A decree most recently issued by the Egyptian government allowing sale of Egyptian citizenship to foreigners in exchange for financial deposits has sparked controversy on social media. To address a chronic shortage of foreign exchange [ More … ]
Egypt’s Minister of Foreign Affairs (MFA) Sameh Shoukry calls upon the world’s developed countries to respond positively to demands for exchanging debts for investments between creditors and debtors. Egyptian Foreign Minister Sameh Shoukry has called [ More … ]
Despite its pro-business talk, the army grabs whatever it wants. In fact, part of the blame is on the IMF for allowing this situation to fester Under Egypt’s military rulers Juhayna, the giant Egyptian dairy [ More … ]
A UAE wealth fund buys stakes in Egyptian fertilizer and cargo companies as part of a $2-billion investment in the country, according to Bloomberg. An Abu Dhabi wealth fund has agreed to invest about $2 [ More … ]
Turkey and Qatar signed 10 new deals on Nov. 26 at a joint meeting held at the presidential palace in Ankara. Turkish President Recep Tayyip Erdogan and Qatar’s Emir Tamim Hamad al-Thani co-chaired the closed-door meeting. The 10% sale of [ More … ]
India’s PM Narendra Modi announced the plans while at an investor summit in Riyadh. Indian Prime Minister Narendra Modi on Tuesday said Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between [ More … ]
The company’s social media account show buses, bikes, boats and even helicopters. Media reports linked the company with the Egyptian armed forces, the company denied Official sources told local media that Dubci’s head of human [ More … ]
Acquiring experience with measures taken against the market turmoil in summer of 2018, the Turkish economy is now looking to turn imminent global risks into advantages As the global and regional economies get increasingly exposed [ More … ]
The World Economic Forum objects to the use of the “Davos” brand for events that have nothing to do with its own activities The World Economic Forum, as the International Organization for Public-Private Cooperation, is [ More … ]
Investment guru Rogers: US rift with Turkey ‘madness,’ time to invest in Turkish assets The United State’s rift with its NATO ally Turkey is “madness” and smart people are currently investing in Turkish assets, Jim [ More … ]
A joint venture between Spain’s Naturgy and Italy’s Eni has been awarded a $2bn settlement from Egypt over gas supplies by a World Bank arbitration body, in a move that could accelerate the resumption of [ More … ]
Dr. Ahmed Zikrallah* Despite the economic measures taken by the Egyptian government to support the domestic and foreign investment climate – most notably the issuance of new laws to regulate investment, companies, capital market, and [ More … ]
Jordanian Prime Minister Hani Al-Mulki would pay a one-day official visit to Khartoum on Thursday, said Sudan’s official news agency SUNA. According to the state agency, Al-Mulki would discuss with the First Vice-President and Prime [ More … ]
Last year, Turkey signed seven investment agreements with countries around the world, making it the most active in encouraging investments. The World Investment Report 2017 disclosed late Wednesday says that Turkey, which attracted $12.3 billion [ More … ]
Egypt’s central bank raised its key interest rates by 200 basis points, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change, reported Reuters. At a [ More … ]
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