The EIB has approved €16.6bn of new financing for projects across Europe and around the world. This includes over €10bn of coronavirus-related investment to improve public health, strengthen public services, and back investment by companies in sectors hit by the pandemic.
Latest by Shaimaa Al-Aees
Afreximbank elaborated that the $3.55bn support has been provided to the Central Bank of Egypt (CBE) and other Egyptian banks through its Pandemic Trade Impact Mitigation Facility (PATIMFA).
ODE noted that demand for El Gouna remained strong, recording a boost in its sales progress with a 22.1% increase in total contracted and reserved units during Q2 of 2020 compared to Q2 of 2019.
Ration card holders will receive 10% discount with state treasury to bear EGP 12bn cost, says Maait
Despite pandemic, Danone Egypt will continue investing, provide employment opportunities, and launch new products, says General Manager
Egypt-France trade exchange focuses on agricultural food products, banking, finance, telecommunications, automotive manufacturing, medicine, construction, environment, new and renewable energy, and tourism.
Enhancing cooperation between France and Egypt in health sector will be at top of our agenda for coming period, says Romatet
Such facilities would also serve permanent catchment population to improve profitability
Decision ensures users can make informed switch to IQOS as better choice to smoking
The company, which has been an innovating force in online real estate exhibitions since 2018, said that in previous exhibitions, 100% of participants succeeded in achieving online reservations.
Company eyes EGP 700m in sales by year-end
Considering mortgage finance option is important to boost sales, says Inertia CEO
Fund aims to boost local consumerism and help citizens obtain goods, services, and property
In March, Egypt experienced portfolio outflows, 12% decline in foreign currency reserves
Chinese government will provide further medical aid to help Egypt fight pandemic, says ambassador
Egyptian law looks to ensure fair competition with imports in local market, says Gamea
Industrial sector in Egypt greatly affected by COVID-19 crisis, says Gamea
The new production lines have been established to meet the growing needs for disinfectant products in the Egyptian market on the back of the novel coronavirus (COVID-19) pandemic.
IFC’s commitments in Egypt since 2005 has reached $4bn
Most attractive sectors in Africa are technology and infrastructure, says Harding-Jones
Livingstone said that most experts expect a sharper recovery in the Middle East region in 2021, which is slowing down somewhat. Citi believes that the global recovery may also shift over time.
Country has taken proactive measures to combat economic repercussions of COVID-19, say Citigroup leaders
Project will see ACUD take 55% stake, against 45% for AWWC, says Abdeen
Giving smokers alternative nicotine delivery means they might prefer these products over cigarettes, and produce better outcomes, says Polosa
Water is human right, essential to work on projects that achieve water security, says El Dahshoury
During the council’s newly-formed Board of Directors’s first meeting on Monday, Abu Al-Makarem stressed the importance, strength, and attractiveness of the chemical industries sector to local and foreign investors. Minister of Trade and Industry Nevine Gamea participated at the meeting.
Country tops Africa in terms of reinvesting foreign companies’ profits by 41%
During a tour for journalists of the project site on Sunday, Farag added that the Lafayette Mall is the first commercial project to be launched inside the downtown area. It includes six floors with built-up areas ranging between 35-40% of the total project space.
Upcoming fiscal year will see EGP 700m invested in residential projects, in addition to developing safer living conditions
All precautionary measures undertaken at project sites to preserve health and safety of employees and to ensure continuity of construction