Edition:
International

Patrick Werr

Some investors turn cautious on Egypt's lucrative carry trade

Dec 21 2021

CAIRO Some foreign investors are becoming cautious about buying domestic Egyptian treasuries due to jitters over emerging markets and the sustainability of high Egyptian yields.

Egypt's Mansour, General Motors to draw up plan to make electric cars

Dec 01 2021

CAIRO (Reuters) -General Motors Co and Egypt's Al Mansour Automotive Co have agreed to study joint manufacturing of electric vehicles in Egypt and, once finished, ask the government for support, Mansour Automotive Chairman Mohamed Mansour said on Wednesday.

Egypt's Mansour, General Motors to draw up plan to make electric cars

Dec 01 2021

CAIRO, Dec 1 General Motors Co and Egypt's Al Mansour Automotive Co have agreed to study jointly manufacturing electric vehicles in Egypt and, once finished, ask the government for support, Mansour Automotive's chairman Mohamed Mansour said on Wednesday.

Egypt set for $3 billion loan, in part for sustainable projects, sources say

Nov 23 2021

DUBAI Egypt is expected to finalise a $3 billion loan to be used in part to finance sustainable projects, three sources said, as the nation attempts to recover from a drop in tourism during the COVID-19 pandemic.

Water-poor Egypt eyes quadrupling desalination capacity in 5 years

Oct 21 2021

CAIRO Water-scarce Egypt aims to more than quadruple desalination capacity by granting private companies concessions from its sovereign wealth fund to build 17 plants over the next five years with sustainable solar energy.

Egypt economy forecast to grow 5.1% in year to June, 5.5% in 2022/23: Reuters poll

Oct 21 2021

CAIRO Egypt's economy will grow 5.1% in the fiscal year that ends in June 2022, but accelerate to 5.5% in each of the following two years as tourism continues to rebound and the effects of the coronavirus pandemic wane, a Reuters poll showed.

Egypt's sovereign wealth fund looks to kickstart revamp of downtown Cairo

Oct 04 2021

CAIRO, Oct 4 Egypt's sovereign wealth fund is planning to reinvent central Cairo as a start-up hub, while developing a new asset class around repurposing old buildings, as the government moves to a new capital in the desert, its chief executive said.

Egypt forges new plan to restore Cairo's historic heart

Sep 29 2021

CAIRO Egypt is pushing ahead with a new project to restore historic Cairo, a sprawling but now rapidly crumbling thousand-year-old world heritage site home to many a tale in the Thousand and One Arabian Nights.

Egypt's taxman sees treasure in electronic invoicing

Sep 16 2021

CAIRO, Sept 16 Egypt is obliging its large taxpayers to sign up for a programme to submit their invoices electronically, a system designed to bring small shops and other businesses that had long slipped under the radar into the formal economy.

Egyptian fintech MNT-Halan secures $120 million of investment

Sep 08 2021

CAIRO (Reuters) -Three private equity funds and a group of venture capitalists have invested about $120 million in Egyptian microfinance lending and payments company MNT-Halan, the investors said on Wednesday.

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