairo + Nesma
The center will initially export digital services to over 60 countries in the MEA region
Fresh funds from the EU, EIB, Germany, EBRD
Egypt and the EU inked an agreement that will disperse EUR 1 bn in macro-financial assistance during the second half…
Egypt inks EUR 67.7 bn worth of agreements and MoUs at Egypt-EU Investment Conference
Green hydrogen investments brought in the most
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