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Egypt Economic Development Conference

Key Events at Egypt Economic Development Conference


  Egypt Economic Development Conference (EEDC) will be held in Sharm El-Sheikh on the 13-15th March 2015, under the theme “Egypt The Future”, with the aim of showcasing before the international community the country’s economic reform programme for the upcoming four years. It also seeks to attract global investments to the local market.

 

 To read interviews made by Mubasher.info with key businessmen on the sidelines of the conference, kindly go to the following:

Benchmark to build Egypt’s $1.5bn power plant

Egyptian Electricity Holding Co. signed a $1.5 billion agreement with Benchmark for the establishment of a coal-fired power plant, Egyt’s electricity ministry announced.

Omran denies talks with UAE’s Etisalat on floating Egypt unit

Dr. Mohamed Omran, Chairman of the Egyptian Exchange (EGX) said no talks are being held currently with UAE’s telecom operator Etisalat as regards listing its Egypt subsidiary.

Egypt, UAE and France sign trilateral MoU

the UAE and France have signed a trilateral economic Memorandum of Understanding (MoU) at the Egypt Economic Development Conference (EEDC) in Sharm El Sheikh.

UAE’s Al-Futtaim ups Egypt investments to EGP23bn

Cairo governorate signed Saturday a cooperation protocol with UAE’s Majid Al-Futtaim (MAF) for the establishment of a retail chain in Egypt at a total value of EGP 5 billion.

Aabar, Palm Hills sign $20bn deal for Egypt project

Egypt’s housing ministry said on Saturday it signed a memorandum of understanding with UAE’s real estate developer Aabar and Egyptian property firm Palm Hills Development (PHD) for a real estate project worth $20 billion.

City Stars, Fairmont sign five deals

Eng. Hassan Sharbatly, deputy chairman of Golden Pyramids Plaza and City Stars Group signed five hotel management agreements with Fairmont Raffles.

Omran invites Public sector to float shares on EGX

The public sector companies are invited to float shares on Egyptain Stock Exchange (EGX), said the EGX chairman Dr. Mohamed Omran.

EU pledges EUR1bn in aid package for Egypt

Sharm El-Sheikh – Mubasher: The European Union said it is committed to providing a financial aid package worth more than 1 billion euros for Egypt’s economy in various sectors. More than half of the aid package will be in human and social development including education and healthcare, the EU added.

Bayti, 2 Saudi firms to invest $500m in Egypt plant

harm El-Sheikh – Mubasher: Saudi’s PepsiCo and Almarai and Egypt’s Bayti plan to invest $500 million in their juice plant in Egypt, according to media reports.

Al-Baraka Bank to invest EGP5bn in Egypt

Sharm El-Sheikh – Mubasher: Al-Baraka Bank Egypt, subsidiary of Bahrain’s Al Baraka Banking Group, is intending to inject EGP 5 billion worth of fresh investments in the Egyptian market, announced CEO Ashraf El-Ghamrawy.

Egypt, Siemens sign $10bn energy deals

Sharm El-Sheikh – Mubasher: Egypt’s electricity ministry signed four MoUs with global energy firm Siemens for energy projects worth $10 billion. The signing came on the sidelines of the three-day Egypt Economic Development Conference (EEDC) that was inaugurated Friday in the Red Sea resort of Sharm El-Sheikh.

Egypt, BP sign $12bn energy deal

Sharm El-Sheikh – Mubasher: Egypt’s oil minister Sherif Ismail signed on Saturday an agreement worth $12 billion with UK’s British Petroleum (BP). The deal is for the development of 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

El-Sisi, bin Rashid witness agreement signing to build Egypt’s new capital

Sharm El-Sheikh – Mubasher: Egypt’s housing minister Moustafa Madbouly has signed an agreement worth $45 billion with the UAE to build Egypt’s new administrative business capital.

Kerry lauds Egypt’s economic reforms

U.S. Secretary of State John Kerry said on Friday Egypt needs sustainable growth, adding that economic growth in the Arab world’s most populous country requires transparency in reforms and laws.

GCC states pledge $12.5bn in fresh aid for Egypt

GCC states have pledged $12.5 billion in financial aid for Egypt’s economy.

Oman to provide $500m for Egypt economy

The Sultanate of Oman will provide $500 million in financial aid for Egypt’s economy, which will be sent over five years, announce Omani prime minister Yahia bin Mahfouz Al Manthiry.

Sawiris says to launch $500m investments

Egyptian business tycoon Naguib Sawiris said on Friday that a total of $500 million worth of investments will be launched over the few coming period.

Saudi Arabia vows continued support for Egypt economy

Saudi Arabia will continue to support stability and development in Egypt, said Prince Muqrin bin Abdul-Aziz Al-Saud, Saudi Arabia’s crown prince and deputy prime minister.

Egypt summit receives 2500 participants from 83 countries

The number of participants in Egypt’s economic summit that kicked off Friday exceeded 2500, in addition to 775 companies, from 83 countries, said Ambassador Hossam Al-Kawish, spokesman of the summit.

El-Sisi: Egypt gov’t to boost investment climate

Egypt’s President Abdel Fattah El-Sisi said the Egyptian government is committed to adopting a policy aimed at achieving high and sustainable growth rates, in addition to bolstering the country’s investment climate so as to be able to compete globally.

