Zimbabwe Power Utility Secures $1.2 Billion Loan From China

  The Export-Import Bank of China will provide a $1.2 billion loan to upgrade two generators at Zimbabwe Power Co.’s Hwange thermal power plant, the country’s biggest. ZPC, a unit

Al Ghurair considering investment in Saudi market

  DUBAI, UNITED ARAB EMIRATES — Dubai’s Essa Al Ghurair Investment Co.  is considering bidding for flour mills that Saudi Arabia is preparing to sell to private investors, Bloomberg reported

Egypt reforms civil service to attract investment

  With bloated government weighing the country down, Egypt attempts to reform the civil service in order to attract much needed foreign investment. The rampant fall of Egypt’s foreign reserves,

Nutsland pumps EGP 40m in investments in 3 years: Chairman

Nutsland company for agriculture and land reclamation plans to pump an initial investment of EGP 40m during the next three years. After implementing its new expansion plan, the company aims

18 subsidiary companies will see EGP 5bn investments in FY 2015/2016: CIHC Chairman

Eighteen subsidiary companies of the Chemical Industries Holding Company (CIHC) will be targeted for new investments worth EGP 5bn throughout FY 2015/2016. CIHC Chairman Reda El-Adl said the companies plan

New free zone in Minya attracts $750m in investments

arecent General Authority for Investment (GAFI) report has outlined the details of establishing a free zone in Minya. The free zone, which will be a regional zone for industrial exports,

Contracts for Saudi investments worth EGP 360bn to be signed soon

Egypt is set to sign legal contracts for Saudi projects worth approximately EGP 360bn in investments, Minister of Investment Ashraf Salman said in press statements. The projects include three residential

Foreign investments in Egyptian treasury bills amount to EGP 500m in June 2015: CBE

Foreign investors increased the size of their investments in Egyptian treasury bills during June 2015 to EGP 500m ($64m), the highest level of foreign investments in Egyptian government debt instruments

European Investment Bank pushes for more investments in MENA

The President of the European Investment Bank (EIB), Werner Hoyer, highlighted the need to increase the Deauville partnership support for investment to finance economic and social transformation in the Middle

Depreciating EGP postpones foreign investments

Will the CBE’s decision to devalue the Egyptian pound by 10 piasters encourage foreign investors to pump new investments in the Egyptian market? This is a question that has been