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.
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.
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.
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.
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.
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.
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.
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.
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
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.