The company “BP” (BP) intends to invest about 1.5 billion dollars in Egypt over the next few years, as part of its quest to develop gas and drilling projects in the largest Arab country by population. This spending will be exclusively from BP, and comes on the heels of the announcement by the London-based company …
“BP” intends to invest 1.5 billion dollars in Egypt Read More »
Against the backdrop of the recently announced UAE FDI inflows, the Egyptian pound is likely to trade at USD 45 by the end of the year, exceeding the initial forecast of USD 55, according to Oxford Economics Africa. Last week, the Egyptian government signed a USD 35 billion deal with ADQ, an Abu Dhabi-based investment …
The Bitcoin Price returned to exceed the level of 57 thousand dollars for the first time since late 2021, supported by the demand of investors via exchange-traded funds for the currency, as well as additional purchases made by the company “micro strategy” (MicroStrategy). The digital asset advanced by about 4.4% and reached 57039 dollars before …
Bitcoin price exceeds 57 thousand dollars for the first time since late 2021 Read More »
The Central Bank of Egypt has appointed the investment bank affiliated to Barclays Bank to finalize a deal to exit its shareholding in the” United Bank”, as part of the government offering program. Barclays Bank, as an international financial advisor, will work alongside the local financial advisor ” CA capital “to sell the” United Bank”, …
Egypt appoints Barclays as international financial advisor to sell the United Bank Read More »
The governor of the Saudi Public Investment Fund described the kingdom as qualified to become a potential hub for artificial intelligence activity outside the United States. The fund’s governor, Yasser Al-Rumayyan, at an investment event in Miami sponsored by the sovereign wealth fund, attributed this to Saudi Arabia’s energy resources and financing capacity. “Artificial intelligence …
The Egyptian cabinet announces the approval of a major investment deal that will provide hundreds of thousands of jobs and contribute to the economic recovery The Cabinet announced at its meeting yesterday, headed by Dr. Mustafa Madbouly, its approval of the largest direct investment deal through an investment partnership with major entities, and stated that …
Egypt announces a huge investment deal that will raise foreign exchange resources Read More »
FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is expanding its footprint in the Middle East with its new Middle East, Indian Subcontinent and Africa (MEISA) state-of-the-art hub at Dubai World Central (DWC) Airport in Dubai South. The facility was officially inaugurated by His Highness Sheikh …
FedEx Invests USD 350 million in Regional Hub at Dubai Airport Read More »
Mohammed Okasha, chairman of the board of directors and founding partner of the disruptec fund, unveiled the expected amount of funds to be invested in Egypt by foreign private African and Gulf Investment Funds at USD 220 million over the next two years, according to international reports Okasha added, during his speech at the “communication, …
NAIROBI: Africas, Reuters The shilling surged to its highest level since June 2023 as the central bank of Kenya purchased dollars on the foreign currency market today, according to dealers, in an effort to reduce volatility. The central bank claims that it has no preferred level for the shilling and simply steps in to reduce …
As the shilling rises, the Kenyan central bank purchases dollars to reduce volatility Read More »
Ayman Soliman, CEO of the Sovereign Fund of Egypt, said that the Fund is considering launching 3 additional new sub-funds, in the fields of education, agriculture, and health care.Ayman Soliman added during the CEO Conference on Sunday that the three funds come to take advantage of the investment opportunities available in the Egyptian market and …
Egypt’s sovereign fund is considering launching 3 new investment funds Read More »
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