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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 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…
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%…
EAEF to invest USD 3 mn in in primary care clinic chain Dawi
INVESTMENT WATCH- EAEF to invest USD 3 mn in primary care clinic chain Dawi: The Egyptian-American Enterprise Fund (EAEF) announced…
Government should be focusing on attracting FDI to get out of debt trap
Foreign direct investment is the key to getting Egypt out of its debt trap, Mahmoud Al-Alayli writes for Al Masry…
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