Category: Egypt

Egypt: Investment Minister – Petrochemicals Project in Gulf of Suez With U.S. $7.5 Billion Investments

Egypt, Egypt Business, Markets June 9, 2015 Curated Content 0 Comments

Minister of Investment Ashraf Salman met with representatives of the US imports and exports bank, representatives of the Korean imports and exports bank and a number of US, Italian and Korean financial institutions, where they discussed establishment of a petrochemicals project in the Northwest Gulf of Suez with an investment cost reaching USD 7.5 billion. […]

Egypt’s foreign reserves rise on back of Gulf Aid

Business, Economy, Egypt, Egypt Business, Markets February 18, 2015February 18, 2015 Curated Content 0 Comments

(Reuters) – Egypt’s foreign currency reserves rose to $15.43 billion at the end of January from $15.33 billion the previous month, the central bank said on Thursday. Foreign reserves fell sharply after the 2011 uprising that ousted President Hosni Mubarak but had risen again on the back of billions of dollars of Gulf Arab aid […]