Saudi prince plans multibillion-dollar investments in Egypt

Saudi prince Faysal bin Abdul-Rahman bin Abdul-Aziz Al-Saud said on Friday he will inject billions of dollars in Egypt investments in partnership with other Saudi businessmen over the coming period.

UAE to inject $4bn into Egypt economy

The UAE will inject $4 billion worth of investments in Egypt’s economy, announced Sheikh Mohamed bin Rashid Al Maktoum, Ruler of Dubai, UAE Vice President and Prime Minister.

Egypt to re-emerge as leading regional economy – UAE minister

Egypt has contributed much to the human civilization along history and the Arab world as well as the whole world benefitted from its contributions, said UAE’s minister of state Sultan bin Ahmed Sultan Al Jaber.

Kuwaiti emir to take part in Egypt’s economic summit

Kuwait’s Emir HH Sheikh Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and his accompanying delegation are scheduled to leave Friday for Egypt to take part in Egypt's economic summit, reported state-owned news agency KUNA.

Saudi crown prince to head delegation at Egypt summit

Cairo-Mubasher: Prince Muqrin bin Abdulaziz Al Saud, Saudi Arabia’s crown prince and deputy prime minister, will head the Kingdom’s delegation that will participate in Egypt’s economic summit, said Saudi ambassador to Cairo Ahmed bin Abdulaziz Kattan.

Morocco to attend Egypt’s economic summit – papers

Morocco will send a high-profile delegation to attend Egypt’s economic summit this week, reported local gazette Hespress.

Mo’men to showcase $100m investments at Egypt summit

Egypt’s foodstuff industries group Mo’men said Wednesday it will present investments worth $100 million at the country’s economic summit that will kick off this week.

Beltone gears up to manage 4 Egypt IPOs in 2015

Beltone Financial Holding, an investment firm operating assets worth EGP 30 billion in Egypt, is preparing to manage four major initial public offerings in 2015, said Chairman Alaa Sabaa.

US Euronet to seek opportunities at Egypt summit

Euronet, a US provider of electronic payment services, said it will look for new investment opportunities during its participation at Egypt’s economic summit this week.

OC offering ‘key’ for promoting EGX at economic summit – Omran

The Egyptian Exchange announced Wednesday the start of trading on Orascom Construction Ltd, under the symbol OC, as the first foreign company to be dual listed on Egypt’s equity market in almost twenty years.

HC to showcase 4 projects in Egypt summit

Cairo-Mubasher: HC Securities has been assigned by the investment ministry the promotion of four projects during Egypt’s economic summit, said Chairman Hussein Shokry.

Beltone to present downtown Cairo restoration project at March summit

Egypt's Beltone Financial Holding will present a project for restoring and renewing downtown Cairo at this week’s economic summit, said Aladdin Saba, Beltone’s CEO.

Qalaa Holdings to sponsor Egypt’s economic summit

Cairo-Mubasher: Qalaa Holdings will be a participant and sponsor in Egypt’s economic summit this week, the company said Tuesday.

ADIB to participate in Egypt’s economic summit

Cairo-Mubasher: A top delegation from Abu Dhabi Islamic Bank (ADIB) and its Egyptian subsidiary will take part in Egypt’s economic summit this week, ADIB-Egypt said on Tuesday.

World Bank says carrying out $5.4bn projects in Egypt

Cairo-Mubasher: The World Bank will participate with a high-profile delegation in Egypt’s economic summit, said Poonam Gupta, the bank’s acting country director for Egypt, Yemen and Djibouti.

BP makes second notable gas discovery in Egypt

BP Egypt on Monday announced another important gas discovery in the North Damietta Offshore Concession in the east Nile Delta, the company said in a press statement.

Egypt’s economic growth to accelerate this year – Moody’s

Cairo-Mubasher: Global ratings agency Moody’s said the pace of Egypt’s economic growth is forecasted to accelerate to between 4% and 4.5% in 2015.

Egypt to showcase 30 projects at economic summit – minister

Cairo-Mubasher: Egypt’s government has hired local and global investment banks to promote its projects of around thirty during the upcoming economic summit in March, said Investment Minister Ashraf Salman.

'Political will' seen trigger of Egypt's economy-Beltone

The Egyptian economy was hammered by four years of street and political turmoil which lead in its turn to changing the scales of the economic recovery, said a specialized economic report compiled by Beltone financial.

Egypt's foreign reserves record $15.456bn at Feb

Egypt's foreign currency reserves rose to $15.47 billion at the end of February 2015 compared to $15.43 billion at the end of January 2015, according to the Central Bank of Egypt (CBE).

Egypt to launch money, business centre worth EGP 12.5bn

Egyptian Minister of Housing Moustafa Madbouly said the project of southern central business district - a money and business centre - will be launched in the Sixth of October and Sheikh Zayed cities, with an investment cost totaling EGP 12.5 billion.

Egypt's economy grows by 4.3% in Q2 FY15

Egypt's economy grew by 4.3% in Q2 FY15, compared to 1.4% in Q2 FY14, according to the Planning Minister Ashraf al-Arabi.

Bahraini monarch to head delegation to Egypt summit

Cairo-Mubasher: Bahrain’s King Hamad bin Isa Al-Khalifa has welcomed his country’s participation in Egypt’s upcoming economic summit.